The Suzuki S-Presso is a small hatchback vehicle that was first introduced in 2019. It is available in a variety of trims and is powered by a 1.0-litre three-cylinder engine. The S-Presso is known for its compact size and fuel efficiency, making it a good choice for city driving or as a budget-friendly first car.
It also has a spacious interior for its size and comes with a variety of standard features such as air conditioning, power windows, and a multi-function steering wheel.
This Suzuki micro SUV is the first of its kind in Nigeria road, Suzuki S-Presso was first introduced in Nigeria by CFAO Motors Nigeria, the sole distributor of Suzuki cars in Nigeria has successfully delivered over 5,000 of this micro SUV to Moove Africa, the world’s first mobility fintech, providing revenue-based vehicle financing and financial services to mobility entrepreneurs.
On February 2022 Moove Africa and CFAO Motors join forces to support mobility entrepreneurs in Nigeria and Ghana, Moove, an African mobility fintech, partnered with CFAO Motors, a department of CFAO Automotive, Africa’s largest automotive distribution network with a presence in 36 countries and purchased over 5,000 brand-new, fuel-efficient Suzuki vehicles for its mobility entrepreneurs across Ghana and Nigeria.
Moove only finances new cars and leases them to mobility entrepreneurs in a scheme that allows them to complete payment and own the vehicles within four years.
How does car financing work?
Car financing allows you to buy a car by borrowing money from a lender and paying it back over time with interest. Here’s how it works:
- Choose a lender: You can get car financing from banks, credit unions, or car dealerships. Shop around to find the best interest rates and terms.
- Apply for a loan: You’ll need to provide information about your income, credit score, and the car you want to buy. The lender will use this information to determine whether you’re eligible for a loan and how much you can borrow.
- Get approved: If you’re approved for a loan, the lender will give you a loan agreement that outlines the terms of the loan, including the interest rate, monthly payments, and repayment period.
- Buy the car: Once you have the loan agreement, you can use the money to buy the car from a dealership or a private seller.
- Make monthly payments: You’ll need to make monthly payments to the lender to repay the loan. The amount of your payment will depend on the interest rate, repayment period, and amount borrowed.
- Pay off the loan: Once you’ve made all your payments, you’ll own the car outright. You can also choose to pay off the loan early, but there may be a prepayment penalty.
It’s important to note that the interest rate you’re offered will depend on your credit score and other factors, and a higher interest rate means you’ll pay more over the life of the loan. Be sure to read the loan agreement carefully and understand all the terms before signing.
How to Get Suzuki S-Presso On Loan with Moove Africa
Drivers can sign up to register their interest through Moove Africa’s website and before accessing the vehicles, all drivers must have their details assessed and verified by Moove as well as undergo training before vehicles are assigned.
If you’re interested in getting a Suzuki S-Presso on loan with Moove Africa, here are the general steps you can follow:
- Visit Moove Africa’s financing options: Moove Africa is a vehicle subscription service that offers flexible financing options for customers in Ghana and Nigeria. Check their website or reach out to them to learn more about their loan options for the Suzuki S-Presso.
- Apply for a loan via there UberGo: Once you’ve found a loan option that works for you, apply for a loan with Moove Africa. You’ll need to provide information about your income and credit score, as well as the car you want to buy.
- Get approved: If you’re approved for a loan, Moove Africa will provide you with a loan agreement that outlines the terms of the loan, including the interest rate, monthly payments, and repayment period.
- Choose your car: Once you have the loan agreement, you can use the money to buy the Suzuki S-Presso from a dealership or a private seller. Moove Africa may also have their own inventory of vehicles available.
- Make monthly payments: You’ll need to make monthly payments to Moove Africa to repay the loan. The amount of your payment will depend on the interest rate, repayment period, and amount borrowed.
- Pay off the loan: Once you’ve made all your payments, you’ll own the car outright. If you’re subscribed to Moove Africa’s service, you may also have the option to return the car at the end of the subscription period.
How to Apply for a loan via there UberGo on Moove Africa
To apply for a loan via Moove Africa’s UberGo program, follow these steps:
- Visit the Moove Africa website: Go to the Moove Africa website and navigate to the Drive with us.
- Select Vehicle: After clicking on the “Drive with us” list of available cars for car financing will display, select the vehicle that interests you by clicking the button (View Details) the details of the vehicle will be displayed, take your time to go through it and scroll down to the bottom and click on APPLY TO DRIVE to fill out the application form. You’ll need to provide personal information such as your name, phone number, email address, and home address. You’ll also need to provide information about your income and employment status.
- Wait for approval: Moove Africa will review your application and let you know if you’re approved for a loan. If you’re approved, they’ll provide you with a loan agreement that outlines the terms of the loan, including the interest rate, monthly payments, and repayment period.
- Make monthly payments: You’ll need to make monthly payments to Moove Africa to repay the loan. The amount of your payment will depend on the interest rate, repayment period, and amount borrowed.
- Drive with Uber: Once you have your car, you can start driving with Uber to earn money and pay off your loan. Moove Africa also offers additional support and services to help you succeed as a ride-hailing driver.
How To Get Suzuki S-Presso from CFAO Motors on a loan
CFAO Motors is a subsidiary of CFAO Group, a leading industrial company with a presence in 36 African countries. In Nigeria, CFAO Motors is one of the largest distributors of cars, trucks, and construction equipment, with a network of dealerships across the country.
CFAO Motors in Nigeria offers a wide range of vehicles from well-known brands such as Toyota, Mitsubishi, and Suzuki. They also offer financing options for customers who want to buy a car on loan.
In addition to selling cars and financing, CFAO Motors in Nigeria also provides after-sales services such as maintenance and repairs. They have a team of trained technicians who can service all makes and models of cars, and they use genuine parts to ensure the best performance and longevity of the vehicles they sell.
If you’re interested in buying a Suzuki S-Presso from CFAO Motors on loan, here are the general steps you can follow:
- Research financing options: CFAO Motors may offer financing options for their vehicles. Check with them to see if they have any loan options available.
- Get pre-approved: Before you start shopping for a car, you may want to get pre-approved for a loan. This will give you an idea of how much money you can borrow and what your interest rate will be.
- Choose your car: Once you know how much you can borrow, start shopping for your Suzuki S-Presso at CFAO Motors. You can find the dealership nearest to you on their website.
- Negotiate the price: Don’t be afraid to negotiate the price of the car. The dealership may be willing to lower the price if you can provide a down payment or agree to a higher interest rate.
- Apply for a loan: If CFAO Motors offers to finance, apply for a loan with them. You’ll need to provide information about your income and credit score, as well as the car you want to buy.
- Get approved: If you’re approved for a loan, CFAO Motors will provide you with a loan agreement that outlines the terms of the loan, including the interest rate, monthly payments, and repayment period.
- Make monthly payments: You’ll need to make monthly payments to CFAO Motors to repay the loan. The amount of your payment will depend on the interest rate, repayment period, and amount borrowed.
- Pay off the loan: Once you’ve made all your payments, you’ll own the car outright.
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