Peugeot Myanmar, in cooperation with Myanmar Citizen Bank, will start selling Peugeot cars under a five-year auto loan. The installment payment program requires a 20 percent down payment and then monthly payments for the remaining five years.
“If you buy Peugeot cars through other banks, the down payment will be 30 percent, but with MCB bank, you will only need to pay 20 percent as a down payment. This is to help the buyers to purchase vehicles easily,’’ Daw Amy, Sale Manager of Peugeot Myanmar, told Myanmar Business Today.
The interest rate for the loan is 7.5 percent and Peugeot Myanmar has been working with other banks such as Ayayarwady bank, Yoma Bank and AGD Bank, and now extending its network with MCB Bank.
Peugeot Myanmar’s Peugeot 308 is listed at $58,700, Peugeot 508 is selling for $67,900, and the 3008 is going for $78,500.
Peugeot Myanmar opened its first showroom as the only authorized seller in Yangon 2016 for France’s Peugeot vehicles, and now they have opened show rooms in Mandalay and Naypyidaw.