A new vehicle credit scheme introduced by Hyundai Motors in partnership with Diamond Bank is targeting to offer Nigerians a flexible approach to own brand new vehicles.

According to Hyundai, the credit scheme is in line with the organisation’s strategy and direction to make vehicle acquisition a seamless experience and poised by the National Automotive Industry Development Plan NAIDP’s aim to encourage patronage of new vehicles, particularly home made cars.

The organisation said that the scheme would run from January through February 2016, providing access to soft bank loans to procure discounted Hyundai vehicles without necessarily undergoing bureaucratic bank charges.

Christened ‘Hyundai/Diamond Dream Deal: It’s the best time to own a brand new Hyundai’, the automaker said the scheme would ease payment with 48 equal monthly installments without collateral or management fee.

Head of sales and marketing, Hyundai Motors Nigeria, Jatin Nadkarni who gave this hint at the inauguration ceremony in Lagos said the credit scheme was in line with Hyundai strategy and direction to make Hyundai vehicle acquisition a seamless experience.

He said successful customers would aside these seamless benefits, enjoy series of offers including interest as low as 14 per cent special prices; waiver of commitment and management fees, free labour and consumables for three months with one Samsung Galaxy Tab for every car purchased.

Also describing vehicle credit facility as a common practice in advanced markets, Nadkarni said the initiative was consequent upon the federal government’s NAIDP aimed at encouraging patronage of new vehicles, particularly home made cars.

The company listed some passenger and commercial vehicle models that can be procured during this bonanza as Hyundai i10, Xcent, Accent, Elantra and Hyundai H100 truck with H1 van and school bus respectively.

He dismissed risk of hidden charges in the liberal credit facility, remarking that Hyundai Motors with Diamond Bank have integrated the vehicle acquisition plan to enable many more customers including those without functional account with the bank to embrace the facility.
“The evolving needs and preferences of prospective vehicle buyers prompted this campaign, which essentially would lessen the burden of owning a serviceable car, Nadkarni said.

Also adding that the opportunity was designed to discourage patrons of used vehicle also known as tokunbo, the Hyundai Motors sales and marketing helmsman said: “I still can’t see the wisdom in patronising tokunbo cars that doesn’t come with service history let alone offering value for money; which means, inheriting the liability of a previous user at unimaginable expense.