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Nairaland Forum / Nairaland / General / Business / Minibus For Hire Purchase (5519 Views)
Starting A Minibus Inter-state Passenger Transportation / I Am In Need Of (minibus) Hire Purchase / Tokunbo Minibus All Converted Available For Sale. (2) (3) (4)
Minibus For Hire Purchase by omotola224(f): 11:49am On Jun 27, 2020 |
Hello my people, I just bought my Mini bus aka korope, I have put it in a good shape to start work. Everything cost me 1.1m my question is how much can I give it out on hire purchase, how much should be paid weekly( pls note the vehicle will be plying lagos island road it's a very busy market area so I know there will always be work for the driver) Any other tips to guide me through this whole thing will be highly appreciated. Thank you as I await your responses. |
Re: Minibus For Hire Purchase by Nezzjnr: 11:57am On Jun 27, 2020 |
Let me wait for the bosses as I also want to learn Cc izzou |
Re: Minibus For Hire Purchase by omotola224(f): 12:06pm On Jun 27, 2020 |
Lol. We are waiting together |
Re: Minibus For Hire Purchase by omotola224(f): 3:38pm On Jun 27, 2020 |
Pls o any information will be highly appreciated. |
Re: Minibus For Hire Purchase by cdm4live: 4:52pm On Jun 27, 2020 |
I am not in Lagos. In the state I reside, a friend drove this hire purchase minibus for 1.5m. Cost price of bus was 600k. Wait for others to chip in too. |
Re: Minibus For Hire Purchase by omotola224(f): 9:02pm On Jun 27, 2020 |
cdm4live:Ok thank you 1 Like |
Re: Minibus For Hire Purchase by CsRockefeller(m): 10:37pm On Jun 27, 2020 |
omotola224: Details are scanty. What make of bus? How may seater/spaces? What do you mean by Lagos Island route? Be specific. |
Re: Minibus For Hire Purchase by dbestuncle: 11:49pm On Jun 27, 2020 |
Don't you think that you already over spent on it. Make u look at daily pay. The rider gives u money daily but doesn't own the vehicle. omotola224: |
Re: Minibus For Hire Purchase by peteruuu(m): 12:03am On Jun 28, 2020 |
omotola224: Don't you think you've invested 'too much' on the purchase of the vehicle? Are you willing to give it out on hire purchase or you want the driver to pay you weekly? I'll suggest you give it out on hire purchase...by that, you may give it out at the rate of 1.5m. You make agreement with the driver and his two(2) guarantors.. You'll mandate him to be paying a certain amount every week. NB: The price must be a fixed price. Tell him anyday he fails, you'll take it from him and let him sign the agreement. One must be very sharp and be a no-nonsense-man sha o, else, dem go wan use you shine ni. Goodluck to you... I hope I helped a bit... 5 Likes |
Re: Minibus For Hire Purchase by omotola224(f): 12:25am On Jun 28, 2020 |
dbestuncle:You cant spend lesser on a mini bus right now. I prefer to do hire purchase |
Re: Minibus For Hire Purchase by omotola224(f): 12:26am On Jun 28, 2020 |
CsRockefeller:Suzuki 7 seater bus Idumota area lagos island |
Re: Minibus For Hire Purchase by omotola224(f): 12:27am On Jun 28, 2020 |
peteruuu:1.5m is too small even napep that I bought 700k I gave it out for 1.1m. 1.5m cant work |
Re: Minibus For Hire Purchase by CsRockefeller(m): 2:13am On Jun 28, 2020 |
omotola224: Okay. Still not clear on the route. Idumota all tru to where? Is it to Oyingbo, Yaba and back? If so from Idumota to Oyingbo is N100, Oyingbo to Yaba is N100. So the driver makes N700 for the first stop and another N700 to Yaba summing it to N1400. He will probably take an hour to load and complete one trip (Yaba). If he works 12 hrs a day, he can make 8 complete trips (allowance given for low passengers periods and other unexpected contingencies) 8 multiply by N1400 gives you N11,200. Less Fuel purchase of N3k a day leaves you with 8k. In a week that's 56k, in a month N224,000. If based on agreement, you decide to give the driver and conductor a 50% of profit, that would leave you with about a 100k every month. This is d LEAST you must collect. That's if the routes I earlier mentioned is in consonance with yours. 1 Like |
Re: Minibus For Hire Purchase by peteruuu(m): 7:24am On Jun 28, 2020 |
omotola224: Okay... Can you make it 1.9 to 2m? |
Re: Minibus For Hire Purchase by codedlee(m): 7:56am On Jun 28, 2020 |
I actually need a mini bus for my bakery business to boost sales. DM if you want to put it on hire purchase 09098186899 WhatsApp only |
Re: Minibus For Hire Purchase by SavageResponse(m): 9:41am On Jun 28, 2020 |
omotola224: Don't you think you should have asked this question first before going to invest in the minibus? 2 Likes |
Re: Minibus For Hire Purchase by omotola224(f): 11:55am On Jun 28, 2020 |
CsRockefeller:Thank you. This will help me. 1 Like |
Re: Minibus For Hire Purchase by omotola224(f): 11:56am On Jun 28, 2020 |
peteruuu: Thanks just asked drivers around the axis I want to play. This is the amount they said they drop it for them on hire purchase 1 Like |
Re: Minibus For Hire Purchase by omotola224(f): 11:58am On Jun 28, 2020 |
SavageResponse: I did my research before buying I am clarifying some things before I give it out. U see before the ban on keke minibus was selling cheaper but after keke was banned the price went up just needed how much it is being given out now |
Re: Minibus For Hire Purchase by omotola224(f): 12:00pm On Jun 28, 2020 |
codedlee: I want it for proper transportation but I will advise u to get the mini truck it has more space for your type of business and it's even cheaper than the mini bus itself. Last time I asked which was 3 weeks ago it was selling for 700k. Best of luck. 1 Like |
Re: Minibus For Hire Purchase by peteruuu(m): 2:54pm On Jun 28, 2020 |
omotola224: Good then. Just be very careful and smarter than them pls. My saving grace last December was because I'm very close to an influential man in the state here.. I don't want to say much...but at the end if the whole thing, both the police officers and my riders that connived together were sorry for themselves. They thought I wasn't smart at all, but I was way too smarter than them |
Re: Minibus For Hire Purchase by omotola224(f): 3:55pm On Jun 28, 2020 |
peteruuu: |
Re: Minibus For Hire Purchase by omotola224(f): 3:56pm On Jun 28, 2020 |
Wow. This life sha I will be careful. Thanks peteruuu: 1 Like |
Re: Minibus For Hire Purchase by pinkbarby: 4:22pm On Jul 04, 2020 |
This is a very good idea for business also, you can see the Available lands for sale behind Tuyil's Proposed University Site @ Airport Road, Ilorin , Kwara State @ N150,000 per plot. Call 08179347590 , Whatsapp 09074970607 Size: 100ft by 50ft Registered Survey and layout plan Available to inspect at your convenience . Neighborhood: Tuyil's Proposed University Al faoz College Golden Estate Peace Pharmaceutical Industry https://tuploc..com/2020/07/available-lands-for-sale-for-n150000.html?m=1 |
Re: Minibus For Hire Purchase by BabyApple(m): 5:43pm On Jul 05, 2020 |
Ma i am interested in driving the korpoe for you on hire purchase.. i have experience in the transport business.. i was a tricycle rider before Lagos State Government Banned Keke In 6 Local Government.. I have been looking for a Mini bus to drive because there is huge market for it in the 6 local government that Lagos State Government stopped the operation of keke.. i will collect the vehicle on hire purchase.. i am currently driving one on deliver and i pay 5k daily monday to saturday.. i need a hire purchase man.. i can be reach on zero seven zero six six six six six four three one.. thats my phone number ma.. |
Re: Minibus For Hire Purchase by BabyApple(m): 5:43pm On Jul 05, 2020 |
omotola224: Ma i am interested in driving the korpoe for you on hire purchase.. i have experience in the transport business.. i was a tricycle rider before Lagos State Government Banned Keke In 6 Local Government.. I have been looking for a Mini bus to drive because there is huge market for it in the 6 local government that Lagos State Government stopped the operation of keke.. i will collect the vehicle on hire purchase.. i am currently driving one on deliver and i pay 5k daily monday to saturday.. i need a hire purchase man.. i can be reach on zero seven zero six six six six six four three one.. thats my phone number ma.. |
Re: Minibus For Hire Purchase by mgdimagaladima(m): 7:13pm On Jul 05, 2020 |
CsRockefeller:na only him go dey the road ? 1 Like |
Re: Minibus For Hire Purchase by chuddyforlife(m): 9:05pm On Jul 27, 2020 |
omotola224: MA please am ready to drive the bus for you |
Re: Minibus For Hire Purchase by Christardor: 11:24pm On Jul 27, 2020 |
codedlee:Are you in IFE or Ibadan? |
Re: Minibus For Hire Purchase by CruzJoe(m): 8:58pm On Jul 31, 2020 |
cdm4live: pls which state is that, you reside? Am curious,you said the cost price is 600k. this 1.5m is it for how long maximum to finish paying for it. this 600k..is it for a very sound coupled one ready to hit the road? 1 Like |
Re: Minibus For Hire Purchase by cdm4live: 9:12pm On Aug 07, 2020 |
CruzJoe:My friend resides in Rivers State. Maximum payment year of 1.6 years. You shoulder any repairs. |
Re: Minibus For Hire Purchase by Sunday66: 11:40pm On Aug 07, 2020 |
@omotola224 How far with the transport biz. I'm also interested in the mini bus biz |
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