Suzuki And Marac Team Up

Suzuki And Marac Team Up

29 April 2009

MARAC continues to fill the gap left by GE Money and GMAC’s exit from the New Zealand vehicle dealer market, with a new partnership between Suzuki New Zealand Limited, MARAC Finance Limited and MARAC Insurance Limited.

Effective immediately, Suzuki customers will now have more finance and insurance choices, as well as the confidence these products are backed by one of New Zealand’s most respected finance companies.

“Recent figures show that it has been a difficult year for car dealers,” says Chris Flood, General Manager – Consumer for MARAC. “But there are still opportunities for dealers in the vehicle market. Our partnership with Suzuki puts its dealers in a strong position to offer their customers a broad range of finance and insurance products and stand out as a strong industry player.”

“While some consumers remain cautious of spending, there has never been a better time to buy a new or used vehicle. With the New Zealand dollar falling, tighter emission standards restricting imports and the over supply of vehicles reducing, we are likely to see upward pressure on prices. Consumers who are thinking about purchasing a vehicle should consider buying shortly. It is partnerships like the one we have just signed with Suzuki, which provide a range of financing and insurance options, that will make these purchases more accessible.”

“Working with MARAC brings great opportunities for our New Zealand car buyers,” says Tom Peck, General Manager of Marketing, Suzuki New Zealand. “Retail banks have tightened access to debt in all sectors of the market and it has become more difficult for people to draw from their mortgage or secure a personal loan. Through this new relationship with MARAC, Suzuki dealers nationwide are able to offer customers a tailored finance package or leasing solution to make purchasing a vehicle or motorcycle easy, whether for personal or business use. The Suzuki range of insurance products has been designed specifically for New Zealand Suzuki owners to ensure they are covered for all eventualities.”

“In this market customers are increasingly cautious around their choice of finance company provider. With this in mind, selecting MARAC as a partner was an obvious choice based on its broad range of products, knowledge of the New Zealand finance market, 55 years of being in business, the high level of service it offers with its tailored finance solutions and its Standard & Poor’s investment grade credit rating.”

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