Kia Motors Nigeria has partnered Stanbic IBTC bank on a finance scheme tagged, ‘Drive Your Dream, Pay at Your Pace’.
Speaking during the lunch in Lagos, the Marketing Manager, KIA Motors, Nigeria, Olawale Jimoh, said that the need for a customer-oriented finance scheme fueled this strategic tie-up with Stanbic IBTC.
“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”
He also maintained that the partnership is 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.
According to him, as the only finance scheme available in the country in recent time, the special scheme offers a 10% discount on the cars, competitive interest rate, highly discounted insurance premium, flexible equity contribution from 10% to 30% and a repayment tenure up to 60 months. The cars available in the scheme include the KIA Picanto, Rio and Soul. Other benefits accrual to customers who buy the KIA cars under the scheme include free first three services, discounted prices, free delivery and 5-year warranty.
“The growing number of loan defaulters as a result of the cash-strapped economy has deterred many commercial banks and car companies in rolling out a car acquisition scheme. However, with the aim of significantly improving the customer experience and make them own their dream car, the synergy between KIA and Stanbic IBTC defies all the odds and is set to help customers own new cars and pay at their pace.
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