CARZ4ELITE PROMISES ‘GET A CAR AT 30% VALUE IN 3 DAYS’ AS IT PARTNERS FINA TRUST MICROFINANCE BANK
By Oki Samson, Trek Africa Newspaper
L-R: Business Development Manager, Carz 4 Elite, Mr. Nasamu Martins; MD/CEO, Carz 4 Elite, Mr. Fure Ukueku; Head of Product, Fina Trust MFB, Mr. Buddhika Rathnayaka and Regional Head, Marketing, Fina Trust Microfinance Bank, Mr. Adeoye Adeniyi during the Carz 4 Elite Auto Loan in 3 Days Press Conference in Lagos.
An auto-company, Carz 4 Elite has partnered with Finatrust Microfinance Bank in order to make car acquisition easy for Nigerians.
The organization, Carz 4 Elite which is a subsidiary of Elite International Ltd. has played in the Nigerian market for close to 10 years. It is involved in car import, advisory, purchase, and after-sale services.
Speaking during a press conference with select media organizations, covered by Oki Samson of Trek Africa Newspaper, the MD/CEO of Carz 4 Elite, Mr. Fure Ukueku disclosed: ‘Carz 4 Elite provide for Nigerians who want to own their cars, who want to start car-related business, who want cars on hire purchase, who want to lease car for a short period, who want to pay on instalment. We engage in car-related advisory for customers. We advise customers based on lifestyle, budget purpose, long terms plans so that customers can get value for their money. We also engage in after-sales advisory. Due to our 1-on-1 relationship built, the customers have turned to family and friends.’
L-R: Business Development Manager, Carz 4 Elite, Mr. Nasamu Martins; MD/CEO, Carz 4 Elite, Mr. Fure Ukueku and Head of Product, Fina Trust MFB, Mr. Buddhika Rathnayaka during the Carz 4 Elite Auto Loan in 3 Days Press Conference in Lagos.
On the new service plan, the CEO said: ‘We are providing car loan services hence the partnership with Fina trust Microfinance Bank. This is an innovative way of owning a car in Nigeria. After Carz 4 Elite we refer them to Finatrust who will also speak with the customers. Then they will pay 30% of the total value of the car while Finatrust provides the balance and then you get the car within 3 days. Our website is www.auto4elite.com’.
Speaking on how Fina Trust Microfinance Bank will ensure that the partnership is successful, the Head of Product of Fina Trust MFB, Mr. Buddhika Rathnayaka said: ‘We are looking at how you will pay the loan without hazard. We are expecting repeat business not one-off business.
So for eligibility, we require basic documentation and how you can get maximum of 24 months to pay back for Tokunbo cars and 36 months for brand new cars. After you assess the car you want from Carz 4 Elite, you come to us to process the loan. When you pay the 30% of the loan, you will be able to get the car within 3 days.’
L-R: Business Development Manager, Carz 4 Elite, Mr. Nasamu Martins; MD/CEO, Carz 4 Elite, Mr. Fure Ukueku; Head of Product, Fina Trust MFB, Mr. Buddhika Rathnayaka and Regional Head, Marketing, Fina Trust Microfinance Bank, Mr. Adeoye Adeniyi during the Carz 4 Elite Auto Loan in 3 Days Press Conference in Lagos.
‘You will open an account with us for about N20000. On the interest rate, you will pay maximum of 3% but also the more you loan, the less the interest. Like I told you, we want repeat customers, we are trying to build relationship. Everyone can access this loan. We don’t have any additional collateral, we want you to show a good credit history’, he told Trek Africa Newspaper.
Also Fina Trust is a subsidiary of LOLC group Sri Lanka which is the world leading multy currency microfinance platform
On the pedigree and credibility of Finatrust, he added: ‘Finatrust is a subsidiary of LOLC group which is the world leading multi currency microfinance platform based in Sri Lanka. LOLC operate in 17 countries including Nigeria, Zambia, Rwanda, Ghana, Tanzania, Malawi, Zimbabwe, DRC, India, Egypt in African continent.’
Mr. Ukueku who described how his organizations acquire cars from United States, ‘We have representatives in the US who test the cars before we import. One of the things we do is to do diagnostic scan on the car. Every car in the US have data already which can be accessed anywhere in the world. So first we ask for car fact report which contains every information about cars as long as it is in the US – if it is involved in a car accident, etc. We also do a video evidence to drive the car before we import from US.’
‘We have representatives in 8 coastal states to ensure that the cars arrive on time. Once here in Nigeria, we give advisory to our customers so that they can have durable use of the car. So far we have not had one car returned after purchase. All our customers are satisfied.’
The Business Development Manager, Carz 4 Elite, Mr. Nasamu Martins added: ‘For quality, we are no. 1. We tell the customers to follow the specifications to the letter. We don’t compromise quality. People shouldn’t be scared about our name. We are not only for high networth individuals.
The Nigerian government auto policy is still in the works and you know this government is already rounding up. But we are ready, take advantage of our services rather than wait for the government.’
