Business View Oceania | July 2022

21 22 BUSINESS VIEW OCEANIA VOLUME 4, ISSUE 7 BUSINESS VIEW OCEANIA VOLUME 4, ISSUE 7 installation, and checks for batteries, steering systems, and running gear. If we don’t have parts in stock, we can get them. We have a very good hold on our market and are proud of what we have achieved to date.” Euro City also has its own in-house finance company: Online Automotive & Finance. As a registered finance provider, the business provides bespoke financial solutions for clients that suit individual requirements at competitive rates. Euro City’s finance team offers credit agreements, business and finance leases, operating leases, and commercial funding for property acquisitions. Normal lending criteria applies, and Finance deals and contact can be made on the Euro City website. A major shortage of microchips is currently challenging engine manufacturers across a variety of sectors, Terry says. “Whether you’re an auto or marine manufacturer, whether you’re in Australia, New Zealand, or America, you’re with us for over a decade, are being retrained to service other internal combustion engine products, namely marine. I myself enjoy boating, and New Zealand is a wonderful boating destination, so it just made sense to diversify and ensure our business maintains longevity for the many employees that have invested their time in assisting to create this business. 12 months ago we set up a presence in Auckland, which accounts for 50% of the New Zealand boating population, via the Bensemann Boating centre. We then found ourselves being appointed to represent Crownline & Finseeker from the United States, Ocean Craft Marine from Dubai, and our local Herley Boats in New Zealand as the Australasian distributor. As the Australasian distributor for New Zealand and Australia we also now represent China, Vietnam, Hong Kong, Philippines and the Pacific Island nations. Our boating services include engine and transmission servicing, repowers, accessory electronics EURO C I TY AUTOMOT I VE AND MAR INE MitchCap was founded in 2019 by Mr. Paul Mitchell, who found the equipment distribution market lacked a true Dealer First Floorplan Finance Solution. Frustrated by the lack of progress with the big banks, Mitchell sold his home and used the proceeds to fund the first MitchCap Dealers, fast forward to 2022 and MitchCap is the largest provider of dealer floorplan direct lines and OEM programs across multiple industries in Australia and has recently launched into New Zealand. Mitchell says, “We don’t approach Dealers as a me-too money provider, everything we do is to enable increase sales growth and profitability as a business partner. Our Dealers receive an ecosystem of financial and non-financial services to support their needs. The ecosystem includes FX Platform, Import Finance, Lead Generation Tools, Market Place, Retail Finance, and Wing-to-Wing Rental Finance with integrated Booking Application. These solutions ensure the Dealer is the heart of our business and each MitchCap Dealer has  significant competitive advantages over their competitors.” MitchCap is responsible for the funding of equipment held for sale across 200 Dealer locations and support OEM and Distributor Programs across 50+ iconic brands. ...... For more information, please visit our website www.mitchcap.com.au MitchCap is proud to announce the launch of the Crownline APAC Distribution Program in partnership with Euro City! MitchCap is A&NZ Leading Leisure Equipment Distribution Floorplan Financier with more OEM/Distribution Programs Supporting the Marine and RV Industries than any other lender. +61 2 4258 3620 www.mitchcap.com.au OVER 3,000 OEMS • 2,000 DISTRIBUTORS • 12,000 DEALERS • 10,000,000 USERS