Fleet News

Fiat to set up own leasing company

FIAT is forming a new wholly-owned contract hire company which will start trading in the UK early next year. Known as Fiat Auto Financial Services, the new operation will offer a full range of financial support services to Fiat UK, its customers and both Fiat and Alfa Romeo dealers.

Edinburgh-based GE Capital Motor Finance will initially provide staff training and support, but the company will ultimately stand alone. Fiat UK's current arrangements with Lombard Motor Finance will cease upon the launch of the new company.

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