Kia and Stanbic reach an accord on auto finance scheme

08/04/2017

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Kia Motors and Stanbic IBTC bank have a joint effort in releasing a new car finance scheme to help car buyers get their dream vehicle easily.
Understanding the concern of Nigerian about excess documentation requirements and liquidity crunch to own a car, Kia Motors and Stanbic IBTC bank have reached an accord that helps car ownership become easier for future car buyers. 
 
Kia Motors Nigeria showroom

“Drive your dream, pay at your pace” is their slogan for the finance scheme
 
The cash-strapped economy has led to an increase in the number of loan defaulters, which prevents a lot of commercial banks and auto makers from releasing a car purchase scheme. However, Kia and Stanbic IBTC have a combined effort to help the customers own their dream car. “Drive your dream, pay at your pace” is their slogan for the finance scheme in order to assist car shoppers despite economic fluctuation in Nigeria. The core of this cooperation lies at the customers’ interest.
 
Kia Motors Nigeria has been known well as the pioneer of a customer-driven company that features in providing the best quality and additional service with all interests focus on their customers. This is also the basis of the cooperation for the new car finance scheme.
 
“At Kia, we keep exploring different customer-oriented partnerships aimed at giving an exceptional car ownership experience and to make the process of vehicle financing to our customers flexible, easy and convenient. Our partnership with Stanbic IBTC is set up to bridge the gap between the customers’ budgetary restraints and the dream to own new cars”, said Olawale Jimoh, Marketing Manager of Kia Motors Nigeria.
 
“We are poised to eliminating the long processing time obtainable in others financial institutions and simplify the documentation requirements to make the customers drive their dream car,” he added.
 
A man and a red Kia Soul

Now the customers can buy their dream car easier with the scheme

The finance scheme is available in Nigeria in recent time. For the special scheme, car buyers will be offered a 10% discount on the cars, highly discounted insurance premium, competitive interest rate, a repayment tenure up to 60 months and flexible equity contribution from 10% to 30%.
 
Cars included in the scheme are Kia Picanto, Kia Rio and Kia Soul. Besides, car buyers also get more benefits including discounted prices, free delivery, 5-year warranty and free first three services.
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