CIG, Polaris Bank sign deal for auto financing consumer credit
CIG Motors, the exclusive distributor of the award winning GAC brand, has signed a partnership deal with Polaris Bank that will make vehicle acquisition and ownership less stressful and affordable to Nigerians via a scheme tagged ‘Easy Buy’. The ‘Easy Buy’ scheme is open to all across the country.
The bank and the auto giant announced the scheme last Friday at a joint media briefing in Lagos with improved incentives that will afford customers and prospects the opportunity to acquire affordably priced brand new vehicles.
Diana Chen, chairman, CIG, advised prospective auto patrons to seize the opportunity of the scheme and acquire brand new automobiles that can stand the test of time.
According to her, the scheme has been launched because, “we want more and more people to buy new cars in Nigeria and this will benefit the owners, the industry and the country.”
Segun Opeke, executive director, Lagos business, Polaris Bank, who signed the ‘Easy Buy’ scheme MoU between Polaris Bank and CIG Motors, expressed delight at the partnership between the bank and the auto giant, which he observed will make brand new vehicle acquisition and ownership seamless for Nigerians.
“We appreciate management of CIG Motors for this partnership, as we reiterate that Polaris Bank Easy Buy Scheme offers the most valuable and seamless auto finance opportunity for those who wish to acquire and own brand new cars, effortlessly,” Opeke enthused.
Giving details of the auto finance plan, Adebimpe Ihekuna, group head, products and market development, Polaris Bank said, “The Easy Buy scheme is a seamless plan for desiring customers – Individual and SMEs.” Leveraging our technology capability, processing time is swift, less than 24 hours.”
Ihekuna further noted that the ‘Easy Buy’ scheme is to give Polaris Bank customers the opportunity to secure low-interest bank credit for the procurement of a hugely-discounted CIG Motors’ GAC range of vehicles.
“You can now walk into any Polaris Bank branch to apply for credit to buy your choice GAC cars and thereafter, pay conveniently,” she affirmed.
On his part, the general manager, sales, CIG Motors, Jibril Arogundade, said, “The partnership with Polaris Bank is in line with our strategy and direction of making vehicle acquisition, a seamless experience for Nigerians and essentially to assist prospective customers to buy brand new vehicles.
“The Polaris Bank/CIG Motors partnership is intended to ease vehicle acquisition and assist customers to take advantage of the offer. What we are simply doing, is to help prospective buyers eliminate the burden of sourcing funds in one fell-swoop to buy a new car,” he added.
Both establishments brokered the agreement in Lagos to ease challenges associated with securing low interest bank credit to acquire choice cars. The two organisations explained that the ‘Easy Buy’ scheme has a convenient monthly repayment tenor of up to 60 months.
While also adding that there is a 0 % interest freeze between 6-12 months on the GAC Motors models, and it will apply from date of funds disbursement of the ‘Easy Buy’ scheme which customers would enjoy in addition to free comprehensive insurance for the first year, free vehicle registration and five years’ warranty, among other mouth-watering benefits.
The auto scheme offer which is applicable to GAC models including, GA4, GS3, GN8, GS4 and GS8 models can be accessed in all CIG Motors accredited dealers nationwide.