NCBA and CFAO Motors Kenya have announced a groundbreaking partnership that promises to revolutionize the accessibility of new and pre-owned vehicles for consumers.
The collaboration, aimed at realizing CFAO Motors' vision to be the preferred mobility solution provider, will offer customers up to 100 per cent financing at highly competitive rates.
CFAO Motors, a key player in the mobility solutions sector, will extend this unique financing offer across a diverse range of vehicles, catering to both personal and commercial needs.
This includes everything from personal vehicles to commercial trucks and buses, providing an extensive array of options for potential buyers.
A notable feature of this partnership is the trade-in facility offered by CFAO Motors Automark brand, facilitating vehicle upgrades for those looking to switch to newer models.
Additionally, SMEs, large businesses, PSV operators, and learning institutions will benefit from flexible and affordable repayment terms.
These terms include a generous 90-day repayment holiday and repayment periods of up to 72 months.
Lennox Mugambi, NCBA Group Director of Asset Finance and Business Solutions, emphasized the customer-centric approach of the partnership, stating, "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."
Mugambi acknowledged the economic challenges facing Kenyans and highlighted the importance of strategic partnerships to make vehicle ownership more convenient and affordable.
The collaboration with CFAO Motors is a testament to NCBA's dedication to meeting the evolving needs of consumers in challenging economic times.
Daniel Maundu, CFAO Motor Kenya General Manager – Vehicle Sales, expressed the significance of the partnership in realizing the company's long-term agenda.
"The coming to fruition of this agreement aligns with our long-term agenda to leverage partnerships geared towards providing true value to our customers," Maundu remarked.
He emphasized the commitment to keeping the consumer at the heart of their endeavours, in line with their vision to be the preferred partner for mobility solutions.
To further enhance customer convenience, NCBA introduces a streamlined process for financing requests.
Customers can easily request financing through the NCBA online application portal, boasting a record 24-hour turnaround time, ensuring a swift and efficient experience for individuals eager to explore the possibilities of vehicle ownership through this transformative partnership.
As the collaboration takes shape, it reflects a commitment from both NCBA and CFAO Motors to create a seamless and accessible pathway for Kenyans to acquire a diverse range of motor vehicles, addressing their mobility needs comprehensively.