CIG Motors, Stanbic IBTC Bank to facilitate affordable vehicle ownership

In a significant development for individuals looking to acquire new automobiles, CIG Motors has partnered with Stanbic IBTC Bank to aid easy ownership of vehicles.

The partnership, formally signed at the GAC G-Style showroom, aims to simplify the rigorous process of owning a brand-new vehicle with a flexi-repayment structure, and a 10 per cent discount rate on all vehicles purchased within 12 months.

As part of this collaboration, CIG Motors is also giving a five year warranty on all its GAC vehicle models. The partnership will also provide incentives to customers purchasing through the Stanbic IBTC Vehicle and Asset Finance (VAF) product. This initiative comes at a time when many individuals and families are seeking affordable ways to own cars.

Executive Director, CIG Motors, JubrilArogundade, expressed delight at the partnership, stating that: “Through this partnership, Nigerians are guaranteed to experience a premium and hassle-free process in owning brand new vehicles that suit their taste.

“CIG Motors’ expertise in the automobile sector, enhanced by Stanbic IBTC Bank’s Vehicle and Asset Finance (VAF) scheme, will allow equal opportunity for customers to own cars without stress or worry,” he added.

The scheme is open to Nigerians, self-employed and businesses seeking to expand their fleets.

The Executive Director, Personal & Private Banking, Stanbic IBTC Bank, Olu Delano, emphasised that: “The collaboration enhances the purchasing power of our customers, enabling them to access a broad range of brand-new vehicles under CIG Motors. It also highlights our commitment to fostering economic growth in the communities we serve.

“Stanbic IBTC Bank and CIG Motors’ collaboration illustrates a broader trend of growth between financial institutions and automobile manufacturers,” he added.