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Nairaland Forum / Nairaland / General / Business / I Need Advice On Mini Bus Transportation (1190 Views)
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I Need Advice On Mini Bus Transportation by Nobody: 2:31pm On Jan 13, 2021 |
1, How much does a driver need to DEPOSIT before he is giving a vehicle of 1.2M in benin on hire-purchase 2, How much should he balance me on weekly basis 3, How much should he balance me TOTALLY before he can fully own the bus?? I need this answers. Thank you |
Re: I Need Advice On Mini Bus Transportation by Mide3367: 4:57pm On Jan 13, 2021 |
OK... |
Re: I Need Advice On Mini Bus Transportation by YModulosGodSon: 1:37pm On Jan 14, 2021 |
Hi.... I got your mention in the other thread... 1. Usually, for HIRE PURCHASE there isn't any mandatory need for an initial deposit except if so determined by both parties in the contract and in which case the amount will also have to be negotiated and agreed upon by both parties interested contract. 2. Regardless of how much was collected as the initial deposit, weekly remit is mostly dependent on the economic value and activity level of the route being plied by your driver. I don't know about Benin city but I think that on the average 25k - 40k should not be bad for a minibus in any part of Nigeria. Please make your personal findings and then reach an agreement comfortable for you with your driver 3. Usually, the profit percentage desired on any newly purchased vehicle is 50-75%. This means that for a vehicle purchased for 1.2M (which is quite costly in my opinion), you'd be looking at receiving a total sum of 1.8-2.1M. 4. Whatever initial deposit you collect and whatever weekly remit you decide please ensure that the time factor for recovering your investment does not exceed 18months. The reason is that by the end of this period it is expected that the economic value of your commercial vehicle would have depreciated by around 30% thereby making it difficult to sell off profitably if your driver hasn't kept to the terms and agreement adopted. 5. Until he fully owns the bus, you remain the legitimate owner of your vehicle; hence, always supervise your investment. I wish you all the best 3 Likes 1 Share |
Re: I Need Advice On Mini Bus Transportation by Nobody: 6:49am On Jan 15, 2021 |
YModulosGodSon:Thank you so much. I read this and it blessed with knowledge. Thank you again |
Re: I Need Advice On Mini Bus Transportation by TheEnlightenedO(m): 5:21am On Jan 17, 2021 |
bradwilli: Trade directly on the exchange and only use limit orders, there are no charges to use those, and also the standard charge for withdrawals is 200, which I think is very fair 1 Like |
Re: I Need Advice On Mini Bus Transportation by Mannyemmy(m): 6:26pm On Jan 18, 2021 |
bradwilli:You should be very careful when dealing with whom to give the bus to because I know my Benin people very well. If you are having difficulties in selecting the person to give the bus, then go and register the bus on payride, a ride-hailing company which is located in benin city and they will help you manage the bus and you get paid accordingly. Best regards 1 Like |
Re: I Need Advice On Mini Bus Transportation by Nobody: 9:04pm On Jan 18, 2021 |
Mannyemmy:thank you so much. People have been warning me to be careful with benin people |
Re: I Need Advice On Mini Bus Transportation by Dramadiddy(m): 12:19am On Jan 19, 2021 |
TheEnlightenedO:sent you a PM |
Re: I Need Advice On Mini Bus Transportation by Nobody: 5:38pm On Jan 21, 2021 |
Dramadiddy:i cant even remember the email i use to recieve pms. Will check chief |
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