CNH Capital, Emirates Money Sign Partnership Agreement



Emirates Money entered into a preferred partnership agreement with CNH Capital, CPI Financial reported. This new agreement foresees financing activities for industrial products, including commercial vehicles and construction equipment commercialized by CNH Industrial brands Iveco, Iveco Bus and Case construction equipment through authorized dealers in the United Arab Emirates, according to CPI Financial.

As a result, Emirates Money is able to offer local businesses captive-alike financing under the brand of CNH Industrial Capital for a wide spectrum of products within the commercial vehicles and construction equipment sectors, CPI Financial reported. Emirates Money estimates that about 16,000 units of heavy and light commercial vehicles were sold in Dubai alone in 2013. Around 35% of these vehicles can be classified as heavy commercial vehicles, while the rest are light and heavy buses), according to CPI Financial.

Vikas Thapar, CEO of Emirates Money, said, “Access to finance is a major challenge faced by the wider Plant, Machinery and Commercial Vehicles sector, and our partnership with CNH Capital is predicated on expanding the range of products that can be financed to help customers meet their fleet requirements.

To view the full CPI Financial report, click here.


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