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Globe Motors partners Stanbic IBTC on auto finance scheme



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IN order to make vehicles ownership easier and stress free, frontline vehicles distributor and auto solutions provider, Globe Motors, has unveiled an Auto Finance campaign in collaboration with Stanbic IBTC bank.

The scheme which has already taken off, and targeted at potential Hyundai customers, offers prospective buyers the opportunity to make as low as 10% down payment for any model of Hyundai and walk away with the car, with the balance payment spread over a 60 months period.

Managing Director of Globe Motors, Mr. Victor Oguamalam who led a team of Globe Motors officials and senior managers of Stanbic IBTC bank to brief the press at the Globe Motors showroom on Akin Adesola street, Victoria Island, Lagos, said the finance scheme was put together to offer convenience to customers.

According to him, “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 added that “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”.

The Managing Director 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) such as Accent, Elantra, Sonata Santa Fe, etc.

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Oguamalam further stated 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, added that 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 added that “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.