Stanbic IBTC, Globe Motors unveil auto finance scheme | Bizness Watch

Stanbic IBTC, Globe Motors unveil auto finance scheme

Globe Motors says it has unveiled an auto finance campaign, in collaboration with Stanbic IBTC bank, to make vehicles ownership easy and stress free.

It said the scheme was targeted at potential Hyundai customers, offering prospective buyers the opportunity to make as low as 10 per cent down payment for any model of Hyundai and walk away with the car, with the balance payment spread over a period of 60 months.

The Managing Director of Globe Motors, Mr. Victor Oguamalam, who spoke at a press briefing in Lagos attended by top officials of the company and senior managers of Stanbic IBTC Bank, said the finance scheme was put together to offer convenience to customers.

He “We believe the collaboration of Globe Motors, providing quality products and services, Hyundai Manufacturing, producing highly acceptable vehicles, and Stanbic IBTC, the leading auto finance provider in Nigeria, will be a success as the customer is the ultimate beneficiary.”

He also said, “Because we recently added Hyundai to the other brands we’re already marketing, we decided to launch this campaign to “deserving and willing customers who want to own and drive Hyundai vehicles.”

Oguamalam said the campaign, which was for an initial three-month period, would cover all models of Hyundai vehicles such as Hyundai passenger and commercial vehicles as well as Sports Utility Vehicles.

To access the finance scheme, he said all a customer needed do was to walk into any Stanbic IBTC Bank nationwide or any Globe Motors’ showroom in any part of the country and effect the necessary documentations.

The Stanbic IBTS’s Head of Vehicle and Asset Finance, Mr. Ifeanyi Ogbor, said his company believes in the credibility of Globe Motors and with its over 10 years experience in auto financing in Nigeria, adding that it was open to offer financing to corporate entities, Small and Medium Enterprises as well as individuals.

“This is a great opportunity, coming with reduced interest rate, good prices from Globe Motors, and you can actually conclude the process without you coming to the bank. And Hyundai vehicles are widely used in Nigeria.”.

The General Manager, Globe Motors, (Hyundai brand), Mr. Mohan Wasnani, said the auto company would offer its customers warranty of three years or 100,000 kilometres for all models as well as free three services after the purchase of the vehicle.

The firm said in a statement that it had over 30 years experience in Nigeria’s auto market, adding that it was proud to do business with Hyundai, which was currently rated the fourth largest vehicle manufacturer in the world.

“Hyundai, operating the world’s largest integrated automobile manufacturing facility in Ulsan, South Korea, has an annual production capacity of 1.6 million units,” it added.

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