Leasing – CFAO Mobility Zambia

CFAO Motors (Zambia) Limited has signed Memorandum of Understandings (MOU’s) with several leading lending institutions in Zambia such as Banks and leasing companies to provide vehicle asset finance for customers who need a financing solution to purchase their new Toyota vehicle.

These MOU’s cover our full range of motor vehicles be they Sedans, SUV’s, Cross Overs and Pick Ups, and is applicable to individuals and organizations.

This solution bridges the gap between a dream and reality, helping those dreams come to reality by making car ownership affordable while delivering the following benefits.

Benefits for Individuals

  • Affordable and easy to access facility
  • Flexibility of payment structure
  • Insurance premium finance over 12 months
  • Early settlement option available
  • Quick Financing decision

Benefits for Companies

  • Greater ‘cash flow’ management
  • Increased tax benefits
  • Flexible and structured payment terms
  • Insurance premium financing over 12 months
  • Early settlement
  • Employee car schemes
  • Fleet financing
  • Competitive insurance rates

To qualify for vehicle and asset finance, a customer must meet the following requirements.

Individual Requirements

  • Payslip
  • Driver’s license & NRC
  • Quotation from CFAO Motors for the motor vehicle
  • Letter of Introduction stating the following:
  • Name of applicant and NRC Number
  • Position of applicant
  • Residential address for the applicant
  • Employment Status. (Whether permanent or contract, if contract, the letter should state how many times the contract has been renewed, tenure of the contract and when the current contract was signed)

Company Requirements

  • Completed standard application form
  • Certificate of Incorporation and Articles of Association
  • Certificate of VAT Registration
  • Latest audited financial statements
  • Detailed Cash Flow Projections for the immediate 12 months with consolidated projections for the subsequent expected lease term, including assumptions of income source
  • Aged Debtor’s Analysis
  • Aged Creditor’s Analysis
  • Details of facilities enjoyed with other banks including limits and utilizations.
  • Profile of Company, Products, Directors, and key Management Staff
  • Quotation from CFAO Motors for the motor vehicle
  • Board resolution


The tenure for Vehicle Asset Finance ranges from 1 year (12 months) to 7 years (84 months) depending on the lending institution and customer.

For more details you may call us on +260 9712608000 or visit any of our branches.

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