Date: December 6, 2023

NCBA and CFAO Motors ink deal to offer upto 100% vehicle financing for their range of motor vehicles

News → NCBA and CFAO Motors ink deal to offer upto 100% vehicle financing for their range of motor vehicles

Wednesday, December 06, 2023…. NCBA and CFAO Motors Kenya have today entered a strategic partnership that will see customers access up to 100% financing to purchase a wide range of new and pre-owned vehicles at very affordable rates.

In keeping with their vision to be the mobility solution provider of choice, CFAO Motors will be extending this offer to consumers across all segments from personal vehicles to commercial trucks and buses.

Among the target customers are those who would like to upgrade their vehicles to newer models which will be facilitated through the trade-in facility, courtesy of CFAO Motors Automark brand. SMEs and large businesses will be entitled to very flexible and affordable repayment terms that will offer a 90 days repayment holiday and up to 72 months repayment period. The same will apply to PSV operators and learning institutions that will enjoy competitive rates on the Hiace brand with Tour Operators getting a boost on the Land cruiser 70 series.

Speaking during the unveiling of the partnership, NCBA Group Director, Asset Finance and Business Solutions Lennox Mugambi stated that the partnership is designed to offer the best value for the customer and allow them to effectively take up the wide range of vehicles from CFAO Motors Kenya.

“We are excited with this new partnership as it reaffirms our commitment to offer a strong asset finance value proposition to our customers who are keen on owning their first vehicles or even upgrading. Given the current economic challenges, Kenyans have had to readjust their priorities and that is why as NCBA, we are constantly seeking strategic partnerships that will make vehicle ownership more convenient and affordable for all,” said Mugambi.

On his part, CFAO Motor Kenya General Manager – Vehicle Sales, Mr. Daniel Maundu noted that as one of the leading providers of mobility solutions in the country, CFAO Motors has a key role to play in creating the necessary enablers that will result in ease of access of various motor vehicle brands across the country.

“The coming to fruition of this agreement aligns with our long-term agenda to leverage partnerships geared towards providing true value to our customers. At the same time, it is also a reflection of our commitment to keep the consumer at the heart of what we do, in keeping with our vision to be the preferred partner for mobility solutions,” Mr. Maundu noted.

Customers seeking financing from NCBA will be able to conveniently make the request through the NCBA online application portal with a record 24-hour turnaround time.