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Dealers win as Treasury increases car lease order

Eyre Motors

Second-hand motor vehicles at Eyre Motors yard in Mombasa on July 5, 2021. 

Photo credit: Wachira Mwangi | Nation Media Group

What you need to know:

  • Car dealers have been handed a boost after the Treasury increased the number of vehicles it wants to lease by 242 units, promising a big relief to the traders hard hit by low sales due to the high costs of automobiles.
  • The Treasury said it will require 1,652 vehicles for the seventh round of its four-year car leasing programme, up from the 1,410 initially listed in its order book in December.
  • In the programme, government ministries, departments, and agencies (MDAs) request the exchequer to lease vehicles on their behalf.

Car dealers have been handed a boost after the Treasury increased the number of vehicles it wants to lease by 242 units, promising a big relief to the traders hard hit by low sales due to the high costs of automobiles.

The Treasury said it will require 1,652 vehicles for the seventh round of its four-year car leasing programme, up from the 1,410 initially listed in its order book in December.