Personal finance provider expands motor finance solutions for leisure market
Leading finance provider, BNP Paribas Personal Finance UK, has expanded further into the leisure market with new finance solutions for touring caravans and caravans.
After successfully launching into the leisure market in 2021 with finance provisions for motorhomes and caravans, BNP Paribas Personal Finance UK is now offering customers with finance options across the wider touring vehicles industry.
BNP Paribas Personal Finance UK’s decision to enter the market was in response to increased consumer interest in motorhome-based holidays which became a popular choice for a break after lockdown — an interest which was reflected in a significant spike in sales of motorhomes and campervans across the UK.
This interest in touring vehicles has not declined to pre-COVID levels, with consumers continuing to make purchases across various touring vehicles. In fact, research undertaken by BNP Paribas Personal Finance UK revealed that there are an estimated 755,000 touring caravans and motorhomes that are regularly in use in the UK — a figure which is set to increase by 18 per cent in the next seven years.
The new finance solutions have been launched in partnership with a number of existing partners and the organisation will be looking to expand further in the coming months.
BNP Paribas Personal Finance UK’s increased financial provisions in the leisure market represents the organisation’s commitment to providing responsible and affordable finance solutions that allow customers to purchase products that improve their quality of life.
The expansion also forms part of BNP Paribas Personal Finance UK’s wider ambition to become a leading provider of finance in the leisure market, providing dealers and brokers with a one-stop shop of finance solutions for their customers.
Andrew Brameld, chief commercial officer at BNP Paribas Personal Finance UK, has led on this expansion and commented: “BNP Paribas Personal Finance UK has been delivering responsible finance solutions for over 50 years, supporting customers and partners across a number of industries.
“With this expansion of our finance solutions in the leisure market, we’re delighted to be bringing our expertise to a wider area of the market and to be providing our partners with a range of solutions that they can rely on.”
Andrew continued: “Our wealth of experience in personal finance has enabled BNP Paribas Personal Finance UK develop its reputation as a trusted partner for motor finance solutions.
“This reputation is upheld by our brilliant team of account managers and customer support colleagues who ensure that our services and solutions are delivered seamlessly, making the lives of our consumers and partners that much easier.”
Learn more about the firm’s motor finance solutions or to get in touch with one of BNP Paribas Personal Finance UK’s account managers HERE.
