₦airaland Forum

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drered:
Hey Guys,

I'm looking at purchasing a 2017 Grand i10 Hyundai with a Manual Transmission to give out for use on the uber/taxify platform. Are partner drivers particular about the transmission considering you'd spend long hours driving and will there be sny issues registering with uber/taxify?

Bros, get another car..

Practical example coming soon...

How can we hit u up? No contact details

4. The owner doesn't handle repairs and maintainance. This is the responsibility of the driver.

This alone can help to cure a lot of headache associated with transport business in Nigeria.

5. The owner already knows exactly what he will get and the duration is fixed. The owner can plan ahead.

6. A lot if risks can be transferred to an insurance company.

Theft, vandalism, fire, flood, accidents and several unforeseen circumstances will handled by an insurance company.

A car tracker can also be installed to mitigate the risk of theft. A tracker can also be used as a security measure to monitor the driver.

7. A good legal agreement also helps to solve several problems.

Contusion everywhere......

Another Reason you should consider Hire Purchase:


3. Sense of ownership because of the down payment .

One of the reasons drivers default in payment is because they do not have ownership.

They can afford to use a car and dump it at any time.

However in a Hire Purchase situation, it's completely different.

The driver usually pays an agreed amount of money ( down payment ) to the owner even before he picks up the car.

Drivers pays anything from 10 to 40% as down payment.

The driver has equity in the car and this triggers an automatic sense of responsibility.

akaynezi:
Spot-on. To succeed in E- hailing business "HIRE PURCHASE " is the best way to go. Though, it has its ' Pros and Cons '. I have been deeply involved in it for over two years and i will say the business is thriving.

Bless you. The business has changed over time and every investor should also embrace change.

The dynamics are different now. At the moment, every driver wants a sense of ownership. Investors should also accept this new reality.

At the end of the day, its a win win situation for every party involved

I'm here to guide us on how to get it right...

Benefits Of Hire Purchase to an investor

1. You retain full ownership of the car until full payment is received.

2. If the driver decided to pull out of the agreement, at any time you have nothing to lose. You are not obliged to refund any money to the driver.

Let me give an example. Bayo decides to pick up a Toyota Corolla on Hire Purchase from Obasanjo.

Car value at point of purchase N1M.
Amount to be repaid 2.4M.
Duration 2 years

After a year Bayo will have paid exactly 1.2M to Obasanjo.
If Bayo decides to pull out at the point, Obasanjo will just take possession of the Car and move on.

Obasanjo will not refund the 1.2M he has received over time.

Thats how it works.

With the way PMB handles Nigeria. Many things will become idle...

Good morning..

To be continued.....

Available....

Hire Purchase Plan

The hire purchase plan was first developed in the United Kingdom, but it is more commonly known in the United States as a rent-to-own plan.

A hire purchase is most commonly employed when a company or individual does not wish to make the capital outlay (or can not afford ) to purchase a piece of equipment.

The company or individual therefore, signs a rent-to-own agreement in which it makes regular rental payments, a portion of which is applied to the eventual purchase price.

If the company or individual carries the agreement to term, then at the end of the agreement, it owns the equipment.


Now let's bring it home,

An average Uber or Taxify driver will love to own a car after some time. I know this as someone in the system.

However an average driver can not afford to buy a car. A Tokunbo Toyota Corolla costs about N1.8M.

I know for a fact that an average driver can not afford this. I still drive ( part time ) till today.

nifemi25:
I'm interested in higher purchase if there is any one that want to invest on higher purchase.. The car will be used mainly on UBER & TAXIFY. You can call or whatsapp this number 08065805412

We will get to this stage later. For now just keep reading. Thanks

Hello,

I'm a transporter. I've been in this business since 2013 and I just love it.

I started as a cab man and I'm still in the business till today.

Over time we have witnessed a lot of changed and E hailing as we call it now has come to stay. The major E- hailing operators are Uber and Taxify.

They present a business opportunity for investors and a form of employment for the drivers as well.

I want shed more light on a particular model that can produce profitable results for any potential or existing investor.

The business model is this.

1. Buy a car or use the car you have already ( if its good enough for the business)

2. Give it to a driver on Hire Purchase.

That's all. Sounds so simple but there are several factors involved and an entire process to follow.

That's the essence of this thread.

Welcome on board....

Still available...

shogsman:
The highest dollar note is 100,now explain how 100,000 notes will fit in inside a car booth

100 dollar notes * 100 pieces makes 1 bundle. 1 bundle is 10,000 dollars.

10M is just 1,000 bundles.

Note:

1. Have you seen the boot of a Nissan Amanda?

2. Dollar bills are not as big as Naira notes.

shogsman:
He is a man of integrity but a car boot cannot house $10million.

It is very possible.

CaptainFM1:
My friend u are not rich at all. You are very wealthy! However, ordinary divorce settlement to MacKenzie Bezos alone makes you look like a poor man.

What exactly is the reason for this? Don't give yourself headache.

The man us not involved in any competition. He only shared a true life experience.

Don't use panadol for another man's headache.

Andyoa:
1.65m?

Not good enough for this clean ride. Increase your offer...

Unlimitk:
Shut d fukk up!

Don't u know what he and his brother everyday spoiling this site with their useless chest beating,like nigga we av heard u
I'm just tired of these guys and their stupid topics

If u cant lecture them, I will
Someone has to say the truth

This shitt is boring

I mean, we get it,u ibos are rich industrious
But we don't give a fukk
Its fukking annoying

Its official. You are just jealous and you need help...

However we will ignore you for now while we enjoy this inspiring story.

Note: I'm Yoruba. I admire success. Its not all about tribe.

I'm not impressed...

Available...