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Following the launch of its new C, K and D range in November 2014, Renault Trucks Middle East has announced the introduction of a flexible financing programme in the region to support industry demands
According to the French truck manufacturer, the flexible finance programme will support construction businesses and would assist businesses to manage projects without budget restraints.
Renault Trucks Middle East sales finance advisor Henrik Larsson said, “There is growth in the regional market leading to an increase in the demand for trucks and as a truck manufacturer, we will actively provide enhanced solutions for our customers. Our flexible financing allows our customers to gain access to some of our top products, including our newly launched range of trucks, whilst choosing a suitable financial option which suits their capabilities.
“This scheme allows us to bring our customer service to a new level and assist them in choosing products depending on their specific needs and financial capabilities. Our role is as an advisor to help them make the best possible choice.”
With financing typically up to five years, which can be tailored a client’s needs, the scheme provides a number of payment options designed to reduce payments or initial down payments, to build equity, and fixed rates for enhanced finance control.
Larsson added, “We understand our customers financial needs and offer them the most competitive rates on the market, competing with some of the biggest banks in the region and leaving our customers credit ratings unaltered. We also offer an Islamic financing option and a range of rate structures that give our customers a flexible and comfortable repayment schedule.”
Renault Trucks works with a large network of regional and international banks who deal through a varied range of currencies including US dollar, Euros and Swedish Krona, allowing regional business’ greater financing options.
With regards to the expansion plans, Renault Trucks, in Iraq, has opened a CKD plant to manufacture its ranges with the capacity to assemble 3,000 trucks per year. It will also open a CKD plant in Saudi Arabia’s King Abdullah Economical City beginning 2016 where 1,000 Renault Trucks can be assembled yearly. The plant is a joint venture between Renault Trucks and Zahid Tractor, who is exclusive Renault Trucks distributor in the kingdom.
The brand has also recently announced the opening of a new custom-built and state-of-the-art workshop in Qatar capital Doha with an investment of US$6.59mn.