Mikano Motors, Autochek Strike Deal To Boost Car Financing In Nigeria

With the collaboration now in effect, prospective buyers can access Mikano Motors’ entire vehicle lineup through a dedicated virtual showroom hosted on the Autochek platform. The digital interface enables customers to explore models such as Changan, Maxus, and other brands within the company’s portfolio, compare specifications side-by-side, apply for structured automotive loans, review flexible payment options, and obtain faster credit decisions, allowing them to complete key stages of the purchasing process online without visiting a physical showroom.

Industry observers note that the partnership aligns with Mikano Motors’ broader commitment to improving the vehicle ownership experience. Group Executive Director of Mikano Motors, Joelle Haykal, explained that the company’s approach goes beyond selling vehicles, emphasising long-term ownership value through warranties of up to six years or 200,000 kilometres, nationwide after-sales support, and the reliability associated with the firm’s more than three decades of operations in Nigeria. She added that the collaboration with Autochek integrates premium mobility solutions with accessible financing options, providing customers with greater flexibility and confidence when purchasing vehicles.

On its part, Etop Ikpe, Chief Executive Officer of Autochek Africa, stated that limited access to financing has long been a major barrier to vehicle ownership in Nigeria despite strong consumer demand. He noted that the partnership with Mikano Motors is designed to address this challenge by combining Mikano’s premium vehicle offerings with Autochek’s embedded financing technology, which connects customers to multiple banking partners and enables quicker loan approvals.

Analysts say the introduction of the Mikano Motors Virtual Showroom on the Autochek platform reflects a broader shift within Nigeria’s automotive sector, as brands increasingly adapt to the country’s expanding digital economy. As more consumers expect to initiate and complete major purchases online, the integration of traditional showroom experiences with digital accessibility is viewed as a significant step toward modernising the vehicle buying process.

Ikpe further emphasised that the collaboration represents a new model for how vehicles can be discovered, financed, and owned in Nigeria, adding that the initiative demonstrates the potential for similar innovations across the African automotive market. 🚗📱