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Toyota Kenya launches the Urban Cruiser in the Kenyan market
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Motor distributor Toyota Kenya has launched the Urban Cruiser in the Kenyan market, the latest SUV in the Toyota Kenya product line-up. The Urban Cruiser will start retailing from Ksh. 2.7 million inclusive of VAT.
Toyota Kenya Managing Director, Arvinder Reel said the Urban Cruiser, embodies Toyota’s quality, durability, and reliability promise, with the vehicle designed for customers looking for SUV comfort, latest technology at an affordable price point.
“Toyota Kenya has always operated on the premise of giving our customers the best. And we as continue growing our small car segment offering, we continue introducing new and innovative products that offer value for money and will see more Kenyans drive brand-new vehicles,” said Mr. Reel.
Gulf African Bank offers car financing to customers in partnership with Toyota Kenya
Gulf African Bank has partnered with Toyota Kenya to enable its customers get loans to buy cars.
The bank’s corporate and SME customers will now get loans to purchase Hino trucks and buses, and Hilux single and double cab pick-ups. The strategic financing partnership aims at enabling purchases through diminishing Musharakah-based vehicle financing.
Under the Shariah financing model, both the bank and the customer contribute to the purchase of the vehicle creating co-ownership, where Gulf African Bank will extend financing up to 95% of the value of the unit. This arrangement will be repayable by the customer within a period of 60 months.
Gulf African Bank partners with Toyota Kenya to enable clients buy cars with loans of up to 95%
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Premier Shariah compliant bank, Gulf African Bank and Toyota Kenya have entered into a strategic financing partnership that will enable the bank’s Corporate and SME customers purchase Hino trucks and buses, and Hilux single and double cab pick-ups through diminishing Musharakah-based vehicle financing.
Under the Shariah financing model, the bank and the customer both contribute to the purchase of the vehicle creating co-ownership, where Gulf African Bank will extend financing up to 95% of the value of the unit, repayable by the customer within a period of 60 months.