New Protection Against Increasing Risks: Quick Sigorta Launches KASKONOMIQ-Supported Loan Initiative for Vehicles Over 10 Years Old

In Türkiye, the increasing risks of secondary natural disasters such as floods, inundations, and landslides are making vehicle ownership and mobility needs not only an economic matter, but also one centered on protection and security.

Based on this new risk reality, Quick Finans has introduced a new model covering a broad segment of the second-hand automobile market that had previously remained outside the scope of financing.

6.5 Million Vehicles Are Being Included in the System for the First Time

Approximately 6.5 million vehicles that were previously unable to access loans and motor own damage insurance (kasko) due to the 15-year age limit are now being incorporated into the system through the newly developed insurance and financing model. This transformation represents not only an expansion in lending, but also the beginning of a new protection-oriented era.

Not Just a Loan: Full Protection Through Insurance

The most critical differentiating factor of this model developed by Quick Finans is its integration with the KASKONOMIQ solution developed by the group’s flagship company, Quick Sigorta.

Thanks to this structure, which has been made accessible especially for vehicles over 10 years old:

·      Protection is provided against all risks, particularly increasing disaster risks such as floods, inundations, fires, and earthquakes

·      Expanded motor own damage insurance (kasko) coverage is offered at accessible costs aligned with vehicle value

·      Financing and insurance are combined under the same structure to create a comprehensive protection model

“Not the Age of the Vehicle, but Protection Matters”

In the statement made, it was emphasized that the issue today is no longer solely about vehicle financing, and the following remarks were shared:

“In a period where climate-related risks are increasing, we are providing vehicles over 10 years old with access to both financing and insurance protection simultaneously.

With our loan model supported by KASKONOMIQ, we complement the approach of ‘access to vehicles at every age’ with the understanding of ‘protection under all conditions.’”

A New Era in the USD 130 Billion Market

With this new model, the second-hand automobile market, which has an estimated size of approximately USD 130 billion, will:

·      Reach a broader customer base

·      Increase trust in trade-in and auction systems

·      Expand the volume of registered and insured transactions

The following assessment was also included in the statement:

“Our goal is not only to provide loans, but also to establish a structure that expands the system, makes it more secure, and ensures sustainability. We believe that this model will create a new standard across the entire sector.”

Users wishing to access KASKONOMIQ insurance and KASKONOMIQ-supported loan solutions for vehicles over 10 years old will be able to contact Quick Sigorta agents and authorized dealers of Quick Finans, or submit applications through the relevant websites. In addition, businesses that wish to do so will also have the opportunity to join the Quick Finansall ecosystem and become a “Quick Finansall Solution Center.”