Renault finance opens at just 1.9 per cent
BY MARTON PETTENDY | 2nd May 2011
The super-low introductory rate of just 1.9 per cent, available now for all Renault passenger cars except the Clio and Megane RenaultSport, doesn't match the interest-free finance deals offered with no strings attached in the US.
It also falls short of the zero-per cent finance offer Jaguar is offering on all new and demonstrator models until May 31, although Jaguar buyers must pay 50 per cent of the purchase price up front and the remainder in two years.
But Renault Financial Services' opening gambit betters the most enticing offer from Toyota Financial Services, which until recently offered 2.9 per cent finance on a range of mainstream models – along with drive-away deals and special-editions – as part of its drive to boost sagging sales.
Toyota now offers 3.9 per cent for its slow-selling Yaris, Prius and Camry Hybrid models, and 4.9 per cent for its Corolla.
Underlining how serious Renault is with its latest Australian rejuvenation, the French brand's 1.9 per cent passenger credit is offered with 3.9 per cent finance for all light commercial vehicle customers, who will also receive free satellite-navigation.
However, like RenaultSport vehicle owners, buyers of the Kangoo and Trafic vans will not receive Renault Australia’s new five-year/unlimited mileage warranty, which was announced alongside the establishment of Renault Financial Services at the local launch of the Latitude sedan flagship on April 11.
Both rates are available to eligible private, business and fleet buyers of Renault vehicles financed for 36 months during May and June and delivered by July 31.
“We are confident these highly competitive finance rates will appeal to our customers during this busy retail period,” said Renault Australia managing director Justin Hocevar.
“The rates are very appealing and, when backed with our class-leading five-year warranty on passenger vehicles, will help people to buy the Renault they really want rather than having to compromise on another brand.
“Renault Financial Services is a crucial part of our offering to customers. We are excited to launch into the market with such a competitive offer. It is another way in which Renault is demonstrating our commitment to our customers and our products.”
