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OMODA & JAECOO partner with Absa for vehicle finance

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OMODA & JAECOO partner with Absa for vehicle finance

At the start of June 2024, the fast-growing automotive marques – which are together known as Brand O&J – entered into a vehicle-finance alliance agreement with what is one of Africa’s largest diversified financial services groups. As such, OMODA JAECOO Finance, a product of Absa, was born.

OMODA will grow its stable of products to offer local customers a wide range of high-quality, intelligent models.
“We’re incredibly excited to announce this partnership with Absa, a highly respected financial institution that we believe is fast becoming the bank of choice in the automotive industry,” said Shannon Gahagan, National Brand and Marketing Manager OMODA & JAECOO.

“The comprehensive financing options that result from this partnership will help to make our already very attractively priced vehicles even more accessible for local customers. As such, fans of Brand O&J should keep their eyes peeled for exciting credit offers in the near future,” Gahagan added.

Brand O&J has already made a strong impression on the local market. In April 2023, South Africa became the first country on the African continent to welcome the OMODA brand, with the C5’s unique silhouette immediately standing out in a market saturated with generic crossover shapes. The limited-edition C5 GT was added to the line-up in November of that year.

Later in 2024, the OMODA range will grow with the arrival of the highly anticipated C9 luxury flagship as well as the fully electric E5, while the new C7 is also on the cards for a local introduction at some point further down the line.

“This partnership is testament to our commitment to driving innovation and accessibility in the automotive financing sector,” said Charl Potgieter, Managing Executive at Absa Vehicle and Asset Finance. “By collaborating with OMODA & JAECOO we are ensuring that customers can experience a seamless and efficient financing process, reinforcing Absa’s position as the bank of the automotive industry. Our goal is to help South Africans realise their dreams of vehicle ownership with unmatched convenience and service excellence.”

Meanwhile, newly established urban off-road SUV brand JAECOO launched its first model in the country as recently as April 2024, with the J7 immediately taking the market by storm. It’s worth noting that South Africa was both the first right-hand-drive market to launch the J7 as well as the very first in Africa.

In addition to the three-strong J7 line-up, the JAECOO portfolio is poised to welcome further models in the coming months. Local customers can expect to see the J8 PHEV arrive later in 2024, with the new J6 likewise in the planning for a local introduction. More details on these models will be released closer to their respective arrivals.

Notes to editor

OMODA is a forward-looking premium automotive brand founded in 2022 and already operating in South Africa as well as several other major markets, such as the United Kingdom, New Zealand, Mexico, Chile, Russia and Kazakhstan. OMODA also recently entered the European space, where it made its highly anticipated debut in Spain.

Established as an independent brand within the Chery Group, the OMODA name is an amalgamation of concepts key to the marque’s philosophy. The “O” stands for oxygen, new life and vitality, while the term “MODA” refers to the modern and fashion-forward characteristics of this fresh automotive brand.

The OMODA range in South Africa currently comprises as many as 6 derivatives of the C5, including the limited-edition GT model. The sporty C5 has already been selected as a finalist in the 2024 South African Car of the Year (COTY) competition, where it is competing in the Compact Family category. Meanwhile, the C9 flagship and the fully electric E5 are scheduled to make local landfall later this year.

OMODA currently boasts as many as 39 dedicated dealerships around South Africa, carefully selected to cover all of the country’s major metropolitan areas and cities. The brand’s dealer network offers OMODA customers a dedicated range of sales and support services, and is backed by the Chery Group’s well-established parts warehouse and customer-care office.

All OMODA models ship standard with a generous 5-year/70 000 km service plan and a lengthy 5-year/150 000 km factory warranty (as well as Roadside Assist for 5 years), while the vehicle’s engine is covered by an industry-leading 10-year/1-million km warranty (the latter linked to the first owner).

Through exceptional product quality, ongoing technological innovation, avant-garde design and comprehensive strategic planning, OMODA will grow its stable of products to offer local customers a wide range of high-quality,
OMODA & JAECOO are pleased to announce a new partnership with Absa
“We’re incredibly excited to announce this partnership with Abs

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