CFAO Ghana partners 3 banks to offer 17% interest rate on vehicle acquisition

Automobile firm, CFAO Company Limited, has partnered some financial institutions to provide 17% interest rates for every vehicle bought.

According to its Managing Director, Paulo Fernandes, this is to make it easier for customers to purchase a vehicle.

Speaking at the CFAO Open House Fun Fair, Mr. Fernandes said the ‘Open House’ model is to build customer relations and improve satisfaction.

“This CFAO Open House is part of the company’s care policy because we want to be close to our customers. We built ‘voice of customer meetings’, so every quarter we meet customers and gather feedbacks to improve customer satisfaction.”

“We also have a team that is ready to provide financial solutions with our partners. Through these partnerships we’re able to provide them a wonderful discount of 17% at a fixed rate,” he said.

CFAO Company Limited is collaborating with Bank of Africa, Zenith Bank and Societe General to provide customers with affordable financing schemes to enable customers purchase brand new cars.

Business Expert for Leasing and Factoring at Societe Generale Ghana, Eric Djane said “most Ghanaians are not able to affordable new cars. We find it necessary as a bank to partner with CFAO to give customers the privilege of driving new vehicles. Just walk into CFAO showroom, pick an invoice and make a down payment of 25% and the bank comes in to finance the 75% between one and five years.”

“We’re available for everyone who’s interested. We’re doing it for corporate customers, individuals, SMEs, among others. Anyone at all qualifies, once they come in for an assessment we can always arrange something””, he added.

CFAO Company Limited held an Open House Fun Fair over the weekend to enable prospective customers test drive cars and have their old vehicles serviced for free.