Bank of Africa Kenya partners with automotive distribution company, Inchcape

Bank of Africa Kenya has partnered with automotive distribution, retail and services company Inchcape in a move aimed at enhancing Chinese automotive company Changan’s foothold in the Kenyan market.

As part of the deal, Bank of Africa Kenya will provide financing options of up to 90% for 60 months with 0% processing fee for the new Changan models. The financing package is tailored to meet the diverse needs of Kenyan customers, ranging from SMEs requiring light commercial vehicles to individuals seeking reliable transportation for daily use and adventures.

“Our collaboration with Inchcape Kenya marks a significant milestone in our mission to enhance financial accessibility and convenience for our customers. We are proud to offer a range of vehicle financing options that not only meet our customers’ economic needs but also empower them to achieve their aspirations.”Said Bernice Murigi, Head of Asset Finance at Bank of Africa Kenya.

Julia Vershinskaya, Managing Director of Inchcape Kenya, highlighted the diverse range of vehicles available under the Changan brand, including fuel-efficient light commercial vehicles and affordable SUVs.

“Inchcape Kenya is committed to offering high-quality vehicles backed by warranty, dedicated aftersales support, and a complimentary fuel tank. With this partnership, customers can access financing solutions that make owning a vehicle hassle-free and more affordable.”S tated Vershinskaya.

Bank of Africa Kenya will also provide insurance premium financing for qualifying customers, repayable over 10 months in an initiative aimed at enhancing customers’ financial security while spreading the cost of insurance over a manageable period.