ComBank-Carmart make Peugeot and Leapmotor vehicles more accessible

Commercial Bank Assistant General Manager Personal Banking and Retail Products Kapila Liyanage and Carmart Managing Director Senake Amerasinghe exchange agreement in the presence of representatives of the two companies

Strengthening its commitment to making vehicle ownership more accessible and affordable, Commercial Bank of Ceylon has entered into a strategic partnership with Carmart (Pvt.) Ltd to offer specially structured leasing facilities for Peugeot and Leapmotor vehicles.

Formalised through a memorandum of understanding (MoU), the collaboration brings together the bank’s expertise in flexible financing and Carmart’s portfolio of internationally recognised vehicle brands, creating a value-rich proposition for the customers seeking to purchase new vehicles.

Under this MoU, valid until June 30, 2027, Commercial Bank will offer attractive interest rates, concessions on documentation charges and a complimentary credit card with the first year’s annual fee waived. These benefits are designed to reduce upfront costs and ease the financial commitment associated with vehicle ownership. 

With leasing facilities available through Commercial Bank’s islandwide branch network, a cross section of customers will be able to part-finance their vehicle purchases while structuring repayments to align with their income patterns, enabling greater financial flexibility.

Further enhancing the value proposition, Carmart will offer the customers a range of added benefits, including a complimentary full tank of fuel, free vehicle registration and other exclusive privileges, making the overall vehicle ownership experience more rewarding.

The bank said the partnership reflects its continued focus on delivering practical and customer-centric leasing solutions in collaboration with reputed vendors. By combining competitive rates with cost-saving concessions, the bank aims to make vehicle ownership more attainable for both existing and new customers.