Hyundai Motors Nigeria Partners Access Bank, Launches ‘Buy Now, Pay Later’ Finance Scheme

Hyundai Motors Nigeria (HMNL), in collaboration with Access Bank plc, launches ‘Buy Now, Pay Later’ finance scheme.

It is aimed at encouraging customers to buy new Hyundai vehicles using convenient bank credit with low interest rates.

Hyundai models covered by the scheme includes the Accent, Elantra, Sonata, Kona, Creta, Santa Fe, Tucson SUV and the H1 bus.

Salary Earners, Business Entrepreneurs and corporate customers can all apply for the scheme.

The finance scheme has a flexible payment plan for up to 4 years, with monthly repayment as low NGN200,000.

Customers will be offered labour free service for six months or 10,000kms (whichever is first).

The service will also offer customers a warranty of five years or 100,000km (whichever is first).

Hyundai Motors Nigeria Limited (HMNL), in collaboration with the Access Bank PLC, have launched a new vehicle finance scheme that allows customers to buy brand new Hyundai vehicles and commence payment after three months.

The new vehicle scheme, called ‘Buy now, pay later’, is aimed at encouraging Salary Earners, Business Entrepreneurs and corporate customers, to buy new Hyundai vehicles using convenient bank credit with low interest rates.

According to the two companies, Hyundai models covered by the scheme includes the Accent, Elantra, Sonata, Kona, Creta, Santa Fe, Tucson SUV and the 12-seater H1 bus.

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While announcing the scheme in Lagos, Hyundai Motors Nigeria Limited and Access Bank Plc, said the scheme has a flexible payment plan for up to 4 years, with monthly repayment as low NGN200,000.

The services will also offer customers labour free service for six months or 10,000kms (whichever is first) and warranty of five years or 100,000km (whichever is first).

It said :

“Both establishments brokered this agreement in Lagos at the launch of the scheme aimed at easing challenges associated with accessing low-interest bank credit to procure choice cars.

“The credit initiative is a seamless plan for desiring patrons and fleet managers to access low interest bank credit for the procurement of discounted Hyundai vehicles without necessarily paying commitment and management fees.”

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The statement quoted Head of Sales at Hyundai Motors Nigeria, Gaurav Vashisht, as saying :

“The joint credit initiative is in line with Hyundai’s strategy and direction of making vehicle acquisition a seamless experience and essentially assists prospective customers to buy new Hyundai vehicles and experience Hyundai inspiring technology.

“The offer was intended to ease vehicle acquisition and assist customers including those without functional account with Access Bank to access the facility.

“What we are simply doing is to help prospective buyers starve-off the burden of sourcing funds in one fell-swoop to buy a new car. You can now walk into any Access Bank branch to apply for credit to buy your choice car and thereafter, pay conveniently.”

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