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Home News Nigeria Hyundai Motors Partners Access Bank to Launch Buy-Now-Pay-Later Offer

Hyundai Motors Partners Access Bank to Launch Buy-Now-Pay-Later Offer

Hyundai Motors Nigeria Limited (HMNL) in collaboration with Nigeria’s top financial institution, Access Bank plc has launched a vehicle finance scheme to inspire perceptive customers and fleet buyers to buy precision-engineered and affordably priced locally assembled Hyundai vehicles.

The scheme, which is ongoing, is designed to encourage local patrons to own and drive Hyundai vehicles, using convenient bank credit with low-interest rates.

Announcing the scheme recently in Lagos, the duo of Hyundai Motors Nigeria, manufacturers and distributors of Hyundai vehicles and Access Bank PLC explained that the scheme had a convenient monthly repayment tenor up to forty-eight months (48) months, depending on the customer’s payment option.

While also adding that a three month payment holiday will be offered to customers from the date of disbursement, the facilitators of the scheme said customers would, in addition, be offered labour free service for six months or 10,000kms (whichever is first) and a warranty of five (5) years or 100,000kms (whichever is first).

Both establishments brokered this agreement in Lagos at the launch of the scheme aimed at easing challenges associated with accessing low-interest bank credit to procure choice cars.

“The credit initiative is a seamless plan for desiring patrons and fleet managers to access low-interest bank credit for the procurement of discounted Hyundai vehicles without necessarily paying commitment and management fees,” the duo explained.

Reacting, Gaurav Vashisht, Head, Sales,  Hyundai Motors Nigeria described the joint credit initiative as one of Hyundai’s strategies and direction of making vehicle acquisition a seamless experience and essentially assists prospective customers to buy new Hyundai vehicles and experience Hyundai inspiring technology.

He said: “The offer was intended to ease vehicle acquisition and assist customers including those without a functional account with Access Bank to access the facility.

“What we are simply doing is to help prospective buyers starve off the burden of sourcing funds in one fell-swoop to buy a new car. You can now walk into any Access Bank branch to apply for credit to buy your chosen car and thereafter, pay conveniently.”

The offer which can be accessed in all Hyundai Motors Nigeria Limited accredited dealers nationwide includes select Hyundai models like Hyundai Accent, Elantra, Sonata, Kona, Creta, Tucson SUV and H1 Bus.

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