Porsche captive adds branded F&I products, from Automotive News.
Porsche, Bentley and Lamborghini dealers in the U.S. are getting a new menu of F&I products to sell.
Porsche Financial Services North America Inc. is introducing extended service contracts and other products bearing the Porsche name, plus F&I products for the Bentley and Lamborghini brands.
The lender’s move to branded F&I products follows similar ones by luxury rivals Mercedes-Benz and BMW.
“This is absolutely significant for the Porsche brand and the dealers and ultimately for the clients,” said Patrick Huston, general manager of Park Place Porsche in Dallas, one of several dealerships that participated in planning the new branded products.
Porsche dealers have been asking for branded F&I products, Huston told Automotive News during a phone interview on Monday. He said dealerships can expect to start selling the new products as soon as they get signed up and receive training on the new policies.