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Monday, April 28, 2025
27.8 C
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Monday, April 28, 2025

Asialink, AutohousePH bridge vehicle financing gap

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Asialink Finance Corp. (AFC) teamed up with AutohousePH, a Cebu-based digital vehicle marketplace, to help bridge the vehicle financing gap and make car ownership more accessible nationwide.

The collaboration was formalized at a contract signing event at the AFC Head Office, signaling a shared goal of widening financial inclusion and leveraging technology to simplify vehicle acquisition.

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“In a country where vehicle ownership can open doors to mobility, opportunity, and economic growth, it’s concerning that many Filipinos still find the process difficult, expensive, and intimidating,” said Samuel Cariño, president and chief executive of Asialink Finance.

“This partnership breaks down those barriers by combining digital convenience with accessible financing, thus making car ownership a reality for more people, especially in underserved areas,” he said.

AutohousePH offers a digital platform where users can browse, bid on, and purchase bank-repossessed and pre-owned vehicles. Previously, access to these units was often limited to in-person auctions or closed networks. The platform connects buyers directly to bank inventories, offering a more transparent and user-friendly experience. Its growing presence across the country gives everyday Filipinos the opportunity to acquire affordable, high-quality vehicles.

Under the partnership, AFC will provide flexible financing options to customers using the AutohousePH platform. The goal is to simplify the vehicle acquisition process and remove financial hurdles that have long prevented many from purchasing their own vehicles.

The initiative also supports national goals for financial inclusion and digital transformation by empowering individuals and small business owners to invest in mobility that supports their personal and economic growth.

“We are not just offering financing, we are creating possibilities. As we prepare to open our 250th branch this year, this collaboration strengthens our commitment to making financing more inclusive, transparent, and accessible nationwide,” Cariño said.

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