New-start Daimler Truck Financial Services UK pledges to lead on zero-emission vehicle funding solutions

New-start Daimler Truck Financial Services UK pledges to lead on zero-emission vehicle funding solutions

Aug 3, 2022
Leinfelden-Echterdingen, Germany
  • Daimler Truck Financial Services starts business in the United Kingdom
  • Further expansion planned this year in Turkey, Spain and subsequently in Germany and France

Leinfelden-Echterdingen, Germany. Customers for Mercedes-Benz and FUSO trucks, Mercedes-Benz buses and coaches in the United Kingdom (UK), can now call on the support of a fully dedicated financial solutions partner, following the launch today of Daimler Truck Financial Services UK.

By developing intelligent and sustainable solutions, the new business is set to play a key role in driving the take-up of alternatively-fuelled vehicles. Dedication ensures that Daimler Truck Financial Services’ extensive range of purchase and leasing products, as well as the insurance packages it will be introducing next year in the UK, can all be perfectly tailored to meet the needs of commercial and passenger-carrying vehicle operators.

Daimler Truck Financial Services is a fully integrated part of the world’s biggest truck and bus manufacturer, Daimler Truck AG. Prior to the UK launch, Daimler Truck Financial Services was already doing business in 11 markets on six continents. Further expansion is planned this year in Turkey and Spain, and thereafter in Germany and France. With a global contract volume of 18 billion Euro (Q1 2022), it is one of the road transport industry’s largest captive financial services company.

Stephan Unger, Member of the Board of Management of Daimler Truck AG for Financial Services, and CEO of Daimler Truck Financial Services: “We are very happy to welcome our new colleagues in the UK. UK is an important market for us and plays a key role in our global strategy. All over the world we see growth opportunities for new finance products and service solutions to support the transfer to e-transportation or in connectivity services.”

Today’s launch follows the spin-off of Daimler Truck from its former parent company Daimler AG in December 2021 that marked the dawn of a new era of entrepreneurial independence for the truck and bus business.

Operators of trucks, buses and coaches bearing the three-pointed star and light trucks with the FUSO three diamonds badge in the UK, were previously served by Mercedes-Benz Financial Services, which continues to fund passenger cars and vans. Their agreements have now been transferred seamlessly to Daimler Truck Financial Services on exactly the same terms as before.

The team in the UK is led by Managing Director Nick Andrews and shares its headquarters in Milton Keynes with Mercedes-Benz Trucks UK. Customers for new and used vehicles are being welcomed aboard by their own, personal Finance Specialists. “This is a tremendously exciting time to be launching our new business, not least because of the alternative fuels revolution now underway,” declared Nick Andrews. “UK operators can already choose battery-electric rigid trucks such as the FUSO eCanter and Mercedes-Benz eActros. Transformative products like these require new and innovative approaches to the business of funding their acquisition and operation. We will support our customers on their journeys to a more sustainable, environmentally-friendly future, by offering leasing, financing and insurance products tailored to these new technologies.”

Heiko Selzam, Managing Director, Mercedes-Benz Trucks UK, commented: “The launch of Daimler Truck Financial Services UK comes at precisely the right time.  I am excited that we are now fully integrated, offering our customers everything they need under one roof. We put truck operators first, by offering them not only the best trucks in the world, but also the best services and the best way to fund them.”

Team Daimler Truck Financial Services UK