CFAO introduces trade-in scheme for car owners

To ease new car ownership in the country, CFAO Motors, the sole distributor of Suzuki cars in Nigeria, has commenced its vehicle trade-in scheme.

The scheme, which is non-restrictive to car brands or models, even if it was bought as a tokunbo (used) car, enables vehicle owners to bring in their old vehicles and acquire new Suzuki vehicles.

Speaking on the scheme, the company’s Managing Director, Mr. Thomas Pelletier, explained that a vehicle owner can bring his current car for valuation and choose to pay the balance for a brand new car up-front or through financing.

For instance, he said a brand new Suzuki Dzire  which is being sold for N6 million, can be traded in with a Toyota Corolla 2013 valued at N1.7 million, leaving a  balance of N4.3 million which the owner can pay  upfront or N109,000 monthly for 60 months. With that arrangement, only 20% equity is needed for the financing.

According to him, with as little as N3.7m or N85,000 monthly, anyone can own a brand new Suzuki car of models such as compact cars, Sedans and Sport Utility Vehicles with the Alto, Dzire, Swift, Baleno, Ciaz, Ertiga, Vitara and Jimny.

In Nigeria, Suzuki has made name with the mini-buses and compact car taxis which have been plying the roads over the years.

The CFAO Group is a specialized car distributor in Africa with 117 years of existence in Nigeria.

The group has built a relationship with Suzuki and now distributes the Japanese brand in 26 African countries, offering technical expertise and reliable after-sales services.