Family Bank, World Navi Ink Financing Deal For Importation Of Second-hand Vehicles

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Family Bank CFO Stephen Karumbi signs an asset finance deal with World Navi Managing Director Yoshifumi Sawada that will see customers access up to 80 per cent asset financing for direct importation of quality second-hand vehicles from Japan, Thailand, Singapore and South Africa. [Photo/ Courtesy]

Customers can now directly import quality second-hand vehicles by accessing up to 80 per cent asset financing and 100 per cent import duty financing thanks to a partnership between Family Bank and World Navi.

The partnership with friendly repayments terms of up to 48 months, will enable individuals, motor vehicle dealers and Small Medium Enterprises (SMEs) to import quality second-hand vehicles directly from Japan, Thailand, Singapore and South Africa. In addition, customers will also enjoy a guaranteed 90-day warrant on the imported vehicle and car valuation, tracking and comprehensive insurance upon arrival of the vehicle.

“As a key player in enhancing access to capital, we are always exploring strategic partnerships that we can mutually leverage and provide opportunities of growth to our customers. As the Kenyan economy grows per year, a large number of customers are seeking to directly import their own cars at affordable rates and with quick turn-around time,” said Family Bank Chief Financial Officer Stephen Karumbi.

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