Business news from Ukraine

Business news from Ukraine

Ponova by OTP Bank has increased its coverage of used car market to 69%

16 September , 2024  

In early September, the fintech product Ponova by OTP Bank expanded its coverage of the Ukrainian used car market to 69%.

Now the marketplace has more than 100 thousand cars and 2500+ used motorcycles, and the partner network includes more than 550 partners with car lots in 45 cities of Ukraine. Offers of used cars and motorcycles are updated daily in the Auto Bazaar and Motorcycle Bazaar sections, respectively .

The marketplace has built-in filters that help you find the most relevant car offers – car loan / car brand / mileage / year of manufacture / body type, etc.

You can buy a car or motorcycle in two ways: pay the money immediately or get a loan from JSC OTP BANK. In case of approval of the loan application by the Bank, the funds are received within one day.

Buyers can use the help of a personal manager who accompanies the client at all stages: from the selection of a car to the negotiation of financing terms. “The manager will identify the need and help you choose a car. If the client is in one city, say, Ternopil, and the chosen car is in Poltava, the manager will organize a technical inspection of the car before the purchase, and the buyer will receive a report on the technical condition of the car by e-mail based on 27 parameters. These include computer diagnostics, chassis diagnostics, engine and compression checks, body, interior and equipment checks, lighting checks, test drive, camber checks,” said Mykyta Alfyorov, Product Owner of the automotive marketplace Ponova by OTP Bank.

Among the advantages of the marketplace is the opportunity to get a discount on a car from the seller/dealership, and the buyer’s interests at all stages (from car selection to financing) will be represented by a personal manager.

An additional bonus for buyers who purchase a car on credit through the Ponova by OTP Bank marketplace is free car registration. “We will reimburse the costs of paying for the registration certificate form, service center services, and the cost of a regular license plate,” said Mykyta Alfiorov.