…Ursic says the agreement opens the doors to a new car for the emerging middle class of aspiring young professionals and families who will be able to get on the road and their broader horizon.

By Francis Maingaila

Lusaka (29-09-22-Zambia24) – CFAO Motors Zambia road and Limited, the country’s largest car distributor has signed a car ownership agreement with one of Zambia’s leading financial institutions, Stanbic Bank Zambia.

CFAO Motors national sales and Marketing Manager Andreja Ursic told journalists at a media briefing this morning that the partnership is dependent on Stanbic Zambia’s generous offer of interest rates starting at 18% which is at its lowest in recent years in combination with Toyota vehicles that cater for the urban lifestyle.

Ursic said the agreement opens the doors to a new car for the emerging middle class of aspiring young professionals and families who will be able to get on the road and broaden their horizons.

He said the promotion will cover the company’s medium-range vehicles such as the latest starlet the all-new belta Rumion, Corolla Cross, and Auto mark quality pre-owned vehicles.

“The new financing option bridges the gap between the dream and the reality. It brings the aspiration of car ownership closer by enabling people to get a foot on the car ownership ladder,” he said.

He said this is particularly important from the point of the families where safety provided by the new or quality used plays a vital role.

He suggested that 100% of used and new vehicles value could be financed by Stanbic and this option will benefit the customers by being able to afford a new car or quality used one whilst keeping the capital for other money-making ventures.

He said this will also offer them mobility safety and reliability dreamt off and will open a new world of possibilities for the beneficiaries for the clients and business partners, including families.

And speaking at the same briefing head of vehicles and asset financial at Stanbic Bank Horis Mainza said the bank is the most flexible financing option on the market.

According to Mainza, the bank is the leading vehicle and asset financing bank in Zambia and will be offering competitive pricing and flexible financing terms to the market.

He said the bank has assigned representatives that will work closely with CFAO personnel to ensure that customers get the best possible services and acquire their dream vehicle under innovative facilities.

“This demonstrates the valued partnership with CFAO where we are committed to providing market access to brand new and used vehicles under flexible and affordable payment terms,” he said.