KEY POINTS

• CIG Motors and FCMB announce partnership to provide flexible auto loans for GAC Purchase.
• With repayment terms of up to five years, customers can take loans of up to N70 million.
• The packaging included a registration, service packages, fuel voucher and warranty.

With the intent of making vehicle ownership easier and more attainable for individuals and corporate organisations in Nigeria, CIG Motors has partnered with First City Monument Bank (FCMB).

It was during the CIG Motors Grand Auto Fair where the partnership was launched, which features a flexible and affordable financing scheme that allows customers to access auto loans of up to N70 million for the purchase of brand new GAC Motor vehicles.

The partnership offers loan repayment for up to five years, as well as free vehicle registration, a one year service package, a fuel voucher worth N600,000, a five year or 150,000km warranty and free accessories like fire extinguishers and foot mats.

Jubril Arogundade, Executive Director of CIG Motors, speaks about future mobility. “With this new partnership, we are charting towards a future where Nigerians can enjoy world class mobility and reach their dreams.”

Furthermore, combining CIG Motors’ proficiency in automotive brilliance with FCMB’s sustained financial solutions, we’re creating economic reinvention and facilitating dreams.”

FCMB’s easy vehicle ownership offer

Speaking at the MoU signing ceremony, Mrs. Yemisi Edun, MD, FCMB emphasized how the partnership offers a solution for challenges usually faced by first time car buyers when acquiring vehicles.

Commenting, Mrs. Edun, represented by Mr. Emmanuel Comla, FCMB’s National Head of Sales, said she was proud to be partnering with the bank ‘to turn the cherished life milestone of auto ownership into a seamless, delightful and empowering experience for customers.’

She also pointed out that they partnered to make the process of vehicle acquisition stress free and hope more Nigerians will be able to own their choice of car with ease.