CIG Motors has partnered with First City Monument Bank (FCMB) to make vehicle ownership more accessible for both individuals and corporate entities through flexible and affordable financing solutions.
This partnership allows customers to access FCMB auto loans of up to N70 million, with repayment terms extending up to five years for the purchase of brand-new GAC Motors.
The auto financing scheme offers several benefits, including free vehicle registration, a complimentary service package for the first year, a fuel voucher of N600,000, a five-year or 150,000 km warranty, and additional accessories such as fire extinguishers and foot mats. Jubril Arogundade, Executive Director of CIG Motors, stated, “With this new partnership, we are moving toward a future where more Nigerians can enjoy world-class mobility and achieve their aspirations. By combining CIG Motors’ expertise in automotive excellence with FCMB’s robust financial solutions, we are fostering economic growth and enabling dreams.”
During the Memorandum of Understanding (MoU) signing ceremony in Lagos, which was part of the CIG Motors Grand Auto Fair, Mrs. Yemisi Edun, Managing Director of FCMB, emphasized that the partnership provides a unique opportunity for customers to fulfill their dreams of vehicle ownership.
Represented by FCMB’s National Head of Sales, Mr. Emmanuel Comla, she remarked, “This initiative eases the challenges often associated with acquiring a vehicle, turning this cherished life milestone into a smooth and enjoyable experience. As a responsive institution, we ensure that our customers, including first-time vehicle buyers, can now own the car of their choice without hassle, thanks to this partnership.”
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