CNH Industrial Capital, the global financial services business of CNH Industrial N.V. under which Iveco falls, has expanded its existing preferred partnership with WesBank, a division of the FirstRand Group. This means Iveco customers in South Africa now have access to flexible financing solutions for a broad range of commercial vehicles and trucks as part of this partnership.
The new agreement covers the sale of Iveco trucks, commercial vehicles and buses – all of which are manufactured and commercialised by CNH Industrial brands – through authorised dealerships in South Africa.
As a result of this partnership, WesBank now offers captive-alike financing to local businesses under the brand of Iveco Capital for a wide spectrum of products within the commercial vehicles and bus transportation sectors. This partnership provides further stimulus to the growth of South Africa’s commercial and industrial activity, which places the transport of goods and the collective transport of people, at the forefront.
“WesBank is delighted to be the finance partner of choice for Iveco. This relationship will further strengthen the already successful partnership with CNH Industrial and will grow WesBank’s position in the commercial vehicle market”, says Gerald Burton, Executive Head WesBank Corporate Division.