Why not asking your bank to pay for your car repair? Well, most banks will not entertain such a request at all. From the 1st of April 2013, ARM is offering their clients convenient payment play for their car repairs at 0% interest.
Furthermore, you can choose dependent on the bank between the running time of your repair payments, your monthly installment could be made in 3, 6 or 12 months via clients Credit Card on a very convenient and simple way
We asked Alex Renner Managing Director of ARM why coming up with such an idea and facility and negotiating with several banks such a scheme. “After introducing our Porsche Extended Warranty we felt the need to address that particular subject concerning all three brands since the cars we maintain and repair can have heavy repair bills which on many cases it would be a very easy and nice option for the client to be able to pay in installments. We noticed that
many clients would like to make repairs but do not necessarily see the need to pay the repair amount at once or have other commitments which could rule out a proper repair of the vehicle. So we sat down with various banks, National Bank of Abu Dhabi, Mashreq Bank, Citibank and Emirates National Bank of Dubai (we are currently also speaking to HSBC)and discussed our idea to see the positive response from the banks. All banks agreed to join us in offering this kind of repair schemes and with having these banks on board we do cover 90% of the Credit Cards where within the UAE.”
Are there any exclusion or exemptions as far as the repairs are concerned? “No”, Alex replied, “There are no repair exclusions and can cover normal technical as well as cosmetic and body repairs. It is understood however, that the repair value has to reach a certain amount to apply for this scheme. The offer of 0% interest and a flexible repay term is really very good. We are very confident that our clients throughout each brand will like our new payment scheme as option and facility offered when dealing with ARM”.