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Crown Motors announces asset financing deal with local banks for the Nissan Navara


Crown Motors Group has entered into a partnership with a number of local banks including Prime Bank, I&M Stanbic and Diamond Trust Bank to offer asset financing for the recently launched Nissan Navara

The partnership will see Nissan customers benefit from up to 100 percent asset financing from Prime Bank for the purchase of Nissan models including the Nissan Patrol, Xtrail, and the Pickup range.

For the purchase of the models, customers will enjoy “Zero” processing fees with up to 48 months repayment period at an interest rate starting from 12.5 percent per annum. Furthermore, customers will also enjoy a 30 days repayment holiday from the Bank.

 “We anticipate that this partnership will facilitate customers in growing their businesses with high quality, reliable and affordable price point vehicles that are built for tough conditions in the Sub-Sahara African market,” Ms. Maliha Sheikh, Crown Motors Group’s National Sales Manager said. 

Another partnership with I&M Bank will see the Bank provide up to 100 percent Asset Financing to its customers. Under the agreement, customers will enjoy competitive interest rates at extended repayment periods of up to 5 years.

The Bank through the Bancassurance arm will also provide an enriched comprehensive motor insurance package at a discounted premium rate through this Asset Finance option. In addition, the Bank will provide insurance premium financing for this Asset Financing agreement allowing customers to make premium payments in affordable installments. Customers will also get a two-month repayment holiday under this agreement.

“Over and above the financial offering from Prime Bank, all Nissan vehicles come with a two-year, or 50,000 km free service plan and a three year/100,000 km warranty to ensure customer peace of mind whilst enjoying their cars long after their purchase,” Ms. Maliha added.

These partnerships Crown Motors say will guarantee that business owners have the asset, time and the peace of mind to fully focus on nurturing and growing their businesses to the level they aspire and in so doing build on Kenya’s GDP which is heavily reliant on formal MSME’s.

The partnerships will also work to elevate Crown Motors Group mission to see many of the local mwananchi able to afford the newly launched models of Nissan Navara and Magnite. 

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Nixon Kanali

Tech journalist based in Nairobi. I write about tech, business and African startups. Founder and Editor For TechTrendsKE. Nixon is also the East African tech editor for Africa Business Communities. Send tips to nkanali@techtrendske.co.ke.

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