Coscharis Unveils New Vehicle Finance Scheme



Photo Caption: L-R: Victor Oni, Head Human Resources, Coscharis Mobility Ltd; Olaleke Oyeniran, Financial Controller, Coscharis Mobility Ltd; Christian Chigbundu, Managing Director, Coscharis Mobility Ltd; and Abiona Babarinde, General Manager, Marketing and Communications, Coscharis Group, during the press launch of the new vehicle finance scheme in Lagos.

Coscharis Mobility Limited, a subsidiary of Coscharis Group has unveiled new vehicle finance scheme in partnership with Coscharis Motors.  


 Unlike the conventional vehicle finance usually midwifed by banks, the new scheme requires  interested individual or group to make a down payment of between 10 to 30 per cent of the cost of  any vehicle of their choice available at the Coscharis Motor’s showroom and structure the balance payment over a period not later than 36 months.
Managing Director, Coscharis Mobility, Christian Chigbundu, explained  that apart from its numerous benefits such as comprehensive insurance, registration, training of drivers, robust after-sale service and reasonable interest rate, the entry and exit agreements had been flexibly designed to suit individuals’ situations, adding that it would always be a win-win situation for all parties.
He explained that the decision to come up with the new scheme was informed by the challenge of scarcity of funds facing both individuals and corporate entities to purchase some necessities and needs following the COVID-19 pandemic that had disrupted businesses globally.
According to Chigbundu, individuals or groups are expected to select from a collection of Coscharis brand of vehicles such as Rolls-Royce, BMW, Mini, Jaguar Land Rover, Ford, Renault and Morris Garages.
Chigbundu said, “The steps are simple: Identify the vehicle of your choice in any of Coscharis Motors showroom nationwide; make an initial deposit ranging from 10 per cent to 30 per cent; the vehicle will become yours then pay the balance over a period of time.
“Coscharis Mobility Limited as a leasing company and not a bank is showcasing this service with the following: fast-track transactions; flexibility in terms; customised service; customer service; and continuous support throughout the lease period.”
General Manager, Marketing and Corporate Communications, Coscharis Group, Abiona Babarinde, explained that the partnership between the two companies within the Coscharis Group was to jointly delight their “common stakeholders with exciting options from the brand of vehicles to pick from coupled with ease of paying for them; from the premium brands to the budget brands. You will agree with us that this offer remains an offering that offers you nothing but value for your money as our pay off line states. “
He noted that the collaboration would be “a watershed within the auto sector in Nigeria going by the strong pedigree the two entities have as industry leaders in auto sales, after-sales and logistics amongst others. 
“Coscharis Mobility has the exclusive franchise representing the renowned respected brand when it comes to logistic business globally which is SIXT in Nigeria.”
Babarinde added that Coscharis had invested so much in quality parts, right tools and technicians to handle all its vehicles, stressing that the company’s after-sale service was robust and meant to stay with its customers through the period of using the vehicles. 

 Coscharis Group also used the opportunity to advise its Customers and potential customers to take advantage of the finance initiative. 

 “The steps are simple: 

Identify the vehicle of your choice in any of Coscharis Motors showroom nationwide 

Make an initial deposit ranging from 10% -30% 

The vehicle will become yours then, 

Pay the balance over a period of time 

Coscharis Mobility Limited as a leasing company and not a bank is showcasing these service with the following: 

Fast-track transactions 

Flexibility in terms 

Customised service 

Customer service 

Continuous support throughout the lease period.