Business & Finance
BYD’s Denza Eyes Europe Car-Finance Unit to Rival BMW, Mercedes
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Exclusive Transportation BYD’s Denza Eyes Europe Car-Finance Unit to Rival BMW, Mercedes BYD Co.’s premium Denza brand may set up its own car financing operation in Europe as soon as next year, potentially a big step to challenge premium brands like BMW AG and Mercedes-Benz Group AG. Setting up its own financial services unit would enable Denza to make more competitive financing and leasing offers on models like its €142,000 ($158,810) Z9GT sports wagon. Leasing and financing arrangements...
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Transportation
BYD’s Denza Eyes Europe Car-Finance Unit to Rival BMW, Mercedes
BYD Co.’s premium Denza brand may set up its own car financing operation in Europe as soon as next year, potentially a big step to challenge premium brands like BMW AG and Mercedes-Benz Group AG.
Setting up its own financial services unit would enable Denza to make more competitive financing and leasing offers on models like its €142,000 ($158,810) Z9GT sports wagon. Leasing and financing arrangements account for the majority of premium-car sales in Europe, making competitive monthly payments crucial in winning customers.