Executive Motoring

Globe Motors Hyundai dealership unwraps auto finance scheme

by Mike Ochonma

May 4, 2016 | 12:00 am
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In a move to make vehicles ownership easy and stress free, Globe Motors in collaboration with Stanbic IBTC bank, have unveiled an auto finance campaign targeted at potential Hyundai customers. The multi-brand automobile dealership recently added the Korean brand into its business.
The package is offering prospective buyers the opportunity to make as low as 10 per cent down payment for any model of Hyundai, with the balance payment spread over a period of 60 months. Victor Oguamalam, the managing director of Globe Motors, said the finance scheme was put together to offer convenience to customers.
Reacting on the new marriage of convenience between the duo, the general manager, Globe Motors, (Hyundai brand), Mohan Wasnani, said the auto company would offer its customers warranty of three years or 100,000 kilometres for all models as well as free three services after the purchase of the vehicle.
The campaign, which was for an initial three-month period, would cover all models of Hyundai vehicles such as Hyundai passenger and commercial vehicles as well as Sports Utility Vehicles.
Meanwhile, Hyundai Motor Company, operating the world’s largest integrated automobile manufacturing facility in Ulsan, South Korea, has an annual production capacity of 1.6 million units.
In his words, “We believe that with the partnership of Globe Motors, providing quality products and services that of Hyundai Manufacturing, churning out highly acceptable vehicles, and Stanbic IBTC, the leading auto finance provider in Nigeria, it is bound to be a success, as the customer is the ultimate beneficiary.”
He also said, “Because we recently added Hyundai to the other brands we’re already marketing, we decided to launch this campaign to “deserving and willing customers who want to own and drive Hyundai vehicles.”
Under the finance scheme, all that a customer needed to do was to walk into any branch of Stanbic IBTC Bank nationwide or any Globe Motors’ showroom in any part of the country and effect the necessary documentations.
The firm said it had over 30 years’ experience in Nigeria’s auto market, adding that it was proud to do business with Hyundai, which was currently rated the fourth largest vehicle manufacturer in the world.
Ifeanyi Ogbor, Stanbic IBTC Bank’s Head of Vehicle and Asset Finance, said his company believes in the credibility of Globe Motors and with its over 10 years’ experience in auto financing in Nigeria, adding that it was open to offer financing to corporate entities, small and medium enterprises as well as individuals.
Mike Ochonma

by Mike Ochonma

May 4, 2016 | 12:00 am
  |     |     |   Start Conversation

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