Understanding Installments for Repossessed Cars in Kenya
Purchasing a car can be an exciting yet challenging process, especially when considering repossessed vehicles. These cars can provide an affordable alternative to traditional car buying methods. In Kenya, the market for repossessed cars is growing, offering opportunities for buyers looking for good deals. However, understanding the specifics of financing options, particularly through installments, is crucial. This guide will explore the various aspects of buying repossessed cars through installment plans, helping you make informed decisions as you navigate the complexities of this process.
What are repossessed cars?
Repossessed cars are vehicles that have been reclaimed by lenders when borrowers fail to meet their payment obligations. These cars are typically sold at auctions or through dealerships, often at significantly reduced prices.
What happens if I miss an installment payment?
If you miss an installment payment, the lender may charge late fees or, in severe cases, repossess the vehicle.
Are repossessed cars sold as-is?
Yes, repossessed cars are typically sold as-is, meaning the buyer is responsible for any repairs or issues after purchase.
How can I find repossessed cars for sale?
You can find repossessed cars for sale through auctions, online marketplaces, or dealerships that specialize
How can I contact Eleven Motors for help?
Need assistance choosing or importing your next vehicle? Our team estimates taxes, timelines, and inspection requirements for your exact year and trim, then guides you from sourcing to handover in Nairobi or your town.
Frequently Asked Questions
What is the starting price for installments for repossessed cars kenya in Kenya?
Pricing varies by year, trim, mileage, and condition, but entry examples often start around KES 2–3 million.
How long does it take to import installments for repossessed cars kenya to Kenya?
Typical timelines range from five to eight weeks depending on vessel schedules and clearance.
Which inspections are required for installments for repossessed cars kenya?
Expect a valid roadworthiness inspection such as JEVIC plus KEBS compliance.
What duty and taxes apply for installments for repossessed cars kenya?
Customs valuation, age bracket, and engine size determine payable taxes; we estimate before shipping.
Is financing available for installments for repossessed cars kenya?
We can connect qualified buyers with partner lenders offering flexible repayment terms.
Does Eleven Motors assist after purchase of installments for repossessed cars kenya?
Yes, we advise on servicing, parts sourcing, and reputable workshops for smooth ownership.