Absa-BAIC Partnership Makes It Even Easier To Own Luxury

Absa BAIC Partnership Makes Financing A BAIC Even Easier

Absa BAIC Partnership Makes Financing A BAIC Even Easier

In the market for a luxury BAIC vehicle? The good news is that not only do Group1 dealerships have highly trained and experienced financial consultants that will provide you with the most competitive BAIC financing options, but owning a BAIC just got even easier with the news that financial services provider Absa has partnered with BAIC SA to offer finance to potential buyers.

BAIC is flying high in South Africa, becoming ever more popular with buyers since its launch in South Africa in 2016. BAIC has invested in a manufacturing and assembly plant in the Coega Industrial Development Zone, near Gqeberha, in the Eastern Cape and now has a large dealer network, cementing the foundation for the manufacturer in the country.

The automaker’s Beijing X55 model was named a finalist in the highly coveted 2023 SA Car of the Year contest, which is a testament to its growing popularity thanks to quality and innovation by the automaker.

Financing Made Easier By Absa

The new joint venture between Absa financial services and BAIC SA aims to introduce luxurious vehicles to the market and make ownership accessible to a much wider audience. Absa will offer comprehensive financing options to help fuel BAIC SA’s growth and offer attractive credit solutions.

For Absa, the alliance represents an opportunity to boost its share of financed vehicles sold in South Africa as the popularity of affordable luxury brands continues to grow among South Africans.

“We are honoured to partner with an automotive player that has invested in the growth of our continent, aligned with our values as a purpose-led pan-African bank,” says Absa vehicle and asset finance managing executive Charl Potgieter.

“The South African consumer has come to appreciate the growing trend in affordable luxury branded vehicles and expects more ‘bang for their buck’ when buying a new or used vehicle during these tough economic times. This alliance answers the call from the South African consumer on many levels.”

Ready to buy a BAIC? Contact our highly trained financial consultants today to get the most competitive quote on your BAIC SUV – click here to get in touch now!

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