Close button
The Guardian
Email YouTube Facebook Instagram Twitter WhatsApp

Firm eases vehicle financing burden with price comparison, insurance tools


Gbenro Dara

Pioneering digital marketplace for cars in Nigeria, has announced a major advancement in its long term plan of making the car buying process easy for Nigerians.

This follows the successful launching of the first set of products that is primarily aimed at improving the car buying experience among Nigerians.

The two financial technology products which were launched in the first and second quarter of this year are the Cheki Finance; a quick car loans service called Cheki Finance, and the Cheki True Price which is car price comparison tool.


Among other imperatives, the Chief Executive Officer of the company, Gbenro Dara, said the Cheki Finance aims at easing the financial burden of acquiring both new and used car in Nigeria.

Under this arrangement, car buyers can apply for loans to purchase cars being sold on, and this can be done at the click of a button. Besides, Cheki True Price aims to foster price transparency and help car buyers get value for the money they intend to spend on acquiring cars.

True Price shows the price range that a car falls within and goes on to compare this price range with the price that a car seller is asking. This proves to be a valuable tool for car shoppers as it helps them get value for their money.

“Our strong commitment to customer-centricity is what has allowed us to remain a top player in Nigeria’s automotive market for almost a decade. In furtherance of our efforts, we are investing more in technology solutions that help our users to overcome the most prevalent challenges as regards car acquisition” Dara said.

Cheki Finance is a car loan service designed to effectively meet the financing needs of car buyers in the country. This service aims to provide car buyers with quick car loans for the purchase of Nigerian used cars, foreign used (Tokunbo) cars, or brand new cars that are available on its website;

Cheki is offering the exciting car loan service in collaboration with top-rated financial institutions in Nigeria at a very conducive terms and conditions and convenient interest rates.

Giving more details about the company’s background, Marketing Campaign Manager, Ikenna Oyenta, said the company is a digital marketplace for quality vehicles.

The platform provides car buyers with a wide variety of quality cars and supports car purchasing with a range of supplementary services that include car loans, insurance, and car buying concierge. also provides private car sellers and car dealerships of all sizes with qualified leads and buyers. The company has been in the business of providing intermediary services to prospective vehicle buyers in the past six years.

Receive News Alerts on Whatsapp: +2348136370421

No comments yet