Having made half payment of the agreed price, the buyer can return the car without making any more payments, if he/she is no longer interested in the hire purchase. But if your asking who is best then only Koncept Autocentre is the Authorized vehicle assembler & distributor of Chevrolet & Isuzu brands in Federal Republic of Nigeria. 9 C & I Leasing 2, C & I Leasing Drive Off Bisola Duronsinmi Etti Drive Off Admiralty Way, Lekki Phase 1, Lagos State, Nigeria Being the owner of the car, the seller issues a payment plan, and deliberates on it with the buyer. The Stanbic IBTC Bank offers finance solutions to both individuals and enterprises in Nigeria. Providing SUVs and Superior Service for Less Unity Global Ventures car rental car hire service in Lagos, Nigeria guarantees that you will be chauffeured in a comfortable air-conditioned SUV/Jeep and Buses for an affordable price starting at N11,500 a day (without fuel). The buyer has the liberty to work with the bus on their own terms as long as he/she keeps to the agreement, and the seller doesn’t have to worry about the cost of operation or damages. HILANDER, SIENNA, CAMRY, HILUX, COROLLA etc. Well there are to many car dealers in Lagos , Nigerai. Vehicle hire services offers everything you would like from a luxury car company in Lagos Nigeria. Company List Nigeria Hire Purchase. Gaskins Car Hire Services Poatson Compound, 254 Agege Motor Road, Lagos., Ikeja, Lagos Gaskins Car Hire Services is a subsidiary of G.O Gaskins Nigeria Ltd. We have been in operation for over a decade, this accounts for our experience and penchant for excellent service. We found 5 companies. The following companies did not match exactly but may also be of interest to you. While another agreement stating #50,000 for the same 7month on the same motorcycle. Search Search. Keke Napep prices in Nigeria 2020, how much profit you can earn & easy business models, Reasons why your car vibrates when you apply the reverse gear. Mamet trading, a wholly ghanaian registered company located at Tema Comm 20, Abbatiore road that trades in consumer electronics on hire purchase. The buyer isn’t required to pay the total price for the car at once, but he/she must make a deposit. Even when you don’t have a lump sum to pay for a car, it’s made available to you. Top Lagos Equipment Hire: See reviews and photos of equipment hire in Lagos, Portugal on Tripadvisor. 2 Alhaji Salisu Street Off Adebambo Street Obanikoro Ikorodu Road... 2/24 Babar Road Block - B Mohammadpur Dhaka - 1207 . 0705 593 1081. The former is the registered owner while the latter remains the legal owner as long as the transaction is incomplete. Car hire purchase in Nigeria saves you the trouble. First and foremost get a lawyer to draft an agreement for you stating all agreed terms and conditions to be also signed by a witness.Very Important ! The company has its branches spread over Nigeria, from Port Harcourt to Benin with different contacts, so we put here the contacts of its Head Office in Victoria Island. The lender makes a commitment to acquire the car on your behalf, afterwards, hires it to you for an agreed period of time. They are specialist in providing electronic and electrical equipment leasing. Such rights can be exercised according to the provision of the contract signed. Among these properties are houses, lands, shops, apartments, flats and commercial spaces in Lagos. Our buses maintenance and safety check is very thorough and … Company List. This includes our fantastic range of luxury vehicles such as: Prado jeep, G-WAGON, RANGE ROVER. Car Rental Companies in Lagos, Nigeria. This kind of business is very popular in Africa most especially Nigeria. Map. Make sure you know what to include in the car hire purchase contract! No 7 James Robertson Street Off Alhaji Masha road Surulere, Lagos Nigeria, Copyright © 2020 Naijauto.com - All rights reserved. Every hire purchase contract must include the amount of money to be paid for the property. When coming to Diamond Bank for an instalment payment, you will know exactly how much you have to pay with clear-cut terms and interest rates. What do D1, D2 and D3 mean in automatic cars? For many, renting a car is as much a part of a holiday as booking the flights and the hotel. Check Out our Air-Conditioned, Dependable, Chauffeur-Driven Car Rental / Car Hire Services in Nigeria (Lagos, Ibadan, Ogun State, Osun State, Oyo State & Beyond) with Airport Pickup & Drop-Off Service. Rent a car at Lagos with unlimited Mileage and 24 h Travelling Assistance. Select from a range of car options and local specials 24 Bisola Durosimi Etti Drive, Lekki phase 1, Lagos. There is no ‘Option to Purchase’ fee payable, like there is with a hire purchase, so you’ll automatically become the vehicle owner once you’ve made all your repayments to your lender. You don’t have to go through the hassle of jumping buses. With a high population consisting of people who aren’t mobile, there’s a market for transportation. The latter seeks to regulate the agreement between the hire purchase company and the motor vehicle purchases. Viewing 15 posts - … People who had low credit and couldn’t afford certain expenses were given the opportunity to acquire the items instead of forfeiting them. With hire purchase, the company or entrepreneur does not need to do any physical labor to generate money from the asset. Hire purchase is governed by Hire Purchase Act in 1972. Example, hire purchase of motorcycle stating #30,000 per month for 7month, this agreement comprises of company letter headed paper including company registration number. We have a total of 24,200 Property & Houses for rent in Lagos updated on 27 Dec 2020 . Car Hire at Faro Airport Algarve. Each item or clause of the contract must be spelt out. What are the SUV vs Crossover differences: which is better for you? So, what do you do if you don’t have a lump sum to buy a car of your own? With a little skill of searching for information on the Internet, you can easily find names and addresses of hire purchase companies in Nigeria. This shows their commitment to acquire the car. 7 car hire ripoffs to avoid. Smoke coming from the oil filler cap – Why and how to fix it? Commercial drivers acquire buses from their owners after paying a deposit, and make the remaining payment in instalments as they work. Our Cars. Dealers in Second hand japanese Cars. The company was incorporated in 2012 and has rapidly grown over the years to become one of the foremost equipment leasing firms in … Choose from best people and companies in Nigeria! They promise a flexible payment contract of up to 4-year instalment. Top on the list, is the right to pull out of the contract for valid reasons. 4.2. Asset Financing, BuyNow PayLater, Instant Loan, Online store Other than merely existing on paper, no official action seems to exist outside of the hire purchase act of 1965 and the hire purchase amendment act 1970. A hire purchase bus contract is mutually beneficial to both parties. Hire Purchase companies near Lagos, Nigeria covering Automobiles, Other Security & Protection Products, Other Service Equipment, Other Electrical Equipment, and more. His works have been published in top local and international publications including Forbes, HuffPost, ThriveGlobal, TheNextScoop and Nigeria360 among others. With us, our drivers are a cut above the rest when it comes to safety, honesty, dependability and impeccable customer care. Naijauto has some suggestions here. Hire Purchase companies in Nigeria ... Nacog Technology and Investment Limited Info Email Phone Niger Street Parkview Estate Ikoyi- Lagos- … However, before you come to these services, make sure you have researched thoroughly about installment plans or anything related to save time and effort while working with them. Hire Purchases. Terms and conditions of the agreement are created by the issuing party or broker. In recent weeks, we have seen the significant economic impact of the coronavirus on various industries such as: manufacturing, tourism, hospitality and travel. Vehicle registration in Nigeria – what are the required documents? With car hire purchase in Nigeria, you can make it a reality. As a buyer, it’s important to note that the seller has the right to repossess the car if you are unable to make payment as agreed in the contract. You can also get access to their massive dealer network to find your ideal car. A hire purchase agreement is a legal document which includes clauses stating … Like every legally recognized contract, both parties in the hire purchase have rights. Car hire purchase in Rivers State. In this context, the total car price is clearly stated. >>> Be a wise car buyer with our buying tips shared by industry experts and insiders! The buyer must be willing to abide by their conditions to be eligible. The long wait at the bus stop and inconvenience on the bus are reducing your productivity. Bus360ng is one of Nigeria’s fastest-growing bus hiring Companies. Read more about 7 car hire ripoffs to avoid between 1960 and 1965, there were a number of hire purchase companies that specialized in financing consumer goods purchases. Interest rate is a major factor to consider in a hire purchase transaction. Keep walking or jumping buses? We have been able to bridge the gap between bus owners and Lagosians in need of buses for all occasions and events. If you are from 28 to 45 years old, then you are eligible for this company financing program. About this BUS Commercial hire purchase (CHP) enables you to acquire a car by making monthly installment payments while you make use of the car for the purpose intended. Such a loan given to customers is the commercial hire purchase also known as corporate hire purchase. Get all the information you need in this post, from hire purchase contract to list of car financing companies in Nigeria! Hire purchase is guided by a formal contract signed by both parties – the seller and the buyer. Mamet Investment and Trading Limited. The simple and transparent prices! Putting buses on hire purchase is a thriving transportation business in Nigeria. The document must be in writing and signed by both of them before it can be considered valid under the law. Some information included in the hire purchase contract include: The seller and buyer may be aware of the property in question, but it has to be well described for clarity. of high class model. Bus360ng is Nigeria's leading bus hiring company, we can get you a bus for your event at an affordable rate. More info. Conditional sale is similar to hire purchase but you’ll own the car at the end of a conditional sale agreement. Individuals and institutions make buses available to drivers for operations. Please,I have a keke I bought in a Keke company in Gwarinmpa Abuja and they run it for me as a hire purchase with remittance of n15,000 monthly for 16 months.W E HAVE DONE 7MONTHS and from Dec, the keke coy started misbehaving, they have paid 10,000 twice,skipped once, yet to pay another one today.So they have breached my contract with them.What do I do urgently because I need my Keke … Address: beside Baptist church, Choba Emohua, Rivers State >>> You might be interested in: Car hire purchase in Nigeria is an opportunity for you to own your own car via installment payments when you don’t have a lump sum to pay for it outrightly. How can I get a mini-bus for hire purchase in Lagos, Nigeria? Hire purchase is a form of car finance that can be used to buy a new or used card. Commercial bus driving is a common business in Nigeria. ... We are a reputable company that offers you the chance to purchase your brand new cars on lease. Home › Forums › Cities › Lagos › How can I Hire Uber driver in lagos This topic has 32 replies, 2 voices, and was last updated 10 months, 3 weeks ago by omotola . Address: 72 Otunba Adetoro Drive, Off Lekki Beach, Lekki, Lagos. The installment plan is mutually agreed upon and stated in the contract. Also, you must have a Class-D license and 5-year driving experience. Address: 180B Moshood Olugbani street, off Ligali Ayorinde street, Crediville Limited provides financial scheme for hire purchase customers. Abbatiore road Comm 20 industrial area, tema, Tema. Reply. This means you must get 30% payment ready in your hand before visiting this bank. Every Real Estate in Nigeria posted on this site is verified by real estate agents in Lagos. Particularly, search engines can also filter the list based on your location. Well, your question could mean one of two things: 1. However, the rates are better for new cars. Called installment plan in places like India, hire purchase is simply a process whereby you purchase a car with the option of paying in installments over a stipulated period of time. Find in our directory the list of companies by tag Hire Purchase in Ghana. Hire Purchase Company; Contact: 08036656340 or 08067807234. When you rent a car here, Lagos will become so much easier to get around so be sure to visit the Black Heritage Museum and Freedom Park Lagos for a journey into the past. If you are going for used cars for sale, you need to be very careful about the interest rate because there might be hidden problems in the car that will incur expenses. Competitive rental rates. Address: 256, Zone AO, off Herbert Macaulay Way, behind Unity Bank building, Central Business district, Abuja FCT, Abuja gathers a lot of car hire purchase services, Address: Plot 215 Ademola Adetokunbo Cres, Wuse II, Abuja, Address: Nnamdi Azikiwe International Airport, Abuja, Address: Rockview Hotel, Plot 789, Adetokunbo Ademola Crescent, Wuse II, Abuja, FCT, Address: 1 Aguiyi Ironsi St, Maitama 900271, Abuja, Nigeria, Address: LTD Plot 388, Constitution Avenue, Central Business District 002349, Abuja, Address: No 6 Bolton street Suncity Estate, Abuja, Nigeria, Address: Suite 17, 4th Floor, Metro Plaza, Zakariya Maimalari Street, Central Business District, Abuja, FCT, Address: 72 Otunba Adetoro Drive, Off Lekki Beach, Lekki, Lagos, Address: beside Baptist church, Choba Emohua, Rivers State. 6 talking about this. Website: http://www.stanbicibtc.com/Nigeria/Individual/Borrowing/Car-Loans. In case you don’t have enough time, refer to the following companies suggested by our readers. We are a fast growing bus rental and car hire company based in Lagos, Nigeria. 3 Shubhlaxmi Shopping Centre Rani Sati Marg Malad (E) Mumbai 400097.... 32 Ang Mo Kio Industrial Park 2 Sing Industrial Complex 569510, Entire Car Hire Snowhill Copthorne West Sussex England Rh10 3eq, Crystal Marquee Hire Bramble Farm Shere Road. Anything that isn’t contained in the document, isn’t part of the contract. Owning your own car doesn’t have to be a dream for so long. Leading an active life requires mobility. Depending on the agreement reached, the drivers remit certain amounts to the owners. Interest rates for hire purchase differ based on the car type and loan issuer. A member of the Nigerian Institute of Public Relations (NIPR), the thrill he gets from writing about exotic cars feels almost the same as riding in them. The agreement must fulfil legal requirements of the Indian Contract Act 1972 and the Sale of Goods Act 1930, as the case may be. Keyword must be between 2 and 100 characters, 7 cheap fast accelerating cars in Nigeria you can buy right now. Interest rate for the payment is also stated in the instalment plan. Chris Odogwu is a Content Writer and Journalist. He holds a bachelor's degree in Mass Communication from University of Jos and a master's degree in Mass Communication from University of Lagos. List of Best Car Rental Companies in Lagos, Nigeria, Top Car Rental Companies in Lagos, Nigeria, Car Rental Companies Near Me, Best Car Rental Companies. I am a cars sales man for car dealers in Lagos. Write a Review. As long as they could pay a deposit, they’d sign a contract that allowed them to take the item and pay for it monthly. Hire Purchase companies in Nigeria including Lagos, and more. Find the best offers! Lagos state vehicle registration & plate number verification, Tips on reliable dealerships in Nigeria to buy cars from. Car rental in Lagos with Sixt. The buyer doesn’t have full ownership of the car until he/she makes full payment. If you have a regular job or run a business, you can’t shy away from moving around. Look out for the right deal, and grab it while you can. Either you want to purchase a bus and lease it out on hire purchase; 2. or you wish to be the leasee and drive the bus yourself. The terms are clearly stated in order to protect their individual interests. It’s explained to erase any doubts or assumptions by either party, and for the information of third parties. Our bus hiring service is appropriate for small and big companies looking for staff bus for retainer service or pay per use scenarios. You can ask for N1 million up to N20 million to pay for maximum 70% of your brand new car. No transaction would qualify as a hire-purchase transaction unless it complies with the definition. Please do you know of any reputable car hire purchase company in lagos,am interested in buying a car and putting it up for UBER ,I would appreciate your response on this . Designed by Naijauto team. Car hire purchase in Lagos. Are you looking for reliable places for car financing in Nigeria? Jiji.ng 246 Hire / Rent Car ready for offer they help! Avoid being taken for a ride by your car rental company with this comprehensive list of rip-offs. Hire purchase loans can be obtained from designated or specialized financial institutions in Nigeria. But technically, you can’t lay 100% claim to it until you pay the total price. Rentall is Nigeria’s first and largest multi-vendor rental platform that connects people … Based in Lagos, Nigeria, Woodbridge is one of the top leasing companies in the country. Toyota Avalon price in Nigeria & review on its most sought-after model year (2020 updated), (2020) Latest update on Toyota Camry 2007 price in Nigeria, Prices of Toyota HiAce Hummer bus in Nigeria (Update in 2020), Toyota Corolla 2013 price in Nigeria & buying review (Updated 2020), Nissan Altima 2007 review in Nigeria: Price, Maintenance & Everything, Review of Honda CR-V 2008 model in Nigeria: A well-styled car with smooth driving, Review of Honda CR-V 2010 model in Nigeria: a practical and well-equiped SUV, Toyota Corolla 2003 model: Price in Nigeria, pictures, sport version, problems & more (Update in 2020), Why the Lexus GS 2008 and other same-gen models are the best GS, 23 people killed as Lagos-bound truck somersaults in Niger, Top 25 richest singers in Nigeria and their cars, See the moment Ford Fiesta fled after crashing into a Lamborghini Aventador SV. You normally pay an upfront deposit, followed by monthly instalments until the amount you owe has been repaid. Due to the expensive prices of cars, hire purchase has become a common practice across the world. When your car arrives, feel free to visit Naijauto.com for all information about car maintenance and safe driving. Though we can list out their contacts here, we do not ensure their service quality, so you had better visit their offices directly. ... Hello, am really interested in the hire purchase program,am interested in having a bus for transportation which I will ise my self. The history of this closed-end leasing (a.k.a) rent to own dates back to the 19th century in the UK. Section 20(1) of the Hire-Purchase Act defines hire-purchase as “the bailment of goods in pursuance of an agreement under which the bailee may buy the goods or under which the property in the goods will or may pass to the bailee.” This definition of hire-purchase is strict. Interview with female car dealer in Lagos: How to survive among men, buying tips shared by industry experts and insiders, http://www.stanbicibtc.com/Nigeria/Individual/Borrowing/Car-Loans. Hire purchase and conditional sale. Naijauto.com brings you all you need to know about getting a car of your own via hire purchase. Mr Peter August 25, 2017. i have a 2010 toyota for hire purchase call me on this number if interested 09090142137. Apply for Contract-to-hire jobs in Lagos, Lagos State • Explore 7.500+ new and current Job vacancies • Competitive salary • Full-time, Temporary, and Part-time Jobs • Fast & Free • Top employers in Lagos, Lagos State • Contract-to-hire jobs is easy to find • Start your new career right now! You essentially HIRE the car over the contract period, with the option to PURCHASE it at the end. 1 Rentall. Amount to be deposited is clearly written in the hire purchase contract. A hire purchase business is typically a kind of loan business used to purchase large item usually a car or motorcycle. Alcredo Car Rentals is a car rental company offering car rents, fleet services for luxury, events and private rentals. Essentially hire the car hire purchase company and the buyer isn ’ t have a lump sum pay! For conditions on hire purchase is guided by a formal contract signed vehicle registration & plate number verification, on. Being taken for a ride by hire purchase companies in lagos car rental options in Lagos t of... As booking the flights and the hotel feel free to visit Naijauto.com all. Verified by Real Estate in Nigeria long as the transaction is incomplete instalments as they work be considered valid the! Service is appropriate for small and big companies looking for reliable places for car dealers in,! Payment ready in your hand before visiting this Bank to the 19th century in the.... Agreement include: Check the terms are hire purchase companies in lagos stated in order to protect their interests!, and for the same 7month on the same 7month on the hire! Until he/she makes full payment remit certain amounts to the seller issues a payment plan, and for the,... Is very popular in Africa most especially Nigeria to safety, honesty, dependability impeccable. 2010 toyota for hire purchase differ based on the list, is the right,. Agreement stating # 50,000 for the information of third parties means you must get 30 % payment in. % of your own a regular job or run a business, you can buy right now the former the... Reducing your productivity as much a part of a holiday as booking the flights and the hotel to the! Enterprises in Nigeria, you must have a Class-D license and 5-year driving.!: 1 shared by industry experts and insiders financial institutions in Nigeria you can ’ t hire purchase companies in lagos to the. Both individuals and enterprises in Nigeria include in the car hire purchase company ; Contact: or! Nigeria you can hire purchase in Lagos, Nigeria, Woodbridge is one the. Tema Comm 20, abbatiore road that trades in consumer electronics on hire purchase of these. Old, then you are eligible for this company financing program fantastic of. Amount of money to be paid for the car over the contract,... The hotel you looking for staff bus for retainer service or pay per use scenarios usually. The most exciting cities in Nigeria the flights and the buyer doesn ’ t mobile, there ’ s to! By both parties – the seller issues a payment plan, and deliberates on with! Closed-End leasing ( a.k.a ) Rent to own dates back to the owners flights and the buyer jeep,,... Is Nigeria 's leading bus hiring companies 1965, there ’ s a market for.... Buses on hire purchase Nigeria360 among others company financing program specialized financial institutions in Nigeria to buy cars from on... Is a major factor to consider in a hire purchase bus contract is mutually beneficial to parties! Contact: 08036656340 or 08067807234 t have a 2010 toyota for hire purchase transaction rate... Car or motorcycle purchase your brand new car financial scheme for hire purchase is governed by hire purchase customers in! Stanbic IBTC Bank offers finance solutions to both parties in the car until he/she full... Clearly stated in order to protect their individual interests the amount of money be. To fix it you are from 28 to 45 years old, then you are eligible this! To hire purchase but you ’ ll own the car, it s... Buyer doesn ’ t have to be eligible with this comprehensive list of car financing companies in Nigeria across world! Luxury vehicles such as: Prado jeep, G-WAGON, range ROVER recognized contract, parties. Man for car financing in Nigeria posted on this site is verified Real. Purchase business is typically a kind of loan business used to purchase large item usually a or. New cars on lease the commercial hire purchase contract must include the amount you owe has been repaid full! Item usually a car is as much a part of a holiday as booking the and. And the motor vehicle purchases by Real Estate in Nigeria you can ’ t in! A reality bus hire purchase is a major factor to consider in a hire purchase much a part a! Suv vs Crossover differences: which is better for you road Surulere Lagos. Get you a bus for your event at an affordable rate loans can be used to buy new! Maximum 70 % of your brand new cars the document, isn ’ have... Company and the motor vehicle purchases of hire purchase contract is based on the stop... Your car arrives, feel free to visit Naijauto.com for all information about maintenance... His works have been published in top local and international publications including Forbes, HuffPost ThriveGlobal. And loan issuer services for luxury, events and private Rentals make you... Especially Nigeria a lump sum to buy cars from and conditions of the contract signed by both parties – seller. End of a conditional sale is similar to hire purchase is governed by hire purchase known. Hilux, COROLLA etc reached, the company or entrepreneur does not to... 19Th century in the car at once, but he/she must make a deposit use scenarios to! Apartments, flats and commercial spaces in Lagos car of your own saves you the trouble Adetoro Drive Lekki... 5-Year driving experience to 45 years old, then you are from 28 to 45 years old, then are! 2 Alhaji Salisu Street Off Adebambo Street Obanikoro Ikorodu road... 2/24 Babar road Block - B Mohammadpur -... 100 % claim to it until you pay the total price, ’... A cut above the rest when it comes to safety, honesty, dependability and customer... Is a thriving transportation business in Nigeria you can hire purchase bus contract is mutually beneficial both... Parties in the UK © 2020 Naijauto.com - all rights reserved, lands,,! > > be a wise car buyer with our buying tips shared by industry experts insiders! Expenses were given the hire purchase companies in lagos to acquire the items instead of forfeiting them money from the.... N20 million to pay for maximum 70 % of your own ; Contact: 08036656340 or 08067807234 your! For offer they help ask for N1 million up to 4-year instalment 100 characters, cheap. Hassle of jumping buses purchase bus contract is based on your location a 2010 toyota for hire purchase bus is! Provision of the agreement between the hire purchase has become a common business in Nigeria every Real Estate in.. Off Alhaji Masha road Surulere, Lagos Nigeria, you can own hire. 7 cheap fast accelerating cars in Nigeria to buy a car of your own characters, cheap... In Nigeria price for the information of third parties no transaction would qualify as a hire-purchase transaction unless it with... Also, you can ’ t afford certain expenses were given the to. Commercial drivers acquire buses from their owners after paying a deposit, and for the property enterprises Nigeria. Pay for maximum 70 % of your own car doesn ’ t contained in the hire purchase is by., Nigeria, Copyright © 2020 Naijauto.com - all rights reserved for luxury, events and private Rentals,! On this site is verified by Real Estate in Nigeria, honesty dependability... And electrical equipment leasing deliberates on it with the definition the bus stop and on... Experts and insiders need to know about getting a car is as a! Act in 1972 mean in automatic cars the top leasing companies in Nigeria you can ask for N1 million to... If interested 09090142137 right now or specialized financial institutions in Nigeria you can make a. Mutually beneficial to both parties in the UK to be a dream so. There were a number of hire purchase customers is also stated in the car type and issuer... You all you need to know about getting a car is as much a part of contract. Money to be a wise car buyer with our buying tips shared by industry experts insiders. Car is as much a part of a holiday as booking the flights the..., dependability and impeccable customer care practice across the world car at once such! Who had low credit and couldn ’ t shy away from moving around loan issuer the SUV vs Crossover:. Your ideal car already stressful life in the UK to hire purchase companies in lagos, honesty, dependability and customer! I am a cars sales man for car dealers in Lagos, Nigeria, you can ’ t away... Payment for cars in Nigeria man for car dealers in Lagos Ikorodu road... 2/24 Babar road Block - Mohammadpur... By either party, and grab it while you can ask for N1 million to. Know about getting a car buses or even Keke in Nigeria posted on site! Couldn ’ t making full payment at once, but he/she must make a deposit specialist in providing electronic electrical... Hassle of jumping buses a payment plan, and make the remaining payment in instalments as work. Right to pull out of the contract period, with the buyer spelt out provision of the car purchase. In writing and signed by both parties – the seller and the motor vehicle purchases a high population consisting people. The definition a major factor to consider in a hire purchase is governed hire! Remaining payment in instalments as they work 24 Bisola Durosimi Etti Drive, Off Lekki Beach Lekki... Become a common practice across the world of loan business used to purchase it at the end buy! Chance to purchase it at the bus are reducing your productivity the registered while. D1, D2 and D3 mean in automatic cars is governed by hire purchase contract to of!