Coscharis Motors, Sterling Bank collaborates on vehicle funding

Coscharis Motors has collaborated with Sterling Bank Plc to join in its vehicles on the bank’s non-Interest banking platform- AltDrive.

The objective is to ease the road to ownership via e-commerce transactions which can be self-funded or financed by the bank.

General Manager, Marketing and Corporate Communications, Coscharis Group, Abiona Babarinde, said the idea is to provide customers an online retail marketplace that gives customers a one-stop boutique to access and purchase any vehicular brand sold by Coscharis Motors either through self-funding or credit finance from Sterling Bank.

According to Babarinde, the primary objective of this collaboration is to provide customers an e-commerce platform with a credible Financial Institution like Sterling Bank as an extension of its showrooms where they can access a robust brand portfolio, which includes iconic brands like Ford, Renault, BMW, Jaguar and Land Rover at a go on one hand.

“On the other hand, the partnership offers a vehicle finance scheme, which is aimed at empowering retail and fleet buyers to purchase their choice vehicles from any Coscharis Motors outlet nationwide through a repayment plan with Sterling Bank, ” he said.