Sales financing

The sales financing is the financing of to sell goods using credit . Sales financing is provided to private customers in the consumer sector in the form of private loans . In the commercial sector, in addition to leasing, a large number of forms of financing and types of credit can be found.

Emergence

This area arose from the financing of pots, the financing of household appliances ( brown and white goods ), and later the car financing. The sales financing is becoming increasingly important, especially because big retail chains a subsidization of the interest to take on personal loans to the paragraph to push products. In recent years, financing has also been offered for other areas of consumption , such as B. in cosmetic surgery and in the financing of dentures .

Sales financing for automobile manufacturers

Sales financing is of particular importance in the field of automobile financing. Almost all major car manufacturers have set up their own banks (so-called “ captives ”) for this purpose or have concluded corresponding framework agreements with banks and leasing companies .

Examples of manufacturer-linked sales financiers are:

• BMW Financial Services
• Daimler Financial Services
• Toyota Financial Services
• Volkswagen Financial Services