VW Credit Launches Ducati Financial Services
VW Credit Inc. will begin offering retail financing for Ducati motorcycles through its recently established Ducati Financial Services. The new captive finance company is expected to open this month.
HERNDON, Va. — VW Credit Inc. (VCI), a subsidiary of Volkswagen Group of America Inc., will now offer retail financing for new and used Ducati motorcycles in the U.S. market. The newly established Ducati Financial Services (DFS) will officially begin operations this month and will offer customer financing through Ducati dealers across the U.S.
In addition, DFS will offer ancillary products for new and used motorcycles, including the Ever Red Motorcycle Protection Plan, Total Loss Protection plan, and Road Hazard Tire and Wheel Protection plans.
"We are delighted to offer competitive retail financing and ancillary products for the Ducati premium motorcycle brand,” said Andrew Stuart, CEO of VW Credit Inc. “With Ducati Financial Services, Ducati customers and dealers have a strong captive finance partner. They will benefit from more than 30 years of experience in the automotive finance business and we are really looking forward to working together."
“The introduction of Ducati Financial Services marks an historical time for Ducati North America,” said Dominique Cheraki, general manager of Ducati North America. “With specifically tailored, in-house programs, we are now able to effectively enhance and improve the customer buying and ownership experience. The implementation of a program of this magnitude represents a milestone in the development of Ducati and its growing dealer network in North America.”
Ducati is a premium motorcycle brand that was founded in 1926 in Bologna, Italy. In April 2012, Ducati was acquired by Audi AG. Ducati sold more than 44,000 motorcycles worldwide in 2012, with U.S. sales accounting for 9,258 units.
More Auto Finance
Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
Read More →
Mind Your Process
Consistent steps taken in various aspects of the F&I office can make valuable differences over time, similar to an outline for a best-selling book.
Read More →
Top Five Credit Application Fraud Flags
Compliance audits regularly reveal bad habits that can lead to fraud charges and should have been stamped out decades ago.
Read More →
More Auto Loans for the Taking in August
Riskier categories were on the uptick for the month as lenders loosened access in several areas while balancing out the exposure in another, Cox Automotive reported.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →