Nissan Leasing (Thailand), Nissan Motor’s subsidiary for leasing and sales finance, and Mitsubishi Motors (Thailand) have joined forces to create Mitsu Leasing for Thais wishing to purchase Mitsubishi vehicles.
Nissan Leasing (Thailand) will be responsible for providing wholesale and retail financial services and products for participating Mitsubishi dealerships across Thailand under Mitsu Leasing.
The brand name comes from “Mitsu” – the name Thai consumers commonly use to refer to Mitsubishi Motors vehicles.
Mitsu Leasing will begin providing financial services this month.
“This is a significant development,” said Andrew Maeer, managing director at Nissan Leasing (Thailand). “Outside of our planned collaborations on technology development, common vehicle platforms and joint plant utilisation, today’s announcement is one of the key milestones of our new alliance with Mitsubishi.”
The collaboration follows Nissan and Mitsubishi Motors’ similar joint announcement on June 5 regarding providing financial services in Australia, New Zealand and Canada.
Mitsubishi Motors (Thailand) president and chief executive Morikazu Chokki welcomed the collaboration.
“This will bring benefits to our participating Mitsubishi Motors (Thailand) dealers and our customers through greater choice in competitive branded finance offerings,” he said.