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M•A•N

18th February 1984
Page 36
Page 36, 18th February 1984 — M•A•N
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Which of the following most accurately describes the problem?

MAN-VW dealers are able to provide credit for their customers through MAN-VW's parent group in this country, VAG(UK).

VAG Finance is jointly owned by Lloyd Bank subsidiary Lloyds Bowmaker Finance Group (51 per cent) and VAG(UK) (49 per cent) and provides finance for the group's commercial vehicle and car sales. Prospective buyers are referred via the dealer to the appropriate Lloyds Bowmaker branch.

According to a VAG Finance spokesman, the majority of MAN-VW dealers promote this company-backed credit and use it themselves to finance their vehicle stocks. Reviewing the credit facilities offered, he said that those for the commercial vehicle customers are more sophisticated than the car buyers' in order to better meet the haulier's needs.

For example, variable, accelerated and seasonal repayment plans for HP are available in addition to the conventional fixed repayment. Leasing can be arranged, but not lease with maintenance.

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