Family Bank Announces Public Auction of 37 Vehicles with Reserve Prices Starting at KSh 280,000

Family Bank auctions 37 vehicles including Nissan, Toyota, and Mercedes-Benz models. Reserve prices from KSh 280k to KSh 6.6m. Bid by March 23, 2026.

By: AXL Media

Published: Mar 16, 2026, 6:23 AM EDT

Source: The information in this article was sourced from TUKO.co.ke

Public Auction Notice and Bidding Timeline

In a public notice published on Monday, March 16, 2026, Family Bank invited the public to participate in a competitive bidding process for a fleet of 37 vehicles. The auction includes a diverse array of automobiles, including personal sedans, public service vehicles (PSVs), and heavy-duty commercial trucks. Bidders are required to submit their quotes via the bank’s official website or physically at Family Bank Towers in Nairobi. The deadline for all submissions is set for March 23, 2026, marking a short window for potential buyers to inspect the assets and finalize their bids.

High-Value Commercial Assets and Luxury Models

The auction features several high-value items, with the most expensive being a 2021 Fuso Lorry with a reserve price of KSh 6.6 million. Other notable heavy-duty entries include a 2019 Mercedes-Benz Actros valued at KSh 5.5 million and a 2019 Isuzu FVZ set at KSh 5 million. For construction and industrial players, the bank is also offloading a 2010 Caterpillar Excavator located in Nakuru, with a reserve price of KSh 4.2 million. These assets represent significant opportunities for businesses looking to expand their logistics or construction fleets at potentially below-market rates.

Entry-Level and Budget-Friendly Options

For individual buyers or small businesses, the auction provides several accessible options. The lowest-priced vehicle on the list is a 2008 Nissan Vannette with a reserve price of KSh 280,000. Other affordable models include a 2003 Toyota IST for KSh 300,000 and a 2007 Toyota Litecase also priced at KSh 300,000. The variety of models—ranging from the Mazda Carol to the Subaru Forester—ensures that the auction appeals to a wide demographic of Kenyan motorists looking for value in the second-hand market.