Vehicle Financing

Get pre-approved for auto financing and drive home in your dream car.

How Financing Works on BIDnDRIVE

1. Get Pre-Approved

Start by getting pre-approved for financing before you bid. Our application process is quick and doesn't affect your credit score.

  • Quick Application: Complete our online form in minutes
  • Soft Credit Check: Initial approval without impacting your credit score
  • Instant Decision: Get a financing decision within hours
  • Know Your Budget: Shop with confidence knowing your approved amount

2. Shop & Bid with Confidence

Once pre-approved, you can bid on any vehicle up to your approved amount. Your financing is already in place when you win.

  • Bid with Confidence: Know exactly what you can afford
  • No Surprises: All terms are clear before you commit
  • Flexible Terms: Choose from various loan terms and down payment options
  • Multiple Lenders: We work with several banks and financial institutions

3. Finalize Your Loan

When you win an auction, we'll help you complete the final loan documentation and get you on the road quickly.

  • Quick Processing: Complete final paperwork within days
  • Direct Payment: We pay the seller directly through SafePay
  • Clear Terms: All loan terms and conditions clearly explained
  • Online Management: Manage your loan through our portal

Benefits of Our Financing Program

Quick Approval

Get pre-approved in as little as 24 hours

Competitive Rates

Rates starting from 8.9% APR for qualified buyers

Flexible Terms

Loan terms from 12 to 84 months

No Prepayment Penalties

Pay off your loan early without fees

Financing Requirements

To qualify for financing through BIDnDRIVE, you'll need to meet the following basic requirements:

Requirement Minimum Recommended
Credit Score 600+ 650+ for best rates
Down Payment 10% 20% for better terms
Income Ksh 50,000/month Ksh 75,000/month
Employment 6 months current job 2 years stable employment
Age of Vehicle Up to 15 years Up to 10 years
Vehicle Price Ksh 300,000+ Ksh 500,000+

Frequently Asked Questions

What credit score do I need?

We work with lenders who can approve applicants with credit scores as low as 600. However, scores of 650+ typically receive the best interest rates.

How much down payment is required?

Minimum down payment is 10% of the vehicle price. A larger down payment (20% or more) can help you secure better loan terms and lower monthly payments.

Can I finance older vehicles?

Yes, we can finance vehicles up to 15 years old. However, loan terms may be shorter and interest rates may be higher for older vehicles.

What documents do I need?

You'll need a valid ID, proof of income (recent pay stubs or bank statements), proof of residence, and possibly additional documentation depending on your situation.

How long does approval take?

Pre-approval can take as little as 24 hours. Final approval after winning an auction typically takes 2-3 business days.

Need Help with Financing?

Our financing specialists are here to help you navigate the process and find the best loan for your needs.

Call: +254 700 123 456

Email: financing@bidndrive.co.ke

Quick Pre-Approval

Get pre-approved in minutes. No impact to your credit score.

Your information is secure and encrypted

Typically responds within 24 hours

Partner Lenders

Current Financing Rates

Representative examples based on Ksh 1,000,000 loan amount

Credit Tier APR Range Monthly Payment* Total Cost*
Excellent (750+) 8.9% - 10.5% Ksh 20,850 Ksh 1,125,900
Good (700-749) 10.6% - 12.9% Ksh 21,650 Ksh 1,169,100
Fair (650-699) 13.0% - 15.9% Ksh 22,850 Ksh 1,233,900
Average (600-649) 16.0% - 19.9% Ksh 24,550 Ksh 1,325,700

*Example based on 60-month term with 20% down payment. Rates subject to change.

Actual rates and terms depend on creditworthiness, vehicle age, and other factors.

Ready to Get Started?

1
Apply Online

Complete our quick application form

2
Get Pre-Approved

Receive your pre-approval within 24 hours

3
Start Bidding

Bid confidently with your approved budget