Commercial Bank tied up with Sathosa Motors (SML) on leasing Isuzu lorries and buses
View(s):The Commercial Bank of Ceylon has tied up with Sathosa Motors (SML) for the sixth time to offer attractive terms and benefits on leasing Isuzu lorries and buses at convenient terms, a top official of SML said.
Sathosa Motors Executive Director Tilak Gunasekera told the Business Times that the bank will offer a 17 per cent leasing interest rate to buyers of Isuzu lorries and buses. A minimum discount of Rs 50,000 on Isuzu lorries and Rs 150,000 on Isuzu buses would be given for purchases through this joint promotion which will continue till April this year, he revealed. This is the sixth joint promotion of this nature by Commercial Bank and SML.
The total package includes six free motor vehicle services from Sathosa Motors. The bank will provide competitive rentals and special payment schemes for selected models while arranging for attractive insurance cover for interested lessees through the bank’s bancassurance channels, he disclosed. Established in 1962, SML has succeeded in strengthening its reputation in the commercial truck segment with its brand of Isuzu commercial, heavy duty and light duty vehicles and pickup trucks.The Isuzu brand is the market leader in the local truck market, Mr.Gunasekera says.
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