Globe Motors, Stanbic IBTC to ease vehicle acquisition

A new initiative by Globe Motors in partnership with Stanbic IBTC bank is aiming at easing vehicle ownership with the unveiled of an auto finance campaign.

With the initiative, potential customers are expected to make 10 per cent down payment for any model of Hyundai and walk away with the car, with the balance payment spread over a 60 months period.

Revealing the plan in Lagos, Managing Director of Globe Motors, Victor Oguamalam, who led a team of Globe Motors officials and senior managers of Stanbic IBTC bank said the finance scheme was put together to make brand new vehicle ownership easy for customers, considering the country’s harsh economy situation.

Oguamalam said: “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”.

“Because we recently added Hyundai to the other brands we already market, we decided to launch this campaign to “deserving and willing customers who want to own and drive Hyundai vehicles,” he added.

Oguamalam said the campaign, which is for an initial three months period, covers all models of Hyundai vehicles such as Hyundai Passenger, Commercial and Sports Utility Vehicles (SUV) including Accent, Elantra, Sonata Santa Fe.

He stated further that to access the finance scheme, all a customer needs do is to walk into any Stanbic IBTC bank nationwide or any Globe Motors showroom in any part of the country and effect the necessary documentations.

Stanbic IBTC’s Head of Vehicle and Asset Finance (Personal and Business Banking), Ifeanyi Ogbor, said his company believes in the credibility of Globe Motors and with its over 10 years experience in Auto financing in Nigeria, it is open to offer financing to corporate entities, small and medium businesses as well as individuals.

He said: “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”.

General Manager of Globe Motors, in charge of Hyundai brand, Mohan Wasnani in his submission, stated that Globe goes further to offer its customers warranty of three years or 100,000 kilometers for all models as well as free three services after purchase of the vehicle for all models.

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