Used vehicles. KIFAL Auto offers new options

KIFAL Auto announces that it is refocusing its offer to make it easier for Moroccan consumers to buy a used vehicle by paying in installments, in a context of falling new sales in 2022.

According to statistics from the Association of Vehicle Importers in Morocco (AIVAM), sales of new cars are down 8% compared to 2021. A drop which is explained in particular by breaks in the supply chain. supply and an increase in selling prices, making the cost of mobility higher and the acquisition of a second-hand vehicle more attractive than in the past.

In addition to cash purchases, historically dominant in the segment, KIFAL Auto customers now have the option of buying a used vehicle with different financing options ranging from 12 to 84 months: unallocated consumer credit, opportunity with a crossed out gray card or even the Murabaha with the participative banks.

An offer announced as a first by which the buyer can carry out all the steps online; from the simulation to the validation of the credit through the collection of documents. In addition, KIFAL Auto is today the only player to allow obtaining a financing option for any vehicle, whether or not it is for sale on its platform, it is announced.

Any second-hand vehicle is thus eligible for car credit, and in particular those sold during person-to-person transactions, which concern more than 90% of transactions in Morocco. Nizar Abdallaoui Maane, CEO and founder of KIFAL Auto, comments: “Since the launch in October 2022, we have seen very strong demand which confirms the need linked to the current context. In December alone, we received nearly 4,000 funding requests on our platform.”

This strategic repositioning of KIFAL Auto is a continuation of Autochek, the Nigerian startup that bought the Moroccan company last May. “This repositioning of KIFAL Auto is aligned with the global positioning of Autochek on the rest of the African continent, whose core business is to establish a bridge between buyers of used vehicles and financial institutions”, concludes Nizar Abdallaoui. Maan.

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