Car Financing
How Much Deposit Do I Need to Buy a Car?
Most Kenyan lenders require a deposit of between 10% and 30% of a vehicle's price, though this varies by lender, vehicle age and your individual credit profile.
A larger deposit reduces the amount financed, which directly lowers your monthly repayment and the total interest you'll pay over the life of the loan.
Some buyers choose to put down a larger deposit specifically to shorten their loan term, while others prefer a smaller deposit and a longer term to preserve cash flow.
Use our financing calculator to see exactly how adjusting your deposit changes your estimated monthly payment before you commit to a purchase.
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