Inchcape Kenya Partners with Bank of Africa to Drive Changan Vehicle Ownership

Nairobi, 9 May 2024, Inchcape Kenya partnered with Bank of Africa Kenya in a move aimed at enhancing Changan’s foothold in the Kenyan market and making vehicle financing more accessible to customers.

As part of the partnership, Bank of Africa Kenya will provide financing options of up to 90% for 60 months, with a 0% processing fee, for 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.

Commenting on the partnership, 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,” stated Vershinskaya.

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

The partnership provides customers with greater access to financing options for new Changan models while supporting the growing presence of the Changan brand in the Kenyan market.

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