Toyota Kirloskar Motor (tkm) Inks Mou With Uco Bank For Loans

UCO BANK will be one of the preferred financiers for the entire range of vehicles sold by Toyota Kirloskar Motor Private Limited (TKM). The MOU was signed by S K Dey Purkayastha, General Manager, Retail Banking & Corporate Communication from UCO Bank and Sailesh Shetty, General Manager (Sales) from Toyota Kirloskar Motor.

The bank will become a preferred financier of Toyota Kirloskar Motor cars and will offer financing facilities to eligible customers. The tie-up will enable the bank to increase its car loan portfolio substantially, said Arun Kaul, Chairman and Managing Director,UCO Bank.

“This tie-up will give us a platform from where different products of our bank can be marketed to the prospective buyers of Toyota Cars throughout the country. Thus, the bank”s retail portfolio as well as customer base can be increased”, Kaul added.

The bank”s retail portfolio as well as customer base can be increased.Under the agreement, both Toyota Kirloskar Motor dealers and the Bank branches will source Toyota Car loan business using their customer database.

Speaking on the occasion, Ajai Kumar, Executive Director, UCO Bank said “In order to increase the competitiveness of the Bank”s Car Loan Scheme the product has been modified and interest rate is lowered to make it more attractive in the market place”. N R Badrinarayanan, Executive Director also graced the occasion.

Speaking on the occasion, Sailesh Shetty, General Manager (Sales), Toyota Kirloskar Motor said, “We are pleased to announce this partnership with UCO Bank as our customers will greatly benefit with the competitive rates and convenient locations that UCO Bank provides its customers. It will be considerable value addition for our customers. With the market looking up this is the right time for us to step up our efforts to reach out to our customers with better and easier finance options.”

Used Car Sales With Motor Finance Wizard – Car Sales

Used Car Sales With MFW

Motor Finance Wizard specializes in used car sales and is currently operating in Queensland, New South Wales and Victoria offering an extensive range of used cars to suit your needs. Not only does MFW focus on car sales, but they also specialise in providing motor vehicle finance solutions for people who may have found it difficult to obtain car financing. Motor Finance Wizard opened its first dealership in 2001 and has since sold and leased more than 19,000 vehicles to date, making us one of the nations largest used car dealerships in Australia. Motor Finance Wizard has used car dealerships and offer the best used car sales available in the Queensland, Victoria, and NSW area. MFW has thrived while other used car dealerships have struggled due in large part to their customer service and ability to get almost anyone in a used car of their choice. Their mission is to provide all Australians with the opportunity to own a motor vehicle, regardless of their financial situation.

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Motor Finance Wizard will assist those in need of used cars and have bad credit history in finding the vehicle they need. MFW operates used car dealerships that specialise in providing motor vehicle finance solutions on MFW used cars to customers who do not meet the strict lending criteria of mainstream lenders. This model allows customers to acquire car financing and a quality used cars from the same point of sale location.

Traditionally in Australia the sale of a motor vehicle has been a separate transaction to the car financing, involving two different parties; the car dealership and an independent finance company. MFW, through its in-house finance provider KWIK Finance, provides motor vehicle finance for customers exclusively to MFW used car dealerships for the full term of the Lease.