Stanbic Bank Kenya has entered into a strategic partnership with CarMax East Africa, aimed at providing customers with innovative financing solutions for the purchase of pre-owned vehicles. Through this agreement, Stanbic Bank will offer up to 90% financing for customers purchasing pre-owned vehicles from CarMax East Africa, subject to credit approval.
This initiative aims to make vehicle ownership more accessible to a wider customer base by offering favorable financing terms. As part of this deal, Stanbic Bank has also waived facility fees for vehicle financing loans, further enhancing the appeal of this offer. This is expected to ease the financial burden for potential car buyers, making it easier for them to acquire quality pre-owned vehicles with minimal upfront costs.
Seamless Import Financing through MOTOKAA SHOP
Additionally, Stanbic Bank has expanded its services to include import financing solutions in partnership with MOTOKAA SHOP, CarMax East Africa’s vehicle importing arm. Customers can now visit motokaa.shop, a user-friendly online platform featuring over 50,000 vehicle options from which they can choose their desired vehicle and obtain financing from Stanbic Bank. The platform simplifies the vehicle importation process, allowing customers to conveniently select, import, and finance vehicles, all through a seamless and integrated experience.
Key Benefits for Customers:
- Up to 90% financing for pre-owned vehicles from CarMax East Africa, subject to credit appraisal.
- Zero facility fees on vehicle financing loans, reducing the overall cost of obtaining the loan.
- Access to 50,000+ vehicles via the MOTOKAA SHOP platform, with financing solutions tailored to the customer’s needs.
- A simplified process for vehicle importation, with a dedicated platform for browsing and purchasing vehicles.
Similarly, CarMax East Africa expressed enthusiasm about the collaboration, noting that the partnership with Stanbic Bank enables them to reach more customers with quality vehicles and reliable financing options.
Boosting Vehicle Ownership in Kenya
The partnership is expected to have a positive impact on the Kenyan automotive market, particularly in the pre-owned vehicle segment. Pre-owned vehicles are a popular option for many Kenyan buyers due to their affordability compared to new vehicles. By offering up to 90% financing, Stanbic Bank is making it easier for Kenyans to own reliable cars, which could lead to an increase in vehicle ownership across the country.
Furthermore, the import financing solutions offered through MOTOKAA SHOP are expected to attract a segment of customers interested in importing vehicles from international markets. The platform provides a wide selection of vehicles, giving buyers more options to choose from, and the financing component makes it easier for them to secure their dream cars.
For those interested in exploring this offer, customers can visit Stanbic Bank branches or any CarMax East Africa showroom to learn more about the financing options and begin their journey toward vehicle ownership.
This partnership marks another step forward in Stanbic Bank Kenya’s mission to provide financial solutions that meet the evolving needs of its customers, while also contributing to the growth of the automotive sector in Kenya. With flexible financing options, zero facility fees, and a vast selection of vehicles available through MOTOKAA SHOP, this collaboration between Stanbic Bank and CarMax East Africa offers unmatched convenience and affordability for car buyers across the country.
Stanbic Bank Kenya is a leading financial institution that offers a wide range of banking solutions to individuals and businesses. Known for its customer-centric approach, Stanbic Bank is committed to fostering growth and providing innovative financial products that cater to the diverse needs of its clientele.
CarMax East Africa is a prominent provider of pre-owned vehicles in Kenya, offering quality cars at competitive prices. Through its MOTOKAA SHOP platform, CarMax East Africa facilitates vehicle importation, making it easier for customers to access a wide variety of vehicles from global markets.
For more information, visit any Stanbic Bank branch or CarMax East Africa showroom near you, or log on to motokaa.shop to explore available vehicles.
