DT Dobie And Stanbic Partner For A Vehicle Leasing Deal

DT Dobie and Stanbic Bank Kenya have signed a partnership agreement to offer Vehicle Asset Financing for the purchase of Mercedes Benz, Volkswagen, and Hyundai personal and commercial vehicles.

Under the agreement, Stanbic bank will provide up to 100 percent financing for personal vehicles and up to 90 percent for commercial vehicles with a 60 month-loan repayment period.

The partnership will also offer DT Dobie customers a discounted loan-processing fee of 1.5 percent at an interest rate of 13 percent per annum. Furthermore, clients will also enjoy a 45-day holiday period.

Peter Wanjala, Finance Director at DT Dobie said, “The Volkswagen and Mercedes have proven popular with passenger vehicle buyers while Hyundai has been a favorite commercial light truck. Hyundai light trucks range from 3.5 to 9 tonnes. Key attributes of the vehicles are an extra-long chassis, superior fuel efficiency, powerful exhaust brake, and hydraulic power steering among others. The trucks carry a three-year, or 100,000-kilometre warranty which clearly illustrates the confidence of the Hyundai Motor Company.’’

Speaking during the event, Head of Engineering at Stanbic Bank Kenya, Catherine Murata said, “Through this partnership with DT Dobie, we can offer unique solutions to our clientele to cater for their motor-vehicle needs. We have, thus far, been able to provide solutions to hundreds of individual customers and companies to acquire quality vehicles in an easy and convenient manner by making the process of loan application as painless as possible.