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NCBA puts 35 vehicles under the hammer, prices start at Sh160,000

NCBA Bank has announced a public auction of 35 motor vehicles stationed across various parts of Kenya.

In a notice on Tuesday, June 16, the lender directed interested purchasers to place their bids through CarDuka, its digital vehicle auction platform.

All vehicles will be sold under the “as-is, where-is” principle, meaning buyers will purchase the units in their current condition and location.

Co-Op post

The bank further noted that successful bidders may qualify for financing facilities, subject to meeting the institution’s credit requirements and approval processes.

“Interested bidders are required to submit their offers through our online platform, CarDuka, and provide complete contact details. All vehicles are being sold on an as-is, where-is basis,” NCBA said in a notice.

Among the listed vehicles is a Toyota Passo carrying a reserve price of Sh160,000, making it the cheapest vehicle available in the auction.

Other passenger vehicles on offer include Toyota Mark X, Nissan Note, Honda Spike, Toyota Vitz, Volkswagen Golf, Mazda Demio, Mazda Atenza, Toyota Harrier, Toyota Probox and a Land Rover Discovery.

The auction also features a range of commercial vehicles such as Isuzu FRR, FVR, NMR, NQR and D-Max models, in addition to a Doll high-sided trailer.

The vehicles are stationed in different locations across the country, including Nairobi, Kisumu, Eldoret, Nakuru, Nyeri, Meru, Thika, Ruiru, Kitengela and Mombasa, enabling interested bidders from various regions to view the units before making their offers.

Below is the full list of the advertised vehicles and their reserve price:

Vehicle Model Reserve Price
Toyota Passo Sh160,000
Toyota Mark X Sh350,000
Toyota Mark X Sh390,000
Toyota Vitz Sh545,000
Volkswagen Golf Sh585,000
Nissan Note Sh665,000
Mazda Demio Sh690,000
Honda Spike Sh750,000
Mazda Atenza Sh1.23 million
Toyota Harrier Sh2.39 million
Land Rover Discovery Sh4.01 million
Isuzu FRR Up to Sh4.92 million
Isuzu FVR 90L Sh4.98 million

How to participate

NCBA has encouraged prospective buyers to inspect the available units and submit their bids through the designated online platform before the respective auction deadlines.

“Bids should be filed using our online platform, CarDuka, with complete contact information. Vehicles are sold on an “as-is, where-is” basis. Contact us at 0710141846, 0732141209, 0702005627, or 0711056444 for further information. Financing is possible, subject to credit evaluation,” the lender said.

Also Read: NCBA investment bank and NSE partner to empower youth

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