KAMPALA – Stanbic Bank Uganda has signed a Memorandum of understanding (Ford Financing) with Ford Motor Company to provide a unique credit solution to help individuals and companies solve their vehicle and asset financing requirements as an effort to drive economic growth and add value to the Stanbic customer base.
Speaking at the unveiling of the new Ford Raptor at Busika Extreme Adventure Park in Gayaza yesterday, Ms. Doreen Ssendegeya, the Head of Asset Financing at Stanbic Bank Uganda said, the purpose of the partnerships is to provide convenient financing solutions to their mutual clients through their relationship with FORD.
“We intend to provide both the Stanbic bank clients and CMC Uganda clients the option of more affordable finance packages to afford the FORD range of products from CMC. The clients can now select any FORD product available in Uganda and be confident that they can get the best available financing solutions together with the product they have selected”
Ford Finance is a strategic alliance, in the form of a cooperation agreement between Stanbic Bank Uganda and Ford Motor Company International and through their brand franchise holder in Uganda; Cooper Motors Corporation Uganda. (CMC Uganda).
It has a customer focused approach to provide finance for a global brand to our customers in Uganda.
The product has been tailor-made to match the demand of Stanbic’s local customers and will be available in a wide range of Ford vehicles offered by CMC Uganda.
“As a financial institution, Stanbic bank will be offering up to 90% vehicle and asset financing to the Ford clients for the purchase of various Ford vehicles at a lower interest rates with a flexible 60 months payment period. We believe this is the best finance solutions in the market that will help meet our customer’s needs and address the current financial challenges” Miss Sendegeya emphasized.
She added that by using Ford finance, one can drive out of the CMC dealership shop with a brand-new car and they only have to make a monthly payment with no upfront deposit depending on your credit risk.
As one of the most highly anticipated new models for 2020, the all-new Ford Ranger Raptor is now officially available in Uganda.
With Ford Performance DNA at its core, the Ranger Raptor creates an entirely new breed of exceptionally capable off-road vehicles that pushes the limits in technology, innovation and driving excitement.
Mr Achraf El Boustani, the managing Director Ford North Africa and Sub Saharan Africa said they are excited and proud to unleash the Ford Performance version of the highly successful Ford Ranger, which is produced at their Silverton Assembly Plant in Pretoria, South Africa.
“The Ranger Raptor brings a different customer into Ford showrooms and delivers bold and aggressive styling matched with immense off-road capability that totally rewrites the rules for the 4×4 pickup segment. We have a passion for bringing the best to our customers, and Ranger Raptor showcases the best of Ford Performance’s expertise in performance vehicle design and engineering,” he said.
Speaking to the media at the Ford Raptor unveiling in Busiika, CMC Country Manager Mr Mark Davidson also emphasized that at CMC, they are continually evolving and innovating.
“In this spirit, we’re introducing more exciting new models next year to the different brands. The new models come with environmentally friendly technologies, fuel economy and smaller engines. All these driving to support your various operations and businesses in various ways,” he said.
Richard Musani, the CMC Brand Manager Ford Uganda, said the arrival of the Ranger Raptor heralded an exciting moment for off-road fans in the country.
“We are proud to be able to offer our customers the very best in off-road performance with the launch of the amazing Ranger Raptor. With its incredible off-road credentials, aggressive looks and uncompromising capability, we can’t wait for our customers to experience the truck on home soil,” Musani said.