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One of the cornerstones of an economy is the availability of affordable transportation, hence, many countries around the world rely on the import of used motor vehicles as a means to satisfy local demand, as new motor vehicles are not affordable by most.
Historically, the financing of second-hand imported vehicles has not been part of any bank’s traditional business model, however, AVECS has partnered up with Stanbic Bank Africa to provide a market-leading service of financing secondhand vehicles in Africa.