Garanti BBVA launches first eco-friendly business auto loan in Turkey
After debuting its loan offering for eco-friendly cars for individuals, Garanti BBVA announces Turkey’s first green car loan for businesses.
The launch marks another milestone in BBVA Garanti’s ongoing efforts to drive the transition towards a more sustainable economy – one of its strategic priorities - with new solutions. In line with the purpose of encouraging the adoption of environmentally friendly vehicles, Garanti BBVA expands its green auto loan offering, already available for individuals, with this new product for all kinds of businesses, such as fleet management companies or vehicle financing businesses.
With the launch of this loan, the first of its kind in Turkey, Garanti BBVA intends, on the one hand, to lead the transition towards the use of hybrid and electric vehicles among companies, with very competitive interest rates, and on the other, to contribute to securing the future of the planet by encouraging fleet renewal with green vehicles.
In the fight against environmental threats, automakers, still largely reliant on fossil fuels, have started, in recent years, adding hybrid and electric models to their lineups, vehicles that stand out for their fuel efficiency and eco-friendly features. Consumers and businesses have also started considering eco-friendly alternatives when looking for a new vehicle to buy or lease.
As it already did in 2009 with the launch of its green auto loan for individuals, Garanti BBVA seeks to leverage its consolidated financial capacity to expedite the country’s green shift: now, with its green auto loan for businesses subject to very favorable conditions.