A kitchen space is one of the busiest spaces in our homes. Regardless of the time of the day, we will need to access our kitchen. Whether you are preparing meals, looking for a cool drink when it is warm, or cooking meals for a party or celebration, you will want an efficient kitchen space. Furnishing your kitchen will not only aim at enhancing its aesthetic value. It is also vital to focus on making it more functional.

Ideas when furnishing your kitchen

Regardless of the size of your kitchen, you will always have options when looking to furnish it. This will involve spending time designing the organization of your kitchen and getting quality purchases. Here are some tips to help you achieve this goal.

·         Proper organization of cookware

If your kitchen doesn’t have cabinets, you might consider investing in some during your renovation. Cabinets and drawers ought to have built-ins to help arrange your cookware and bakeware. For the smaller items in your kitchen, one can consider purchasing plastic storage containers. Hanging pot racks will help organize your cooking pots and pans. You can also make your work easier by grouping items together such as dishes, bowls, cups, and others.

·         Spend on durable countertops

The countertop space is vital in any kitchen. This is where we place most of the small appliances such as toasters, coffeemakers, and others. Investing in durable countertops will give you value for your money. It will also be vital to help you keep your kitchen space organized.

·         Invest in quality appliances

There are plenty of appliances that we require in our daily activities. Every homeowner is out to find a great deal when buying kitchen appliances. However, this doesn’t mean that one should overlook quality. The frequent use of the appliances and the effect on energy costs requires the homeowner to be keen when investing.

One might be in the market looking for large appliances such as dishwashers, refrigerators, or gas cookers.  Homeowners might also be looking to purchase smaller ones such as toasters, blenders, or coffeemakers.

Hire purchase offers a convenient way to acquire these assets without compromising the quality. The number one reason to consider hire purchase appliances with KCT is the ability to spread the cost. One pays for the appliances in installments and at the end of the agreement, one becomes the owner. The low interest rates on hire purchase appliances with KCT also save you some money in the long run.

Investing in quality furniture is the dream of every homeowner. Finding the best furniture not only enhances the aesthetics of your living space but also makes the space more comfortable. Your home’s value is also set to increase after acquiring your dream furniture.

One will never lack options when in the Kenyan market for furniture. You can find plenty of furniture shops in your locality as well as online stores. However, the different furniture stores do not provide the same quality of services. In our post, we will determine how one can furnish a home using hire purchase furniture.

What is hire purchase furniture

Most buyers usually pay for items they need in cash. However, this is not always possible, especially for high-value items such as home furniture. It is thus vital that one learns other available options. One such option is a hire purchase agreement.

Hire purchase agreements suit homeowners in need of items but do not intend to pay in cash. In this arrangement, one pays a fraction of the cost and spreads out the balance in several months. There are plenty of benefits of hire purchase agreements.

Acquiring Furniture on Hire Purchase Terms At KCT

Hire purchase is a leading financing option in Kenya. One of the leading hire purchase companies, Kenya Credit Traders, has a variety of furniture pieces you can add to your home. These include sofa sets, mahogany beds, double-decker beds, coffee sets, wall units, and TV stands. Whether you are looking to furnish a new home or you require to upgrade the current one, you will have plenty of furniture options to choose from when you choose KCT.

Why choose KCT for home furniture

The number one benefit of choosing KCT is the chance to spread the cost. To acquire your dream furniture, one requires only 10% of the total cost. The balance is paid in installments.

It is also advisable to purchase furniture on hire purchase terms to enjoy low-interest rates. Unlike other financing options, hire purchase contracts have fixed interest rates. This means that the total cost of furniture doesn’t change throughout the contract.

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Purchasing and acquiring household items in modern times is more straightforward than ever. The emergence of online shopping means that you do not even need to leave your home to find items that you require. You can browse and even compare items from the comfort of your home or office. Apart from the convenience of online shopping, payment terms are also convenient in modern times. The emergence of hire purchase, also known as lipa later, lipa mdogo mdogo, or lipa pole pole, has enhanced the chances of acquiring assets.

With hire purchase, customers can acquire almost any asset without having all the cash. Unlike in the case of a cash purchase, with a hire purchase, you only need as little as 10% of the cost of the household items. Leading hire purchase companies such as Kenya Credit Traders allow you to acquire assets and utilize them while clearing the balance in installments.

How Kenya Credit Traders prioritizes customer satisfaction

Any customer in the market for household items wants a dealer that guarantees them quality items and services. At Kenya Credit Traders, we understand the need to provide you with the best services. Here are some of the ways we ensure as a customer you benefit from quality items and services.

1.      We provide you with items from leading brands

Every customer wants to acquire items that will serve them for years. You do not want to spend on a TV and then return to the market a few months later. All our household items are sourced from leading brands, thus ensuring that you only get quality products.

2.      We are ready to listen to you

At Kenya Credit Traders, we are always ready to hear from our customers regarding the services and products we provide them. You can always provide us feedback on the services and products we provide. One can provide feedback on our Facebook page or even website.

3.      We look for a win-win solution for our customers

Hire purchase agreements aim at ensuring that the customer can obtain items they require even when they do not have all the cash. In most cases, customers want a hire purchase agreement that allows them to spread the cost and leave them some cash they can spend on other expenses or emergencies. The best part of working with us is that we look for the best deal for you and ensure that you acquire your dream asset for your home. We do not ignore your needs and preferences.

There is a wide variety of household items that we need in our day-to-day activities. We need kitchen appliances to ensure that we can make meals with ease and keep them fresh. We also need TVs, home theaters, sub-woofers, and other home entertainment devices to keep our homes lively. Most importantly, we need household furniture to make our living space functional. All these household items are beneficial.

Hire purchase on household items

When it is certain that we require all these household items, they are not cheap. Most of the household items cost thousands or even tens of thousands to acquire. While some homeowners prefer cash purchases, it is not always possible. That’s why it is essential to consider a hire purchase deal for some of the items.

Hire purchase is a sales agreement that allows you to acquire and use items at a fraction of the total cost. One only needs to pay a deposit and have the items delivered to them. To pay the full cost of the items, the balance is divided into installments. The installments can be daily, weekly, or monthly payments depending on the hire purchase terms.

Why do we stand out in hire purchase for household items

If you are in the Kenyan market looking for quality household items, Kenya Credit Traders is your ideal dealer. There are plenty of reasons to consider us when purchasing home furniture, electronics, appliances, and other essential items.

1.      Quality assurance

One of the reasons homeowners prefer hire purchase terms to acquire items is the chance to acquire high-quality assets. Quality household goods can be expensive but hire purchase allows you to acquire them by spreading the cost. At Kenya Credit Traders we acknowledge the need to acquire high-quality assets. We provide you with items from trusted brands thus enhancing their reliability.

2.      A broad range of items to choose from

We understand that the needs vary from one customer to the other. However, we will always have an item that suits your needs. Visit our website for a broad variety of items that are available on hire purchase terms. When you choose the items you need, and sign the hire purchase agreement, we will deliver at a town near you.

3.      Reliability

Without a doubt, the reputation of a hire purchase dealer is always part of the considerations before choosing them. Kenya Credit Traders has been in the hire purchase industry for years and we understand the needs of customers. You can expect top-notch services when you choose us.

Hire purchase is quickly becoming popular in modern times. Businesses and individuals looking to acquire assets are choosing hire purchase terms. This has seen hire purchase acquire special importance in the Kenyan economy. In the past, hire purchase has been seen as a way for businesses to acquire high-value assets such as vehicles and machinery. However, in modern times, even small but essential items such as telephones, household appliances, Televisions, and other electronics are available on hire purchase terms.

What is a hire purchase agreement?

A hire purchase agreement is a contract that requires one to pay rent for a certain period after acquiring assets. These rent payments are defined as installments in a hire purchase agreement. In addition to a hire purchase agreement, one has to make a downpayment to the seller to acquire the assets. The customer acquiring the items is known as the hirer. While a hire purchase agreement acts as a contract of bailment, it also has an element of sale. When the hirer pays all the installments to the owner, the dealer transfers the title of the assets to them.

Legal aspects of a hire purchase agreement

1.      Possession

Immediately the hirer pays the down payment to the owner of the goods, they can acquire them and utilize them.

2.      Ownership

While the hirer acquires the goods immediately after paying the installment, they do not automatically acquire ownership. Ownership of the assets remains with the vendor or dealer. One only becomes the owner after they complete payments by paying all the installments.

3.      Installments

Installments are among the core features of a hire purchase agreement. The installments act as a rent charge for the hirer to use the items in question. Since hire purchase is a financing option, interest is charged on the installments. This makes the total cost of the assets higher than the cost of a cash purchase.

4.      Down payment

Before the hire purchase dealer transfers possession of assets to the hirer, they will need a down payment. While hire purchase agreements differ, in most cases, the down payment is a small fraction of the total cost of the asset. At Kenya Credit Traders, we provide assets for as low as 10% of the cost.

5.      Repossession

Since the hire purchase dealer remains the owner of the assets, there are instances when they can repossess them. One of the major reasons for repossession is default in installments. Any other breach of the hire purchase contract can lead to repossession. The hire purchase dealer can also repossess the items when the hire purchaser voluntarily decides to surrender the assets to the owner.

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In Kenya, hire purchase is quickly gaining popularity among business owners as well as consumers. Hire purchase agreements come with a variety of names such as lipa pole pole lipa mdogo mdogo or lipa later. However, before signing a hire purchase agreement, it is essential to understand the basics. This will help you make the correct decision.

How hire purchase agreements work

A hire purchase contract is a sales agreement. However, hire purchase terms are different from a direct sales agreement. In a cash purchase, the customer pays the amount in full to acquire the asset. The buyer also immediately becomes the owner of the assets after the purchase.

Hire purchase is an option for customers who need assets and do not have the money to purchase in cash. These agreements require the buyer to only pay a fraction of the total cost. This can be as low as 10% of the total cost. After this payment, one acquires the items, but they do not own them immediately. One also pays installments to complete payment for the items. You only become the owner after the last installment.

Basics principles of hire purchase agreements

To acquire assets on hire purchase terms, one needs to follow these principles.

The first step of a hire purchase deal is the down payment. One needs to pay a deposit and sign the hire purchase contract before acquiring an asset. After paying the deposit, one not only acquires the items but they are also allowed to use them.

After paying the down payment and signing the hire purchase agreement, one acquires the assets. However, they do not become the owners of the items. One is required to take good care of the items and avoid any damage. You can also not resell the items without following the right procedure which involves the hire purchase dealer.

To complete payment for the assets you acquire on hire purchase terms, you need to make periodic payments known as installments. Installments also come with fixed interest, considering that hire purchase is a form of financing. After the last installment, one can claim ownership of the items.

The transfer of the title is done after one makes full payment of the assets. When you pay all the installments, the hire purchase dealer will transfer ownership of the items to you. Before completing the payments, ownership remains with the dealer. This means that they can cancel the hire purchase agreement when you breach the contract.

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When in the market for household goods, there is no doubt that you will be eager to determine the available options. One has to choose between a cash purchase and a hire purchase. The quality of the assets you are purchasing is also an essential consideration. It is also vital to look out for the best dealer as this increases your chances of enjoying the best services.

Household goods on hire purchase terms

One of the best decisions a homeowner will make is purchasing household goods on hire purchase terms. Whether you recently completed construction of your house, relocated to a new one, or just want to upgrade items in your current home, hire purchase is one of the best choices.

The number one reason to choose to hire purchase for household items is the chance to spread the cost. It is likely that you do not have all the cash to purchase items that you require. Hire purchase allows you to spread the cost over a given period. This also means you free some cash that you can use on other expenses.

Hire purchase is also ideal if you are in the market for household items considering that it allows you to access latest or modern items. Most people who do not have all the cash to buy household items end up purchasing low-quality goods or they avoid purchasing them completely. With a hire purchase, you can acquire all household items you require. You only need as low as 10% of the cost to acquire the items.

Benefits of Choosing Kenya Credit Traders for Hire Purchase

When in the market for household items, Kenya Credit Traders is one of the best dealers you can select. Here are some of the reasons to consider us.

1.      A wide variety of items

At Kenya Credit Traders, we have a variety of household items for you to choose from. You can choose from a wide variety of household furniture, kitchen appliances, electronics, and home entertainment devices. You can easily find items that fit your home by visiting our website.

2.      Enjoy the best hire purchase terms

When one opts for a hire purchase for household items, it is essential to find a dealer that gives you the best hire purchase terms. At Kenya Credit Traders, we offer you the best deal possible. You can acquire almost any household item with as little as 10% of its cost. The balance is paid in installments.

3.      We are accessible

It is easy to find household items that you require for your home since we have an online store. We also have many branches across the country. This makes it easier for you to access the household items you are looking for.

Hire purchase is one of the best financing options when one is unable to pay for assets upfront. When looking to purchase expensive items such as furniture, electronics, or kitchen appliances, hire purchase stands out as the best option.

Why Hire Purchase Assets

There are plenty of reasons to settle for hire purchase when looking to purchase assets. One such benefit is access to quality assets. Hire purchase allows you to acquire assets that might be out of reach when one opts to purchase in cash.

Another benefit of hire purchase is allowing the buyer to spread the cost. By paying for the assets in installments, one spreads the cost over a given duration. This also allows one to plan their finances since installments are fixed.

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Finding The Best Hire Purchase Company

The emergence of hire purchase as a way to acquire assets in Kenya has seen growth in the number of hire purchase companies. This means that a buyer will find themselves with plenty of options. This can make the process of determining the right hire purchase provider daunting. Here are some useful tips.

1.      A valid license

Before opting to acquire goods on hire purchase terms from a given dealer, there is a need to determine whether they are licensed. A license implies that the company’s operations are regulated by the country’s hire purchase act. This enhances the chances of a buyer getting quality services from the hire purchase dealer. One of the best reasons to make Kenya Credit Traders your hire purchase partner is that the company has a valid license.

2.      Reputation

Before settling for any Lipa pole pole company, it is also vital to learn whether the dealer is reliable. One can only determine the reputation of a given hire purchase dealer through customers who have interacted with the dealer in the past. Check the company’s social media handles, online ratings, and testimonials before settling on a hire purchase provider.

3.      Ease of access

The hire purchase company should also be accessible to you before you opt to hire and buy assets from them. A company with a countrywide presence makes acquiring assets for you easier. Another benefit of making Kenya Credit Traders your hire purchase partner is that we have many branches around the country. When you select assets to hire online, we deliver them to a branch near you.

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When in the market for high-value assets, one will be eager to learn their options. In cases where one has all the cash, they will only be required to find the right dealer to pay and acquire the assets that they need. However, not all buyers will have all the cash upfront. Hire purchase and leasing are some of the best options to acquire and use assets for buyers who do not have all the cash upfront.

How hire purchase works

If you are looking for expensive assets such as mobile phones, Smart TVs, furniture, and kitchen appliances, hire purchase is one of the options you need to consider. A hire purchase agreement allows you to only pay for a fraction of the cost of the goods. The balance is spread out in the form of installments which can be daily, weekly, or monthly payments.

How leasing works

Leasing is also a good option for assets that one cannot afford to purchase outright. When you sign a lease agreement, you acquire the assets you need immediately and you are allowed to use it. One will need to pay monthly rentals to the owner of the assets until the end of the lease agreement.

Leasing vs. hire purchase

While lease and hire purchase agreements allow one to acquire assets that they cannot purchase outright, they differ in some areas. Here are the key differences.

·         Down payments

In hire purchase, one has to pay a deposit to acquire the assets they intend to hire. This is usually around 10% or more of the total cost of the asset. Leasing on the other hand doesn’t require paying a deposit.

·         Installments

Hire purchase contracts are designed to make one the owner of the asset at the agreement. The installments are set depending on the principal amount and interest. In leasing, the installments are set on the basis on the cost of utilizing the asset.

·         Duration

Lease agreements can last several years. At the end of the lease agreement, the lessee and the lessor can extend the agreement. On the other hand, a hire purchase agreement only lasts months, and in a few cases years.

·         Maintenance and depreciation

When one acquires good on hire purchase terms, they take charge of repairs and maintenance of the assets. In the case of lease agreements, repairs, and maintenance can be in the hands of the lessor or lessee depending on the lease type.

·         Transfer of ownership

At the end of a hire purchase agreement, the buyer becomes the owner of the assets after paying the last installment. In the case of a lease contract, one can return the items, extend the agreement, or pay a nominal fee to acquire the assets, depending on the agreement.

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Hire purchase has become one of the best financing options available to consumers in modern times. In Kenya, hire purchase is also known as lipa mdogo mdogo or lipa pole pole. Before signing a hire purchase agreement, it is essential that a customer understands the pros and cons of hire purchase. Investing some effort and time will ensure that you are making the right choice.

What is hire purchase

A hire purchase contract is an agreement between a seller and a buyer. When purchasing expensive assets such as electronics or furniture, you might be unable to pay the total cash upfront. With hire purchase, the buyer only provides a fraction of the total cost. The balance plus interest is paid in the form of daily, weekly, or monthly payments known as installments.

Pros of hire purchase

There are plenty of reasons to consider hire purchase when looking for a high-value asset. Here are some of the benefits.

1.      Own assets at the end of the agreement

Other options when hiring assets such as a lease will see one return the assets at the end of the agreement. With hire purchase, when you pay the last installment, you own the assets.

2.      Spread the cost

The best part about hire purchase agreements is that you will spread the cost of the asset. You do not pay for the asset upfront. After paying a deposit, you can clear the balance in installments. Hire purchase also offers flexibility in how much a buyer pays monthly and the duration of the payments.

3.      Fixed interest rates

Hire purchase is one of the best financing options available, considering that buyers enjoy low-interest rates on the installments. The interest rates are also fixed and do not change at any point during the hire purchase agreement. Fixed payments allow you to budget ahead and take control of your finances.

Cons of hire purchase

Hire purchase also has some disadvantages that a customer ought to learn before signing a hire purchase contract.

1)     Higher overall cost

When you compare the total cost of items in a hire purchase deal to the cash price, the hire purchase price is higher. This is a result of the interest charges on the installments.

2)     The risk of losing the asset

With high purchase, the asset acts as the security. This means that missing any payments can see the hire purchase dealer recover the asset. The buyer loses any payments they have made to that point.\

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