• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Sunday, June 1, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home Premium

Rising vehicle prices, e-application, boost demand for auto-financing

David Ijaseun by David Ijaseun
March 30, 2023
in Premium
0
Rising vehicle prices, e-application, boost demand for auto-financing
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

Auto-financing, also known as car finance, or car financing, is the range of financial products that allow people to buy a car in any way other than with a one-time lump payment.

The demand for auto-financing services is on the rise due to the increasing prices of vehicles since 2020, according to recent research. Auto-financing, which enables individuals to purchase a car through financing products other than a one-time lump payment, has seen a boost in popularity in recent years.

READ ALSO

Toyota transforms RAV4 into all-hybrid SUV starting 2026

Tesla loses ground in Europe as EV rivals surge amid cooling sentiment over Model Y

In addition, the auto-financing business has been boosted by the emergence of e-applications for car loans. The rise of online loan services such as Ally bank, Wells Fargo, and Chase in the U.S., and Autochek in Africa has made it easier for customers to compare loan services and apply for them.

If you’re considering purchasing a vehicle but are unable to make a one-time lump payment, auto-financing may be a viable option for you.

With the increasing availability of e-applications, it’s now easier than ever to compare loan services and apply for auto-financing. So, why not explore your options and see how auto-financing can help you get behind the wheel of your dream car?

Read more on Ready to buy your first car? Here’s what you need to know

Tags: Auto dealersauto-financing

Related Posts

Toyota transforms RAV4 into all-hybrid SUV starting 2026
Cars/SUVs

Toyota transforms RAV4 into all-hybrid SUV starting 2026

May 31, 2025
Tesla in Europe
Electric Vehicles

Tesla loses ground in Europe as EV rivals surge amid cooling sentiment over Model Y

May 27, 2025
Xiaomi hypercar
Business

Xiaomi rides high on Q1 boom, profits surge 65%

May 27, 2025
China’s BYD tops Tesla in European EV sales for the first time
Electric Vehicles

China’s BYD tops Tesla in European EV sales for the first time

May 25, 2025
Safe Return: The new tech making single-pilot flights safer than ever
Aerospace

Safe Return: The new tech making single-pilot flights safer than ever

May 24, 2025
Hawaiian Airlines
Aerospace

Passengers face steep penalties as Hawaiian Airlines tightens “no-show policy”

May 24, 2025
Next Post
PS5 Pro Console

Sony's PS5 Pro console anticipated to be released in Spring 2024

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

The 500,000th G-Class

Mercedes produced 500,000 G-Class in 44 years

April 27, 2023
Southwest Airlines

Domino effect: Alaska Airlines 737 MAX incident leads to Southwest delivery delays

April 12, 2024
Uber drivers in South Africa

User data: Uber denies breach, defends compliance in Lagos State amid threats of sanctions

March 12, 2024
NPA resolves decade-long gridlock, cuts port access from 10 days to 1 hour

NPA resolves decade-long gridlock, cuts port access from 10 days to 1 hour

May 15, 2024

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Toyota transforms RAV4 into all-hybrid SUV starting 2026
  • BMW reveals next-gen superbike concept with 230hp and carbon winglets
  • Tesla loses ground in Europe as EV rivals surge amid cooling sentiment over Model Y
  • Xiaomi rides high on Q1 boom, profits surge 65%

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In