BYD Australia and Allied Credit today announced a new automotive finance partnership with Allied Credit appointed as the finance partner for BYD Australia and its premium brand DENZA.
Operating as BYD Financial Services and DENZA Financial Services, the white-label partnership will deliver a fast, simple and integrated finance solution for customers purchasing BYD and DENZA vehicles through the brands’ flourishing national dealer and introducer network.
The partnership brings together one of the world’s pioneering new energy vehicle manufacturers with a leading Australian auto financier, combining BYD’s expanding product portfolio with Allied Credit’s established expertise in branded wholesale, retail, novated leasing and commercial finance solutions.
The alliance comes as Australian consumers embrace greater choice in ultra-low and zero CO2 tailpipe emission vehicles. BYD delivered a record 18,881 battery electric and innovative super hybrid vehicles in June, the culmination of BYD’s commitment to deliver as many vehicles as quickly as possible to Australian motorists feeling cost of living pressures.
For BYD and DENZA dealers, the new finance program is designed to support stronger customer conversion at the point of sale, with rapid credit decisioning, intuitive workflows and responsive support from Allied Credit’s national sales and credit teams.
Through Allied Credit’s market-leading originations platform, Lightning, dealers will benefit from streamlined application processing, creating a seamless finance journey from enquiry through to vehicle delivery.
Stephen Collins, Chief Operating Officer, BYD Australia, said:
“For BYD and DENZA it’s more than just offering customers a range of compelling new energy vehicles that are great to drive. It’s about providing a customer ownership experience that meets or exceeds expectations, with ownership options tailored to their needs. Partnering with Allied Credit allows us to offer finance solutions that are aligned to the needs of both our dealer network and customers across the BYD and DENZA brands.”
Jon Moodie, Chief Executive Officer, Allied Credit, said:
“We are delighted to be appointed as the finance partner for BYD Australia and DENZA, reflecting the strength of our partnership model, dealer-first approach and commitment to delivering fast, reliable auto finance solutions, supported by dealer training and responsive service.
This partnership creates a large, scalable platform across retail, wholesale and commercial channels, reinforcing our position as a leading provider of white-label automotive finance solutions.
As more Australians consider electric and new energy vehicles, access to simple, competitive and flexible finance will play an important role in supporting choice and accelerating adoption. We look forward to working closely with BYD, DENZA and their dealer network to support their growth and help more Australians get behind the wheel of their chosen vehicle.”
Allied Credit has built a strong reputation supporting automotive manufacturers, distributors and dealer groups across Australia, with a partnership model designed to make finance easier, improve efficiency and deliver better customer outcomes.
The launch of BYD Financial Services and DENZA Financial Services further strengthens Allied Credit’s position as a leading provider of white-label automotive finance solutions in Australia.
