Volvo Financial Services South Africa has announced the end of its alliance with WesBank.
Volvo Financial Services, the global captive finance company of the Volvo Group, which began doing business in its own right in South Africa in 2017, will continue to offer financial services solutions to the customers of the Volvo Group’s products including UD Trucks, Volvo Bus, Volvo Trucks and Volvo CE.
“We have greatly valued our alliance with WesBank over the past 10 years, as the Volvo Group strengthened its position in the market to provide our clients with a wide range of financial service solutions,” says Jens Winkelmann, country manager of Volvo Financial Services in South Africa. “We have established a firm foundation on which to service our local client base, which reinforces our commitment to and belief in the local transport and mining industry.”
Winkelmann says Volvo Financial Services, as part of the Volvo Group, is an expert in the products offered by the company. There are currently close to 20 Volvo Financial Services staff throughout the country, including staff based at Volvo Group dealerships.
“While we are a global organisation, we also believe in leveraging local expertise to ensure our South African customers’ unique business requirements are addressed through personal attention and tailored, competitive solutions,” says Winkelmann.
Existing customers’ financing agreements with the VFS/WesBank alliance will continue to run and be serviced as before until they come to an end in the ordinary course.