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Kia Motors Nigeria has partnered Stanbic IBTC bank to help Nigerians overcome the current liquidity crunch and excess documentation required for purchasing a new car in the country.
A finance scheme tagged ‘Drive Your Dream, Pay at Your Pace’ is the result of the partnership as it seeks to help people drive home their dream cars despite the uncertainty rocking the Nigerian economy.
The synergy between Kia and Stanbic IBTC thus defies all the odds and is set to help customers own new cars and pay at their pace.
Kia Motors Nigeria, in the past decade, has been in the vanguard of promoting a customer-driven corporate culture by providing the best quality and exceptional service with all values centred on the customers. The need for a customer-oriented finance scheme, therefore, informed this strategic partnership with Stanbic IBTC to bail the customers out.
Marketing Manager, Kia Motors Nigeria, Olawale Jimoh, explained the rationale behind the partnership.
“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 said.
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 reaffirmed its commitment to helping customers and remaining the one-stop financial institution to cater for their needs, saying: ” 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.”
The Kia/Stanbic 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.
