Santander Consumer Finance (SCF) has been selected by Yamaha Motor UK as its finance provider from January 2019, taking over from Black Horse.

The contract will see SCF providing a range of retail and wholesale finance facilities, across Yamaha products including the Motorcycle, Marine and All-Terrain Vehicles (ATV).

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Headquartered in Woking, Surrey Yamaha Motor Europe UK has 300 dealers and distributors across Britain. Santander Consumer Finance employs 600 people and is based from in Redhill, eighteen miles from Woking.

Stewart Grant, Santander Consumer Finance commercial director, said: “Our new agreement with Yamaha is an exciting evolution in our leisure and specialist vehicle partnership strategy.  We are immensely proud to be working in the UK with a world-renowned iconic brand with which we share the common values of quality and performance.

“We have been working with multiple Yamaha European group companies for some time and have acquired a deep understanding of the Yamaha brand, business strategy and values.”

Lee Neesham, country manager for Yamaha Motor UK, said: “As a customer-centric company, we always strive to offer our customers and dealers the best service to suit their requirements; and it’s clear that finance has become an integral part of the business.

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“Having a single supplier for all of our finance requirements across the range of product groups will bring many efficiencies and ultimately lead to a more consistent and coherent strategy for both dealers and retail customers.”

Yamaha Motor UK have recently introduced models such as the MT-07 and MT-09 motorcycles, and the Kodiak ATV. Yamaha’s USA division will offer wholesale financing for used vehicles through a captive branch from December this year.

Last month SCF expanded its personal contract hire business through agreements with Mazda and Volvo.