LDV and WesBank sign landmark deal to offer seamless financial solutions

LDV South Africa and WesBank have joined forces to revolutionize the vehicle finance industry in South Africa with the launch of LDV Finance.

 This new partnership brings together LDV’s innovative approach to vehicle manufacturing with WesBank’s expertise in providing tailored financial solutions to create a seamless experience for LDV dealers and their customers.

The alliance was celebrated at a signing ceremony at WesBank’s headquarters in Johannesburg, where both companies expressed their excitement for the opportunities the partnership will bring. 

WesBank CEO Ghana Msibi highlighted the potential for growth in the local automotive sector, while LDV South Africa CEO Bevan Nel emphasised the confidence WesBank has in LDV’s product range and financial stability.

Colin Squair, Executive Head of Sales at WesBank, welcomed the LDV delegation from South Africa and China, underscoring WesBank’s commitment to building strong partnerships with dealers and OEMs. 

 

He expressed gratitude for LDV’s trust in WesBank and noted the bank’s dedication to understanding the LDV brand and its business in South Africa.

 

LDV Managing Director Frank Chien expressed his confidence in LDV’s success in South Africa, citing the brand’s strong heritage and the support of SAIC’s manufacturing capabilities. 

 

The brand aims to position itself as the leading Chinese automotive brand in the country, backed by an impressive five-year/200,000km factory warranty.

 

With WesBank’s extensive experience in the South African market, LDV South Africa plans to roll out a range of financial products at its dealerships and train its F&I managers to provide top-notch service to customers. 

 

WesBank’s digital innovations, including its online portal and mobile app, will offer LDV customers convenient and efficient access to financing options and account management features.

 

The partnership between LDV and WesBank offers significant benefits to LDV dealers, including access to floorplan finance and WesBank’s industry-leading floor plan system. LDV

 

South Africa will soon introduce financial products for its T60 range of double cab pick-ups, which have already garnered attention for their features and powerful engines.

 

As LDV and WesBank set out to redefine the vehicle finance landscape in South Africa, the future looks bright for both companies and their customers. 

The LDV Finance offering is poised to revolutionize the way customers purchase vehicles, with a focus on seamless, innovative solutions that meet the evolving needs of South African car buyers.