Family Bank to Auction 37 Vehicles with Prices Starting at KSh 300,000

Family Bank PLC has invited the public to participate in a massive asset disposal auction, putting 37 motor vehicles up for sale throughout April 2026. The bank, through various authorized auctioneers, revealed that prices for the listed units start as low as KSh 300,000, offering a significant opportunity for bargain hunters and small business owners looking to expand their fleets.

The auction features a diverse range of vehicles, including luxury sedans, commercial pick-ups, and family SUVs. Most of the units are repossessed assets located at designated yards in Nairobi, Mombasa, Nakuru, and Eldoret. According to the public notice, the vehicles are being sold on an “as-is, where-is” basis, with the bank setting competitive reserve prices to ensure a swift clearance of the stock. 

Auction Highlights & Pricing

• Entry-Level Units: The cheapest vehicles, primarily older model hatchbacks and small sedans, are tagged at a reserve price of KSh 300,000.
• Commercial Range: Several Toyota Hilux and Isuzu D-Max pick-ups, popular for logistics and farming, are listed between KSh 1.2 million and KSh 2.8 million.
• Luxury & Utility: High-end models, including late-model Toyota Prados and Mitsubishi Pajeros, carry reserve prices exceeding KSh 4.5 million.

How to Participate

1. Inspection: Potential bidders are encouraged to visit the storage yards between 9:00 AM and 4:00 PM for physical verification of the vehicle conditions.
2. Refundable Deposit: To participate in the bidding process, interested parties must pay a refundable deposit of KSh 50,000 per vehicle.
3. Bidding Process: The auction will be conducted through open competitive bidding at the sites mentioned in the official bank advertisement.

“We are offering a transparent platform for Kenyans to acquire quality vehicles at below-market rates,” a representative from the bank’s asset recovery department noted. “This exercise is part of our routine balance sheet management, ensuring that non-performing assets are converted back into liquid capital to support our lending core.”

This disposal comes at a time when the second-hand car market in Kenya is facing high prices due to weakened currency and increased import taxes. The bank’s auction provides a localized alternative for buyers who might otherwise be priced out of the traditional showroom market.