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Tokunbo Car Hire-purchase - Any Available? - Autos - Nairaland

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I Have This Tokunbo Car For Sale On Instalmental Basis / How To Get A Cheap Tokunbo Car From Cotonou For Almost Nothing / I Need A Tokunbo Car Dealer In Lagos Who Does Financing Through The Bank (2) (3) (4)

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Tokunbo Car Hire-purchase - Any Available? by Nobody: 2:07pm On Aug 06, 2007
Is there any bank that will finance the purchase of a tokunbo car? on what terms please? thanks
Re: Tokunbo Car Hire-purchase - Any Available? by Seun(m): 2:27pm On Aug 06, 2007
Moving to the Autos section.
Re: Tokunbo Car Hire-purchase - Any Available? by ssRhino: 3:12pm On Aug 06, 2007
it all depends on what and what you can afford, i am not aware of the banks that cld do that, however, what can u afford and how much can u afford to be paying on a monthly basis and do you have a job to sustain this, what can of vehicle are u looking into buying and ince again, how much are u willing to spend?
Re: Tokunbo Car Hire-purchase - Any Available? by Nobody: 3:57pm On Aug 06, 2007
I heard that First INland bank would finance but with 50% downpayment, and u pay another 50% to finance monthly payments. Then at the end of the tenure, u get back your second 50% or something like that. Has anyone heard of this??
Re: Tokunbo Car Hire-purchase - Any Available? by CuriousLi(f): 5:00pm On Aug 06, 2007
That FirstInland gist looks silly. if one had the full 100% percent to put up, why go looking for a financier in the first place. reallyyy!

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Re: Tokunbo Car Hire-purchase - Any Available? by atilla(m): 6:06pm On Aug 06, 2007
@curious LI - your a smart girl , i didnt even see that when i read it



@poster sorry i dont know of any. if I find ill post it for you

good luck matey
Re: Tokunbo Car Hire-purchase - Any Available? by Nobody: 2:44pm On Aug 08, 2007
Curious Li, u missed the part about GETTING BACK the 50% after two years or so na so dem dey take fail exam!!

From what I hear its something like this: U want a 500k car, u pay 500k, u get 250k back after 2yrs. Now if after 2 yrs I sell off my 500k car for 350k, i wil have an extra 250k to add to that for another car - not so silly if i may add. Just want to no if its true - cant find any info on their website
Re: Tokunbo Car Hire-purchase - Any Available? by bdorg(m): 4:07pm On Aug 09, 2007
I hear BankPHB gives out consumer loans which you may use to purchase your car after a down payment of 20%. Interest. rate is 17% I think.

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