Good news to Filipino entrepreneurs, Foton Motor Philippines, Inc. (FMPI) has partnered with BPI-Family Savings Bank (BSFB) to offer more affordable bank financing for its heavy-duty trucks. Yes, logistics and freight company owners may now squeeze in their budget and be able to purchase Foton trucks with complete peace of mind.
This partnership will include Foton’s big trucks of up to 10-wheelers to the list of vehicles that can be availed through BSFB. Before this program, only Foton passenger cars and light-duty trucks are offered with BFSB financing.
Sytin also said that with this program, there is an assurance of more flexible payment schemes, as well as affordable packages, and faster application process and approval. There will no longer be fear of longer transactions and delay of receiving feedback, which is how regular financing schemes work.
According to PFSB first vice president Dennis Fronda, Foton and BSFB aim to provide financing ways that are flexible enough to suit varying circumstances. This includes fixed interest rates depending on the length of the agreement, which certainly gives customers enough time to plan and budget their finances.
Foton is hoping to convince businessmen in the country to invest in trucks and logistics. A much larger vision of the company is to maintain the production of reliable vehicles that will answer the needs of Philippine transportation. This initiative is one of the main contributing factors for the company’s official recognition as 2018’s Top 3 Best-Selling Truck Brand in the Philippines.