^{Inchcape Kenya and NCBA Bank Partner to Make Changan Ownership Easier}

^{On 4th June 2024, Inchcape Kenya entered into a partnership with NCBA Bank through a Memorandum of Understanding (MoU) for an asset financing campaign that will provide exclusive financing options for Changan, BMW, Jaguar, and Land Rover vehicles.}

^{Under the initiative, customers will have access to the following financing options:}

• ^{Up to 90% of the vehicle's value}
• ^{Maximum Repayment Period: Up to 60 months (5 years)}
• Repayment Moratorium: 60-day repayment moratorium post-vehicle release
• ^{Processing Fees: 1.5% of the loan amount}
• ^{Interest Rate: 20.6% per annum}

^{All PSVs will be reviewed in accordance with the terms in existing policies. Additionally, all vehicles financed under this scheme will be insured through NCBA Bancassurance Intermediary Limited, ensuring peace of mind and security for customers.}

^{Speaking at the launch, the NCBA Bank Group Managing Director, Mr John Gachora, said: “We are thrilled to enter into this partnership with Inchcape Kenya today. This partnership underscores our commitment to provide innovative solutions in asset finance to benefit our customers. This partnership opens up new opportunities for customers to own premium vehicles from renowned brands like Jaguar, Land Rover, BMW, and Changan.”}

^{Commenting on the partnership, Julia Vershinskaya, MD, Inchcape Kenya, said: “We are delighted to partner with NCBA to offer our customers exclusive financing options that make owning a premium vehicle more attainable. This initiative is a testament to our shared vision of enhancing customer experience and satisfaction.}

^{Inchcape Kenya offers a wide range of vehicles for customers to choose from. From light commercial vehicles with fuel-efficient engines and affordable SUVs from the Changan Brand. Customers can also purchase from the BMW and the JLR model lineup with ease because of this partnership. For peace of mind, the vehicles come with a warranty, dedicated after-sales support, and a free tank of fuel in addition to financing.”}

^{The partnership between Inchcape Kenya and NCBA Bank provides customers with an opportunity to access financing for a diverse range of vehicles while benefiting from Inchcape Kenya's portfolio of Changan, BMW, Jaguar and Land Rover vehicles.}

^{The initiative reflects the shared commitment of both organizations to enhancing the customer experience and making vehicle ownership more attainable through tailored financing solutions.}

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