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CIG Motors, the authorised distributor of the GAC brand of vehicles in Nigeria has sealed an auto finance partnership deal with Polaris Bank to make vehicle acquisition and ownership affordable to Nigerians. The two organisations have therefore introduced an ‘Easy Buy’ scheme which is open to all Nigerians in paid employment both in the private and public sectors.
Announcing the new product, which comes with with improved incentives to afford customers the opportunity to buy affordable brand new vehicles, in Lagos last weekend, Chairman, CIG Motors, Chief Diana Chen, advised prospective auto buyers to seize the opportunity of the scheme and acquire brand new automobiles that can stand the test of time.
The scheme allows prospective buyers to walk into any Polaris Bank branch to apply for credit to buy their choice GAC cars and thereafter pay conveniently if they are in a paid employment.
Diana Chen said the scheme was launched because “we want more and more people to buy new cars in Nigeria and this will benefit the owners, the industry and the country.“
Polaris Bank’s Executive Director, Lagos Business, Mr. Segun Opeke, who signed the ‘Easy Buy’ scheme MoU between Polaris Bank and CIG Motors, expressed delight at the partnership between the bank and the auto firm, saying it will make brand new vehicle acquisition and ownership seamless for Nigerians.
“We appreciate Management of CIG Motors for this partnership as we reiterate that Polaris Bank ‘Easy Buy Scheme’ offers the most valuable and seamless auto finance opportunity for those who wish to acquire and own brand new cars effortlessly,” he said.
Polaris Bank’s Group Head, Products and Market Development, Mrs. Adebimpe Ihekuna, said, “The Easy Buy’ scheme is seamless you can now walk into any Polaris Bank branch to apply for credit to buy your choice GAC cars and thereafter, pay conveniently.”
General Manager, Sales, CIG Motors, Mr. Jibril Arogundade, said, “The partnership with Polaris Bank is in line with our strategy and direction of making vehicle acquisition, a seamless experience for Nigerians and essentially to assist prospective customers to buy brand new vehicles.
“The Polaris Bank/CIG Motors partnership is intended to ease vehicle acquisition and assist customers to take advantage of the offer. What we are simply doing is to help prospective buyers eliminate the burden of sourcing funds to buy a new car,” he added.
Both establishments came up in the agreement to ease challenges associated with securing low interest bank credit to acquire choice cars. They explained that the ‘Easy Buy’ scheme has a convenient monthly repayment tenor of up to 60 months. While also adding that there is a zero per cent interest freeze between 6-12 months on the GAC models will apply from date of funds disbursement of the ‘Easy Buy’ scheme which customers would enjoy in addition of free comprehensive insurance for the first year, free vehicle registration and five years’ warranty among other benefits.
The ‘Easy Buy’ auto scheme offer which is applicable to GAC models which includes; GA4, GS3, GN8, GS4 and GS8 models can be accessed in all CIG Motors accredited dealers nationwide.
While GAC auto models have won various awards including the Nigeria Auto Journalists Association (NAJA) Awards, Polaris Bank, adjudged the Digital Bank of the Year, is a future-determining bank committed to delivering industry defining products and services to individuals and business.
