Stallion Group has partnered with Access Bank, a subsidiary of Access Holdings, to make car possession extra accessible to people and companies in Nigeria by financing of up to 90 per cent of auto prices.
The partnership, introduced in Lagos, brings 10 unique automotive manufacturers and 72 fashions inside attain of consumers by Access Bank’s AutoFest initiative.
Under the association, eligible particular person consumers can entry financing of up to 90 per cent of their chosen car’s worth, with a minimal fairness contribution of 10 per cent. For fleet financing, clients are required to make an fairness contribution of between 20 and 30 per cent.
The initiative additionally gives for potential car supply inside 72 hours after fairness contribution, topic to credit score approval and completion of the required documentation.
Stallion Group, which has greater than 50 years of expertise within the automotive trade, is bringing its portfolio of worldwide manufacturers, unique producer relationships and buyer assist capabilities to the partnership.
Beyond car gross sales, the providing contains skilled servicing, optimised price of possession, real spare elements, devoted bodyshop services and producer warranties of up to six years on eligible automobiles.
Electric car consumers may profit from battery warranties of up to eight years, topic to producers’ phrases and situations.
The partnership additional gives versatile reimbursement choices extending past 4 years, giving people and companies the chance to purchase automobiles with out paying the complete buy value upfront.
According to the announcement, the collaboration combines Stallion Group’s automotive heritage and after-sales infrastructure with the monetary energy and attain of Access Bank, a part of certainly one of Africa’s largest banking teams.
