₦airaland Forum

kbms:
HP

You may want to consider this car for a higher purchase arrangement.

It is a BMW, 1.8L engine, 4cylinder, e46.
HP price is 900,000. 50% deposit, 50% balance will be spread over a period of time.

That is, 450,000 deposit!

Car already passed uber and taxify inspection test.

Come and check the car out.

Call 08037904605 or 08028249290 for details.

See the car here....

https://www.nairaland.com/4694203/2000-bmw-318i-4cylinder-e46


Regards!

Enyinne:
oga cooldood ,pls run from whom ever is this monsour1 . I don talk my own

Chuwaa:
When they say business Don cast, e Don cast true true. What is the gain in buying a 2.1m corolla at 30k per week.
Let's do some maths.
Assuming all things being equal, no maintenance from owner, no stories from driver, no lastma wahala etc.
1 year 30k*52= 1.56m
2 years 3.12m
A gain of N1m in 2 years. .....all things being equal

Gentlelife50:
Maybe he was trying to say the person must do 40 trips per week.

Chuwaa:
When they say business Don cast, e Don cast true true. What is the gain in buying a 2.1m corolla at 30k per week.
Let's do some maths.
Assuming all things being equal, no maintenance from owner, no stories from driver, no lastma wahala etc.
1 year 30k*52= 1.56m
2 years 3.12m
A gain of N1m in 2 years .....all things being equal

Angelawhite:
Nope. He is 3.12m richer because his car is still intact

Seun360:
Baba, we don taya for your matter, it's nobody's fault that your vehicles are no longer on the road.

Biko, allow us rest for here and let's see useful posts.

Seun360:
Baba, we don taya for your matter, it's nobody's fault that your vehicles are no longer on the road.

Biko, allow us rest for here and let's see useful posts.

vena92:
Depreciation nko?

eherbal post=70833675 I wasn't referring to you :
bro. read very well

MoonlightDrive:
What of 5w-20. Urgently needed. Thanks

vena92:
Depreciation nko?

Chuwaa:
When they say business Don cast, e Don cast true true. What is the gain in buying a 2.1m corolla at 30k per week.
Let's do some maths.
Assuming all things being equal, no maintenance from owner, no stories from driver, no lastma wahala etc.
1 year 30k*52= 1.56m
2 years 3.12m
A gain of N1m in 2 years .....all things being equal

GAZZUZZ:
Matthew 5:25

GAZZUZZ:
Error513

thebigkendo:
Keep your 2.1m in the bank for 2 years.. Either fixed deposit or treasury bill. How much returns you go get?

Gentlelife50:
Na waoo for taxifire and their ratings, from 4.95 to 4.78 under three morning trips. Not like we quarreled or anything.
Na waoo too these girls, I have noticed that most times we have problems in this jobs it must be Ladies.
I had to call the last one and asked her what my offense was, as we were talking she said that it wasn't her that rated me that it's her friend.
She even apologized.
Hmmmmm, I don't understand you ordered for a ride with your phone and another person had to rate me.

Gentlelife50:
Na waoo for taxifire and their ratings, from 4.95 to 4.78 under three morning trips. Not like we quarreled or anything.
Na waoo too these girls, I have noticed that most times we have problems in this jobs it must be Ladies.
I had to call the last one and asked her what my offense was, as we were talking she said that it wasn't her that rated me that it's her friend.
She even apologized.
Hmmmmm, I don't understand you ordered for a ride with your phone and another person had to rate me.

GAZZUZZ:
E-hailing business is Presently Unpredictable. As an investor, you cannot forecast with accuracy. There are too many things that could go wrong.

machine failure: Could be as a result of bad roads, human error, negligence, etc. this could set you back days, or weeks depending on the type of vehicle.
newer low mileage vehicles are often more reliable than older vehicles. A sound Drivetrain, suspension and air-conditioning are essential. Some Toks cars come with rust, some come with sludge in the engine, not every vehicle termed Toks has a good vehicle maintenence history.
In the cooler months like now, a driver can work without air-conditioning in the early hours on the morning and at night or even when it rains, but not possible in hot months driver will be axed after a few trips.
Dead cars (term used to describe a Nigerian used car with numerous problems) usually have more down time due to failure, It is best to do preventive maintenance accross all major sections of a vehicle before it is placed on Ehailing especially if it is a dead car. Eventually Every car will become a dead car on Ehailing.

Wrong type of machine: It might sound funny, but there are certain vehicles that are not suitable for the Job right from the onset, and will continue to have a lot of down time irrespective of how much you put into them. E.G peugeot 407, Nissan Primera (argue with your keybaord) There are also the Vehicles with 2.4liter engines, 3.0liter V6 and the BMW's with the 1.8liter engines, investors with such will always be jumping from 1 driver to the other.

Accidents: This could happen to any driver. one of my very good ex driver once messaged me that a door flew off a moving bus and missed him by a few inches, it got the bumper, but very mild damage. Another Owner driver on this platform has receiver a total of over N980,000 accumulated over a period of 6months From insurance due to accidents (Bad market for insurance). Depending on the gravity of the accident, and the type of insurance company you deal with, this could set you back days, weeks or months.

Fuel Scarcity: There was a time most drivers had to park their vehicles due to shortage of fuel.

Driver Failure to remit: This one is very complex. Drivers are human, and if you have ever sat behind a wheel and driver 12hrs straight only to make 13k (before fueling) you will understand the frustration in Ehailing. there are bad days and there are terrific days. There are hardworking drivers and there are lazy drivers, there are smart drivers and there are dull drivers. I will advice vehicle owners to give drivers a 1 week break every 8weeks to ensure efficiency. Since I am talking from the standpoint of an investor, I will stop here.

E-hailing policy changes: The battle for price supremacy between the major players in the game Uber/taxify has lowered weekly earnings accross board. 6-12 months ago it hovered around 35-40k weekly, presently it stands at 25-32k weekly. I honestly do not know how uber makes a profit, I get a 50per bonus every week on my user app.

Lack Of drivers: Vehicle down time as a result of loosing driver keeps investment on hold until a suitable driver can be found. Some investors like my self will rather keep vehicle for 2months doing nothing unless a driver with good records is found. A good driver could also have personal health issues, and a good partner would have to wait for a reasonable time frame for him to get better.

Vehicle theft: corrolla Gang! That one even insurance will have to conduct a serious investigation to ensure there was no fowl play in the matter, it usually takes a while, but long term after a few months you might get guaranteed insured sum less necessary deductions. you might also find the car relaxing in ibadan, or kaduna after a few weeks. trackers can help secure your corrolla too, but with the way technology is moving, a tracker can be disabled without even touching it.


For now these are a few circumstances I can remember that make E-hailing unpredictable for an investor.

I see a lot of you calculating rental X 52 weeks.... Trust me it's more like rental X 30-35weeks the other weeks will sadly be consumed by one uncertainty or the other.

the original design for Ehailing was for vehicle owners to use in their spare time to make extra cash, what we have done in naija is to create an industry out of E-hailing, all young unemployed yuuts and underpaid Gradutes have turned Uber to the next best thing. In the beginning 2014/15/16/17 it was very profitable earnings of 50k per week (investor) was feasible with very little stress on vehicle and driver.

presently it takes a lot of out of the Box thinking (placing yellow taxi tag on top vehicle, and calling previous regular riders for offline) for drivers to make their 30k rental after fueling and still have 30k in their pockets.

there is a steady decline in earnings, and a steady surge of new vehicles and drivers coming into the market every day.

One thing about business and Nigerians is as long as we hear this particular business de move, we all jump into it. I made such a mistake too, I was buying 1 vehicle every month and some times 2 to place on Ehailing, I converted company courtesy cars to Ehailing. With time I learned the Hard way.

Ehailing Has come to stay, But with time it will be run Majorly By Vehicle Owners, and a few investors who have studied the market and provide out of the Box solutions (e.g electric/hybrid vehicles) I see a future where drivers will be on a shift/salary structure for a large entity that will own and manage it's own vehicles, Drivers will not have to search for riders, but be online for a certain number of hours in certain locations, pick and drop off riders without handling any cash, at the end of shift, take vehicle back to a designated parking lot and go home while another driver in waiting picks up same vehicle for his own shift.

I have sold a lot of my vehicles in the past weeks, and left with only 2 Vehicles now. They are really struggling too as tuesday payment has turned to Fri some times I write off their debts to ensure they don't loose hope.

Now a solution would be to further review rental, but if you look at the cost of maintaining a vehicle properly it would not be wise.

From an investors point of view Ehailing is currently a sinking ship.

The market is evolving, the market will regulate it's self, the winners in this Game are the riders, there will always be a willing driver who has not seen a good trip all day to take them to apapa, festac, agbaya, ikorodu, akute and all the Ehailing forbidden regions




Kindly do not quote the entire post.

GAZZUZZ:



Driver Failure to remit: This one is very complex. Drivers are human, and if you have ever sat behind a wheel and driver 12hrs straight only to make 13k (before fueling) you will understand the frustration in Ehailing.

brogxy:
Only long trips can get you good money especially on Uber. It's so depressing working for several hours and not getting something worthy.

I know, I wear the shoes once in a while

GAZZUZZ:
E-hailing business is Presently Unpredictable. As an investor, you cannot forecast with accuracy. There are too many things that could go wrong.

machine failure: Could be as a result of bad roads, human error, negligence, etc. this could set you back days, or weeks depending on the type of vehicle.
newer low mileage vehicles are often more reliable than older vehicles. A sound Drivetrain, suspension and air-conditioning are essential. Some Toks cars come with rust, some come with sludge in the engine, not every vehicle termed Toks has a good vehicle maintenence history.
In the cooler months like now, a driver can work without air-conditioning in the early hours on the morning and at night or even when it rains, but not possible in hot months driver will be axed after a few trips.
Dead cars (term used to describe a Nigerian used car with numerous problems) usually have more down time due to failure, It is best to do preventive maintenance accross all major sections of a vehicle before it is placed on Ehailing especially if it is a dead car. Eventually Every car will become a dead car on Ehailing.

Wrong type of machine: It might sound funny, but there are certain vehicles that are not suitable for the Job right from the onset, and will continue to have a lot of down time irrespective of how much you put into them. E.G peugeot 407, Nissan Primera (argue with your keybaord) There are also the Vehicles with 2.4liter engines, 3.0liter V6 and the BMW's with the 1.8liter engines, investors with such will always be jumping from 1 driver to the other.

Accidents: This could happen to any driver. one of my very good ex driver once messaged me that a door flew off a moving bus and missed him by a few inches, it got the bumper, but very mild damage. Another Owner driver on this platform has receiver a total of over N980,000 accumulated over a period of 6months From insurance due to accidents (Bad market for insurance). Depending on the gravity of the accident, and the type of insurance company you deal with, this could set you back days, weeks or months.

Fuel Scarcity: There was a time most drivers had to park their vehicles due to shortage of fuel.

Driver Failure to remit: This one is very complex. Drivers are human, and if you have ever sat behind a wheel and driver 12hrs straight only to make 13k (before fueling) you will understand the frustration in Ehailing. there are bad days and there are terrific days. There are hardworking drivers and there are lazy drivers, there are smart drivers and there are dull drivers. I will advice vehicle owners to give drivers a 1 week break every 8weeks to ensure efficiency. Since I am talking from the standpoint of an investor, I will stop here.

E-hailing policy changes: The battle for price supremacy between the major players in the game Uber/taxify has lowered weekly earnings accross board. 6-12 months ago it hovered around 35-40k weekly, presently it stands at 25-32k weekly. I honestly do not know how uber makes a profit, I get a 50per bonus every week on my user app.

Lack Of drivers: Vehicle down time as a result of loosing driver keeps investment on hold until a suitable driver can be found. Some investors like my self will rather keep vehicle for 2months doing nothing unless a driver with good records is found. A good driver could also have personal health issues, and a good partner would have to wait for a reasonable time frame for him to get better.

Vehicle theft: corrolla Gang! That one even insurance will have to conduct a serious investigation to ensure there was no fowl play in the matter, it usually takes a while, but long term after a few months you might get guaranteed insured sum less necessary deductions. you might also find the car relaxing in ibadan, or kaduna after a few weeks. trackers can help secure your corrolla too, but with the way technology is moving, a tracker can be disabled without even touching it.


For now these are a few circumstances I can remember that make E-hailing unpredictable for an investor.

I see a lot of you calculating rental X 52 weeks.... Trust me it's more like rental X 30-35weeks the other weeks will sadly be consumed by one uncertainty or the other.

the original design for Ehailing was for vehicle owners to use in their spare time to make extra cash, what we have done in naija is to create an industry out of E-hailing, all young unemployed yuuts and underpaid Gradutes have turned Uber to the next best thing. In the beginning 2014/15/16/17 it was very profitable earnings of 50k per week (investor) was feasible with very little stress on vehicle and driver.

presently it takes a lot of out of the Box thinking (placing yellow taxi tag on top vehicle, and calling previous regular riders for offline) for drivers to make their 30k rental after fueling and still have 30k in their pockets.

there is a steady decline in earnings, and a steady surge of new vehicles and drivers coming into the market every day.

One thing about business and Nigerians is as long as we hear this particular business de move, we all jump into it. I made such a mistake too, I was buying 1 vehicle every month and some times 2 to place on Ehailing, I converted company courtesy cars to Ehailing. With time I learned the Hard way.

Ehailing Has come to stay, But with time it will be run Majorly By Vehicle Owners, and a few investors who have studied the market and provide out of the Box solutions (e.g electric/hybrid vehicles) I see a future where drivers will be on a shift/salary structure for a large entity that will own and manage it's own vehicles, Drivers will not have to search for riders, but be online for a certain number of hours in certain locations, pick and drop off riders without handling any cash, at the end of shift, take vehicle back to a designated parking lot and go home while another driver in waiting picks up same vehicle for his own shift.

I have sold a lot of my vehicles in the past weeks, and left with only 2 Vehicles now. They are really struggling too as tuesday payment has turned to Fri some times I write off their debts to ensure they don't loose hope.

Now a solution would be to further review rental, but if you look at the cost of maintaining a vehicle properly it would not be wise.

From an investors point of view Ehailing is currently a sinking ship.

The market is evolving, the market will regulate it's self, the winners in this Game are the riders, there will always be a willing driver who has not seen a good trip all day to take them to apapa, festac, agbaya, ikorodu, akute and all the Ehailing forbidden regions




Kindly do not quote the entire post.

GAZZUZZ:

the original design for Ehailing was for vehicle owners to use in their spare time to make extra cash, what we have done in naija is to create an industry out of E-hailing, all young unemployed yuuts and underpaid

yemko:
Hi,
I am a partner with Uber. I can say it is lucrative if:

You can drive it yourself!!!! thats the best option if you are not currently employed or..
You have an honest driver (they could easily go off line and use your car as cabu cabu or not buy the amount of fuel that would be needed per day), like am not trusting my driver right now..
You have a car that has good fuel efficiency like the toyota (but it is not limited to toyota, i use a ford escape)
You your driver would be hardworking because you work early morning and late to make money, during the day can be dry sometimes.
Your driver is willing to driver weekend at certain time like sunday, the rates are higher.

I dont think the car has to be black though..