In an exciting development for prospective car owners, Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has teamed up with CIG Motors, the company behind the renowned GAC Motors brand, to make vehicle ownership more accessible. The partnership, formalized at the GAC G-Style showroom, is designed to simplify the process of acquiring a brand-new vehicle. With a flexible repayment structure and an exclusive 10% discount on all vehicle purchases made within the next 12 months, this initiative promises to deliver exceptional value.
Adding to the benefits, CIG Motors is offering a five-year warranty on all GAC vehicle models, ensuring peace of mind for customers. Customers can also take advantage of Stanbic IBTC Bank’s Vehicle and Asset Finance (VAF) product, which provides tailored incentives to make car ownership seamless and affordable. This collaboration arrives at a time when many individuals and businesses are exploring cost-effective ways to own vehicles.
Jubril Arogundade, Executive Director of CIG Motors, expressed enthusiasm for the partnership:
“Through this collaboration, Nigerians are assured of a premium, hassle-free experience in owning brand-new vehicles that cater to their preferences. Leveraging our expertise in the automobile sector, combined with Stanbic IBTC Bank’s robust Vehicle and Asset Finance scheme, we’re creating equal opportunities for individuals and businesses to own vehicles without stress or worry.”
CIG Motors, known for its cutting-edge vehicle designs and unwavering reliability, has positioned this scheme as an attractive option for both private individuals, including the self-employed, and businesses looking to expand their fleets.
During the launch event, Olu Delano, Executive Director of Personal & Private Banking at Stanbic IBTC Bank, highlighted the impact of the collaboration:
“This partnership empowers our customers by enhancing their purchasing power, giving them access to a wide range of brand-new vehicles from CIG Motors. It also underscores our commitment to driving economic growth within the communities we serve.”
He further added:
“The collaboration between Stanbic IBTC Bank and CIG Motors represents a growing synergy between financial institutions and automobile manufacturers, aimed at improving customer satisfaction and loyalty.”
As Nigeria’s automotive market evolves, partnerships like this are pivotal in transforming the car-buying experience. By combining high-quality vehicles with tailored financial solutions, Stanbic IBTC Bank and CIG Motors are setting a new benchmark for customer-centric innovations, making vehicle ownership efficient, affordable, and enjoyable.
