Renault partnership increases BNZ presence in asset finance

Media Release

21 July 2014

Renault partnership increases BNZ presence in asset finance

BNZ is building its presence in delivering asset finance, announcing today a partnership with Renault New Zealand. The partnership will enable Renault dealers nationwide access to BNZ’s new Cloud-based online quote portal. The new portal which operates on tablets and mobile phones in addition to desktop computers, enables retailers to deliver on-the-spot asset finance quotes to customers on the showroom floor.

BNZ head of asset finance, Mark Tadecicco, says both retailers and customers enjoy the speed and convenience of offering quotes on the showroom floor without having to go back to an office to use a computer.

BNZ has significantly invested in its asset finance capability, unveiling the new Cloud-based system late last year.

Renault New Zealand general manager, Chris Blair says, “I am personally very excited about our partnership with BNZ.

“Renault New Zealand is dedicated to removing complexities in the car buying process and we feel the developments BNZ is making to simplify financing a vehicle for the customer, align perfectly with our vision and values.”

Mr Tadecicco says he expects asset finance to grow, particularly in the SME and agribusiness areas, as businesses look to the most effective means to cash flow plant and equipment such as vehicles.

“Asset finance allows customers to leverage their vehicles, plant and equipment to gain access to additional lines of funding, helping free up cash-flow and other lines of credit for other purposes, such as growing their business.

“Put simply, it’s a way of making these assets work harder,” he says.

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