[dropcap]K[/dropcap]ia Motors Nigeria partnered Stanbic IBTC bank to overcome liquidity crunch and excess documentation requirements to become a car owner in Nigeria.
The finance scheme tagged ‘Drive Your Dream, Pay at Your Pace’ is in a bid to help people drive home their dream car despite the uncertainty rocking the Nigerian economy occasioned by the instability in the inflation and economic outlook, the customers’ interest is at the core of this tie-up.
The growing number of loan defaulters as a result of the cash-strapped economy ravaging the country 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.
Over the decade, Kia Motors Nigeria has been on the vanguard of promoting a customer-driven corporate culture by providing the best quality and exceptional service with all values centered on the customers. Premised on this, the need for a customer-oriented finance scheme fuelled this strategic tie-up with Stanbic IBTC to provide the customers.
“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.” Olawale Jimoh, Marketing Manager, Kia Motors Nigeria.
Reacting to the new scheme, Stanbic IBTC stated that it’s great to partner with Kia in a highly competitive car finance scheme that goes beyond traditional loan facilities. The bank further reaffirms its commitment to helping customers and remaining the one-stop financial institution to cater for their needs, ‘we’re committed to helping people become car owners, by offering a highly competitive interest rate and flexible repayment tenure. 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’.
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 accruable to customers who buy the Kia cars under the scheme include free first three services, discounted prices, free delivery and 5-year warranty.