Close Menu
  • Briefing
    • Cover Story
    • Latest News
    • Counties
  • Politics
    • Society
  • Special Reports
    • Companies
    • Enterprise
    • Money
    • Technology
  • Columns
  • Dispatches from China
  • Member Content
    • Shop
  • Contact Us
    • About us
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram LinkedIn
Nairobi Business Monthly
Subscribe
  • Briefing
    • Cover Story
    • Latest News
    • Counties
  • Politics
    • Society
  • Special Reports
    • Companies
    • Enterprise
    • Money
    • Technology
  • Columns
  • Dispatches from China
  • Member Content
    • Shop
  • Contact Us
    • About us
Nairobi Business Monthly
Home»Companies»CBA to finance purchase of luxury cars from UK importer MHH International
Companies

CBA to finance purchase of luxury cars from UK importer MHH International

EditorBy Editor1st July 2016Updated:23rd September 2019No Comments3 Mins Read
Facebook Twitter WhatsApp Telegram Email
MHH International chief executive Alistair Benn with Commercial Bank of Africa CEO Jeremy Ngunze during the launch of their import finance partnership
Share
Facebook Twitter WhatsApp Telegram Email

Commercial Bank of Africa (CBA) has partnered with MHH International to offer customers an easy and convenient way to import luxury vehicles from both Japan and UK.

Through this partnership CBA clients can receive up to 80% asset financing, while also accessing services of a reliable partner who will transform the buying experience for imported cars into a pleasurable, effortless experience.
“We have noted a growing appetite for high quality and reliable cars, as it becomes a priority for more Kenyans for both business and personal needs. We are supporting our customers by developing this end to end partnership with a partner who clients simply pay and wait for the car to be delivered,” said Mr Jeremy Ngunze, CEO CBA Kenya during the launch event.

tableSecond-hand cars account for about 80% of total vehicles sold in the country, relying on demand from businesses and individuals who are unwilling or unable to pay showroom prices, according to data from Kenya National Bureau of Statistics (KNBS). In 2015 approximately 22,000 units of high-end luxury cars were imported this, as the number of cars imported to Kenya grew by 6% to 109,781 from the previous year.

The Nairobi Law Monthly September Edition

MHH International specialises in sourcing and importing new and used luxury cars by placing factory or auction orders on the behalf of customers and negotiating for the most competitive discounts. For the car enthusiasts, MHH International supplies supercars and rare vehicles via some of the most exclusive global networks.

“This partnership with MHH International spells out favourable terms and conditions for customers to access finance while at the same time giving them access to a great car and the confidence that it would arrive safely, ready to drive,” said Mr Ngunze. “This is part of our innovative journey that seeks to ensure that we meet current and emerging customer needs through effective and attractive propositions such as this.”

MHH International Managing Director, Alistair Benn, said that the company is delighted to enter a working relationship with CBA by providing this value enhancing initiative that will improve not only the level of service but also provide real value to our mutual clients.
“With this new partnership with CBA, we will work closely and are excited with this new offering to suit our customers. As part of growing our business we are constantly seeking strategic partnerships such as this one to ensure we offer our customers the best products and service offering,” he said.

Asset finance loans for import cars makes importing much more accessible to private buyers and business owners. People can now buy the higher spec makes and models which are not available locally such as the Range Rover Evoque Convertible, Audi Q7 and the Infinity FX. Interestingly, companies are also taking advantage of the opportunity to import with asset finance. Those who run a fleet of cars or provide staff incentive schemes for their managers are increasingly importing their vehicles to benefit from cheaper purchase pricing from the high quality used car market in the UK and Japan.  And when you look at the potential repayments for an import car, the option is very appealing.

The Nairobi Law Monthly September Edition
Follow on Facebook Follow on X (Twitter) Follow on WhatsApp
Share. Facebook Twitter WhatsApp Telegram
Editor

Related Posts

BAT Kenya records profit in 2024

24th February 2025

Kenya Airways and Air India agreement to elevate tourism and trade

3rd February 2025

CMC driving out of East African vehicle market

20th January 2025

Amsons takes lead in Bamburi Cement acquisition

19th December 2024
Add A Comment

Leave A Reply Cancel Reply

The Nairobi Law Monthly September Edition
Latest Posts

Parliament rejects KRA’s bid for open access to personal data

18th June 2025

Gen Z protests force Sh51.95bn cut in government operations spending

18th June 2025

Thousands stranded as 1,029 health facilities locked out of SHA system

18th June 2025

Africa’s largest wind farm invests millions in Kenyan communities

18th June 2025

Gen Z struggles to catch some Zs

17th June 2025
The Nairobi Law Monthly September Edition
Nairobi Business Monthly
Facebook X (Twitter) Instagram LinkedIn
  • About Us
  • Member Content
  • Download Magazine
  • Contact Us
  • Privacy policy
© 2025 NairobiBusinessMonthly. Designed by Okii

Type above and press Enter to search. Press Esc to cancel.