UAE: Tie up between ADCB, Audi boosts sales
A tie up between Abu Dhabi Commercial Bank (ADCB), one of the UAE's leading financial institutions, and Audi has proved to be a resounding success. Since launching the special car loan offer earlier in the summer, the Al Nabooda Automobiles - Audi Showrooms have completely sold out of their high end cars.
"This successful promotion offers customers affordable and efficient financial solutions allowing them to drive away with their dream car. The launch of this car finance programme signifies the beginning of a mutually beneficial relationship between ADCB and Audi in offering customers flexible, convenient and attractive car finance deal providing full customer satisfaction," said Ajay Bimbhet, Head of Retail.
Customers interested in the promotion do not need to be ADCB account holders. The scheme allows customers to pay only half of the vehicle price through 24 monthly instalments and the balance will be paid at the 25th instalment. The 25th instalment is interest free for all Audi cars. Once the customer completes the payment for the 24 instalments they have one of three options:
* Return the vehicle to the Al Nabooda dealership to settle the last instalment.
* Re-finance the vehicle from ADCB at a used car interest rate
* Settle the loan with the 25th instalment
"We are proud to have made this association with an automobile manufacturer that matches our profile. This joint venture was carefully designed to provide the best from both organisations and this was clearly reflected in the fantastic results of the promotion," said Eirvin Knox, CEO of ADCB.
The promotion continues until the end of December 2004. To take advantage of the tie up, customers need to visit any one of the Al Nabooda Audi showrooms in Dubai or Northern Emirates.
Ali Al Nabooda, Al Nabooda Brand Manager for Audi, said: "We are excited about both our product offering to Audi drivers and our relationship with ADCB. We believe that ADCB as a partner meets our Audi clientele expectations in terms of flexibility, quality of service and overall business performance." (menareport.com)
© 2004 Mena Report (www.menareport.com)
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