Meet Mr Daniel Kimuyu, a banker by profession with all requisite papers, he has been in credit management in one of the renown financial institution, but decided to give a trial in second hand vehicle business
Today, Kimuyu is regretting why did he leave the job long time ago but he tells safinews.co.ke that, God’s time was the best, he is reaping big from sale of second hand vehicles
Mostly, amongst other reasons, Kimuyu says the rising economy has led to huge number of repossessed vehicles by Shylocks, Banks,Microfinances and other lending institutions after many fail to service their loans.
This, he credits leading to influx of second hand vehicles in different yards especially within Nairobi area, Kiambu Road, Thika Road, Mombasa Road and other areas.
At the touch of a button, you can get any vehicle you want at a favourable terms.
Kenya has experienced an increase in the number of second-hand car dealerships for several reasons:
Importation of Used Cars: Kenya has relatively high import duties and taxes on new vehicles, making brand new cars expensive for many people. As a result, there is a strong demand for affordable vehicles, and second-hand cars from countries like Japan, the United Kingdom, and the United States become more attractive options for potential buyers.
Affordability: Second-hand cars are generally more affordable than new ones, which makes them a popular choice for a large portion of the population. Many Kenyans prefer purchasing used vehicles that are still in good condition, rather than stretching their budgets to buy new cars.
Expanding Middle Class: Kenya’s middle class has been growing, leading to an increase in disposable income. As more people can afford private transportation, there is a rise in the demand for vehicles, including second-hand ones.
Limited Public Transportation: Public transportation in Kenya, while available, may not always be reliable or convenient, especially in rural areas. This drives people to opt for owning their vehicles, even if they are used cars.
Availability of Financing Options: Financial institutions in Kenya offer various financing options for purchasing used vehicles, making it easier for individuals to acquire second-hand cars.
Urbanization: With the ongoing urbanization, more people are moving to cities and towns, where having a personal vehicle can significantly improve mobility and convenience, leading to a surge in demand for used cars.
Online Platforms: The growth of online classified platforms and social media has made it easier for sellers to reach potential buyers and vice versa, facilitating the trade of second-hand cars.
For any enquiry of second hand vehicles. You can reach out to Daniel Kimuyu Via Whatsapp: 0712069158