Kenya’s CBA partners UK’s MHH International for affordable car loans on luxury imports.
“We have noted a growing appetite for high quality and reliable cars, as it becomes a priority for more Kenyans for both business and personal needs. We are supporting our customers by developing this end to end partnership with a partner who clients simply pay and wait for the car to be delivered.” said Mr Chris Pasha, Group Head of Marketing CBA during the launch event
Second-hand cars account for about 80 per cent of total vehicles sold in the country, relying on demand from businesses and individuals who are unwilling or unable to pay showroom prices according to data from Kenya National Bureau of Statistics (KNBS). In 2015 approximately 22,000 units of high end luxury cars were imported this is as the number of cars imported to Kenya grew by 6 percent to 109,781 from the previous year.
MHH International specialize in sourcing and importing new and used prestige cars by placing factory or auction orders on the behalf of customers and negotiating for the most competitive discounts. For the car enthusiasts, MHH International supply supercars and rare vehicles via some of the most exclusive global networks.
“This partnership with MHH International spells out favourable terms and conditions for customers to access finance while at the same time giving them access to a great car and the confidence that it would arrive safely, ready to drive,” said Mr Pasha. “This is part of our innovative journey that seeks to ensure that we meet current and emerging customer needs through effective and attractive propositions such as this.”
MHH International Managing Director, Alistair Benn, said that the company is delighted to enter a working relationship with CBA by providing this value enhancing initiative that will improve not only the level of service but also provide real value to our mutual clients.
“With this new partnership with CBA, we will work closely and are excited with this new offering to suit our customers. As part of growing our business we are constantly seeking strategic partnerships such as this one to ensure we offer our customers the best products and service offering,” he said.