Mandiri Utama Finance Celebrates Bekasi With MUF Auto Fest 2024 Automotive Exhibition

JAKARTA - Mandiri Utama Finance (MUF), a subsidiary of PT Bank Mandiri (Persero) Tbk which is engaged in financing, for the first time held an Auto Fest MUF in Bekasi City, West Java. The automotive exhibition, which is held on a roadshow in several big cities in Indonesia, presents a wide selection of the latest vehicles from various brands, both four-wheeled and two-wheeled.

Located at The Atrium, Summarecon Mall Bekasi, MUF Auto Fest 2024 opened on Tuesday, August 20, 2024 and lasted until Sunday, August 25, 2024. Visitors can try directly their dream vehicle while getting a choice of automotive financing solution with special offers during the event.

Yanto Tjia, Marketing SEVP Mandiri Main Finance said that this event was held to serve the enthusiasm of the Bekasi people for automotive products, both new and used.

"Through this event, MUF presents various special programs and offers for conventional financing and sharia financing that can be utilized by the community," said Yanto.

Yanto explained that the company is preparing promos in the form of new car margins starting at 2.00 percent for sharia financing, and new car interest starting at 2.00 percent for conventional financing, admin costs starting from Rp1 and motorcycle installments starting at Rp700 thousand. MUF also provided e-voucher prizes of up to Rp1 million and voucher car opening worth Rp3 million.

Mandiri Utama Finance also provides special instant approval facilities for selected customers. Not only new vehicle purchase transactions, but MUF Auto Fest 2024 visitors can also carry out the Trade-In program provided by MUF in collaboration with car showrooms and partner motorbikes," concluded Yanto.

Meanwhile, Finance & Risk Management Director Mandiri Utama Finance Rully Setiawan said that Bekasi is an area with a large growth potential for financing distribution for the Jabodetabek area. "We are very enthusiastic to present an Auto Fest 2024 MUF in Bekasi City, a city in the Greater Jakarta area known for its rapid enthusiasm for innovation and economic growth. From January to July 2024, the distribution of vehicle financing in the Jabodetabek area reached IDR 3 trillion, contributing 24.3 percent of the company's total disbursement of financing. Therefore, this region is a strategic area to encourage the performance of the company's financing distribution," said Rully.

Rully also explained that through this event, MUF also supports the implementation of environment, social and good governance (ESG) by promoting the use of environmentally friendly vehicles. MUF also provides a choice of sustainable financing for electric vehicles (EVs), both battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs).

"As a subsidiary of Bank Mandiri, we are committed to supporting the Indonesian government's target of achieving Net Zero Emission in 2060. In the first semester of 2024, MUF has distributed Rp361.6 billion of financing products for environmentally friendly vehicles, growing 331% compared to the previous year. MUF's electric vehicle financing contributed 3% of the total financing disbursed by the company," added Rully.

Mandiri Utama Finance consistently recorded good business and financial performance. Until July 2024, the distribution of MUF financing reached IDR 12.5 trillion, grew by 7.8 percent YoY and total financing receivables reached IDR 33.6 trillion, an increase of 17.8 percent YoY. Meanwhile, the company's total assets have reached IDR 13.8 trillion, growing 39.6 percent YoY.

To maximize services, Mandiri Utama Finance presents MONA (MUF Online Assistant) which can be accessed anytime and anywhere to be able to provide consumer services in the form of MUF product and service information to consumers digitally. Consumers who are interested in getting financing from the next MUF can meet MONA on various platforms, such as WhatsApp, Line, Telegram, and the official MUF website.