Stellantis and Crédit Agricole Consumer Finance to create multi-brand leasing company

Stellantis has revealed plans to partner with Crédit Agricole Consumer Finance (CACF) to create a new multi-brand leasing company which will operate across Europe.

The car manufacturing giant has said that CACF would acquire a 50% interest in Leasys and its Free2Move Lease businesses in a combination agreement that will create the new operation alongside an enhanced captive finance arm in partnership with other leading European banks.

It said that the move would enable a streamlined customer journey and bring consistent and attractive financing activities to all Stellantis brand customers, franchised car dealers and distributors.