Family Bank Unleashes Vehicle Auction Bonanza: Grab Rides from Ksh 200K – Full Guide Inside
Family Bank is auctioning off 33 repossessed vehicles across Kenya, with reserve prices kicking off at just Ksh 200,000, spanning sedans, vans, trucks, buses, and even heavy machinery like excavators.
This diverse lineup caters to everyone from daily commuters seeking affordable cars to businesses needing robust workhorses for logistics or farming.
Sold strictly “as-is, where-is,” these auctions offer steep discounts compared to market rates, making them a smart buy in Kenya’s tough economy.
Spotlight on Bargain Hunters’ Favorites
Affordable gems include a 2009 Nissan Wingroad (Ksh 200,000), 2010 Nissan Vannette (Ksh 350,000), 2006 Toyota Liteace (Ksh 400,000), and 2006 Toyota Avensis (Ksh 380,000).
Mid-range picks like the 2018 Toyota Probox (Ksh 950,000) and 2011 Nissan X-Trail (Ksh 950,000) suit urban hustlers.
For haulers, check the 2015 Mazda Bongo Pickup (Ksh 600,000) or 2012 Faw CA 1038 (Ksh 700,000).
Heavy duty options shine too: 2024 Ford Ranger Double Cab (Ksh 4,150,000), 2023 Suzuki Max Single Cab (Ksh 2,500,000), 2022 Suzuki FVR 34P L/S.Boy (Ksh 4,500,000), and a 2014 Scania F310 Bus (Ksh 3,000,000). Construction pros eye the 2010 Caterpillar Excavator (Ksh 4,700,000), while trailers like the 2002 CMC Flat Bed (Ksh 1,750,000) appeal to transporters.
Brands cover Toyota, Nissan, Mitsubishi, Mercedes-Benz, Suzuki, and more, from 2002 to 2024 models.
Step-by-Step: How to Inspect and Bid Like a Pros
Start by viewing vehicles at key yards: Leakey’s Storage (Mombasa Road), Naivasha Auto Storage Yard, Bungoma Safe Keepers, Grey Posts (Kiambu), and others.
Call specific contacts for access e.g., 0724892586 for the Suzuki Max, 0743472588 for Mitsubishi Fuso, or 0722446471 for Ford Ranger.
Inspections are crucial; bring a mechanic to check engines, bodywork, and docs due to the no warranty terms.
To bid, submit a written offer to the Tender Committee at Family Bank by the deadline (check latest as September 1, 2025, was prior).
Include your bid amount, vehicle details, and contact info.
Highest compliant bids win; expect bank financing options post-purchase for qualified buyers. Monitor Family Bank’s site or socials for updates, as auctions rotate frequently.
Why Jump on Family Bank Auctions Now?
These sales stem from loan defaults, yielding 30-50% savings versus dealerships vital amid rising fuel and import costs.
Kenya’s repo market thrives, with banks like Family offloading assets quickly; similar auctions from Co-op or KCB draw crowds.
Pros: variety, transparency, local support.
Cons: potential repairs, no guarantees budget 10-20% extra for fixes. Ideal for startups, farmers, or matatu saccos scaling up.
Pro Tips for Winning Your Dream Ride
Research market values via Jiji or PigiaMe. Verify logbooks, PSV status for buses/trucks. Factor NTSA transfer fees (Ksh 10K+). Network with repeat bidders for insider yard tips.
For businesses, leverage Family Bank’s SME loans to finance winners.
This auction isn’t just a sale it’s a gateway to mobility on a budget.