Stallion Group has partnered with Access Bank to expand vehicle financing options for Nigerian customers, making 10 exclusive automotive brands and 72 models available through a new financing arrangement. Eligible buyers can access financing covering up to 90% of a vehicle's value, with buyers required to contribute a minimum 10% equity for individual purchases or 20% to 30% for fleet financing. The company said delivery could be possible within 72 hours after the equity contribution is made, subject to credit approval and completion of documentation.
Access Bank's AutoFest initiative offers flexible repayment options extending beyond four years, allowing individuals and businesses to acquire vehicles without paying the full purchase price upfront. This structure is designed to make vehicle ownership more accessible across different customer segments and use cases.
Beyond the financing arrangement, the partnership provides additional automotive services. Customers gain access to professional servicing, genuine spare parts, dedicated bodyshop facilities, and manufacturer warranties of up to six years on eligible vehicles. Electric vehicle purchases come with battery warranties of up to eight years, subject to manufacturer terms and conditions. The offering also includes support for optimised cost of ownership.
Stallion Group brings more than 50 years of experience in the automotive industry to the partnership, including an established portfolio of international brands, exclusive manufacturer relationships and extensive customer support capabilities. Access Bank is part of Access Holdings, described as Nigeria's largest banking group by total assets. The partnership combines Stallion Group's automotive infrastructure with the financial reach and strength of one of Africa's largest banking groups.
For Nigerian vehicle buyers and businesses, this arrangement expands financing options while reducing upfront capital requirements, though borrowers will pay interest costs over the extended repayment period.