Import a car stress free from the UK, with just 30% deposit

Co-op Bank

Importing a car can be a simple and affordable option for everybody. The Co-operative bank has partnered with leading UK importer MHH International so you can finance your car with your preferred bank and feel confident that you're buying a quality vehicle from the UK. You only need a 30% deposit and no additional security to finance your car. MHH International takes the stress out of importing, allowing you focus on your priorities.

Pay the balance of 70% in easy instalments, over 1 to 4 years. Freedom to choose the car or vehicle that you need from the UK. And when your loan has been paid off, you will be the sole owner of your car.

Importing with MHH International

  • Full range of vehicles at outstanding value
  • Cars, trucks and agricultural equipment all catered for
  • All cars delivered to UK showroom standard
  • All cars must pass 6 independent agency inspections before MHH will approve them
  • Options such as tropicalisation, window tinting, entertainment system upgrades, body kits available
  • Comprehensive insurance provided through to delivery
  • Customs and clearing service provided
  • Door to door delivery of your car with personal handover from our MHH team
  • Minimum purchase price 2,000,000 KSh
Vehicle Initial Deposit Monthly payments from
Toyota Land Cruiser Prado 3.0 tdi 1,280,000 KSh 88,102 KSh
Range Rover Sport 2.7 td6 1,350,000 KSh 96,697 KSh
Mercedes C-Class (new shape) 786,000 KSh 56,300 KSh
Nissan Navara pickup 2.5 tdi 780,000 KSh 55,870 KSh

Tell Me How It Works

The typical purchase takes 60 days from choosing your car to receiving it from our customer service representative. The diagram below should help explain the process of what happens more clearly.

Website Enquiry

Make your initial online enquiry

Complete the Vehicle Sourcing Request form.

We source the vehicle

We'll work together to identify a car from the market and we will issue a proforma invoice

Asset Finance Application

Apply for Asset Finance with The Co-operative Bank.

Day 1

Pay Deposit

Once your Asset Finance application is approved, you will be required to pay the initial deposit.

Day 10

Vehicle Collection & Inspections

We collect the vehicle and carry out strict inspections.

Personalisation

We make any changes to your vehicle that you may require.

Shipment to Mombasa

Your car leaves the UK port.

Day 35

Arrival in Mombasa

Customs Clearing

We clear the car from customs with Mitchell Cotts

Day 50

Vehicle Registration

The vehicle is jointly registered in you name and The Co-operative Bank

Transportation to collection point

The vehicle is transported to the collection point, eg. Mombasa or Nairobi.

Day 60

Final Loan Agreement & Vehicle Handover

Final loan agreement signed between you and your bank. The vehicle is then handed over to you by an MHH International Customer Services Representative.

Terms and Conditions

  • Competitive Rates for Corporate, Retail, Co-operative and Saccos clients
  • Finance starting from 70% on imported vehicles
  • Minimum vehicle purchase price from KSh 2 Million
  • Finance up to 4 years

What we require from you

Individual, Sole Proprietor or Partnership

  1. Continuous latest six months bank statements
  2. Copy of ID/Passport
  3. Copy of PIN Card
  4. Pro-forma Invoice from MHH International
  5. Duly completed and signed HP Application
  6. Business Registration certificate

Limited companies

  1. Continuous latest six months bank statements
  2. Copy of Certificate of Incorporation
  3. Copy of company PIN Card
  4. Pro-forma Invoice from MHH International
  5. Copies, Memo & Articles of Association
  6. Duly completed and signed HP Application under company rubber stamp

Saccos

  1. Certificate of Registration
  2. Copy of PIN certificate
  3. Registered borrowing powers
  4. Latest six months bank statements
  5. AGM minutes for change of signatories (where signatories have been changed)

In addition to the above requirements, the following documents are required for borrowings of KSh 10M and above:

  1. Copies of audited accounts for the last 3 years
  2. Latest management accounts
  3. Cash flow projections

* Application subject to credit approval.

** Finance offers are valid for a period of 3 months from the date of the offer. An extension can be granted for a fee of KSh 5,000.

Your questions answered

How long does it take to import a car from the UK?

A typical purchase takes 60 days from the day that the deposit is received to you receiving your keys. Approximately half of this time is the shipping time for the boat to reach Mombasa. And the remainder allows for your car to be fully inspected and prepared prior to shipment and then cleared through customs on arrival and transported and prepared for your collection.

Can I buy a car from another supplier in the UK and still get my finance from The Co-operative Bank?

MHH International is happy for you to locate your car from another UK supplier. MHH International will then inspect and purchase the vehicle on your behalf, ensuring that your car is of the highest quality, prior to shipping it to Kenya.

What age of vehicle can I finance?

Under Kenyan regulations, used cars must be no more than 8 years old. The Co-operative Bank will finance new cars and used private saloon cars up to 8 years old. Commercial (cargo) vehicles are financed up to 5 years old. However, certain models of commercial trucks including Scania, Mercedes Actros and Volvo up to 7 years old can be financed. Equipment, machinery, tractors and motor cycles will only be financed from new.

How do I know that I can trust MHH International?

MHH International has been importing vehicles to Kenya for over 5 years. The Co-operative Bank has selected MHH International as their only UK import partner because of the strict quality control that they apply to all imported cars.

Who do I contact to get my car purchase started?

Simply enquire via the enquiry form on the MHH International website. One of the sales team will be in touch very quickly to discuss your needs. The bank will require their usual paperwork to approve your asset finance application once you’ve shortlisted a car with MHH International.

What if I don’t have a Co-operative Bank account?

The Co-operative Bank are happy to extend the offer of asset finance on UK imports to new customers subject to their standard terms and conditions.

When do I start paying interest on my loan?

When the final loan agreement paperwork is completed between you and The Co-operative Bank. This is typically 2-3 days prior to you receiving your car.

When do I start to repay my loan?

Approximately 1 month after receiving your vehicle.

How much deposit do I have to pay?

Percentages will vary from time to time but generally, The Co-operative Bank bases its loan offers on the following deposit level:

  • For private new saloon and commercial (cargo) vehicles- Up to 20 %
  • For Used saloon and commercial vehicles – Up to 30%
  • PSV – 40% for new and 50% for repossessed PSV vehicles by the bank
  • School buses – 5%
  • Certain models of used commercial trucks (Scania, Mercedes Actros and Volvo) - 30% subject to customer owning one truck free of debt.

When does the deposit get paid?

The deposit is required to secure your vehicle from being sold to another customer within the UK. Typically MHH International will require the deposit once a suitable vehicle has been chosen and the loan offer letter has been issued by The Co-operative Bank.

Who do I pay the deposit to?

Deposits are payable to MHH International.

Who is the registered owner of the vehicle?

Initially, your vehicle is registered to The Co-operative Bank and then immediately transferred to a joint registeration in both your name and The Co-operative Bank until the loan is paid off in full. Once you have completed all loan payments, the vehicle is transferred to you as the sole owner.

Do MHH International have an office in Kenya?

We do not have an office in Kenya but we do have local customer service representatives who can speak or meet with you at your convenience to assist with your purchase.

How can I be confident that the mileage on my car has not been tampered with?

All MHH International cars must meet 6 independent inspections before we buy it on a client's behalf.

How can I be sure that my car represents value for money?

MHH International can provide a shadow valuation before buying the car and will also provide a valuation as part of the package once the vehicle has arrived in Mombasa for insurance purposes. The Co-operative Bank requires that the valuation is completed by either AA of Kenya or Regent Automobiles.

Is there any other documentation not already mentioned required to import my car?

Yes, MHH International will arrange for all of the necessary documents including the IDF (Import Declaration Form), vehicle invoice and copy of duty payment receipt to be forwarded to The Co-operative Bank. In addition, MHH International will also carry out a KRA search as soon as your car has been registered and forward this to The Co-operative Bank for their records.

Do I have a warranty on my car?

MHH International gives 3 months warranty on all cars purchased using asset finance. Terms and Conditions available on request.

What happens if I cannot keep up my repayments?

The vehicle might be repossessed and sold through auction (this is the last resort), other options are restructuring the facility to ease the monthly repayments or sale of the unit under private treaty.

What happens if my car is written off after I have received it?

If the vehicle is comprehensively insured, which is mandatory before it is released to the client, the respective Insurance company will process the claim and make the payment. Thereafter, The Co-operative Bank will offset the outstanding loan balance and the difference will remain in your account.

Can I restructure my loan once it has started?

Yes, you can, but there should be a justification for it, e.g loss of job.

Can I make overpayments?

Yes, you can and there is no penalty for early payments.

Can I select my own car insurance provider?

Yes, you can select your own insurance company but the business has to be channelled through the bank’s Insurance brokerage firm. This is to ensure the Bank’s interest is captured on the cover. The Bank's agency does offer very competitive rates.

Am I required to have a tracker on the vehicle?

Yes. The bank requires you to have a tracker installed. This is arranged automatically as part of the service and is invoiced to you separately to the car. Prices start at KSh 55,000.