Updated finance for Stellantis Australia customers as Allied Credit further extends its dealership reach into the dealership space
Leading Australian automotive lender Allied Credit has struck a deal with Stellantis Australia to provide a new finance partnership for its three local brands.
Under the partnership, Allied Credit will provide a white-label finance product at a dealer level for the three Stellantis Australia marques – Alfa Romeo, Fiat and Jeep – under their respective individual brands.
Allied launched in 2010 and has a background in finance production creation in the motorcycling sector.
Financing on Jeep’s Australian dealer sites was previously backed by Macquarie Leasing under the Chrysler Group Financial brand, which was still being displayed on Jeep’s dealer websites at the time of publication (below).
Alfa Romeo’s site currently does not disclose supplier information on its finance page, while Fiat does not offer branded financing.
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With the demise of the 300 sedan (below), the Chrysler brand is no longer sold in Australia, with Dodge exiting in 2016.
The Australian company purchased the floorplan finance operations of Macquarie, as well as dealer stock lending intellectual property, for an undisclosed sum in 2021.
Allied Credit now provides white-label new car financing products to approximately 13 automotive brands in Australia.
The new Managing Director of Stellantis Australia, Michael Filazzola, who took on the MD role in February, believes the partnership will benefit their dealers and customers.
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“Allied Credit has a strong reputation in the Australian market and we are excited to work together,” said Filazzola.
Jim Giles, Head of Alliances & Acquisitions at Allied Credit, said that the business is delighted to partner with the Alfa Romeo, Fiat and Jeep brands and to provide finance to Stellantis Australia.
“While the partnership is new, significant progress has already been made with the majority of the 100 or so dealers nationally already onboarded,” said Giles in a statement.
“The first campaign for Jeep Financial Services has recently been launched, and the campaigns for Alfa and Fiat are expected to commence soon.”
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[author] [author_image timthumb=’on’]https://editorial.csnstatic.com/editors/tim-robson-author.jpg[/author_image] [author_info]Tim Robson[/author_info] [/author]
