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Mazda Moving to Toyota Financial Services in U.S.
Next spring Mazda Motor Co. will drop JPMorgan Chase for consumer loans and leases and switch to Toyota Financial Services.
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Next spring Mazda Motor Co. will drop JPMorgan Chase for consumer loans and leases and switch to Toyota Financial Services.
Mazda has used JPMorgan for sales financing for a decade. But the carmaker tells Automotive News that Toyota Financial will offer greater automotive experience and more options for its dealers’ customers. The switch will occur on April 1.
AN notes that Toyota and Mazda already collaborate on several programs. Among them are a co-developed electric car platform for Japanese market vehicles, shared production in Mexico and the co-owned assembly plant they are building in Alabama.
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