Absa Bank Kenya has called on Kenyans to take advantage of an ongoing auction featuring quality used cars, with bids starting from as low as KSh175,000. The move comes as part of the bank’s effort to make vehicle ownership more affordable while clearing repossessed and pre-owned units through a transparent public process.
The auction, which features a wide range of vehicles from small cars and SUVs to commercial units is open to both individual and corporate buyers. According to Absa, the sale provides a great opportunity for Kenyans to own cars at significantly lower prices compared to the open market, with financing options also available for qualified bidders.
“Vehicle ownership is now within reach for many Kenyans. This auction gives buyers a chance to get reliable used cars at fair prices, while also allowing the bank to recover non-performing assets responsibly,” a statement from Absa noted.
The vehicles listed for sale are available for viewing before the auction date, allowing interested buyers to inspect their condition and confirm documentation. Absa has also assured participants that all cars have been verified, ensuring a safe and legitimate purchase process.
Industry experts have welcomed the initiative, saying it could help open up opportunities for Kenyans who have long struggled to afford private transport amid the rising cost of new cars and import duties. With starting bids set at just KSh175,000, the auction is expected to attract significant public interest from both individuals and small businesses looking for affordable mobility solutions.
The sale reinforces Absa Bank’s commitment to supporting asset ownership and promoting financial inclusion. As more Kenyans explore the used-car market, this initiative could offer a timely boost to those looking to invest in reliable transport without the heavy price tag.
