In today’s economy, access to a vehicle has become increasingly essential. Whether it’s expanding a business, serving customers more efficiently, or simply navigating daily life, mobility can make the difference between keeping pace and staying ahead. Yet, for many Nigerians, high vehicle prices and limited access to financing continue to make vehicle ownership difficult to achieve.
To help bridge this gap, Access Bank introduced AutoFest under its Vehicle Asset Financing (VAF) programme. The initiative connects customers with trusted automobile dealers and flexible financing solutions, making the journey to vehicle ownership simpler, faster, and more accessible.
Here are nine ways the initiative is helping to make vehicle ownership more accessible across Nigeria.
1. Own a Vehicle with Just 10% Equity Contribution
One of the biggest barriers to vehicle ownership is the high upfront payment required to purchase a car. AutoFest lowers this barrier by allowing eligible customers to begin the process with a minimum equity contribution of just 10%, while financing covers up to 90% of the vehicle value, subject to credit approval.
2. Reduce Your Total Cost of Ownership
The value extends beyond helping customers acquire the vehicle of their choice. Through competitive pricing from participating dealers, affordable financing, and value-added ownership benefits, customers can reduce the overall cost of ownership while enjoying greater value from the moment they make their purchase.
3. Access Financing for Both New and Certified Pre-Owned Vehicles
Whether you’re looking for a brand-new vehicle or a certified pre-owned option, customers can access financing across both categories. This provides greater flexibility to choose a vehicle that best suits individual needs, preferences, and budget.
4. Choose from Leading Automotive Brands in One Place
Rather than searching multiple dealerships, customers can explore vehicles from reputable automobile partners participating in the programme. These include CIG Motors, Mikano Motors, Kewalram Motors, Stallion Motors, Elizade JAC, CFAO Motors, and other mobility partners.
5. Enjoy a Simpler Digital Financing Experience
The application process has been designed to reduce the complexity often associated with vehicle financing. Customers can initiate their applications digitally and track the process through a streamlined customer journey.
6. Financing That Supports Individuals and Businesses
The programme extends beyond personal vehicle ownership. It also supports SMEs, corporate organisations, schools, hospitals, fleet operators, and entrepreneurs seeking vehicles for business operations, logistics, or staff mobility.
7. Flexible Repayment Options
Recognizing that every customer has different financial circumstances, structured repayment plans are tailored based on affordability and credit assessment, making financing more practical for a broad range of customers.
8. Straightforward Documentation Requirements
Applicants only need standard documents such as a valid means of identification, proof of income, bank statements, proof of address, and a vehicle quotation or invoice, alongside any additional documents required during the credit assessment process.
9. Multiple Convenient Ways to Apply
Customers can begin the application process through their Access Bank relationship manager, designated digital platforms, participating dealerships, or other approved onboarding channels, making it easier to start the journey toward vehicle ownership.
Vehicle ownership no longer has to be an overwhelming financial commitment. With flexible financing, access to trusted automobile brands, and a streamlined customer experience, AutoFest is helping more Nigerians take the next step towards owning a vehicle that meets their lifestyle or business needs.
To key into the Access Bank AutoFest initiative and acquire a car of your choice, please contact your account officer or click HERE to fill the Vehicle Asset application for or send an email to 2026autofest@accessbankplc.com
