Hello guys. I want to give out a car for bolt business. I'll like to know if it's profitable.

Please note; the person will be paying me weekly.

How much should I collect weekly and is it profitable?

What are the terms of this kind of agreement?

Who will be maintaining the car between me and the driver?

Please I need ideas as I've never done this kind of business before.

RosyIsBlessed:
Hello guys. I want to give out a car for bolt business. I'll like to know if it's profitable.

Please note; the person will be paying me weekly.

How much should I collect weekly and is it profitable?

What are the terms of this kind of agreement?

Who will be maintaining the car between me and the driver?

Please I need ideas as I've never done this kind of business before.

There is a thread on Nairaland (Business Section) on Uber/Bolt Business, you can ask your question there or better still go over the thread from beginning to the last page, you will surely find the answer you seek. If I am to advise you, it depends on a lot of factors for example, the type and condition of the Car in question. Besides I will advice you either go with HP option or you drive the car yourself to avoid stories, I have been through that path.

sunnymighty:


There is a thread on Nairaland (Business Section) on Uber/Bolt Business, you can ask your question there or better still go over the thread from beginning to the last page, you will surely find the answer you seek. If I am to advise you, it depends on a lot of factors for example, the type and condition of the Car in question. Besides I will advice you either go with HP option or you drive the car yourself to avoid stories, I have been through that path. For more send me a DM or better still chat me on 07, will soon remove my number, pls dont quote my reply.

I'm working. Really do not want to drive myself.

Can you share the link to this thread.

RosyIsBlessed:


I'm working. Really do not want to drive myself.

Can you share the link to this thread.

I am sorry I don't know how to share a link on this site, but go to business section, it is one of the major topics in that section

sunnymighty:


I am sorry I don't know how to share a link on this site, but go to business section, it is one of the major topics in that section

Okay thank you. But from your experience what's the downside of giving out a car for weekly returns?

RosyIsBlessed:


Okay thank you. But from your experience what's the downside of giving out a car for weekly returns?

Not all drivers are sincere, the possibility of your car being thoroughly abused is high, weekly remittance may not be timely or even regular, coupled with different stories typical of a Danfo drivers in Lagos. I have since retrieved my Car, it is parked in my premises right now as I speak, the possibility of you making profits is low. I can screenshot and send the topic to you, but I don't know how to share a link here and I doubt if you will even have the time to read over 5,000 pages go with HP option if you must do the business, but be extra careful so you don't regret please my 2 Cents.

RosyIsBlessed:
Hello guys. I want to give out a car for bolt business. I'll like to know if it's profitable.

Please note; the person will be paying me weekly.

How much should I collect weekly and is it profitable?

What are the terms of this kind of agreement?

Who will be maintaining the car between me and the driver?

Please I need ideas as I've never done this kind of business before.

Bolt is not a good business. I've done this before with my personal car. There's almost no profit.. so I had to stop. You keep spending the profit on car fix, fuel and car servicing. This is from me driving my car myself not to talk of someone delivering...you won't even believe they're telling you the truth.. reason why many bolt drivers have quit the business. Although there are good days... Such days are event filled Saturdays and religious festive seasons like Xmas, Sala, and ileya

juwoonn:

Bolt is not a good business. I've done this before with my personal car. There's almost no profit.. so I had to stop. You keep spending the profit on car fix, fuel and car servicing. This is from me driving my car myself not to talk of someone delivering...you won't even believe they're telling you the truth.. reason why many bolt drivers have quit the business. Although there are good days... Such days are event filled Saturdays and religious festive seasons like Xmas, Sala, and ileya

God bless you real good for this Bro. been looking for somebody else to come to my 'rescue' on this and save Op before a Wolf in Sheep's clothing comes on here to tell good stories about the business, what works for A might not work for B.

sunnymighty:


Not all drivers are sincere, the possibility of your car being thoroughly abused is high, weekly remittance may not be timely or even regular, coupled with different stories typical of a Danfo drivers in Lagos. I have since retrieved my Car, it is parked in my premises right now as I speak, the possibility of you making profits is low. I can screenshot and send the topic to you, but I don't know how to share a link here and I doubt if you will even have the time to read over 5,000 pages go with HP option if you must do the business, but be extra careful so you don't regret please my 2 Cents.

Thank you. Truly appreciate your responses.

I'll weigh my options with the HP.
Also need guidance of it.

RosyIsBlessed:


Thank you. Truly appreciate your responses.

I'll weigh my options with the HP.
Also need guidance of it.

What type of Car Op? I am afraid you will still have to refer to that same thread, you should be able to get the answer you seek.

2special:
https://www.nairaland.com/2653841/uber-partner-lagos-please-share

Thanks bro! Op here we are.

RosyIsBlessed:
Hello guys. I want to give out a car for bolt business. I'll like to know if it's profitable.

Please note; the person will be paying me weekly.

How much should I collect weekly and is it profitable?

What are the terms of this kind of agreement?

Who will be maintaining the car between me and the driver?

Please I need ideas as I've never done this kind of business before.

If you get a good person u will enjoy it. If u jam a bad person u will regret it.
On weekly payment for a good car weekly payment is 25k-30k depending on the agreement with your driver on repairs. Normally if you are on 25k any repairs under 20k is done by the driver in a month. Any repairs above 20k is done 40% to the driver and 60% to the owner..

But if you don't want stress or wahala. Just do hire purchase and have rest of mind. In Hire purchase the driver takes care of the car repairs. Hire purchase is usually around 35-40k per week.

juwoonn:

Bolt is not a good business. I've done this before with my personal car. There's almost no profit.. so I had to stop. You keep spending the profit on car fix, fuel and car servicing. This is from me driving my car myself not to talk of someone delivering...you won't even believe they're telling you the truth.. reason why many bolt drivers have quit the business. Although there are good days... Such days are event filled Saturdays and religious festive seasons like Xmas, Sala, and ileya

u might have problem with bolt. But transportation business is still the best business if you know and understand your way around it. The game is not to stick to one e-hailing App... There are indrive and Rida too.
As you have a bad experience, there are other with unbelievable wonderful experiences and even teaching others how to be successful in the business.

RosyIsBlessed:
Hello guys. I want to give out a car for bolt business. I'll like to know if it's profitable.

Please note; the person will be paying me weekly.

How much should I collect weekly and is it profitable?

What are the terms of this kind of agreement?

Who will be maintaining the car between me and the driver?

Please I need ideas as I've never done this kind of business before.

Go and check out this thread


https://www.nairaland.com/2653841/uber-partner-lagos-please-share

sunnymighty:


What type of Car Op? I am afraid you will still have to refer to that same thread, you should be able to get the answer you seek.

It's 2008 Corolla. Newly bought belgium. Never been driven in Nigeria.

RosyIsBlessed:


It's 2008 Corolla. Newly bought belgium. Never been driven in Nigeria.

If you must go into the business HP is your best best, but do your due diligence before releasing your car.

sunnymighty:


If you must go into the business HP is your best best, but do your due diligence before releasing your car.

I still prefer the weekly returns. Don't want to sell the car. Currently searching for a responsible person

RosyIsBlessed:


I still prefer the weekly returns. Don't want to sell the car. Currently searching for a responsible person

interested and responsible... location in lag..pls how do I reach you?

RosyIsBlessed:
Hello guys. I want to give out a car for bolt business. I'll like to know if it's profitable.

Please note; the person will be paying me weekly.

How much should I collect weekly and is it profitable?

What are the terms of this kind of agreement?

Who will be maintaining the car between me and the driver?

Please I need ideas as I've never done this kind of business before.

Weekly rentals between 25k to 30k
2...driver will take. Care of minor expenses while u take care of major repairs , assuming ur doing rental and not hp.
3.driver will bring car for inspection to your place maybe once in a month.
4 install car
tracker and comprehensive insurance.
Am interested pls.

pls I can work for you sir

I need a car for bolt and will deliver 30k weekly

08137138189

stacyadams:



Weekly rentals between 25k to 30k
2...driver will take. Care of minor expenses while u take care of major repairs , assuming ur doing rental and not hp.
3.driver will bring car for inspection to your place maybe once in a month.
4 install car
tracker and comprehensive insurance.
Am interested pls.

The driver will care for the repairs so he'll handle the car well

[quote author=RosyIsBlessed post=128124321]

The driver will care for the repairs so he'll handle the car well [/quoo

On HP driver does the full maintenance
On rental car owner does the repair or can share with the driver depending on them negotiation and agreement.

[quote author=stacyadams post=128124437][/quote]

Well that's my terms. In my quest for info about this, I found some who do the whole repairs. That's what will happen with my car. Can't allow anyone to mishandle my car.