Penny_Auto

Penny_Auto Penny Denari Limited is a local supplier of transport solutions mainly Car sales, Car hire, taxi services, supply of car spare parts and garage services.

Our service offerings have been designed to ensure client flexibility, comfort and convenience.

🔥🔥🔥850k DEAL🔥🔥🔥Toyota Crown KCJ Royal Saloon, 2500ccYear 2009, super clean.Ridgeways Call 0725346022🔥🔥🔥850k deal🔥🔥🔥🔥
16/10/2024

🔥🔥🔥850k DEAL🔥🔥🔥

Toyota Crown KCJ
Royal Saloon, 2500cc
Year 2009, super clean.
Ridgeways

Call 0725346022

🔥🔥🔥850k deal🔥🔥🔥🔥

⭕ Mercedes Benz E220D KDK✅Diesel✅Year 2016 Jan✅Super clean. Lavington ☎️ 0725346022💵 3.7M
18/11/2023

⭕ Mercedes Benz E220D KDK
✅Diesel
✅Year 2016 Jan
✅Super clean. Lavington
☎️ 0725346022
💵 3.7M

16/07/2023

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Toyota Harrier KBNSuper clean Accident freeOriginal paint. All new tyres. 0725346022 Ridgeways870k
15/07/2023

Toyota Harrier KBN
Super clean Accident free
Original paint.
All new tyres.
0725346022 Ridgeways
870k

Toyota Ractis KCM newshape1500cc pocket Kiambu road. Price > 630kCall Timothy 0725346022
23/05/2023

Toyota Ractis KCM newshape
1500cc pocket
Kiambu road.
Price > 630k
Call Timothy 0725346022

23/05/2023

Buying a used car: What are my payment options?

When buying a car, your payment options will depend on a range of factors. You could’ve prepared in advance and built up your savings. Or your old vehicle may have come to the end of the road sooner than you’d planned, which left you needing an urgent replacement – and a quick car finance solution too. Here we look at the pros and cons of each finance option and how they could apply to your situation.

>Cash and savings
It’s the best way to buy a used car if you can, simply because you won’t be paying any interest over time – and you’ll also take ownership of the vehicle there and then. You might have been saving up or maybe you’ve just sold a car? Either way, it makes an outright cash purchase possible.

The downside to using cash is that you could clear out your savings in one hit. It’s not such a good idea if you’d also earmarked your savings for something else. Ask yourself if you’d be able to cover any emergency bills after spending all your savings too. You don’t want to leave yourself short.

>Loans
Taking out a loan to cover the cost of buying a used car is one option if you can’t afford it outright. With a personal loan (unsecured), you can look to borrow the amount of money you need to cover the cost of your car – whether it’s the whole amount or to make up any shortfall that your cash savings don’t cover.

Bear in mind that lenders look at your credit rating when deciding on a loan application. If your rating isn’t perfect, you’re unlikely to be eligible for the best loan deals. You may not get the amount you need, while the prospect of higher interest rates could force the cost of this payment method up.

>Credit card
Using a credit card? This can be a cost-effective way to get your next car and it also lets you pay for it on the day. But using the right type of credit card is essential. For a start, you’ll need to check your credit limit is high enough to cover the total cost. Then there’s the question of interest charges.

One option is to use a 0% purchase card, spreading repayments across the interest-free period and clearing the balance before any interest is charged. Or you could look to use a cashback or rewards card, or a 0% balance transfer to pay off the full amount.

If you’re wondering how to pay for a used car from a dealer, many now accept major credit cards.

>Car Finance
Don’t think a credit card is the best way? Not sure about your chances of getting a loan? Not saved up enough? An answer is to buy a car on finance instead. These options can be a great way to spread the cost of a used car.

With a personal contract purchase (P*P) deal, you’ll pay a deposit and then make repayments over the course of 1 to 3 years – after which you can choose to keep the car or upgrade it.

Penny_Auto can guide you in a tailored version to suit your needs ...talk to us today?

23/05/2023

A guide on how to buy a used car in Kenya and things that you should check.

Once you have decided the amount of money that you want to spend in buying a second-hand car, you are good to go in choosing the type of vehicle you want depending on what is in the market from different sellers. We have summarized a guide for you to follow the next time you want to buy a used car.

How to buy a second-hand vehicle in Kenya/photo
>Car Inspection
Once you have settled on a particular car that you want, have it checked by a mechanic from reliable companies such as AA Kenya and Toyota Kenya. You will be given the operation state of that car as well as the value that the car should be sold at that time.

>Logbook check
Get a copy of the logbook of the vehicle from the owner. A log book proves ownership. If you get the copy you will be able to prove that the person selling the vehicle is the actual owner.

>Car Search
Perform an online logbook car search using the car's registration number to confirm the details of the logbook. This verifies that car duty has been fully paid and engine and chassis numbers have not been tampered with. By doing this you you will be able to ensure the vehicle has not been stolen and it has not been used in illegal operations in the country. A fee of 500/=
[by the time of writing this} is required by the National Transport and Safety Authority(NTSA) to perform this search.

>Agreement Letter
Write an agreement of sale. The agreement of sale is signed by you as the buyer, a witness, and the seller of the vehicle.

Payment
Pay in the form of a banker's cheque or bank transfer to act as proof of payment.

Transfer of ownership
Please obtain a copy of the seller's pin number and his or her identification document(ID) then initiate an Online Transfer of Ownership through the NTSA TIMS platform. This is where the logbook transfer form is filled and your name as the buyer is put on the logbook with other details. Pay purchase tax and a transfer fee for the transfer of ownership to be successful.

>Motor Insurance
Finally, get your own car insurance policy from a provider you prefer. Compare the premium rates of all providers and settle on the one you will comfortably afford to pay as agreed.

Penny_Auto guide
Having given you the guide above, take a step and buy that second car you have always wanted to buy. Penny_Auto is always here to guide you.

Lastly, do you have any questions about this post or something else on cars?
Comment below or inbox

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Garden Estate
Nairobi

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Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
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Saturday 09:00 - 17:00
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