Douglas Mwiti 
From left to right: Eric Shikanda, Head of Finance at Safaricom Sacco; CPA Joseph Njoroge, CEO of Safaricom Sacco; Julia Vershinskaya, Managing Director of Inchcape Kenya; and Anne Wanyeki, Marketing & CEX Manager, Inchcape Kenya, at the official launch of the Inchcape Kenya and Safaricom Sacco financing partnership.
- InchCape Kenya and Safaricom Sacco Partners to offer 100pc Financing with 1% Interest Rate pm for Jaguar LandRover,BMW and Changan Auto Vehicles
Leading automotive distributor Inchcape Kenya has signed a strategic Memorandum of Understanding (MOU) with Safaricom
Sacco Limited, providing customers access to highly competitive vehicle financing options across Inchcape’s diverse range of brands which include BMW, BMW Motorrad, Jaguar, Land Rover and the newly launched Changan Auto.
Under the financing plan, customers will get up to 100% financing at an ultra-low interest rate of just 1% per month with flexible repayment periods of up to 48 months.
Commenting on the partnership, Inchcape Kenya’s Managing Director, Julia Vershinskaya expressed excitement at the immense opportunities this presents for aspiring vehicle owners in Kenya.
“Inchcape Kenya has a range of products from executive vehicles, affordable passenger vehicles and light commercial vehicles for your business. From premium range of Jaguar, Land Rover and BMW to more affordable, fuel efficient Changan models. Inchcape Kenya is committed to providing mobility solutions for all,” said Julia
Vershinskaya, Managing Director of Inchcape Kenya. This ground-breaking partnership with Safaricom Sacco will serve as a game-changer by bridging the affordability gap and empowering more Kenyans to achieve their dream of owning brand new vehicle
ownership.
The newly introduced Changan auto offers a wide range of models with cutting edge design, fuel efficient, enhanced safety while guaranteeing value for money.
The starting price of the light commercial models is 2.2M vat inclusive while the passenger vehicles retail from KES 2.8 million vat inclusive.
“As we continue diversifying our portfolio, Changan brings high-quality, value-formoney vehicles catering to families, individuals and businesses.
Their cutting-edge design, enhanced safety features Fuel efficiency and affordability make Changan a formidable option, even more so with this 1% monthly interest rate,” remarked Vershinskaya.
On his part, Safaricom Sacco CEO Joseph Njoroge said, “As a leading Tier 1 Deposit Taking SACCO regulated by SASRA serving over 18,000 members with an asset base of over 11.5bn , we are excited to partner with Inchcape Kenya to make vehicle ownership more accessible by enhancing their journey from dreaming of a new car to driving it off the lot with confidence. SACCOs play a pivotal role in financial inclusion and empowerment.
This partnership aligns with our mission of providing innovative financial solutions to improve our members’ lives.”
He added: “The ultra-low interest rates and flexible repayment periods will make purchasing vehicles easier than ever. Moreover, our SACCO is currently open for membership. We encourage both existing and prospective members to take advantage of this unique opportunity to own vehicles from Inchcape’s renowned range, including the exciting new Changan models that offer fantastic value.
Financing is also available to non-SACCO members.” With over 40 years of history, Changan is one of China’s most prominent automakers renowned for its production scale, innovation and diverse lineup.
Customers can look forward to a seamless purchasing experience, competitive pricing, warranty coverage, readily available parts, and dedicated technical support when exploring the wide range of Inchcape passenger and commercial vehicles now more accessible than
ever through this partnership
