Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has partnered with CIG Motors to ease new vehicle ownership for customers this season.

The partnership, formally signed at the GAC G-Style showroom, aims to simplify the rigorous process of owning a brand-new vehicle with a flexi-repayment structure and a 10 per cent discount rate on all vehicles purchased within 12 months.

A statement from the bank on Wednesday said that as part of this collaboration, CIG Motors is also giving a five-year warranty on all its GAC vehicle models and providing incentives to customers purchasing through the Stanbic IBTC Vehicle and Asset Finance product.

Executive Director, CIG Motors, Jubril Arogundade, expressing delight at the partnership, said, “Through this partnership, Nigerians are guaranteed to experience a premium and hassle-free process in owning brand new vehicles that suit their taste. CIG Motors’ expertise in the automobile sector, enhanced by Stanbic IBTC Bank’s Vehicle and Asset Finance scheme, will allow equal opportunity for customers to own cars without stress or worry.”

The scheme is open to individual Nigerians (including the self-employed) and businesses seeking to expand their fleets.

During the event, Executive Director, Personal & Private Banking, Stanbic IBTC Bank, Olu Delano, emphasised, “The collaboration enhances the purchasing power of our customers, enabling them to access a broad range of brand-new vehicles under CIG Motors. It also highlights our commitment to fostering economic growth in the communities we serve.

Stanbic IBTC Bank and IG Motors’ collaboration illustrates a broader trend of growth between financial institutions and automobile manufacturers.”

As the automotive market expands, collaborations like Stanbic IBTC Bank and CIG Motors are crucial for promoting customer satisfaction and fostering loyalty. The combination of quality vehicles and favourable financial solutions is set to transform the car-buying experience, making it efficient and enjoyable.