Porsche Finance Group summarizes the activities of 2011


14.02.2012 Porsche Finance Group has entered the Top Three Rankings of “Ukrainian Union of Lessors“ Association  based on the results of financing the purchase of transport for individuals and legal entities in 2011, and the Company has all the prerequisites for further growth.

 

Porsche Finance Group specializes in financing purchase of Volkswagen, Audi and Porsche. Beginning of 2012 was marked for the company by achieving a milestone figure of 5000 new contracts. The number of financing agreements signed with individuals increased by 45% compared with 2010. A significant increase was also shown in corporate sales segment, which added 10% compared with 2010.

 

In total the company provided funding for credit and lease agreements on the purchase of 2520 vehicles in 2011.

 

“2011 was very fruitful year for Porsche Finance Group, - says Head of Porsche Finance Group Management Board, Josef Graf. - The amount of cars financing has increased by 77% compared with 2010. Porsche Finance Group is optimistic about the future and has no intention to lower the bar set. In 2012 we expect to finance purchase of more than 3500 new cars.”

 

Good results can be achieved through a balanced strategy of the company and the successful work with dealers focused on building long term mutually beneficial cooperation. Also, the company's success is largely due to the involvement of new partners and the introduction of new services.

 

For example, in 2011 Porsche Finance Group has introduced a new service “fleet management” allowing the client to simplify management and reduce fleet maintenance costs. Besides, last year the company signed a cooperation agreement with “AXA Insurance”: thanks to this alliance now customers of Porsche Finance Group can take advantage of insurance services, which guarantee safety under the most favorable terms.

 

Key events for Porsche Finance Group in 2011 were:

 

    reducing the size of the advance payment up to 15%;
    significant reduction in the annual rates of 9.9%;

    increase in the number of contracts on financing by 45%;
    the first major win in the segment of corporate sales (brand VW) with the support of the importer - signing of the contract on financing of 44 cars with the company UCB Pharma;
    strengthened corporate sales segment due to launching of fleet department and providing full-range fleet services to the customers;
    participation in more than 20 local and 15 international tenders with the support of “Porsche Bank,” that resulted in financing of 280 cars.

 

Porsche Finance Group is not going to raise interest rates on loans and lease contracts in 2012. This allows the company to expect strengthening of its position in the market and achieving a 40% increase in the number of contracts on financing.

 

More information and specific proposals on purchase financing terms can be obtained at Volkswagen and Audi dealers over the whole territory of Ukraine or on the Internet www.porscheleasing.com.ua.

 

Porsche Finance Group is represented in Ukraine by Porsche Leasing Ukraine and Porsche Mobility. They are owned by the Austrian "Porsche Bank," which belongs to "Porsche Holding." In Ukraine, Porsche Finance Group renders financial services, operational leasing and cars loans for such brands as Volkswagen, Audi and Porsche, both for businesses entities and individuals and are the market leaders in financing car purchases.