Innoson Motors Announces Autofinance Plan With Monthly Payment for New Cars

Nigeria’s premier indigenous car manufacturer, Innoson Motors, may have taken steps to respond positively to criticisms of the prohibitive cost of its vehicles for the average Nigerian.

Information newly published on the website of the car manufacturer indicates it has entered into an agreement with a major Nigerian bank for an auto finance plan that would allow customers of Innoson Motors purchase vehicles and spread payments over a three-year period.

In the wake of renewed calls for patronage of locally manufactured products riding on the social media trend, #BuyNaijaToGrowTheNaira spearheaded by Senator Ben Murray-Bruce, there were complaints that average workers could not afford to pay for the cars advertised by Innoson.

“With the partnership between Innoson Vehicle Manufacturing and Sterling Bank, through the Auto Finance Plan, you can now own a brand new car from Innoson and pay with ease.

“The repayment period is spread out over 36 months (3 years) allowing you the ease to pay the corresponding monthly amount for the particular vehicle you choose,” the car manufacturer indicates on its website.

According to the company, to benefit from the autofinance policy, intending customers only need to choose a preferred vehicle and contact Innoson Motors for a proforma invoice for the preferred vehicle. The invoice will thereafter be taken to the partnering bank for auto finance processing.

A down payment will be requested following which the vehicle will be delivered to the buyer anywhere in Nigeria.

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Story: Innoson Motors