Friends,

someone just told that some banks / companies are now giving car loans with 0% down payment. I will appreciate information on this and which banks / companies to contact.

Thanks.

CALABAR government for taxi(S) (chevrolet sedan). bike av bn stopped

Thanks. Hopefully one can get for personal use, not commercial

I think Diamond bank is doing something like this with Peugeot motors. 0% interest for 18 months,

Diamond Bank - Honda Promo

Diamond Bank- Peugeot

These are great opportunity for people to own a ride.
Even though, they will milk them via the interest rate.
But great idea.
Someday, we will be able to offer such, but will be after there is a nice database, where we can be able to find people easily if they try to run with the ride without payment.

dont forget that your salary account has to be transfered to their bank

These products do not require salary domiciliation. Please call the numbers to confirm.

Sounds great!!!

Just spoke with the bank on phone, the procedure sounds simple, bank acct statement for 6 months, letter of employment / intro from your employer, etc

This is interest free if you pay within 1 year, beyond that interest is charged.

However, a mention was made of personal guarrantor! Perhaps this can be waved for those introduced by their employer.

Considering what Fhemmy said about interest rate, one need to weigh the options: enjoy a good ride with little or no stress at all and pay the money or put the money in your pocket and have the mechanics put holes in your pocket. or be beaten by rain at bus stops, The mechanics work as if they want you to keep going back to them, never finish the job. Sometime, my car was with one for more than a week for a brake problem. These things have a way of having an effect on health and one's mentality, my opinion - I will pay the interest and enjoy the car

Are Banks or other institutions that give car on hire purchase with 0% down payment still available in Nigeria today?