When buying a car, many people focus only on the purchase price but ownership involves ongoing costs. Understanding the full picture helps you avoid financial strain.

Here’s what Kenyan buyers should consider.

1. Insurance Costs

Insurance is mandatory.

• Third-party insurance is cheaper but limited.

• Comprehensive insurance typically costs around 4-7% of the car’s value annually.

Always factor this into your yearly budget.

2. Fuel Expenses

Fuel efficiency matters more than ever. A vehicle that consumes 8 km/l will cost significantly more to run than one that does 18 km/l especially with frequent driving in traffic-heavy cities like Nairobi.

3. Servicing and Maintenance

Regular servicing (oil, filters, brake pads) is unavoidable. European brands may have higher parts and servicing costs compared to Japanese vehicles.

Choosing a model with widely available spare parts reduces long-term expenses.

4. Transfer and Registration Fees

Logbook transfer, number plates, and NTSA fees add to the initial purchase cost. Ensure these are clarified before payment.

5. Depreciation

Every car loses value over time. However, choosing high-demand brands like Toyota or Isuzu slows depreciation.

The smartest car buyers calculate the total cost of ownership not just the buying price. Planning ahead helps you choose a car that fits your budget today and tomorrow.

At Extent Motors, we help buyers understand the full cost before purchase so you make informed, stress-free decisions. Contact us today to explore your options.