Inside information
Cars
Leumi Bank signed on a huge car financing deal with Target Motors in Israel.
Recently, Bank Leumi which is one of the biggest banks in Israel has closed a huge deal with car importer "Target Motors" enabling them to offer car finance deals on unbelievable favorable terms. Target Motors is an authorized parallel importer of Toyota, Honda, Volkswagen and Skoda. As part of the deal, Target's customers will enjoy financing of up-to 100% of the value of the vehicle, on the exclusive terms of Prime + 0.6%. Under the terms of the agreement, customers of all banks, including Target Motors customers which bank accounts are managed by other banks, will also thankfully benefit from this. In addition to the low rates, the loan would also be outside of the customer's financial debt within the bank's credit line.