Vehicle financing in Kenya has quietly become one of the best consumer products in the market. Rates are down, tenors are longer, and — if you know what to ask for — a well-structured facility can free up capital for what actually grows. ## Salaried customers: from 0% deposit If you are on payroll at an approved employer, most Tier 1 banks now offer: - Up to 100% financing - Tenors up to 60 months - Rates from 14.5% p.a. (reducing balance) The catch: your net-of-loan-repayment income must stay above 1/3 of gross. That single ratio dictates the ceiling on what you can drive. ## Business customers: from 10% deposit Asset finance for registered businesses looks different: - 90% financing on a signed pro-forma - 36–48 month tenors - Rates 14–17% p.a. depending on cash-flow strength Unlike consumer loans, asset finance sits on the business balance sheet and the interest is tax-deductible — worth roughly 3–4% effective saving. ## Hire purchase — often better than a loan Ownership transfers only on final payment, but rates are typically 1–2% cheaper and insurance is often bundled. Ideal if you plan to trade in inside 24 months. ## What actually to ask for - Reducing-balance rate, always - No early-settlement penalty - Insurance premium financing option Run the numbers on our financing calculator before you visit any dealer — you will negotiate differently.

Salaried vs Business Financing: Which Route Gets You the Better Car?