Big 5: Al Wasit to focus on financial flexibility
President, Abdul Qader A Mohamed Al Ali, says Al Wasit Machinery will continue to increase its financial offerings during the coming year
Al Wasit Machinery has revealed that flexible finance will represent a major component of its strategy during the coming year.
The dealer, which is the exclusive UAE distributor for Hyundai Construction Equipment, is looking to facilitate local end users that require machinery, but lack ready capital to purchase it outright.
“We are trying to help customers financially,” explained Abdul Qader A Mohamed Al Ali, president of Al Wasit Machinery.
“At this time, in this market, many contractors are finding it financially challenging to buy machines. We are trying to help them in conjunction with selected banks. With our biggest customers, we are able to offer financial packages directly. We want to help everybody out,” he added.
In addition to flexible finance packages, Al Wasit is also supporting customers that wish to divest their equipment assets.
“We also have a buy-back scheme for customers who are looking to offload their units; after three or four years, for example. This also helps Al Wasit in terms of customer retention,” the firm’s president told PMV.
Al Wasit Machinery is currently showcasing a range of its heavy-duty Hyundai units at the Big 5 in Dubai. For full coverage of the trade show, check out the December 2014 issue of PMV Middle East.