The HP Landscape
Hire Purchase is booming in Kenya, but as a consumer, you must be savvy. Some plans look cheap on the surface but hide massive "administrative fees" or use unfair valuation methods.
3 Things to Verify:
- The Valuation Basis: Ask if they use Market Value or Forced Sale Value. Together As One uses Market Value, giving you more "Stability."
- The Interest Type: Is it a flat monthly fee or a complex APR? We use transparent flat tiers (e.g., KSh 10k for 500k loans) so you know exactly what you owe.
- Possession Timeline: Some companies don't let you drive the car until 70% is paid. With us, you get Immediate Possession after the 50% deposit.
Transparency is King
A good HP plan should have a clear, written path to ownership. Ensure you understand exactly when the logbook transfer will happen (usually upon the final 18th payment).