Shopping for a loan in asset financing isn’t the most fun part of buying a car, but it can be quick and easy. Plus, borrowing from the right lender like Incredo can save you thousands of shillings.

If you’re shopping for a new car, you’re probably browsing model reviews online, going on test drives, and consulting the sales guy or girl in different car dealers.

That’s the fun part.

The not-so-fun part is ensuring you get the best deal on insurance, negotiate the best price with dealers, and find the best rate for an auto logbook loan. Not to fear; we’ve got you covered.

The average auto logbook loan in Kenya is Ksh 500,000 therefore finding the best lender for your specific situation could mean saving thousands of mulla over the loan’s lifetime. So, how can Incredo help you find the best asset finance?

Competitive interest rates

Naturally, the first thing you look for is a competitive interest rate. A variance of just a few percentage points could add up to thousands in savings. However, just because a lender offers a low interest rate doesn’t mean it’s always the best fit. Kenyans are very notorious at that LOL!

Look at term limits, minimum credit thresholds, membership requirements, and other fine print that could affect your qualification for a loan. The vendor should offer financial solutions that are competitively priced and of high quality.


Next, look at convenience. Your time is valuable, so we place weight on which lenders have smooth and streamlined processes, with fewer hoops to jump through for a quote. The services should also be delivered in an efficient and seamless manner.

Credit pull

Last but certainly not least, if you’ve applied for financing or other credit and the lender checked your credit scores as part of the process, you’ve probably experienced what’s called a hard credit inquiry. CRB, Metropol and Transunion same whatsapp group

Because hard pulls impact your credit score, consider soliciting quotes from hard pull vendors all at once so they collectively count as a single pull, minimizing impact.

While shopping for and securing a loan isn’t the most fun part of buying a car, it can contributeto the most fun part. The only thing more satisfying than triumphantly driving home in your new car is driving home knowing that you’re going to save thousandson your Incredo auto loan because you took the time to research.

That being said, the best way to save on your auto loan is to buy a cheaper car, or perhaps not even purchase a car in the first place.

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