Sterling Bank, Coscharis partner on e-commerce, vehicle financing
Coscharis Motors Plc has partnered Sterling Bank Plc towards on-boarding its vehicles on the bank’s Non-Interest Banking Division platform, AltDrive.
According to a statement from Coscharis, the objective of the partnership is to ease the road to ownership via e-commerce transaction which can be self-funded or financed by the bank.
The General Manager, Marketing and Corporate Communications, Coscharis Group, Abiona Babarinde, stated, “The primary objective of this collaboration is to provide our customers an e-commerce platform with a credible financial institution like Sterling Bank as an extension of our showrooms where they can access our robust brand portfolio which includes iconic brands like Ford, Renault, BMW, Jaguar and Land Rover at a go on one hand.
“On the other hand, the partnership offers a vehicle finance scheme, which is aimed at empowering retail and fleet buyers to purchase their choice vehicles from any Coscharis Motors outlet nationwide through a repayment plan with Sterling Bank.”
He added, “Accordingly, the scheme will allow a repayment pattern spread over a period of five years with the option of a 15 per cent to 30 per cent down payment.”
He further added that the focus was to deliver customers satisfaction given the bank’s friendly interest rate, ease of accessibility, quick turnaround time for credit processing at the bank and availability of myriads auto brands.”