Nigeria: GAC Motors, Union Bank Partner to Unveil New Vehicle Finance Scheme dubbed “Drive Now, Pay Later”

By MWorld Team Mar 30, 20230

An automobile manufacturing company, GAC Motors has partnered with Union Bank to unveil a new vehicle finance scheme which will enable Nigerians have access to personal and emergency mobility.

Under the Drive Now, Pay Later Scheme, Nigerians will be able to purchase the latest models of GAC vehicles at a discounted price with a reduced interest rate.

The partnership signing event by the two organizations which took place at the Union Bank Head Office in Lagos Island was attended by the top Management of Union Bank, CIG Motors, and the media.

According to the companies, the partnership will provide Nigerians with access to some of the most advanced and stylish vehicles in the market, including the popular GA4, GS3, GS4 & GS8 models. These vehicles are renowned for their sleek design, advanced technology, and superior performance, making them a popular choice among car enthusiasts. Nigerians will be able to own a GAC Motor Vehicle.

“We are thrilled to partner with Union Bank on this landmark project,” said Diana Chen, the Chairman of CIG Motors & GAC Motor Nigeria. “This partnership represents a significant milestone in our efforts to expand our operations in Nigeria and support the government’s drive to promote local manufacturing.”

In addition to promoting local manufacturing, the partnership with Union Bank will provide flexible financing options for customers, making it easier for them to own a GAC Motor vehicle. Customers can enjoy affordable financing rates, convenient repayment terms, and a hassle-free loan application process.

“This partnership is a significant milestone for Union Bank as we continue to fulfil our promise to our valued customers,” said Mudassir Amray, the Managing Director of Union Bank. “We have worked closely together to ensure that these cars’ financing terms and overall pricing are the most competitive in the market. We are thrilled to offer our customers access to world-class cars that are reliable, stylish, and technologically advanced.”

“We believe that this partnership will serve to benefit everyone,” said Chen.

“Together, we can deliver world-class service and support, unparalleled quality, and innovative solutions to meet all business requirements.”