CFAO Motors, Autochek Partners to Enable Access to Financing for Suzuki Cars

CFAO Motors, the sole distributor of Suzuki cars in Nigeria, has announced a partnership with Autochek, the automotive technology company making car ownership more accessible and affordable across Africa. The objective of this partnership is to facilitate the access to financing Nigerians need to purchase their desired vehicles from the Suzuki range.

As part of the partnership, drivers in Nigeria will be able to walk into any of CFAO Motors dealerships across Nigeria and get instant financing for any used or new Suzuki car they would like to purchase. Drivers will also be able to get financing for new and used Suzuki cars via the Autochek website.

Since its re-introduction to the Nigerian market in 2019, Suzuki has been at the forefront of introducing cutting-edge technology and market-leading innovation to the Nigerian automotive value chain. From sales to after-sales, Suzuki by CFAO has been committed to transforming the Nigerian automotive experience by embedding technology solutions into every stage of the automotive lifecycle.

This partnership with Autochek will build on this commitment and will support the delivery of further improvements to the automotive value proposition for Nigerian drivers.

Autochek is building the financial infrastructure to drive the penetration of auto financing across Africa, powered by a data analytics engine that makes it easier for financial institutions to offer credit to consumers. It has existing operations across North, West and East Africa (Nigeria, Ghana, Morocco, Côte d’Ivoire, Senegal, Kenya, Benin, Togo and Uganda), a partner-led retail footprint in over 1,500 dealer and workshop locations, and more than 70 banking partners including Access Bank, Ecobank, UBA, Bank of Africa and NCBA Bank.

With Autochek, drivers can access a wide range of financing options to suit their needs. They simply need to fill a short form to apply for the loan and they will start receiving offers from various Autochek approved financing partners. For online applications, once an offer has been accepted, the vehicle will be delivered in 5-7 days.

Speaking at the launch of the new Suzuki Celerio in Lagos, Mrs. Aissatou Diouf, General Manager Suzuki by CFAO said, “Financing is critical to catalysing the Nigerian automotive industry to reach its full potential. The demand for cars has always been there but inadequate access to finance is often the stumbling block that hinders drivers from having the cars they desire. We believe that with Autochek’s market leading financing product and the cars we are introducing to the market, we will be able to catalyse the automotive industry in Nigeria and make car ownership more accessible and affordable.”

Mayokun Fadeyibi, Senior Vice President of West Africa at Autochek, said “Cars remain an essential part of everyday life for most Nigerians. They are our most ubiquitous mode of transportation. However, a fragmented automotive ecosystem means there is a lot of untapped value across the board.

At Autochek, we are bringing all the key stakeholders in the automotive value chain together – dealers, manufacturers, financial institutions and consumers – to drive shared value and alleviate various transport challenges that impact Nigerians. This is why we have partnered with CFAO to make much-needed autofinancing more accessible and drive the growth of our automotive ecosystem for the benefit of everyone.”

July 23, 2022