Hi guys, am thinking of getting my first car via asset financing, around 500K, anyone who has done this and what are the pros and cons and the best financial institution for this service?

Thanks for your comment Olu, dont you think buying in cash will hold up cash flow for other investments, I have a regular job, am a farmer plus co run software development company. The car would help me save on that which we cant buy- time

Back in the day, only brand new cars could be purchased through asset financing, maybe things have changed.

overvalue the vehicle u want to buy pay no deposit and drive off in your new fielder courtesy of crooked valuers,motorvehicle dealers and bankers

am buying a car through equity valued at 600k, for 36months at 14per cent so far everything is fine, however its the car dealers you have to be careful about. I gave my deposit in a yard along langata road only for the dealer to sell the car yet i had paid for vauation costs and deposit.she started giving stories about refunding my deposit. woe unto her she didn't know the golden rule of never underestimating anyone.
family bank also have great rates at 48months financing.
all the best.