Renault Bank has been rebranded to Mobilize Financial Services in line with the Renault Group strategy to develop and deploy new and innovative solutions to meet the car-related mobility needs of customers’ new lifestyles.

As the automotive industry worldwide undergoes major changes, this rebrand is backed by an objective to provide financial solutions that will cater for all mobility needs, including the arrival of more electric and connected vehicles. Mobilize Financial Services will finance more vehicles over longer periods, while creating more value to meet the needs of customers’ evolving lifestyles.

Renault Bank (now Mobilize Financial Services) has been operating in Ireland for over 10 years and in that time has lent over €1.7 billion to Irish customers. The Bank has financed over 100,000 vehicles for both Renault and Dacia individual and commercial customers since 2012.

The finance arm of Renault in Ireland has seen huge growth over the 10 years including the launch of several new finance products and services such as Personal Contract Plans (PCP), car servicing plans and leasing products. Two in three customers now choose PCP as their preferred payment solution. Currently the Irish branch employs 35 local employees and is based in Baldonnell in Co. Dublin.

Paddy Magee, Country Operations Director, Renault Group Ireland “This is an exciting time for the automotive industry as there many innovative products arriving in the coming weeks and months. The transition to electric is already here, but we will also see a transition in the coming years to new payment methods and a shift to more “pay per usage” models. Mobilize Financial Services is investing heavily in this and will help deliver the overall group strategy in the coming years which will focus on providing more digital journeys to customers and transitioning from selling cars to selling kilometres”.

Laurent Fillion is the new incoming Managing Director of Mobilize Financial Services in Ireland and has been with the company for almost 20 years: “Mobilize Financial Services will offer more innovative services and digital experiences which will allow customers to reduce their usage costs while accessing a more environmentally friendly mobility. Mobilize Financial Services Ireland will continue to provide and enhance its products and services available to all customers through the 31 Irish branches in dealerships”.

For the current 222 registration period Mobilize Financial Solutions has introduced a zero deposit and longer durations of up to 48 months on PCP products whilst maintaining competitive rates.  With the electric vehicle market now representing 13% of all passenger car registrations, Mobilize Financial Services Ireland has introduced a new electric vehicle home charging solution to support customer’s needs. The service includes the electric vehicle wall box charger and installation.

Ireland has 31 branches/retailers with access to Mobilize Financial Services.