Frequently Asked Questions

We are a car dealership, founded in 2017 and registered in Feb 2019 as a limited liability company.

We import quality used cars from Japan and other countries, that have a good grade and fair mileage exclusively for sale on lease to own, to online cab drivers

Our focus is on small vehicles with an engine capacity of 1300cc and below. 

We pride ourselves in being the first company that offers lease to own to online cab drivers in Kenya

Our module of a lease to own is based on the arrangement where, you, as the cab driver, pays a set deposit for the car of your choice, and drive away with the car immediately and start working immediately

You then get to pay for the balance in daily or weekly installments and over a chosen period. 

After you are done paying, we hand transfer the logbook to you

We seek to offer an alternative to online cab drivers to own cars on a hire purchase module 

This is to give an opportunity of ownership to those who due to stringent rules on banks and Saccos cannot get car loans.

We have on boarded over 30 drivers and we aim to grow the number to over 100 in the next two years. 

So far we have some drivers who have completed repaying for their vehicles and are enjoying the benefits of the partnership

We require a minimum deposit of 15% of the market value of the car.

Then we break the remaining amount into equal weekly installments. We insist on weekly installments to mimic what is happening in the industry where most drivers pay the car owners every week.

We don’t work with interest rates per se. Our model is different from financial institutions thus arriving at the final price is also different

We look at the total costs that we have incurred to avail the car to you. 

These costs include the cost of importing the car, taxes, and clearing charges.

Other costs include insurance, installation of the tracker and other safety kits, administration costs as well as other miscellaneous expenses

The time value of the money we have spent and our business margins are also factored in.

At the moment the following are the vehicles on our list; Toyota Vitz 1000cc, Toyota Passo 990cc, Mazda Demio 1300cc. We narrowed it down to these models because it’s easy to upload them into any online taxi app platform and they are also fuel-efficient. 

In cases where the vehicle you want is not on the list then we can also import for you after passing the vetting process and paying the minimum deposit required upfront.

However, the chosen car model should be easy to upload to at least two major taxi-hailing apps. 

In the future, we are looking forward to importing seven-seater car models as well.

We cater for the cost of installing the tracker, alarm, riveting the movable parts, car identity, and NTSA inspection after kitting the vehicle with the first aid kit, fire extinguisher, and lifesaver.

We also cater for the comprehensive PSV insurance for the entire lease to own period.

This is to give you a soft landing and reduce your initial costs thus enabling you to start business immediately after paying the first deposit.

We will enter into a re-negotiation with you bearing in mind the amount that you have paid so far and the period that has lapsed, as well as the cumulative costs that we have incurred so far.

We will then recalculate the amount that you can pay to end your contract early.

In case you fall sick and you are unable to work for a few days, we ask that you notify us immediately and send us evidence of hospitalization or a letter from the doctor confirming that you are too sick to work. 

We care about your well-being and we will give you a few days off.

As soon as you are ok you are required to give us a plan on how you will recover the accumulated payments since the contract is not extendable.

We will treat these occurrences on a case-by-case basis as your repayment history will also play a big part in all this.

In case of an accident, the first thing you need to do is inform us and we will liaise with our insurance agency to advise on the best course of action.

Our company policy allows us to claim from the insurance only if the value of repairs to be done is more than Ksh 50,000.

For repair values less than Ksh 50,000 we will ask you to sort it yourself as the amount of time and bureaucracy it will take to follow up with the insurance company does not warranty the downtime you will have. 

Kindly note, if we keep claiming for any minor accident we risk being classified as a high-risk portfolio hence we might incur higher premiums in the future.

As per the contract, all payments are made every week. Our week runs from Monday to Sunday so you are expected to make your payment on Monday of the following week.

Should you fail to make your payment by Wednesday and pay on Thursday or Friday then we will penalize you 5% of the weekly amount. 

Should you make your payment on Saturday or Sunday then you will be penalized at a rate of 10% of the weekly amount.

Since the lease-to-own program is meant for online drivers, we vet the documents provided to ascertain that you are an online driver. 

If your documents don’t meet the minimum requirements, then we will give you regret. 

In addition to vetting your documents, we also do additional screening to ensure that we are the best fit for you and that onboarding you will give both of us a 100% success rate.

It’s painful should we be forced to repossess the vehicle both for you and for us.

Bk Autos prides itself of being run by professionals with a solid record of Business Management. They bring onboard extensive experience from reputable organizations in the region. We are focused on delivering our core values of Integrity, Quality, Flexibility as well as being customer centric.
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