VinFast chooses US Bank as preferred provider of vehicle financing

Tuesday, Feb 07, 2023 19:06

A VinFast VF8 model on the road in the US. — Photo courtesy of the company

VinFast on Monday announced US Bank has been chosen as its preferred provider of retail financing and leasing of VinFast vehicles in the United States.

US Bank is a trusted lender for vehicle finance and leasing, serving millions of customers through consumer and business banking, payment services, corporate and commercial banking and wealth management and investment services.

Under the partnership, US Bank will officially provide financing and leasing solutions for VinFast vehicles at VinFast showrooms and via the VinFast website.

“With the goal to make electric vehicles accessible to everyone, VinFast is constantly looking for optimal solutions for customers. Thanks to this agreement, VinFast customers will have access to competitive finance and lease rates and world-class customer service from US Bank,” said Le Thi Thu Thuy, Vingroup Vice Chairwoman and CEO of VinFast Holdings.

“Many Americans will purchase their first electric vehicle this year and we are excited to expand our presence in making EV ownership a reality through our relationship with VinFast,” said John Hyatt, Executive Vice President, US Bank, Dealer Services. “Through financing and leasing with US Bank, VinFast customers will enjoy a secure, digital-first experience that takes just minutes.”

The announcement comes as VinFast is preparing to open more showrooms in California, with plans for more locations around the country soon. — VNS

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