Iveco customers in South Africa now have access to flexible financing solutions for a broad range of trucks, commercial vehicles and buses, as part of a partnership extension between CNH Industrial Capital and WesBank, which will stimulate the growth of the country's commercial development and industrial activity.
Iveco vehicles are manufactured and commercialised by CNH Industrial brands through authorised dealerships in South Africa.
Because of this partnership, WesBank now offers captive-alike financing to local businesses under the brand of Iveco Capital.
With over 50 years in the equipment finance industry, CNH Industrial Capital provides global financing solutions for the company's brands. This spans equipment, machinery and vehicles for transportation, construction and agriculture. It services a portfolio that includes wholesale and retail financing, leasing, insurance, asset management and revolving lines of credit, through various wholly owned subsidiaries, joint ventures and vendor programmes spread across North America, Latin America, Europe and Australia.
"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 the bank's position in the commercial vehicle market," said Gerald Burton, Executive Head WesBank Corporate Division.