L-R:Sales Manager, Dana Motors, Mr. Olawale Jimoh; Head, Retail Banking Group, Skye Bank Plc, Nkolika Okoli; Chief Commercial Officer, Dana Motors, Mr. Sandeep Malhotra; and Senior Sales Manager, Dana Motors at a press briefing on the auto finance agreement between Skye Bank and Dana Motors in Lagos.
The joint partnership brings to the fore an auto finance scheme that is geared towards satisfying the customers’ needs with manageable monthly repayments plans that is best suited for individuals, organizations, corporate bodies and institutions who are availed convenient and flexible finance options.
The partnership which will end in March 2016 is expected to promote the acquisition of new cars by Nigerians with good cash flow, and to make it easy for eligible members of the public to acquire brand new Kia vehicles particularly in the yuletide period.
Yuletide period
From its entry level cars like the Picanto and the Rio to its best-in-class SUV, Kia Sportage are covered in the finance scheme. Customers can have access to this scheme at over 20 Kia sales and service outlets in Nigeria and all Skye Bank branches nationwide.
The auto loan promo starts from December 10 and valid till March 31 2016. This partnership will pave way for both new and existing customers of the Kia brand to own a new vehicle of their choice in celebrating the yuletide period and kick-starting the new year.
Speaking at the agreement signing ceremony in Lagos on recently , Head, Retail Banking Group, Skye Bank Plc., Nkolika Okoli, said Skye Bank, as a retail focused bank, is always on the lookout for ways to add value to its customers and the partnership is to provide avenue for customers to easily acquire brand new cars.
Okoli said, Kia brand is one of the fastest growing brands in the local automobile industry today. She described the models as very popular to average Nigerians, adding that the spare parts and service centers are readily available across the country, thereby offering convenience to the teeming car owners.
Speaking on “who is eligible?”, Okoli said, salary earners and business owners can acquire cars under the partnership with down payment as low as 20% of the total cost of the car. So, rather than opt for fairly used cars customers are encouraged to provide 20% equity contribution for a brand new car while the balance can be repaid over a 4 year period.
Okoli also noted that there is no need for salary domiciliation for salary earners once they can meet monthly repayment using post-dated cheques.
The scheme allows customers to get free auto tracking installation, a flexible payment option for up to 48 months repayment tenure and a competitive equated monthly installments (EMI) as low as N64,500.”, she further explained Also speaking at the event, Kia Motors’ chief commercial officer, Sandeep Malhotra, described the partnership as an important one given Skye Bank’s customer centric orientation.
Malhotra said the partnership would make ownership of Kia cars very easy, cheap and affordable for anybody with a regular source of income who ordinarily may not have the required money to pay for the car at once. He listed the benefits accruable to customers who buy Kia cars under the special arrangement to include free first three services, discounted prices, free delivery, 5-year warranty and free vehicle tracker.
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