TORONTO – Hyundai Motor Finance announced Jan. 5 that it has begun operations in Canada, enabling Hyundai dealers across the country to offer captive financing options to their customers.
Based in Toronto, the new financial services company is a subsidiary of Hyundai Motor Group and becomes part of a growing, global organization that serves Hyundai dealers and customers in over 10 countries.
“Today’s launch follows months of development, including assembling a top-notch team, building high quality products and services, and consulting with dealers on their needs from a captive finance product perspective,” said Ross Williams, Hyundai Motor Finance CEO.
“We have six business development managers on the ground to serve Hyundai dealers. Hyundai-branded financing will enable dealers to now offer an exclusive Hyundai-branded sales experience.”
Initially, Hyundai Motor Finance will provide branded lease products through the Hyundai national dealer network.
Over time, Hyundai Motor Finance says it will continue to innovate and deliver new financing products for both consumers and dealers. These activities will help sustain and build the Hyundai brand in Canada.
Don Romano, president and CEO of Hyundai Auto Canada Corp., acknowledged the benefits of Hyundai-branded financing for dealers and their customers.
“After more than 30 years in Canada, captive financing is a logical next step in Hyundai’s development in this country. Hyundai employees and Hyundai dealers coast-to-coast are working tirelessly to continuously elevate the complete customer shopping, purchase, and ownership experience.
“As part of this initiative, Hyundai Motor Finance will deliver on an integral component with new levels of service. Hyundai’s new captive finance company’s mission is the same as ours: to exceed our customers’ expectations.”
Hyundai Capital Canada Inc. is the new financial services subsidiary of the Hyundai Motor Group.
Established in 2014 and headquartered in Toronto, Hyundai Capital Canada Inc. is doing business as Hyundai Motor Finance.