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Santander expands leasing offer
Santander Consumer Bank is expanding its vehicle financing portfolio to include leasing with a residual value guarantee for private individuals.
Santander expands leasing offer
The bank is now offering private customers of vehicle brand partners a new product with a residual value guarantee in addition to the existing standard leasing. While with standard leasing it is possible to purchase the vehicle at the end of the contract term, with new leasing with a residual value guarantee the focus is on time-limited use and subsequent return of the vehicle to the dealer.
The advantage of the residual value guarantee: At the end of the financing term, the customer does not incur any costs due to a loss of residual value - unlike standard leasing. This makes it particularly suitable for people who want to switch to a new vehicle after the contract term.
Michael Schwaiger, Chief Commercial Officer of Santander Consumer Bank, is pleased about the addition: "We attach great importance to offering our customers tailor-made solutions for every situation. By introducing a leasing product with a residual value guarantee, we are responding to a frequently expressed customer request and rounding off our existing portfolio in a meaningful way."
In addition, operating leasing for commercial customers has been improved and an automatic residual value calculation has been added.