New Car Brand BYD Partners with Santander Consumer Finance for Dealer Finance

In a noteworthy development, BYD UK has formally announced the selection of Santander Consumer Finance as its official dealer finance partner. This strategic partnership aims to offer a diverse array of finance options for customers, including Personal Contract Purchase, Purchase Plans, and Personal Contract Hire.

Stewart Grant, the commercial director of Santander Consumer Finance, conveyed his excitement for the collaboration, expressing, “We are delighted to establish a partnership with BYD as they embark on their journey to position themselves as a significant new car brand and to provide consumer finance across their rapidly expanding UK dealer network. BYD is a respected global leader in new energy vehicles and has already resonated with UK buyers making the transition to electric vehicles (EVs). We eagerly anticipate collaborating with the BYD team to offer affordable finance options across their swiftly expanding range of EVs.”

Michael Shu, BYD’s managing director of Europe, also positively commented on the partnership, emphasizing the significance of working with reputable and customer-centric partners. He stated, “As a newcomer to the UK market, it is crucial for our partners to be well-known entities with a dedication to their customers and a commitment to delivering an exceptional customer experience, which perfectly describes Santander. We look forward to working together as we introduce the BYD brand and our impressive lineup of electrified vehicles to UK customers, accompanied by a comprehensive selection of financing options.”

This collaboration marks a momentous achievement for Santander Consumer Finance, as BYD becomes its 17th manufacturer partner. The partnership with BYD builds on the recent agreements formed with INEOS Automotive and Polestar, further strengthening Santander Consumer Finance’s presence in the automotive financing sector.

The collaboration between BYD and Santander Consumer Finance is particularly significant for UK customers, as it will provide them with more accessible and flexible financing options for acquiring electrified vehicles. As the market for electric vehicles continues to expand, this partnership presents new opportunities for individuals considering the shift to environmentally friendly transportation.

With the combined expertise and resources of these two reputable companies, customers can anticipate an enhanced car-buying experience, making it more convenient to explore and invest in environmentally friendly transportation options. The partnership also signifies the commitment of both companies to supporting sustainable mobility solutions and contributing to the growing popularity of electric vehicles in the UK market.