DANA MOTORS, STERLING BANK UNVEIL 48-MONTH LEASING SCHEME

Dana Motors Limited, authorised distributor of the Kia range of vehicles in Nigeria has unveiled a new vehicle leasing scheme in partnership with Sterling Bank Plc. that will enable customers acquire Kia cars and pay over a 48-month period. The scheme is designed to provide opportunity for more Nigerians to acquire brand new cars with ease.

Explaining the reason for the partnership, Mr. Jacky Hathiramani, Managing Director, Dana Motors Limited said: 'The customers have shown unalloyed loyalty since we commenced operations. We appreciate them so much that we have designed our sales and marketing activities with the goal of giving the existing customers a satisfying

experience while attracting new ones to experience the same. We constantly evolve ways to ensure that acquiring Kia cars is easy and convenient for our customers. We understand that there are so many needs competing for the customers' resources, which is what informed this unique partnership that makes our vehicles quite affordable and easy to pay for.'

Speaking on how the scheme works Mr. Mohan Sethi, General Manager, Dana Motors Limited explained that what the customer has to do is obtain an invoice for the car of his choice from any Kia showroom nationwide and take it to any Sterling Bank branch for processing. According to him, 'Once processing is completed delivery is made on payment of only 20 percent equity of the deal value of the car while the balance is paid in low monthly instalments over a period of 48 months.' The leasing scheme covers all models of Kia vehicles from Kia sedans like the Picanto, Rio, Cerato, and Optima to sports utility vehicles (SUVs) like the Kia Sportage and the Kia Mohave.

Dana Motors Limited offers 3 years warranty or 100, 000km Kia Plus warranty on all sedans, sports utility vehicles and multi-purpose utility vehicles while the commercial vehicles come with 2 years warranty or 50, 000km. Mr. Sethi disclosed that his company would be extending the vehicle lease scheme to a number of banks in the coming weeks to ensure that the facility is available to all customers irrespective of which bank they use.