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Pls I Need A Mini-bus For Hire Purchase - Car Talk - Nairaland

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I Need A Mini Bus For Transpotation Business / Hire-purchase Vehicle Needed For Uber/taxify / I Need A Car On Hire Purchase Agreement. (2) (3) (4)

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Pls I Need A Mini-bus For Hire Purchase by funso77(m): 12:49pm On Apr 20, 2016
Am interested in starting an inter-state transportation business and would require a mini-bus like a Toyota Sienna and the likes for a hire purchase. Terms of agreement would be ironed out between both parties for a win-win situation. Please call or whatsapp at 08098791557.
Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 5:26pm On Apr 21, 2016
Please Nairalanders, help a brother in need
Re: Pls I Need A Mini-bus For Hire Purchase by captainking(m): 7:21am On Apr 22, 2016
I need mini buses to buy... And give out to the guy above me to use for hire purchase.... Any one Willing to sell or knows a seller should contact me... 08140077394....

1 Like 1 Share

Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 10:07am On Apr 22, 2016
@captainking My brother God bless you if ure true to ur words and assistance. May u find favour in every direction u seek to grow. Looking 4ward to a favorable response from u and fellow nairalanders/investors out there
Re: Pls I Need A Mini-bus For Hire Purchase by captainking(m): 5:33pm On Apr 22, 2016
funso77:
@captainking My brother God bless you if ure true to ur words and assistance. May u find favour in every direction u seek to grow. Looking 4ward to a favorable response from u and fellow nairalanders/investors out there
God will bless you too... Am really looking for sellers..
Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 9:04pm On Apr 22, 2016
@captainking well my brova I do av a contact in Lagos if u don't mind. Very honest and reliable. He buys straight frm Cotonou. Lemme know what u think
Re: Pls I Need A Mini-bus For Hire Purchase by princemillla(m): 10:21pm On Apr 22, 2016
captainking:
I need mini buses to buy... And give out to the guy above me to use for hire purchase.... Any one Willing to sell or knows a seller should contact me... 08140077394....

I Have mercury villager sport for 500k.

The engine is superb the gear is lovely, just buy n drive

1 Like

Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 7:05pm On Apr 23, 2016
princemillla:


I Have mercury villager sport for 500k.

The engine is superb the gear is lovely, just buy n drive

Nigerian used? Whatabout pictures of d inside and for how long have u used dis vehicle?
Re: Pls I Need A Mini-bus For Hire Purchase by princemillla(m): 7:45pm On Apr 23, 2016
funso77:


Nigerian used? Whatabout pictures of d inside and for how long have u used dis vehicle?

The gold is newly purchased as Nigeria used, just a month( engine and gear is still intact like new)
.other functions still works better.

Chek the red villager inner below

Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 8:52am On Apr 24, 2016
Am thanking all who reached out, extending their hands of support, God grant ur heart desires this new week as well.

Av not seen any offers but am keeping d hopes alive. Pls help spread d word. God bless u as u do and if ure reading this now, chances are u can do something for me, we cld work out something 2 also pull other nairalanders in need up.
Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 5:10pm On Apr 24, 2016
Still reaching out 2 all concerned Nairalanders, pls assist
Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 7:12pm On Apr 25, 2016
Thanks 2 everyone who has reached out so far, I really appreciate d efforts but am still looking for suitable offer. Pls help spread the word
Re: Pls I Need A Mini-bus For Hire Purchase by MPVGoddess: 7:08pm On Apr 26, 2016
How about expanding the options:

I for one do not subscribe to the hire purchase model.

We wish to remain largely in control, plus the hire purchase profit model is too shallow for our liking.

For our vehicles, we will do comprehensive insurance, we will be in charge of servicing, we will insure our drivers, and we will pay our drivers a percentage of earnings that we believe is decent, but we will do a proper/legally enforceable agreement which means if a driver messes up, he is kicked out, but if he plays nice, he is nicely rewarded better than what normally obtains.

There may be vehicles out there that are available but not on hire purchase, from others apart from us.

Just a few thoughts for your consideration

1 Like 1 Share

Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 1:09pm On Apr 27, 2016
MPVGoddess:
How about expanding the options:

I for one do not subscribe to the hire purchase model.

We wish to remain largely in control, plus the hire purchase profit model is too shallow for our liking.

For our vehicles, we will do comprehensive insurance, we will be in charge of servicing, we will insure our drivers, and we will pay our drivers a percentage of earnings that we believe is decent, but we will do a proper/legally enforceable agreement which means if a driver messes up, he is kicked out, but if he plays nice, he is nicely rewarded better than what normally obtains.

There may be vehicles out there that are available but not on hire purchase, from others apart from us.

Just a few thoughts for your consideration

Well, thanks for ur candid thots but lemme clear something here. I believe to some extent it is the greediness of sm investors or d opinionated idea of turning drivers 2 slaves that has largely crippled d transportation biz and d dishonesty exhibited at most times. Consider working 4 an organization 4 example, after u've negotiated ur salary and d coy now pays u what they like coz its ur fault that d coy is nt doing well or being managed well so u av 2 pay 4 it. Just imagine that scenario. Or they blv ure earning above ur paygrade so without consulting u they shld cut ur earnings.

If u've decided to do biz in a certain way irrespective of whatever profit that has bn agreed upon by both parties, who earns more or less shldnt b a problem. There r diff scenarios I can site but let me not eat up space.

Ure right though, but d question is how much longer d'u wanna exploit a man who has given u twice ur investment in a biz which u cannot even get frm financial institutions dis days. He will become dishonest and start working 4 his pocket 2
Re: Pls I Need A Mini-bus For Hire Purchase by MPVGoddess: 1:50pm On Apr 27, 2016
funso77:


Well, thanks for ur candid thots but lemme clear something here. I believe to some extent it is the greediness of sm investors or d opinionated idea of turning drivers 2 slaves that has largely crippled d transportation biz and d dishonesty exhibited at most times. Consider working 4 an organization 4 example, after u've negotiated ur salary and d coy now pays u what they like coz its ur fault that d coy is nt doing well or being managed well so u av 2 pay 4 it. Just imagine that scenario. Or they blv ure earning above ur paygrade so without consulting u they shld cut ur earnings.

If u've decided to do biz in a certain way irrespective of whatever profit that has bn agreed upon by both parties, who earns more or less shldnt b a problem. There r diff scenarios I can site but let me not eat up space.

Ure right though, but d question is how much longer d'u wanna exploit a man who has given u twice ur investment in a biz which u cannot even get frm financial institutions dis days. He will become dishonest and start working 4 his pocket 2


Dear brother,

Did you say greed? What of the banks, oil companies, the likes of beverage makers, alcoholic drinks, the telecoms firms and co? do they do the x1.5 or x2.0 model? what of the latest craze in town Uber? Care to know how many hundreds and thousands of times, they make the money they invested?

There is a certain refrain in business - nothing ventured, nothing gained. There is yet another refrain: the greater the risk, the greater the return. The vehicle owner risks more than the driver, and so the reward should be skewed in his favour, not the other way round.

This is not an emotional argument but a rational argument.

My research yielded the following information:
- the hire purchase model in which an investor gains x1.5 or x2.0 his investment in 1 or 2 years
- the fuel money model in which the driver is given 18,000.00 per trip
- the weekly return model in which the vehicle owner is given 30,000.00 per week
- the per round trip model in which the vehicle owner is given 25,000.00 per trip
- the uber model in which the driver earns a percentage and Uber earns 20% to 25%

In most of the above models except the uber model, the driver sees much more cash than the one who owns the vehicle. That if you know business is not business. Given the level of investment of both the driver and the vehicle owner.

There is a missing link here, often the agreements are oral, also if there is an accident the drivers bears no risk, the vehicle owner does. So handing over a vehicle to a driver is more often than not, bankrolling the driver and creating losses for the vehicle owner. And the driver often cannot enforce the agreement against the company, it is his word against theirs. That is not our model. Everything is documented. the agreement, everything. because everything is recorded, we can measure, and we can take action immediately before we are messed up.

Who bears more risk? the driver? or the one who owns the vehicle and in whose name the vehicle is registered and should something untoward happen, he will be liable.

The answer is clear.

There is another issue, if I invest, I should dictate the terms of return I am comfortable with. Either you work with me or I find someone who will.

With me, my vehicles are comprehensively insured. The driver is also insured. I also pay for a Health maintenance plan for the driver, so should he fall sick up to a certain amount, he does not pay from his pocket, and up to a certain amount the company will match any amount the driver has to pay. But I want to be in control of the driver and the vehicle and not the driver in control of me and my vehicle. So among other things, no repairs without authorization, no repairs at unauthorized places, no damages to the vehicle or other people's property and if there is damage then the driver must split costs. So even when he earns, I hold on to a portion of his earning, and release it to him at the end of a set period of accident-free driving and in which no parts failed which can be attributable to human error and this is in the agreement.

I do long term. Each vehicle will be run for 5 years. at the end of the 5 years, it can be written off and sold as scrap, that is my model not one year or two years, it does not make sense to a business properly run with overheads to do the one or two years thing. But given all that is thrown into the bargain, my driver has a better deal than the driver in those other models above.

He also agrees in writing that if he messes up, he losses each of those benefits.

of course if he scared, he should have his own lawyer come to the negotiating and agreement signing stage, because I am beginning to think one of the witnesses for our drivers must be a lawyer, and he too must sign an attestation that he personally read and explained the contents of the agreement to the driver, and that the driver admitted he understand the obligations and liabilities, however, beyond that the lawyer who witnessed has not obligations in the occasion of a default by the driver except that his attestation will be used against the driver, if we have to enforce the terms of the agreement against the driver.

But we document the agreement capturing each and every single possible scenario that drivers have used to cheat owners, and also ensuring that the driver gets a fair bargain if he treats the vehicle well.

I don't mind handing over the vehicle to the driver for 500,000 at the end of 5 years provided he has made me met my projections. Certainly not over 2 years, God forbid. What of my overheads, taxes, and most importantly, a healthy profit margin? Am no father christmas, man!

Just get this right, no one ever pays your 100,000.00 as salary because you made 100,000.00. Usually you make 1,000,000.00 and get paid 100,000.00 as salary, that is business for you. If you don't like it, then find your own money and don't work for anyone.

You think both ways, what if i were the driver, and what if i were the owner, and what if i ran a business, then you will appreciate the above.

If you ask all those with sour stories from dealing with drivers, then you will agree that we have most certainly not gone overboard

2 Likes

Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 7:26am On Apr 29, 2016
@MPVGoddess, well xplained 4 those interested in ur model and business operandi but mind u am nt here 2 argue and neither is dis a thread 4 sm emotional outburst. That's y in business there are competitions, incentives and all that and 4 what purpose? Workers welfare or customer retainership? Look inwards, nobody cares how ur management is structured or how much profit u make yearly except ure a shareholder, d business owner or an employee of d organization.

D risks u outlinedd above is necessary coz u wanna b in d biz 4 a long term jus as u said. U wanna b in control so what d'u think is expected? There r instances and likely possibility dat wht ure toiling afta 4 d said 5years, pple cn make it in 2-3years and wlda already moved on 2 something else. Its about what we want.

My thread wz created 2 look 4 someone or an org who cn help me on a short term basis with a vehicle on hire purchase terms and am focused on that rationale and nt deviating. Am nt interested in d profession or how it's a means to an end, am passionate about it, focused and very zealous 2 turn my passion into income
Re: Pls I Need A Mini-bus For Hire Purchase by MPVGoddess: 9:24am On Apr 29, 2016
funso77:
@MPVGoddess, well xplained 4 those interested in ur model and business operandi but mind u am nt here 2 argue and neither is dis a thread 4 sm emotional outburst. That's y in business there are competitions, incentives and all that and 4 what purpose? Workers welfare or customer retainership? Look inwards, nobody cares how ur management is structured or how much profit u make yearly except ure a shareholder, d business owner or an employee of d organization.

D risks u outlinedd above is necessary coz u wanna b in d biz 4 a long term jus as u said. U wanna b in control so what d'u think is expected? There r instances and likely possibility dat wht ure toiling afta 4 d said 5years, pple cn make it in 2-3years and wlda already moved on 2 something else. Its about what we want.

My thread wz created 2 look 4 someone or an org who cn help me on a short term basis with a vehicle on hire purchase terms and am focused on that rationale and nt deviating. Am nt interested in d profession or how it's a means to an end, am passionate about it, focused and very zealous 2 turn my passion into income

My point was and still is do not limit your options.
The tail of the elephant is better businesswise than a complete ant!

In plain English, say you want to be paid 2.5 million for a contract, but the client is offering 1.75 million, will you rather walk away or get less?
There are people who do hire purchase, I pray you find them, but if you don't will you rather stay unemployed? Under-employment is better than no-employment. Ask all the contract workers in Nigeria who faithfully report to duty day in day out despites the hues and cries of slavery. That in one sentence is the message am passing.

By the way, I made it clear from the onset I was not asking you to come on board my ship.
I wanted to help you see what goes on in the mind of someone who has funds or vehicles when someone who doesn't and needs same approaches him to be given one.

NO ONE IS INTERESTED IN HELPING YOU, UNLESS YOU HELP THEM REACH THEIR OWN GOALS FIRST! THEREFORE IF YOUR GOAL DOES NOT HELP THEM REACH THEIR GOAL, THEIR VEHICLES WILL RATHER LIE FALLOW AND THEIR FUNDS UNDERUTILIZED THAN OTHERWISE. SO SMART PEOPLE WILL PREPARE A PROPOSAL THAT MAKES MIND/HEART OF THE FUNDS/VEHICLE OWNER JUMP FOR JOY, SO THEY TOO GET WHAT THEY WANT. YOU CANNOT DO THAT UNLESS YOU KNOW/UNDERSTAND/APPRECIATE HOW THEY THINK!

I bet you no transport company can operate that model and survive.

No company can break even with the hire purchase model.

If hire purchase is cost x 2
Let's say a sienna cost 1,000,000.00
Then you want to pay the vehicle owner 2,000,000.00

Any company that operates the hire purchase model is not being forthright with its tax obligations and the need to truly break even and not appear to break even because:

Nigeria's corporate income tax is 30% of profits
so if he made 2,000,000.00 gross then assuming profit is 1,000,000.00

then he would actually be going home with 700,000.00 because 300,000.00 belongs to the government

but that calculation fails to take into consideration that he also has to maintain the vehicle and pay for fuel, etc, etc

He also needs to pay staff. He also has to pay VAT at 5%, although they are plans to increase it to 18%.
Then there are levies paid to local governments, state governments, licenses before the vehicle can be on the road, insurance, etc.
there is also education tax aka tertiary education tax,

What of the cost of the property from which the company operates?

Point is from the point of view of a business, the hire purchase model is not sensible.

Even if it were sensible, the multiplier will not be x2 but much higher. So a smart guy will tell the lender, others do x2, but I will increase it to ….
Of course, I am not saying no one will help you, am just explaining why it is difficult to break even from the standpoint of a corporate entity on the hire purchase model.

And which is why to the true corporate player, your proposition does not fly.Which is why you present this proposal to the bank, and it will be land in the bin.

There is next to nothing to be made, it favors you, not the owner of the funds.

And with the economy as it is, people are taking the time to ensure they don't run losses.

I wish you the best...with the hire purchase model.

I hesitated to comment all along even though I saw the thread from the moment you created it, now I have, tried to help you look at matters from the angle of those whom you are seeking help from.

Assuming you are dealing with an individual and not a company, then personal income tax rates apply, and if the person is honest with his tax obligations, then the x2 model is still not reasonable because are looking at the following taxable deductions:

First 300,000 is 7%
next 300,000 is 11%
Next 500,000 is 15%
Next 500,000 is 19%
Next 1,600,000 is 21%
Over 3,200,00 is 24%

I will comment no further, since my aim is not to detract from your mission.

I have already succeeded in educating anyone who wants to be a driver for a vehicle he does not own to see the big picture, so he can prepare a winning proposal for both parties.

Someone somewhere will most definitely thank me for this analysis.

Case Closed

2 Likes

Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 10:15am On Apr 29, 2016
MPVGoddess:


My point was and still is do not limit your options.
The tail of the elephant is better businesswise than a complete ant!

In plain English, say you want to be paid 2.5 million for a contract, but the client is offering 1.75 million, will you rather walk away or get less?
There are people who do hire purchase, I pray you find them, but if you don't will you rather stay unemployed? Under-employment is better than no-employment. Ask all the contract workers in Nigeria who faithfully report to duty day in day out despites the hues and cries of slavery. That in one sentence is the message am passing.

By the way, I made it clear from the onset I was not asking you to come on board my ship.
I wanted to help you see what goes on in the mind of someone who has funds or vehicles when someone who doesn't and needs same approaches him to be given one.

NO ONE IS INTERESTED IN HELPING YOU, UNLESS YOU HELP THEM REACH THEIR OWN GOALS FIRST! THEREFORE IF YOUR GOAL DOES NOT HELP THEM REACH THEIR GOAL, THEIR VEHICLES WILL RATHER LIE FALLOW AND THEIR FUNDS UNDERUTILIZED THAN OTHERWISE. SO SMART PEOPLE WILL PREPARE A PROPOSAL THAT MAKES MIND/HEART OF THE FUNDS/VEHICLE OWNER JUMP FOR JOY, SO THEY TOO GET WHAT THEY WANT. YOU CANNOT DO THAT UNLESS YOU KNOW/UNDERSTAND/APPRECIATE HOW THEY THINK!

I bet you no transport company can operate that model and survive.

No company can break even with the hire purchase model.

If hire purchase is cost x 2
Let's say a sienna cost 1,000,000.00
Then you want to pay the vehicle owner 2,000,000.00

Any company that operates the hire purchase model is not being forthright with its tax obligations and the need to truly break even and not appear to break even because:

Nigeria's corporate income tax is 30% of profits
so if he made 2,000,000.00 gross then assuming profit is 1,000,000.00

then he would actually be going home with 700,000.00 because 300,000.00 belongs to the government

but that calculation fails to take into consideration that he also has to maintain the vehicle and pay for fuel, etc, etc

He also needs to pay staff. He also has to pay VAT at 5%, although they are plans to increase it to 18%.
Then there are levies paid to local governments, state governments, licenses before the vehicle can be on the road, insurance, etc.
there is also education tax aka tertiary education tax,

What of the cost of the property from which the company operates?

Point is from the point of view of a business, the hire purchase model is not sensible.

Even if it were sensible, the multiplier will not be x2 but much higher. So a smart guy will tell the lender, others do x2, but I will increase it to ….
Of course, I am not saying no one will help you, am just explaining why it is difficult to break even from the standpoint of a corporate entity on the hire purchase model.

And which is why to the true corporate player, your proposition does not fly.Which is why you present this proposal to the bank, and it will be land in the bin.

There is next to nothing to be made, it favors you, not the owner of the funds.

And with the economy as it is, people are taking the time to ensure they don't run losses.

I wish you the best...with the hire purchase model.

I hesitated to comment all along even though I saw the thread from the moment you created it, now I have, tried to help you look at matters from the angle of those whom you are seeking help from.

Assuming you are dealing with an individual and not a company, then personal income tax rates apply, and if the person is honest with his tax obligations, then the x2 model is still not reasonable because are looking at the following taxable deductions:

First 300,000 is 7%
next 300,000 is 11%
Next 500,000 is 15%
Next 500,000 is 19%
Next 1,600,000 is 21%
Over 3,200,00 is 24%

I will comment no further, since my aim is not to detract from your mission.

I have already succeeded in educating anyone who wants to be a driver for a vehicle he does not own to see the big picture, so he can prepare a winning proposal for both parties.

Someone somewhere will most definitely thank me for this analysis.

Case Closed

Surely someone will thank u 4 dis but my silence over ur reiterations doesn't mean acceptance. What I seek is assistance which will metamorpse into a big scale venture in d nearest future nt starting or running an org now. Am nt adamant on my views but ur xplanations can best b utilized by dem Uber and d rest.

We talking making money off d streets hia and ure talking tax and returns. Thanks all d same 4 ur comments. Appreciated.

3 Likes

Re: Pls I Need A Mini-bus For Hire Purchase by bravolad(m): 1:45pm On Apr 29, 2016
funso77:


Surely someone will thank u 4 dis but my silence over ur reiterations doesn't mean acceptance. What I seek is assistance which will metamorpse into a big scale venture in d nearest future nt starting or running an org now. Am nt adamant on my views but ur xplanations can best b utilized by dem Uber and d rest.

We talking making money off d streets hia and ure talking tax and returns. Thanks all d same 4 ur comments. Appreciated.

I doubt any business person who genuinely gets his money will give you a vehicle based on your terms. To get a mini bus for hirer purchase, you must make some deposits, pay up the balance within a short period so that such owner can maximise profit.

Also, your tone on this thread does not portray you as genuinely seeking for help but looking for someone to prey on.

I don't think you will meet the conditions for hirer purchase.

Just my thought based on your responses.

1 Like

Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 5:58pm On Apr 29, 2016
bravolad:


I doubt any business person who genuinely gets his money will give you a vehicle based on your terms. To get a mini bus for hirer purchase, you must make some deposits, pay up the balance within a short period so that such owner can maximise profit.

Also, your tone on this thread does not portray you as genuinely seeking for help but looking for someone to prey on.

I don't think you will meet the conditions for hirer purchase.

Just my thought based on your responses.

Well, I guess my responses has given me away which I didn't want to engage in, in d 1st place. My brother, anybody reading this is gonna b doubting my integrity and sincerity now which wz never intended. Am not looking 4 anyone 2 prey on, pls my brother that assumption is wrong. My solicitation is 4 any one who understands d terms and conditions of dis particular investment. There is d hire purchase act, docs online 4 referral, pls am nt a swindler and b4 am labelled 1.

@MPVGoddess, it seems ur arguement has given me another name and tarnished my credentials but I do blv pple will find ur comments just as appropriate.

Well, I still use this medium 2 reach out 2 everyone who understands d hire purchase act and willing 2 assist. We can discuss terns, agreements and conditions as 2 what will benefit either parties ind short term.

Thanks and God bless
Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 12:56pm On May 01, 2016
I'd like to use this opportunity 2 thank each and everyone who has either contacted me directly or commented on my thread so far.

In some views, I have bn critised, appraised of my passion and career move, misjudged and misunderstood. But am still not relenting on my efforts to start up dis inter-state passenger transportation biz.

As I av explained in my previous posts, am looking for an investor in form of a partner who is willing to give out his/her 3 seater row mini-bus on a hire purchase for dis business purpose. Though I av received considerations from a number of people which shows and explains my genuineness and passion, please do not be offended if I'kd turned down ur offer, I simply do not want to be hooked with a prior arrangement while what I wanted later shows up.

Please everyone, help spread d word and if u can invest in hire purchase deal, my contacts are given above, do not hesitate to contact as am still seriously seeking. And if u av any reservations, pls air ur opinions.

Happy Sunday 2 u all.
Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 4:31pm On Jun 06, 2016
Its totally sad and very disheartening how pple av lost interest in dis ancient and yet very lucrative industry which well, significant to our every day lives. No thanks to dishonest, distrustful and bad inhuman animals calling themselves 'drivers'. Words are not enough to qualify and quantify how they have succeeded in running pple's investments and efforts down over the years thereby making potential investors and other entrants seeking opportunities in this industry to always see the negative sides and wouldn't want to trust no one.

I still use this opportunity though 2 appeal to any interested individual out there to come to my aid. I av expressed my interest, zeal and passion 4 dis industry but I have not been successful. I do appreciate all who has reached out so far with advices and inquiries. Pls help a brother still.
Re: Pls I Need A Mini-bus For Hire Purchase by funso77(m): 11:50am On Jun 12, 2017
A warm goodafternoon to all Nairalanders. Well been a while but my silence on this topic over a year now doesn't mean I gave up though it has been challenging. Tough times build tough people they say.

Still reaching out to any interested individual/corporation o investors out there, certainly transportation as a business is still weathering the storm and pulling through in this economic change in Nigeria. My interests are still very much keen an please do reachout at any opportunities I can explore.

Am willing to work as well if need be for any interested individual corporate or private investor aside the hire purchase term and all negotiations and arrangements will be worked out. Please help a brother
Re: Pls I Need A Mini-bus For Hire Purchase by Cherzoxf: 3:36am On Aug 13, 2017
Contact me
Re: Pls I Need A Mini-bus For Hire Purchase by abolajidammy: 1:04am On Dec 29, 2017
please anyone who has a Susuki Mini Bus for hire purchase should please call me on 08066594912
I just finished serving the country but idle at the moment, I just want to start something... please help a brother in need
Re: Pls I Need A Mini-bus For Hire Purchase by ylekson: 12:31am On Nov 22, 2018
MPVGoddess:



Dear brother,

Did you say greed? What of the banks, oil companies, the likes of beverage makers, alcoholic drinks, the telecoms firms and co? do they do the x1.5 or x2.0 model? what of the latest craze in town Uber? Care to know how many hundreds and thousands of times, they make the money they invested?

There is a certain refrain in business - nothing ventured, nothing gained. There is yet another refrain: the greater the risk, the greater the return. The vehicle owner risks more than the driver, and so the reward should be skewed in his favour, not the other way round.

This is not an emotional argument but a rational argument.

My research yielded the following information:
- the hire purchase model in which an investor gains x1.5 or x2.0 his investment in 1 or 2 years
- the fuel money model in which the driver is given 18,000.00 per trip
- the weekly return model in which the vehicle owner is given 30,000.00 per week
- the per round trip model in which the vehicle owner is given 25,000.00 per trip
- the uber model in which the driver earns a percentage and Uber earns 20% to 25%

In most of the above models except the uber model, the driver sees much more cash than the one who owns the vehicle. That if you know business is not business. Given the level of investment of both the driver and the vehicle owner.

There is a missing link here, often the agreements are oral, also if there is an accident the drivers bears no risk, the vehicle owner does. So handing over a vehicle to a driver is more often than not, bankrolling the driver and creating losses for the vehicle owner. And the driver often cannot enforce the agreement against the company, it is his word against theirs. That is not our model. Everything is documented. the agreement, everything. because everything is recorded, we can measure, and we can take action immediately before we are messed up.

Who bears more risk? the driver? or the one who owns the vehicle and in whose name the vehicle is registered and should something untoward happen, he will be liable.

The answer is clear.

There is another issue, if I invest, I should dictate the terms of return I am comfortable with. Either you work with me or I find someone who will.

With me, my vehicles are comprehensively insured. The driver is also insured. I also pay for a Health maintenance plan for the driver, so should he fall sick up to a certain amount, he does not pay from his pocket, and up to a certain amount the company will match any amount the driver has to pay. But I want to be in control of the driver and the vehicle and not the driver in control of me and my vehicle. So among other things, no repairs without authorization, no repairs at unauthorized places, no damages to the vehicle or other people's property and if there is damage then the driver must split costs. So even when he earns, I hold on to a portion of his earning, and release it to him at the end of a set period of accident-free driving and in which no parts failed which can be attributable to human error and this is in the agreement.

I do long term. Each vehicle will be run for 5 years. at the end of the 5 years, it can be written off and sold as scrap, that is my model not one year or two years, it does not make sense to a business properly run with overheads to do the one or two years thing. But given all that is thrown into the bargain, my driver has a better deal than the driver in those other models above.

He also agrees in writing that if he messes up, he losses each of those benefits.

of course if he scared, he should have his own lawyer come to the negotiating and agreement signing stage, because I am beginning to think one of the witnesses for our drivers must be a lawyer, and he too must sign an attestation that he personally read and explained the contents of the agreement to the driver, and that the driver admitted he understand the obligations and liabilities, however, beyond that the lawyer who witnessed has not obligations in the occasion of a default by the driver except that his attestation will be used against the driver, if we have to enforce the terms of the agreement against the driver.

But we document the agreement capturing each and every single possible scenario that drivers have used to cheat owners, and also ensuring that the driver gets a fair bargain if he treats the vehicle well.

I don't mind handing over the vehicle to the driver for 500,000 at the end of 5 years provided he has made me met my projections. Certainly not over 2 years, God forbid. What of my overheads, taxes, and most importantly, a healthy profit margin? Am no father christmas, man!

Just get this right, no one ever pays your 100,000.00 as salary because you made 100,000.00. Usually you make 1,000,000.00 and get paid 100,000.00 as salary, that is business for you. If you don't like it, then find your own money and don't work for anyone.

You think both ways, what if i were the driver, and what if i were the owner, and what if i ran a business, then you will appreciate the above.

If you ask all those with sour stories from dealing with drivers, then you will agree that we have most certainly not gone overboard
I need a space bus for transportation and pay in installments payment of #20000 - #25000 per month
09035254036

Re: Pls I Need A Mini-bus For Hire Purchase by kcsage: 2:48am On Jun 04, 2019
Please I need a Suzuki mini bus(automatic preferred) for hire purchase in Enugu.
Anyone who can help should kindly contact me on 08094741239.

We can talk out/ negotiate the price and terms, which I will drive the bus myself.

I am sincere and ready for business.

Currently am out of paid employment and instead of staying unemployed, have decided to go into the mini bus transport services if given the opportunity.

I hope to find a helper soon.


Thanks.
Re: Pls I Need A Mini-bus For Hire Purchase by perky9358: 12:40pm On Mar 26, 2021
Suzuki Every Mini bus, hired purchase.
Drive: manual - belt
Engine: 3 plug
Price: 2.2 million in 12 months.
10% deposit fee.
WhatsApp: 08037640922

Must be married, and living around Ajah laokwe axis preferably.

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