Motorists across the country are on the brink of losing their vehicles due to outstanding storage debts. The debts range from Ksh60,260 to Ksh348,070, posing a significant risk for vehicle owners who have failed to settle their dues.
Auctioneers Issue Warning: Westminster Storage and Auction Mart, the appointed auctioneers, released a statement on Friday, June 2, notifying the owners of 20 vehicles, a motorcycle, a diesel generator, and various tiles about the impending auction. The notice serves as a stern warning to vehicle owners, urging them to address their outstanding debts promptly.
Vehicles Up for Auction: Among the vehicles listed for auction are popular models, including the Toyota Corolla (debt: Ksh348,070), Nissan Navara (Ksh171,300), Toyota Succeed (Ksh141,560), Mitsubishi L200 (Ksh136,950), Mazda Demio (Ksh132,310), Toyota Hiace (Ksh204,752), Subaru Legacy (Ksh127,960), Mazda Demio (Ksh125,930), Toyota Probox (Ksh123,610), D.Mira (Ksh97,800), Mazda Demio (Ksh87,810), Mitsubishi Fuso (Ksh104,296), Toyota Succeed (Ksh87,650), among others. Additional vehicles on the list include the Nissan X-Trail (Ksh77,630), Mitsubishi (Ksh76,470), Nissan March (Ksh74,730), Honda Fit (Ksh71,830), Honda Partner (Ksh71,670), and Daihatsu Mira (Ksh68,350).
Storage Location and Repayment Period: All the vehicles are currently stored in Nairobi, specifically along Kuguru Loop road in the Industrial Area, off Enterprise Road. Owners have been given a 30-day timeline, starting from May 26, to settle their outstanding debts and avoid the loss of their vehicles. Failure to make the necessary payments will result in the sale of the vehicles through either a public auction or private treaty. The proceeds from the sale will be utilized to cover the storage charges and any remaining balance.
Buyer Precautions: Buyers interested in participating in the auction are urged to exercise caution and take necessary precautions to ensure a safe and satisfactory purchase. Unscrupulous car dealers often employ various tricks, such as tampering with mileage readings, providing fake or inaccurate documents, and using substandard spare parts. Potential buyers are strongly advised to seek expert advice before making any purchases. During the auction, it is crucial to understand the guidelines, request a test drive, and thoroughly inspect the vehicles before finalizing any transactions.
Upcoming State House Auction: On Tuesday, May 30, the State House announced a mass auction involving vehicles, tires, car batteries, lawnmowers, and scrap metal. The auction is scheduled to take place on Friday, June 16, at the State Department for Roads in Ruiru, Kiambu County. Interested bidders are required to provide a refundable deposit of Ksh50,000. Further details regarding the auction, including the venue, items available for auction, conditions of sale, and viewing dates, can be found by visiting www.president.go.ke and www.tenders.go.ke to download the auction catalog.
With unpaid storage debts posing a serious risk, motorists nationwide must address their outstanding dues promptly to avoid losing their vehicles. The auctioneers have issued a clear warning, emphasizing the importance of settling debts to prevent the auctioning of assets. Prospective buyers are advised to exercise caution during the auction process, take appropriate precautions, and seek