Kia Motors Nigeria has partnered Stanbic IBTC bank to enable buyers of Kia vehicles overcome liquidity crunch and excess documentation requirements.
The finance scheme tagged â€˜Drive Your Dream, Pay at Your Paceâ€™ is in a bid to help people drive home their dream car despite the uncertainty rocking the Nigerian economy.
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 car acquisition schemes.
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.
Marketing Manager, Kia Motors Nigeria, Olawale Jimoh, said over the last decade, Kia Motors Nigeria has been at the vanguard of promoting a customer-driven corporate culture by providing the best quality and exceptional service with all values centered on the customer.
Jimoh said it was the reason Kia went into partnership with Stanbic IBTC to provide the customers.Â
â€œAt 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 customersâ€™ budgetary restraints and the dream to own new cars,â€ he said.
Reacting to the new scheme, Stanbic IBTC stated that it is great to partner with Kia in a highly competitive car finance scheme that goes beyond traditional loan facilities. The bank further reaffirmed its commitment to helping customers and remaining the one-stop financial institution to cater for their needs. â€œWeâ€™re committed to helping people become car owners, by offering a highly competitive interest rate and flexible repayment tenure. â€œWe 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.
â€œAs 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 accruable to customers who buy the Kia cars under the scheme include free first three services, discounted prices, free delivery and 5-year warranty.â€