Marketplace for used cars and motorcycles Ponova by OTP Bank is expanding its presence on the Ukrainian market
Fintech-product Ponova by OTP Bank at the beginning of September expanded the coverage of the Ukrainian used car market to 69%.
Currently, the marketplace has more than one hundred thousand used cars, 2,500+ used motorcycles, and the partner network includes more than 550 partners who have parking lots in 45 cities of Ukraine. Offers of used cars and motorcycles are updated daily in “Autobazar” and “Motobazar” sections accordingly.
The marketplace has built-in filters that help you find the most relevant car offers – car loan / car brand / mileage / year of manufacture / body type, etc.
There are two ways of car purchase: to pay immediately or to apply for loan by OTP BANK JSC. If the Bank approves the loan application, the funds are received within one day.
Buyers can use the help of a personal manager who accompanies the client at all stages: from the selection of a car to the agreement of financing terms. “The manager will identify the need and help select a car. If the client is in one city, for example, Ternopil, and the chosen car is in Poltava, the manager will independently organize a technical inspection of the car before purchase, and the buyer will receive a report on the car's technical condition via email, covering 27 parameters. This includes computer diagnostics, chassis diagnostics, engine and compression checks, body, interior, and equipment inspections, lighting checks, a test drive, and wheel alignment," - said Product owner of the Ponova by OTP Bank car marketplace Mykyta Alforov.
Among the marketplace's advantages is the opportunity to receive a discount on the car from the seller/dealership, with the buyer's interests represented at all stages (from car selection to financing) by a personal manager.
An additional bonus for buyers who purchase a car on credit through the Ponova by OTP Bank marketplace is free vehicle registration. "We will compensate the costs of paying for the registration certificate, service center fees, and the cost of a standard license plate," - added Mykyta Alforov.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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