Morocco's Bank of Morocco for Commerce and Industry (BMCI) has partnered with Kifal Auto to make financing used cars more accessible to customers. The partnership aims to purchase second-hand vehicles that are more affordable for Moroccan customers, thus expanding the country's car financing options.

Details Of The Partnership

As part of the partnership, BMCI will provide financing solutions, while Kifal Auto will be responsible for selling used cars to customers. The partnership will offer customers competitive interest rates and various financing options. Kifal Auto will also provide customers with the necessary documentation and paperwork for the car purchase.

The Growing Demand For Used Cars In Morocco

Morocco's automotive market has witnessed significant growth in recent years. As a result, the demand for used cars has increased as they are more affordable than new cars.

According to a report by the International Organization of Motor Vehicle Manufacturers, used cars account for nearly 80% of car sales in Morocco. Therefore, the partnership between BMCI and Kifal Auto comes when the market needs more accessible financing options.

The Role Of Bmci

BMCI is one of Morocco's leading banks with a strong presence in the car financing sector. The bank has been at the forefront of providing car loans to customers and helping them finance their purchases. The partnership with Kifal Auto will help the bank expand its reach and provide customers with more financing options.

The Role Of Kifal Auto

Kifal Auto is a leading car dealership in Morocco with a wide range of used cars for sale. The partnership with BMCI will help the company reach more customers and expand its customer base. Kifal Auto will also ensure customers receive the necessary documentation and paperwork for the car purchase.

Benefits To Customers

The partnership between BMCI and Kifal Auto will provide customers with a wide range of benefits. Customers can access competitive interest rates and a wide range of financing options.

They will also be able to easily purchase used cars and get the documentation and paperwork required for the purchase. The partnership will make the purchase of used cars more affordable, thereby increasing the number of people who can afford a car in Morocco.