By Dipo Olowookere

Stanbic IBTC Bank has announced a promotional offer that allows its customers to enjoy an exclusive six per cent discount on all Chery vehicles purchased from Carloha.

A statement made available to Business Post disclosed that customers of the banking institution will also get an additional four per cent discount on Tiggo 2 and Arrizo 5 brands bought during the campaign, which started on Sunday, December 1, 2024, and will end on Friday, February 28, 2025.

This has been made possible as a result of the partnership officially signed by both organisations on Wednesday, December 18, 2024, in Lagos.

The strategic collaboration with Carloha, a reputable auto showroom specialising in the retail sale and after-service of the Chery brand of vehicles, is expected to provide exceptional value to customers looking to purchase quality vehicles.

Stanbic IBTC came up with this idea through its Vehicle and Asset Finance (VAF) product designed to provide flexible and convenient payment options to customers.

The partnership represents a shared vision between Stanbic IBTC Bank and Carloha for outstanding service and customer satisfaction and a commitment to advancing the automotive industry in Nigeria.

“This collaboration strengthens our commitment to offering unique opportunities that cater to the diverse financial needs of our customers.

“We are dedicated to enhancing the car-buying experience by providing tailored financial solutions that simplify the process.

“We believe this initiative will greatly benefit individuals searching for a trusted and stylish vehicle, empowering them to make informed investment decisions while benefiting from our banking services,” the Head of Products, Personal and Private Banking at Stanbic IBTC Bank, Mr Taiwo Ala, commented.

Also, the Sales Director of Carloha Nigeria, Mr Joseph Omokhapue, said, “By partnering closely with Stanbic IBTC Bank, we can provide our customers with a unique financing solution that improves both the accessibility and affordability of quality automobiles. Our steadfast commitment to customer satisfaction guides every aspect of our services.”

Carloha Nigeria has established a strong reputation for its comprehensive online and offline services, focusing on selling quality vehicles.

By leveraging state-of-the-art technology, Carloha guarantees a seamless experience for customers looking for reliable automotive options.

The company’s commitment to excellence is backed by ongoing training, research, and development, reinforcing its dedication to superior service delivery.

In Dubai, the city of high life, large roads, and costly automobiles, different types of cars are up for sale, both new and used. Flashy sports cars and high-end luxury cars might have stolen the limelight, but one important concern of many car drivers in Dubai is fuel efficiency. Choosing fuel-efficient used Ford cars in Dubai is a smart financial and ecological decision. In conclusion, with increasing fuel prices and high focus on sustainability, the act of buying a fuel-efficient used car in Dubai has massive benefits in the long run.

Why Buy a More Fuel-Efficient Secondhand Car in Dubai?

The reasons why you should consider a fuel-efficient used car when purchasing in Dubai are:

Save on Fuel Costs

The major reason to opt for a fuel-efficient car in Dubai would be the possibility of saving on fuel costs. Since the prices of fuel just seem to be continuously fluctuating, especially in the UAE, having a car with excellent mileage can make quite a difference in your monthly expenses.

Dubai is a big city, and it often involves long commutes to get to another part of town. Be it driving across the city to get to work or taking weekend trips across the UAE, a fuel-efficient car saves on fuel money. Cars averaging 15 km/l or more will save hundreds of dirhams annually compared to less efficient models. In a city where fuel prices remain a major consideration, the wise thing to do will be to choose a vehicle that uses less fuel.

Low Operating Costs

Fuel-efficient vehicles typically have smaller engines, which means lesser wear and tear on the engine in the long run. This usually means lower operating costs. As fuel-efficient vehicles are often built to last, the chances of their owners needing to deal with high-priced repairs are also limited.

Besides, many fuel-efficient cars have longer oil change intervals and fewer mechanical problems in general, which will save you money on routine maintenance. This is even more important when purchasing a used car, because while the initial cost of the car may be lower, you can make up for the reduced price by paying less in fuel and maintenance.

Adaptation to Dubai’s Driving Environment

For long and well-maintained highways in Dubai, the length of the way naturally leads to higher speeds. Fuel efficiency could make all the difference under such conditions. Designed for longer commutes and optimized fuel consumption, the difference these vehicles would make can only imply you get better mileage on the highway than those with thirstier vehicles at higher speeds.

Besides that, Dubai is known for heavy traffic during peak hours, and fuel-efficient cars perform well in stop-and-go conditions. They can maintain a good level of fuel economy even when driving in traffic, as opposed to older or larger vehicles that consume more fuel in such conditions.

Affordable Options Available in the Used Car Market

Avail the most fuel-efficient used cars in Dubai and get an affordable vehicle that will still help you enjoy the benefits of good mileage. The used car market in Dubai is very active, and a number of reputed dealers have cars that are not only economical but also reliable and well-maintained.

You can find quality Ford Mustang for sale in Dubai along with other leading brands like Toyota, Honda, Mazda, and Hyundai. Each offers great fuel economy at the most competitive prices. The desire to lower overall expenses from car ownership has encouraged more people to buy a used fuel-efficient car, as this does not require sacrificing quality for price. For the best deals on second hand cars, OneClickDrive is the go-to place.

By Aduragbemi Omiyale

A partnership has been entered into between Stanbic IBTC Bank and CIG Motors to make it easier for Nigerians to acquire automobiles this season.

This comes at a time when many individuals and families are seeking affordable ways to own cars.

This deal will also provide incentives to customers purchasing through the Stanbic IBTC Vehicle and Asset Finance (VAF) product.

As part of this collaboration, CIG Motors is also giving a five-year warranty on all its GAC vehicle models.

It was gathered that the aim is to simplify the rigorous process of owning a brand-new vehicle, with a flexible-repayment structure, and a 10 per cent discount rate on all vehicles purchased within 12 months.

As the automotive market expands, collaborations like Stanbic IBTC Bank and CIG Motors are crucial for promoting customer satisfaction and fostering loyalty. The combination of quality vehicles and favourable financial solutions is set to transform the car-buying experience, making it efficient and enjoyable.

“Through this partnership, Nigerians are guaranteed to experience a premium and hassle-free process in owning brand new vehicles that suit their taste.

“CIG Motors’ expertise in the automobile sector, enhanced by Stanbic IBTC Bank’s Vehicle and Asset Finance (VAF) scheme, will allow equal opportunity for customers to own cars without stress or worry,” an Executive Director at CIG Motors, Jubril Arogundade, said.

Also, the Executive Director for Personal and Private Banking at Stanbic IBTC Bank, Mt Olu Delano, said, “The collaboration enhances the purchasing power of our customers, enabling them to access a broad range of brand-new vehicles under CIG Motors. It also highlights our commitment to fostering economic growth in the communities we serve.

“Stanbic IBTC Bank and CIG Motors’ collaboration illustrates a broader trend of growth between financial institutions and automobile manufacturers.”

CIG Motors is a renowned automobile company known for cutting-edge designs and reliable automobile brands. The scheme is open to individuals Nigerians (including the self-employed), and businesses seeking to expand their fleets.