Coscharis Motors, Sterling Bank Partner on E-Commerce, Vehicle Finance

Coscharis Motors Plc has partnered Sterling Bank towards on-boarding its vehicles on the bank’s non-Interest Banking Division platform- AltDrive.

According to Abiona Babarinde, General Manager, Marketing and Corporate Communications, Coscharis Group, the idea is to provide customer an online retail marketplace that gives customers one-stop boutique to access and purchase any vehicular brand sold by Coscharis Motors either through self-funding or credit finance from Sterling Bank.

Accordingly, the scheme will allow a repayment pattern spread over a period of five years with the option of a 15% to 30% down payment.” He further added that the focus is to deliver customers satisfaction given the bank’s friendly interest rate, ease of accessibility, quick turnaround time for credit processing at the bank and availability of myriads auto brands”.

This ultimately gives anyone the capability to purchase any of our brands with a more convenient payment terms with any of our partners like the Sterling Bank.”

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