If you’re eyeing the all-newMontero Sportor the Mirage G4 as your next ride, you’re in luck as Mitsubishi Motors Philippines Corp. (MMPC) makes it easier to own one – at least for dealers in Metro Manila and nearby provinces.
How? MMPC has officially put up their own financing company. They call it MMPC Auto Financial Services Corp. (MAFS), which is a joint venture between MMPC, JACCS Co., Ltd, and BDO Leasing and Finance, Inc. (BDOLF).
MAFS aims to provide attractive and flexible financing packages for customers who want to own a Mitsubishi. And when we say flexible, we mean that the down payment could go lower than 20%, as advised by MAFS President and CEO Mikihisa Takayama.
The loan process will also be faster, since they eliminated the presence of a third party financing company that could take days for approval. With MAFS, an auto loan application is said to be processed in as fast as one day.
We are more flexible and free so we can consider lower down payment from the usual 20 percent. But I can’t say how many percent yet because we are still in the start-up period,” he added.
Although MAFS is available in 16 dealerships in Metro Manila and surrounding provinces for now, MMPC is looking to cover all 49 dealers in the country by Q2 of 2017. With continued growth, MAFS projects that by the year 2020, they will finance a total of 20,000 cars.