Guaranteed BBVA launches the first eco-responsible car loan in Turkey

The launch marks a new step in BBVA Garanti’s continued efforts to drive the transition to a durable economy – one of its strategic priorities – with new solutions. In order to encourage the adoption of environmentally friendly vehicles, Garanti BBVA is expanding its green auto loan offer, already available to individuals, with this new product for all types of businesses, such as fleet management companies or vehicle financing companies.

With the launch of this loan, the first of its kind in Turkey, Garanti BBVA intends, on the one hand, to lead the transition to the use of hybrid and electric vehicles with companies, with very competitive interest rates, and on the other hand, contribute to securing the future of the planet by promoting the renewal of fleets with green vehicles.

In the fight against environmental threats, automobile manufacturers, still largely dependent on fossil fuels, have started in recent years to add hybrid and electric models to their ranges, vehicles which are distinguished by their fuel consumption and environmentally friendly features. Consumers and businesses have also started to consider green alternatives when looking for a new vehicle to buy or lease.

As it already did in 2017 with the launch of its green auto loan for individuals, Garanti BBVA wishes to take advantage of its consolidated financial capacity to accelerate the green turn: now, with its green auto loan to companies subject to very favorable conditions.

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