By Moses Ebosele, ebosele@hotmail.com —
Kia Nigeria has sealed auto finance partnership with Autochek as part of measures to make new vehicle ownership easy and accessible for intending buyers.
Under the arrangement, Kia Customers through Autochek website and mobile app can now access digital financing solutions for brand new models with repayment tenures of up to 60 months.
Speaking at an interactive session with Motoring Journalists on Friday in Lagos, representatives of Kia Nigeria and Autochek explained that the partnership boast of lowest interest rates in the market from financial partners including “Ecobank and NCBA with a zero per cent equity loan product, Access Bank and Stanbic with unique financing solutions tailored specially for brand new vehicles with up to 90 per cent financing“.
Explaining further, Vice President, Kia Nigeria, Olu Tikolo, said:“Our core competitive edge in the auto industry is the offering of best-in-class vehicles at an affordable price and we are delighted to partner with Autochek to make owning the Kia range of vehicles easily accessible via their website or mobile applications and equally affordable with flexible payment options”.
Also speaking at the event, Autochek Africa’s Chief Operating Officer, Timi Tope Ologunoye said:“We are excited to partner with financiers and KIA to provide a brand new car loan facility. It is in response to customer feedback to democratize the purchase of brand new cars through great and affordable financing options.
“It is complemented by Autochek Africa’s residual value analysis tool that can guide financial partners on the condition of the vehicle over time“.
Marketing Manager, Kia Nigeria, Olawale Jimoh said: “This partnership represents another step forward in our strategy to ensure our customers have consistently available, transparent and competitive financing“.
He added: “Kia’s vehicles offer modern design and reliability at an affordable cost. And with our special auto finance scheme with Autochek, it’s never been easier to take home your very own brand new Kia by only visiting the Autochek platform website or their mobile application.”
In her submission, Mayokun Fadeyibi, Autochek SVP, West Africa said the partnership has democratise the process and “returning power back to customers“.
According to Mayokun, the process is now competitive and pushing down interest rate with the posibility of show room loan desk soon.
City Business News report that the partnership also offers variety of financing options from banks with diverse interest.
Autochek explained that facilitating financing for new cars, like Kia, is part of the company’s vision to unlock a new frontier of automotive fintech and cement its position as the most innovative auto loan platform in the region.
