Lynvalle Hamilton (right), president of the Jamaica Used Car DealersAssociation, signs the symbolic agreement with Scotiabank for specialfinancing on used vehicles at a recent function to award used car dealers.Looking on is Bruce Bowen, CEO of Scotiabank, who had previously signedthe symbolic key-chain agreement.
December 7, 2010
Used car purchasers may get 100 per cent financing
SCOTIABANK recently extended its partnership with the Jamaica Used Car Dealers Association (JUCDA) that will see the bank providing loans for the purchase of used cars at an interest rate of 16.5 per cent.
Customers will also benefit from up to 95 per cent financing with up to 84 months to repay, and the option to access 100 per cent financing if they opt to instal a vehicle tracking system on their cars for a one-year subscription, the bank said.
This arrangement is an expansion of the ScotiaWheels programme, which previously applied to new car sales only.
CEO of Scotiabank, Bruce Bowen (centre), and Charmaine Lee (left), managingdirector of Crystal Vehicle Sales, listen attentively as Andrew Jackson, headof Jetcon Cars, makes a point at the recent Scotiabank used car dealersaward ceremony.
