Auto Don, a leading auto parts distributor and second-hand car trader, has recently struck a groundbreaking deal with the National Credit Union, revolutionizing the way customers apply for auto loans. This partnership will streamline the loan process, making it more convenient and accessible for those in need of financial assistance to purchase a vehicle.
Here’s how this collaboration will benefit customers:
- Loan Processing Simplified: Previously, customers would submit their loan applications to Auto Don, which would then search for a financial institution to fund the loan. Now, customers can have their loans processed directly at Auto Don, with the credit union handling authorization and disbursement smoothly.
- One-Stop Shop: Auto Don is transforming into a one-stop shop for car loans, providing customers with a hassle-free experience. The credit union and Auto Don will work closely together to complete loan applications, membership forms, pre-loan assessments, and credit checks, making the process seamless for customers.
- Additional Services: In addition to loan processing, Auto Don will help customers source insurance, handle document transfers to the tax office, and facilitate other necessary paperwork. This comprehensive service ensures that customers can acquire a vehicle without leaving the comfort of their home or office.
Furthermore, these loans will be available for motor vehicles up to 10 years old, with competitive interest rates ranging from 8 to 14 percent per annum. Vehicles that are newer will enjoy lower interest rates, providing customers with favorable financing options.
National Credit Union, known for its robust service in meeting the financial needs of National Commercial Bank Jamaica employees and their families, is excited about this new venture. With Auto Don managing loan applications on their behalf for the next 12 months, the credit union can focus on other critical aspects of its operation.
Auto Don’s Special Projects Coordinator, Donnell Martin, emphasized the company’s commitment to excellence in customer service and highlighted the founder’s vision of addressing consumer pain points in the car-buying process. By offering a full suite of services related to auto loans, Auto Don aims to double its business within a year, serving more customers efficiently and effectively.
The collaboration between Auto Don and the National Credit Union marks a significant advancement in the auto loan market, making vehicle ownership more accessible and convenient for customers. Don’t miss out on this opportunity to streamline your car-buying experience and secure your dream vehicle hassle-free.
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