DT Dobie and Co-operative Bank have entered a Kes 1B financing partnership that enables customers to purchase or lease Mercedes-Benz buses. This agreement will benefit institutions such as schools, churches, universities and fleet owners wishing to acquire more units.
During the launch of the partnership at DT Dobie offices, Mr. Mathew Mbuko the DT Dobie Project Manager for Mercedes-Benz Buses explained that 150 units of MB 917 and the bigger MB 1730 buses are available for customers to buy or lease. Schools and transport companies will have the option to decide the configuration of buses that suit them ranging from 37 seats to the ultra-luxury coaches.
In the recent years, Mercedes-Benz buses have become a common feature on Kenyan roads. They are NTSA approved and are built on dedicated bus chassis, their smaller optimized engine saves fuel and they have longer service intervals which decreases downtime. This means low running time and low fuel consumption.
Speaking at the same function, Ms. Jacquelyne Waithaka the Ag. Director Corporate & Institutional Banking at Co-operative Bank said that learning institutions will enjoy 95 percent for asset financing and 100 per cent for leasing for up to 60 months, and the offer is available to Co-operative Bank customers and non-customers. “To help customers acquire the bus they need with a payment they can afford, schools and colleges can have payments correspond with school terms for easier cash flow management”.
Leasing vehicles has become popular because the customer benefits from improved service by newer vehicles, easy budgeting due to the fixed monthly payments and is protected from inflation. Co-operative Bank tracks and monitors the vehicles, deals with routine administration including maintenance, service and repairs and manages the fleet so that clients can focus on uninterrupted service.
Mercedes-Benz buses are well engineered and have ABS, a pneumatic brake system and anti roll bars for improved safety. They are built on specific bus chassis and are more comfortable thanks to the parabolic springs suspension which gives a softer ride insulated from rough roads and an engine management system which optimizes performance in all sorts of terrains.