Renault’s Mobilize launches leasing division

Renault Group’s Mobilize Financial Services has launched Lease&Co, a new leasing subsidiary that will specialise in flexible, use-based contracts.

The new company will serve retail customers, small and medium fleets, large accounts, as well as mobility operators

Mobilize Lease&Co's aim is to reach a fleet size of 1 million vehicles by 2030, compared to 350,000 today.

João Leandro, CEO of Mobilize Financial Services, said: "With the creation of Mobilize Lease&Co, Mobilize Financial Services joins the Renault Group's strategy to move from selling vehicles to selling kilometers and supports the sales of our automotive partners.

“Thanks to Mobilize Lease&Co, its customers will benefit from an all-in-one leasing package with the services that best meet their car usage, whether for a new, a used, a combustion or an electric vehicle.”

Mobilize Financial Services has created Mobilize Pay, Mobilize Insurance and Mobilize Lease&Co in six months. Together, they are expected to meet the car-related mobility needs of customers’ new lifestyles, and position Mobilize Financial Services in rapidly growing market sectors.

Offers will be available for all types of group customers, whether retail or corporate. The services will enable customers to adapt their mobility more regularly while benefiting from the latest vehicles and technologies from the Alliance brands, Renault, Dacia, Alpine and Nissan.

Corporate customers will also be able to benefit from a fleet management solution to optimise the management of their vehicle fleets and encourage greener driving among their employees.

The Alliance's dealer networks will be used to promote the offer and maintain the vehicles during their lifecycle. Mobilize says this will help to build customer loyalty and optimise the vehicle renewal rate.

Mobilize was established as part of the Renaulution plan, which saw the Renault Group separate into five divisions.