SB Capital, Cats tie up for luxury car lease program

MANILA, Philippines - SB Capital Investment Corp.(SBCIC), a member of the Security Bank Group, has partnered with CATS Motors Inc., a local-based distributor of Mercedes-Benz, Chrysler, Jeep® and Dodge, to offer a more convenient lease program for luxury car buyers.

The partnership was made by SBCIC through its wholly-owned subsidiary SB Rental Corp.

Under the Star Lease Program (SLP),  the burden of high monthly payments, maintenance costs and low resale value from vehicle’s depreciation will now be a thing of the past. 

“As a member of one of the country’s leading financial groups, SB Rental focuses on delivering relevant, differentiated leasing solutions,” SB Rental chairman and Security Bank president and CEO Alberto Villarosa said during the recent signing of the memorandum of agreement. 

The SLP provides a compelling alternative option for clients to experience the premium Mercedes-Benz brand without a down payment or processing fee. 

“Our lease program puts you in control. This customizable lease provides options to set the residual value based on our customers’ requirements,” Villarosa said. 

“With the shifting trend of car ownership to car usage, car leasing best suits clients who frequently change their cars every two to three years,” Filipinos can now enjoy the freedom from ownership worries,” he added.

With the SLP, the customer has three options: extend the vehicle lease; return the car and lease a different unit, or return the car and end the contract at the end of the lease term. 

“Leasing a car also equates to monthly payments 50 percent cheaper than having your vehicle financed. Furthermore, a detailed and comprehensive wear and tear guide will be given to clients to ensure clarity and fair understanding between the lessee and lease company,” he said. 

“With this new finance platform, operational leasing terms can be customized for corporate or individual requirements. “Now partnered with SB Rental, our vision is to fulfill customer aspirations by opening a range of mobility solutions customized to fit your dreams within your financial plan,” CATS Motors Inc. president Felix Ang said.