Terms and Conditions

1. DEFINITIONS

For purposes of these Terms and Conditions:

• "Company" refers to Corefield Investments.
• "Platform" refers to the website and any related digital services.
• "User" refers to any individual who accesses or registers on the platform.
• "Buyer" refers to a user who applies to purchase a vehicle through financing.
• "Seller" refers to a vehicle dealer or individual listing a vehicle for sale.
• "Financier" refers to the financial institution or funding partner providing financing for vehicle purchases.

2. ACCEPTANCE OF TERMS

By creating an account or using the services provided on the platform, you acknowledge that you have read, understood, and agreed to these Terms and Conditions.

The Company reserves the right to modify these Terms at any time. Updated versions will be posted on the website and will take effect immediately.

3. SERVICES PROVIDED

The platform operated by Corefield Investments provides a digital marketplace where:

• Vehicle buyers can browse available vehicles
• Sellers can list vehicles for sale
• Financing partners can facilitate asset financing

The Company acts as a facilitator connecting buyers, sellers, and financiers and does not necessarily act as the direct lender unless otherwise specified.

4. USER ELIGIBILITY

To use the platform, a user must:

• Be at least 18 years old
• Be legally capable of entering into binding contracts
• Provide accurate personal and identification information

Users agree that all information submitted during registration and application is true and accurate.

5. ACCOUNT REGISTRATION

Users must create an account to access financing services on the platform.

Users agree to:

• Maintain confidentiality of login credentials
• Be responsible for all activity under their account
• Notify the Company immediately of unauthorized use

The Company reserves the right to suspend or terminate accounts suspected of fraudulent activity.

6. APPLICATION PROCESS

Buyers applying for vehicle financing must:

1. Register an account on the platform.
2. Select a vehicle available for purchase.
3. Upload required Know Your Customer (KYC) documents.
4. Submit a vehicle valuation report currently charged at KES 4,500.

Submitting an application does not guarantee approval.

Financing approval is subject to:

• Credit assessment
• Financial review
• Verification of submitted information
• Approval by the relevant financing partner

Approval decisions are normally communicated within three (3) working days.

7. CREDIT AND FINANCING TERMS

All financing arrangements are subject to:

• Separate financing agreements
• Applicable interest rates and repayment terms
• Conditions imposed by the financing partner

The Company does not guarantee loan approval for all applicants.

Users who receive financing must comply with the repayment obligations agreed upon with the financier.

Failure to repay may result in:

• Legal recovery procedures
• Asset repossession
• Reporting to credit reference bureaus

8. VEHICLE LISTINGS AND REPRESENTATIONS

Sellers are responsible for ensuring that:

• All vehicle listings are accurate
• Vehicles are legally owned
• Vehicles are free from undisclosed encumbrances

The Company does not guarantee the condition of listed vehicles and recommends buyers conduct independent inspections where necessary.

9. FEES AND PAYMENTS

Certain services on the platform may require payment, including but not limited to:

• Vehicle valuation reports
• Processing fees
• Administrative charges

All fees paid are non-refundable unless stated otherwise.

The Company reserves the right to modify fees at its discretion.

10. DATA PROTECTION AND PRIVACY

The Company collects and processes personal information in accordance with the Kenya Data Protection Act 2019.

User information may be used for:

• Identity verification
• Credit assessment
• Communication regarding services
• Compliance with legal obligations

User data will not be shared with unauthorized third parties except where required for financing or regulatory compliance.

11. LIMITATION OF LIABILITY

To the fullest extent permitted by law, Corefield Investments shall not be liable for:

• Losses arising from transactions between buyers and sellers
• Financing decisions made by third-party financiers
• Errors or interruptions on the platform
• Indirect or consequential damages

Users agree to use the platform at their own risk.

12. INTELLECTUAL PROPERTY

All content on the platform including:

• Logos
• Branding
• Text
• Website design
• Software

is the property of Corefield Investments and may not be copied, reproduced, or distributed without written permission.

13. TERMINATION

The Company reserves the right to suspend or terminate access to the platform if a user:

• Violates these Terms
• Provides false information
• Engages in fraudulent or illegal activity

14. DISPUTE RESOLUTION

Any dispute arising from the use of the platform shall first be resolved through good faith negotiations between the parties.

If the dispute cannot be resolved amicably, it shall be referred to arbitration in Nairobi, Kenya in accordance with the Arbitration Act of Kenya.

The decision of the arbitrator shall be final and binding.

15. GOVERNING LAW

These Terms and Conditions shall be governed and interpreted in accordance with the laws of Kenya.

16. CONTACT INFORMATION

For any inquiries regarding these Terms and Conditions, users may contact: