• SELECT LEASE by MOBILIZE is a new leasing company in the UK fleet market
• The new company combines the brand recognition and expertise of one of the UK’s leading Contract Hire brokers with the financial strength and ambition of Mobilize Financial Services UK
• It will offer a full range of multi-brand car and van offers and services for private and business customers
Mobilize Financial Services & Select Car Leasing are pleased to announce the creation of SELECT LEASE by MOBILIZE, a new multi-brand Contract Hire provider that will offer a full range of products and services to private, SME and corporate customers.
The creation of this strategic partnership sees Mobilize Financial Services purchase 36.6% of Select Car Leasing, whilst the Select Car Leasing owners, Mark Tongue and James O’Malley, acquire a 15% shareholding in SELECT LEASE by MOBILIZE. *
This partnership with Select Car Leasing confirms Mobilize Financial Services UK’s advancement within the global Mobilize Lease&Co strategy supporting the ambition to reach a fleet size of one million vehicles by 2030.
Alice Altemaire, CEO of Mobilize Financial Services UK, said: “In a growing UK leasing market, developing our operational lease offer has been a top priority of the Mobilize Financial Services UK team, demonstrated by our growth in recent years. We are proud to have increased our fleet size from 12,372 end of 2019 to 22,413 end of 2022. I am delighted by today’s announcement of our strategic partnership with Select Car Leasing, one of the UK’s leading independent leasing specialists for cars and vans. It is a significant step towards Mobilize Lease&Co’s global strategy and contributes to its global ambition to reach a fleet size of one million vehicles by 2030. By launching SELECT LEASE by MOBILIZE, we will broaden our leasing products and services offering, including full multi-brand car and van leasing solutions, for private and business customers alike. And given our shared commitment to electric vehicle solutions, you can expect SELECT LEASE by MOBILIZE to deliver for the environment, too.”
Mark Tongue, Joint CEO and founder of Select Car Leasing, added: “As the UK’s largest and most trusted car and van leasing broker, we are delighted to formally announce this strategic partnership with Mobilize Financial Services UK. We are excited at the opportunity this brings to accelerate our growth in 2023 and beyond and deliver best in class mobility solutions to consumers and businesses across the UK, with a particular focus on electric solutions. This comes at a perfect time as the global electrification revolution gathers pace. We are also pleased to be joining with a multinational business to invest in and co-develop a new lease company, with all the Select brands right at its heart. It’s a truly unique move where a broker and leasing company can feed each other and thus provide true economies of scale and value to the consumer, helping people make the seamless transition to not only electric vehicles, but also charging and home energy."
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About Mobilize Financial Services
Attentive to the needs of all its customers, Mobilize Financial Services, a subsidiary of Renault Group, creates innovative financial services to build sustainable mobility for all. Mobilize Financial Services, which began operations nearly 100 years ago, is the commercial brand of RCI Banque SA, a French bank specializing in automotive financing and services for customers and networks of the Renault-Nissan-Mitsubishi Alliance.
With operations in 35 countries and nearly 4,000 employees, Mobilize Financial Services financed nearly 1.2 million contracts (new and used vehicles) in 2022 and sold 3.8 million services. At the end of December 2022, average earning assets stood at 44.7 billion euros of financing and pre-tax earnings at 1,050 million euros. Since 2012, the Group has deployed a deposit-taking business in several countries. At the end of December 2022, net deposits amounted to 24.4 billion euros, or 49% of the company's net assets.
To find out more about Mobilize Financial Services: www.mobilize-fs.com
Follow us on Twitter: @Mobilize_FS
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