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 
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Car Talk / Re: Pls I Need A Mini-bus For Hire Purchase by ylekson: 12:31am On Nov 22, 2018