In Kenya, hire purchase deals are becoming a common feature. More people keep embracing hire purchase as a payment method or a financing option. This is mainly due to the many benefits that hire purchase deals offer.
Hire Purchase Deals in Kenya
Businesses and consumers can benefit from a hire purchase deal in modern times. In the past, people only used hire purchase deals for expensive assets such as vehicles or land. However, with the latest technology, hire purchase deals make it possible to acquire valuable items such as furniture, home entertainment devices, kitchen appliances, mobile phones, and construction materials among others.
In Kenya, hire purchase deals are better known as lipa pole pole or lipa mdogo mdogo. They are purchase contracts where a buyer commits to purchasing a given item by paying a deposit. After the down payment, the hire purchase dealer makes the items available for use by the buyer. One can clear the cost in installments, which can be daily, weekly, or monthly payments. Upon completing the payments, one becomes the owner of the assets.
Choosing a hire purchase company in Kenya
The only way a hirer can be sure of experiencing the benefits of a hire purchase deal is by choosing the right hire purchase company. You can never get the best services from an unreliable hire purchase dealer.
One of the first considerations before settling for a particular hire purchase company is whether it has the relevant licenses to provide the services. Licenses mean that a company meets the set requirements by the law. A licensed company will also provide its services within the set laws.
The longevity of a hire purchase company is also a prime consideration before working with them. Hire purchase dealers with many years of service tend to be more reliable than upcoming enterprises.
The reputation of a hire purchase dealership is also part of important concerns when looking to acquire assets on hire purchase terms. Invest time and effort delving into online reviews and ratings to find out whether a certain company can offer quality services.
KCT Benefits On Hire Purchase Deals
In Kenya, Kenya Credit Traders stand out as the leading hire purchase dealers. One of the reasons to settle for KCT is that they have a wide variety of assets. Whether you are looking to furnish your home, your rentals, or business, you can choose from a wide variety of items available at the website and physical stores.
Learn more about KCT benefits on hire purchase by following us on Facebook.
