Lotus has signed a partnership with FCA Bank, enabling customers to access a range of finance products when purchasing a vehicle.

The agreement sees FCA Bank become the exclusive retail finance provider for Lotus for the UK and nine other European markets. The initiative replaces five existing suppliers with a single solution, that aims to improve process efficiency and cost reductions….

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Lotus customers will now have access to various retail finance products, including sale, lease and insurance policies on new and ‘approved used’ examples of all three models in the current Lotus sports car range – the Elise, Exige and Evora.

The partnership also sees FCA Bank become the exclusive wholesale finance provider for Lotus. For its European network of retailers, this will give them additional confidence to support the funding of Lotus vehicles for their showrooms and demonstration fleets.

The contract initially covers 10 European markets, which are Austria, Belgium, France, Germany, Italy, Luxembourg, Netherlands, Spain, Switzerland and the UK. It will be phased in by market between July and September. Other countries will follow in due course.

Phil Popham, chief executive of Lotus Cars, said: “I’m delighted that Lotus and FCA Bank will be working together. This partnership is a huge step forward for customer choice, and yet another example of how we’re transforming the Lotus business. For those who have always wanted to own a new Lotus, they’re now more attainable than ever.”

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Giacomo Carelli, chief executive and general manager of FCA Bank, added: “We are delighted to have been selected as the finance provider for Lotus across Europe. This is a further endorsement of our success in providing finance and mobility services arrangements to strategic OEM partners. Lotus is an iconic British brand and we are very proud to contribute to its continued transformation.”