CNH International and New Holland Kobelco Construction Machinery, subsidiaries of agricultural and construction equipment company CNH Global, have formed a retail financing alliance with local vehicle and capital equipment finance firm WesBank.
The new alliance will operate under the name ‘CNH Capital, a division of WesBank’, and will provide financial services for end-users in the South African market for the range of CNH products, including New Holland Agriculture, New Holland Construction, Case IH, and Case Construction Equipment.
The agreement came into effect in February.
“We are pleased that WesBank is now representing our financial services division, under the CNH Capital brand name, in South Africa,” says CNH global trade finance director Carlo Sisto.
“This alliance aims to improve the level of satisfaction for our customers,” adds CNH International GM Mario Gasparri.
“It will contribute to enhance the competitiveness of our wide product offerings and the buying power of our customers, by offering dedicated financial packages and options to better meet their business’ needs.”
New Holland Agriculture, Case IH and Case Construction branded equipment is distributed in the country through Invicta Holdings, while New Holland Construction machinery is sold by Eqstra Holdings.