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Finance Plan

Mack Trucks & Lanre Shittu Motors Make Single Digit Interest Rates a Reality in Nigeria

Customers interested in purchasing new premium heavy duty trucks now have access to international financing rates in the single digits. This is made possible by using international banks guaranteed by European and American Export Credit Agencies (ECAs). Qualified customers can secure financing of up to 85% of the total purchase price of the new equipment. The other 15% is required as a down payment before the trucks are delivered. Lanre Shittu Motors, the official distributor of Mack Trucks in Nigeria, has successfully negotiated with several local banks to help customers cover the 15% equity contribution. This offer is only available when purchasing new trucks from an official Mack Trucks distributor in Nigeria.

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How it Works.

The finance solution would allow customers access funding for up to five year period at an interest rate not exceeding 10% per annum. They would only be required to make a 15% down payment for the value of what they intend to purchase from our company - the Trucks and Trailer type as bodies trailers, flat beds, low beds, tankers, concrete or bulk movers et al.

Mack truck is a premium product and the finance scheme would allow customers access the Trucks and trailers with just the down payment - no stress, no hassles, no security, no endless process. Too easy to be true but testimonies will attest.

Customers would be required to provide certain documents for our review and approval. Based on the assessment which could take about three weeks, the customer's request would be approved.

Documents that would be required are

1. Customer's request letter stating the number of trucks and the type of back required
The application should state if for expansion purpose or replacement.

2. Company profile incorporating the management profile

3. The Audited Financial Statement for the earliest three years - that is 2011, 2012 and 2013

4. The contracts with employers or purpose for which the trucks would be used.

5. Cashflow forecast may be required, depending on purpose or use of the trucks.

For more information contact our CFO: Paul Okunaiya
Tel: 08072292901
Email : paul.okunaiya@lanreshittu.com

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