Mikano Motors and Autochek Partner for Vehicle Financing

Mikano Motors has announced a partnership with Autochek Africa to improve vehicle financing accessibility for Nigerian consumers. The collaboration was unveiled during a press conference at Mikano Motor's showroom in Lagos.

Etop Ikp, Chief Executive Officer of Autochek Africa, emphasized the need for better financing options in Nigeria's automotive market. The partnership aims to bridge the gap by combining Mikano's portfolio of premium vehicles with Autochek's embedded financing technology, allowing customers to access multiple bank partners for faster loan approvals.

The arrangement enables Nigerians to explore financing options and purchase vehicles more easily through a virtual showroom hosted on the Autochek platform. Joell Haykal, Group Executive Director of Mikano Motors, highlighted the initiative as part of a broader effort to enhance the overall vehicle ownership experience in Nigeria, which includes a six-year warranty and nationwide after-sales support.

The partnership reflects a shift in the automotive sector towards online purchasing as consumer expectations evolve.