{"id":18021,"date":"2026-09-15T12:04:37","date_gmt":"2026-09-15T10:04:37","guid":{"rendered":"https:\/\/www.chetwode.fr\/?p=18021"},"modified":"2026-09-15T19:28:20","modified_gmt":"2026-09-15T17:28:20","slug":"captive-finance-strategic-financing-tool-2026-changing-market","status":"publish","type":"post","link":"https:\/\/www.chetwode.fr\/en\/whats-new\/captive-finance-strategic-financing-tool-2026-changing-market\/","title":{"rendered":"Captive finance: a strategic financing tool in a changing market"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"18021\" class=\"elementor elementor-18021\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4219ac39 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"4219ac39\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-36a56c20\" data-id=\"36a56c20\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-288ad074\" data-id=\"288ad074\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5f92faa8 de_scroll_animation_no elementor-widget elementor-widget-heading\" data-id=\"5f92faa8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Newsroom<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-537c253d\" data-id=\"537c253d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3dc5f307 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3dc5f307\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-60fa11fb\" data-id=\"60fa11fb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-59c0709b de_scroll_animation_no elementor-widget elementor-widget-heading\" data-id=\"59c0709b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Analysis<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d6ab949 de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"2d6ab949\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79258a42 de_scroll_animation_no elementor-widget elementor-widget-heading\" data-id=\"79258a42\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Captive finance: a strategic financing tool in a changing market<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c68d98b de_scroll_animation_no elementor-widget elementor-widget-image\" data-id=\"c68d98b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1200\" height=\"380\" src=\"https:\/\/www.chetwode.fr\/wp-content\/uploads\/Captive-Finance-Chetwode-1200x380.png\" class=\"attachment-financia-banner-size size-financia-banner-size wp-image-18027\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\"><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-781c2564 de_scroll_animation_no elementor-widget elementor-widget-text-editor\" data-id=\"781c2564\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For manufacturers and distributors of capital-intensive equipment, financing is increasingly becoming part of the product offering itself. From vehicles and industrial machinery to technology and other productive assets, giving customers access to appropriate financing can facilitate sales, strengthen customer relationships and support long-term growth.<\/p><p>This is where <strong>captive finance<\/strong> comes into play.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-632a00f de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"632a00f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-375d514 de_scroll_animation_no elementor-widget elementor-widget-heading\" data-id=\"375d514\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is captive finance?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43cedb2 de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"43cedb2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66d6e1b de_scroll_animation_no elementor-widget elementor-widget-text-editor\" data-id=\"66d6e1b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A captive finance company is a financing entity created by, or closely associated with, a manufacturer or distributor to provide financing solutions supporting the sale or use of its products.<\/p><p>The model is historically well established in the automotive industry, where manufacturers have developed their own financing arms to offer loans, leases and other financial products alongside their vehicles. But the principle extends well beyond automotive.<\/p><p>For manufacturers of industrial equipment, transportation assets or other capital-intensive products, a captive finance structure can help customers spread the cost of acquiring an asset over its useful life rather than funding the full investment upfront.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b0b166 de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"7b0b166\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-543f8f4 de_scroll_animation_no elementor-widget elementor-widget-heading\" data-id=\"543f8f4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why is captive finance becoming increasingly relevant?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-faead43 de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"faead43\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1212f83 de_scroll_animation_no elementor-widget elementor-widget-text-editor\" data-id=\"1212f83\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Several structural developments are supporting this trend.<\/p><p><strong>First, investment requirements are increasing.<\/strong> Digitalisation, automation, artificial intelligence, energy transition and the renewal of industrial and transportation assets all require significant capital expenditure.<\/p><p><strong>Second, the cost of capital remains an important consideration.<\/strong> In France, access to bank financing remained favorable in the second quarter of 2026, with <a href=\"https:\/\/www.banque-france.fr\/en\/statistics\/loans\/access-bank-financing-companies-2026-q2\" target=\"_blank\" rel=\"noopener\">94% of SMEs and 93% of mid-sized companies applying for equipment loans obtaining most or all of the equipment financing they requested<\/a>. However, a growing proportion of companies reported an increase in the overall cost of credit.<\/p><p><strong>Third, financing sources are diversifying.<\/strong> Private credit has moved from a relatively niche segment of financial markets towards an increasingly important source of corporate and asset-backed financing. This creates new possibilities for financing companies, including captive structures, beyond traditional bank funding.<\/p><p><strong>Finally, financing is increasingly becoming part of the commercial proposition, particularly for manufacturers and distributors of high-value equipment.<\/strong> For manufacturers and distributors, the question is therefore moving from simply \u201cHow do we sell this equipment?\u201d towards \u201cHow do we enable our customer to acquire and finance it?\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-da41ded de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"da41ded\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d3d5d77 de_scroll_animation_no elementor-widget elementor-widget-heading\" data-id=\"d3d5d77\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What could the market look like by 2030?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-41f9c7f de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"41f9c7f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6599f54 de_scroll_animation_no elementor-widget elementor-widget-text-editor\" data-id=\"6599f54\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There is no single reliable global forecast measuring captive finance companies as a standalone market. However, developments in adjacent financing markets provide a clear indication of the direction of travel.<\/p><p>Global private credit assets under management have already exceeded $2 trillion. <a href=\"https:\/\/www.moodys.com\/web\/en\/us\/insights\/credit-risk\/outlooks\/private-credit-2026.html\" target=\"_blank\" rel=\"noopener\">Moody\u2019s expects AUM to approach $4 trillion by 2030<\/a>, with asset-backed finance (ABF) emerging as a key driver of future growth<a href=\"https:\/\/www.pwc.com\/gx\/en\/industries\/private-equity\/private-credit-survey.html\" target=\"_blank\" rel=\"noopener\">. PwC\u2019s 2026 base-case forecast<\/a> is somewhat more conservative, projecting private credit AUM of approximately $3.4 trillion by 2030.<\/p><p>These developments could have significant implications for captive finance. As institutional investors and alternative asset managers become increasingly comfortable financing pools of assets and receivables, manufacturers may have access to a broader range of funding sources for their captive financing activities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be680be de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"be680be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-afe1b54 de_scroll_animation_no elementor-widget elementor-widget-text-editor\" data-id=\"afe1b54\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>At Chetwode, we support industrial companies throughout the development of <\/strong><a href=\"https:\/\/www.chetwode.fr\/en\/whats-new\/5-reasons-to-opt-for-the-creation-of-captive-finance-companies\" target=\"_blank\" rel=\"noopener\"><strong>captive finance solutions<\/strong><\/a><strong>, from assessing the strategic rationale and designing the appropriate structure to arranging the funding required to support its growth. Combining expertise in captive finance, <\/strong><a href=\"https:\/\/www.chetwode.fr\/en\/whats-new\/how-can-you-turn-your-assets-into-a-financing-solution-for-your-business\" target=\"_blank\" rel=\"noopener\"><strong>asset-backed financing<\/strong><\/a><strong> and private debt, Chetwode helps manufacturers develop <\/strong><a href=\"https:\/\/www.chetwode.fr\/en\/active-financing-solutions\" target=\"_blank\" rel=\"noopener\"><strong>financing solutions tailored to their assets and customers<\/strong><\/a><strong> \u2014 turning finance into a tool to support sales, strengthen customer relationships and accelerate growth.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d52dd75 de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"d52dd75\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0566430 de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"0566430\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-24422a7c vertical-line-divider\" data-id=\"24422a7c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b05d27f de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"2b05d27f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07e535a de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"07e535a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e457fb1 de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"e457fb1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-96ebac8 de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"96ebac8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ec1bc0 de_scroll_animation_no elementor-widget elementor-widget-spacer\" data-id=\"1ec1bc0\" data-element_type=\"widget\" data-e-type=\"widget\" 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