The AUTOHUB group, a major player in the automotive industry, has signed an agreement for the financing of its European ranges of motorcycles which include Vespa, Aprilia and Triumph with CSBank (Citystate Savings Bank) via its EuroCycleLoan.
The agreement was signed on September 1, 2022 at the Autohub Group Showroom in Bonifacio Global City, Taguig.
EuroCycleLoan is an exclusive product developed by CSBank for Autohub to cater to its European 2-wheel motorcycle brands with a minimum down payment of 20% and a maximum term of 36 months. This includes Vespa (S125, Primavera, Sprint and GTS), Aprilia (SR GT) and Triumph (all variants). Imported CBU units are well known for their performance, reliability and high ownership satisfaction with Autohub’s after-sales service and after-sales service.
“We are delighted to introduce our EuroCycleLoan, designed to meet the needs of discerning motorcycle enthusiasts who prefer major European brands,” said Jaime Valentin L. Araneta, COO of CSBank. Autohub Chairman Willy Q. Tee Ten added, “We welcome the EuroCycleLoan as a financing instrument that allows more convenience to own the best European motorcycle brands in the market.”
Attending the signing ceremony were Autohub President, Willy Q Tee Ten; CSBank Chief Operating Officer Jaime Valentin L. Araneta; Vespa GM Bienvenido Fontanilla; Samuel Montecastro, Managing Director of Triumph Motorcycle Philippines; Ginny E. Ampil, Autohub Finance and Insurance Manager; Arvin Ison, CSBank Auto Lending Manager, Domingo Ortiz, CSBank HOB-South Cluster Manager, Lizette Cuezon, CSBank Bank Branch Manager, and other managers and team members from CSBank and Autohub.
The EuroCycleLoan can be used in all CSBank branches and Autohub motorcycle showrooms (Vespa Greenhills, Marikina, CDO, BGC and Valenzuela; Triumph Greenhills and BGC). Interested parties can email Vespa Inside Sales Manager Ms. Julianne Chan —j[email protected] and Triumph Sales Manager Cris Cataroja—[email protected]
The Autohub Group also offers some of the world’s most sought-after vehicle brands – Pagani, Rolls-Royce, Lotus, Mini, GT-R, Shelby, Triumph, Vespa, Aprilia and Piaggio. This is in addition to their growing dealer network which includes Ford, Nissan, Mitsubishi, Suzuki, Hyundai, Mazda, Fuso, Foton, Cherry, MG, Geely, Ssangyong and Kaicene all over the Philippines.
With 30 branches, CSBank serves the Philippine middle market, offering various types of loans from individuals to SMEs, businesses and corporations. It also offers a solid product focused on the needs of teachers. The Bank is a member of the ALC group of companies and is celebrating its 25th year.