How To Get Car on Hire Purchase – Car Loan For Uber and bolt Drivers In Nigeria

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Uber has made life easier for a lot of Nigerians by providing an alternative means of earning legitimate cash. Uber is a technology-driven taxi company that connects drivers to riders through its app- Uber App. Here, if you are a rider in need of a taxi to take you to a certain place, from the comfort of your home, you can easily book online and in no time you have a taxi ready to take you down to your destination. Riding with Uber provides a classy and comfortable means of transport, much better than battling for seating space in regular danfo buses in Nigeria.

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Car hire purchase in Nigeria
Car hire purchase in Nigeria guide: List of Car Hire Purchase Company

Uber itself does not own a taxi or private cars to take riders from one place to another. Rather, people can sign up on the Uber platform as drivers or partners ready to rent cars for transport by registered Uber drivers. Most people fit the driver requirement by Uber, but unfortunately, they don’t own a car. These ones would prefer to have a car of their own for the Uber driving business. If this is you, then you need to read this article till the end. You can actually get a car on hire purchase or car loan for Uber driving in Nigeria. But first, what are Uber vehicle requirements?

Uber Vehicles Requirements

The acceptable car for an Uber ride must meet the following requirements:

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  • Not older than the 2000 model year
  • Is a 4-door sedan
  • In good working condition and aesthetic condition
  • Able to carry at least 4 passengers
  • Has functional windows, air conditioning, and radio

Cars Not Accepted By Uber In Nigeria

If your car is in any of these states, it will not be accepted for use by both Bolt and Uber

  • 2-door cars are not accepted
  • Full-size trucks or vans
  • Taxies, government-owned vehicles, and other marked vehicles can’t be used for Uber and Bolt business
  • Salvaged, accidented or rebuilt vehicles will be rejected.

Minimum Requirements For Getting A Car Loan for Uber

Good Credit Score – This is very important as it determines your ability to pay back the loan. In simple terms, your credit score is your financial status which entails your ability to repay back the loan.

Debit Account – The truth is, no one wants to lend money to someone who can’t pay it back. This is why your debit account or history will be probed into before anyone can give you a car loan for Uber. Lenders want to know how many you have borrowed from and how much you own them. It’s best to have no debt history so that you can easily get your loan.

Repayment History – If you do have a debit or debts in the past, a good way to redeem yourself before your Uber car lender is that you have a good repayment history. This will guarantee your lender that you will pay back.

Personal Details – This includes your personal details, your personal information like name, address, email, etc. This is for identification and record-keeping purposes.

Where To Get a Car Loan For Uber

A private/personal lender

Private/personal lenders such as friends or family could loan you some cash to get your car. Make sure you set concrete repayment plans and agreements before you take the loan.

Get Financing from your car dealer

Some car dealers afford you the option to pay in monthly/weekly instalments and offer you a car loan for Uber. This means they become the lender while you become the borrower. In this instance, they offer you a payment plan such that you don’t have to pay for the car immediately, but depending on the cost of the car, the total cost is spread through the months (maybe 18-24months), till the selling price is paid with interest.

Banks and other financial bodies

You can also go directly to different banks in Nigeria and fill in the application for a car loan. Ensure to do your research so that you go for the one with the lowest interest rate and short repayment term. Some banks have special car loans for registered Uber drivers. Financial agencies such as Sovereign Finance Limited, CreditVille Nigeria, Pukena Cars and Driver’s, etc offer different hire purchase plans for Uber drivers.

How To Get a Car Loan For Uber

  1. Make a move to the car loan institution you are satisfied with and fill in the car loan application.
  2. Make sure you have all the necessary documents and meet the eligibility criteria both for Uber and the Loan lending body.
  3. Have a stable source of income that you can rely on to pay the monthly/weekly instalments. In most cases, a portion of your earnings will be remitted weekly to pay up the loan. However, you can always have an extra source of income.
  4. Read carefully all the details written in the loan agreement form. Beware of shady agreements, ask questions where necessary.
  5. If all works well, sign the document and your car loan is ready.

Blessing Afolabi is a writing enthusiast. She enjoys reading about science, leadership, and any other edifying materials. She's willing to go the extra mile in curating the right kind of content. When she's not writing, she's busy reading, chatting, or just hanging out with friends.

65 Comments

  1. Adagun akeem aina Reply

    Good day sir/ma. I would like to make an enquiry on how to take a car loan and how much is it and how is the payment as well. Thanks

    • Adirika Chukwunonso Reply

      Good day Sir,
      I want to venture into Uber business in Lagos. I am in need of car loan that I can be paying weekly. I will like to go for Toyota Corolla 2003 to 2006 LE

    • Adio kamoru Reply

      Hello sir/ma I am a competent driver I need a car on hire purchase to used on uber and taxify platform. I need your help to get one car i am sure that i will be a good driver that you can recommend for anyone in future. This is my wattsap number 08090669881 or 08084608884 if my application is considered I will be very happy thanks

  2. Thompson Jesus Emmanuel Reply

    Please sir i really need your help, i need a car for weekly remittance or hire purchase on uber and bolt…. Thanks

    • Emmanuel john Reply

      Good day sir/ma my name is Emmanuel john pls I need a car for hired purchase pls how is the payment method,

  3. Abua Jacob Obi Reply

    Good day sir/ma,pls I need a car for hire purchase or remittances for uber,bolt or others, dis is my contact, 08027671549,09132241396,tanks

    • Pls I need a car to work on uber either rent or hire purchase in Lagos 07011482794 assap n call

    • Adewunmi kayode Reply

      Good day sir, please I need a Toyota Camry, 2004 for Uber on High purchase, I will pay as agreed. Thanks my number, 08104643683

      • Emmanuel john Reply

        Pls sir I would want a Toyota Camry, 2..2 for uber for hired purchase, pls here is my no 07065729636

  4. Ogeru Sunday ogeru Reply

    Good day sir/ma, I’m an Uber driver in need of a car to continue my Uber busines. Either car loan or hire purchase even rental am capable. Thanks looking forward to hear from you. Please you can contact me on 07068227357

    • Boniface Umenwobi Reply

      Good day sir,
      Please I want to venture into Uber and Bolt business. I will like to know the terms and conditions for either higher purchase or weekly remittance.
      Please I will like to go for Corolla Le .
      Thanks.
      Boniface Umenwobi.
      08033746779

      • Benazimor Stingo Egiren Reply

        I am interested in taking a car loan, and I will like to have a Sianna motor for transportation to enable me pay the monthly installment payment.
        Mr, Benazimor Stingo Egiren.
        08034808553

    • I need a Toyota Corolla 03/04 for Uber and bolt use on hire purchases
      08130805476

  5. Bashir Abiola Reply

    Good day sir/ma, I’m a bolt and Uber driver, I need a Toyota Corolla 2007 at hire purchase to continue with the business. I will be glad if my request is granted. 09068253232

  6. Good day sir/ma pls I need a Corolla car to run uber/bolt business , hire purchase or rental I’m ready. I’m in ojodu ikeja . My contact is 08037990886

    • Emeh kingsley Reply

      Dear sir /madam ,
      I need a car loan or higher purchase for weekly remittance to work with .

  7. Izunna Prince Reply

    Good day,

    I will love to enquire if you have services for camry higher purchase, what are the terms &!conditions. I’l be glad to read from you.

    Thank you

    • Daniel Abutu Reply

      I need a Toyota Corolla or Big daddy for hire purchase/remitance to use for Uber and Bolt. Any one available should reach me on 08105067566

  8. I need Toyota Corolla for hire purchase or weekly remittance for Uber/bolt this is my phone number 08173537278

  9. I am a driver on Uber and bolt,I am in need of a car loan that I can be paying weekly.

    • I need a Toyota Corolla or Big daddy for hire purchase to use on Uber and Bolt. Any one available should reach me on 08020611079.

  10. I am really in need of a car to drive for hire purchase. Any one available should contact me on 08020611079

  11. Amodu Ibrahim Joseph Reply

    Dear sir/ma
    I have Passion for driving and earn money on Uber business but I don’t have a car.I need a car for purchase and repay back at am agreed terms and conditions.
    Kindly assist me.
    My contact no is 08165305707.
    Thanks.

  12. Edet Jude prince Reply

    Good day sir,
    Please I want to venture into Uber and Bolt business. I will like to know the terms and conditions for either higher purchase.
    Please I will like to go for Corolla Le .
    Thanks.
    Edet Jude prince
    08036498815

    • Willy Emmanuel Reply

      Good day sir/ma,pls i need a Toyota corolla car on a higher purchase plan for uber/bolt,kindly notify me on the terms and conditions,i will be extremely elated if my request is granted,this is my phone no-07062800597

      • I need a car I want to use it for uber/bolt pls how do I get in contact

  13. Good evening sir, please sir I need a car Lexus or Toyota product for hire purchase, I want to use it for Uber.
    Thanks

  14. My name is Peace, i live in Abuja and I need Toyota Corolla for hire purchase or weekly remittance for Uber/bolt this is my phone number 07030848696

    • Dickson Stanley Reply

      Am Stanley by name , I live in Lagos and I need a Toyota Corolla for hire purchase or weekly remittance and I have account with Uber already, this is my number 08103245830

  15. Abegunde Taiwo Reply

    I need a car Toyota Corolla 2006/2005 for Uber in hire purchase . This is my number 08060025200

    • Adeneye Oluwaniyi Samuel Reply

      Good day sir!I am a good driver and have been driving for some years now..pls sir,I need a car that I would use for Uber, a Toyota Corolla car that’s in good condition.here is my contact.08101695767

  16. samuel adebayo Reply

    I would like to have a contact to reach out to in respect of a car loan

  17. Abiodun Adewori Ayodele Reply

    Good sir, I need a Toyota Corolla car for Uber at hire purchase 08063399879

  18. Okechukwu Abraham Reply

    Good day I need a car loan of Toyota Corolla for Uber higher purchase or weekly remittance
    Okechukwu Abraham 08164117112

    • Good day sir/ma I need a car for uber on hire purchase or weekly remittance,08067616698 Reply

      Good day sir/ma I need a car for uber on hire purchase or weekly remittance,08067616698

  19. Please sir i really need your help, i need a car for weekly remittance or hire purchase on uber and bolt…. Thanks 08137651463

  20. Chukwudi Kelvin Reply

    Please sir/ma i really need your help, i need a car for weekly remittance or hire purchase on uber and bolt…. Thanks my number 07046874431

  21. Bayode David Reply

    Please sir/ma, i need a car for weekly remittance or hire purchase on uber and bolt…. Thank, 07036663267

  22. My name is Alfred, i live in Abuja and I need Toyota car for hire purchase or weekly remittance for Uber/bolt. 08080135703

  23. Daniel Effiong Reply

    Dear sir/ma I need a car for Uber and bolt for weekly remittance. Thanks so much 08115529391

  24. Christopher Reply

    pls sir/madam I need a car for uber job pls contact me 08146374057

  25. Emmanuel Ogonna Reply

    I need a car that I will be paying monthly payment for Uber, no 08174480297

  26. Okegbenro gbenga oka Reply

    Good day sir/ma please I need help from your organization, I need car loan installmentally for uber 08137005175

  27. OLASANOYE Johnson akins Reply

    Good day sir/ma, my name is OLASANOYE JOHNSON akins, I’m a driver and I need a car for Uber/taxify job on hire purchase my phone number is 09035718632 thanks.

  28. Emeh kingsley Reply

    Good day sir / madam , My name is emeh kingsley I am driver I need a car for Uber by loan or weekly remittance 08142901015.

  29. IWUNDU RICHARD Reply

    Driver available for higher purchase, a toyota corolla or camry 2006.
    Please anyone interested.

    • Demi Durodola Reply

      Good dey sir I am a qualified driver I need a car for uber/bolt on hire purchase and I will be deligent to pay back as plan (08035877295)base in Abuja

    • please whats the rate on HP?

      my name is Michael (+2348180961077), base in Lagos

  30. Olugbenga Ebenezer Opatola Reply

    Olugbenga Opatola is my name. I am a five start driver with uber for many years with a proofing record, I need a Toyota Camry for Uber Taxi. Thank you

  31. Damilola Joseph Reply

    I’m Damilola, I based in Lagos, pls kindly help me with a car, I need it for Uber business on hire purchase with monthly payment, I prefer 07/08 Camry. 08135579401

  32. Good day sir
    My is chinedu I base in abuja
    I need a toyota corolla for 2006 model for uber/bolt on hire purchase
    Pls if any available you can contact me on 08029850432
    On already a registered bolt/uber driver with good rating/credit score.
    Thanks.

  33. udochukwu prince Reply

    good day sir. please i need a car loan for uber driving will be delivering weekly i will love to go for toyota product. i base in owerri imo state

  34. Ajibola Temitayo iremide Reply

    Pls I need a car for hire purchase toyota corolla 07 or 09,I av 100k for down payment, pls help, my number is 07043955268 thanks God bless you

  35. Isaac Daniel Reply

    Good morning mar/sir please am Abuja I need car hire purchased Corolla to do bolt and Uber. If anyone please let me know

  36. Chibuike alozie Reply

    Good day , pls I need a Toyota corrolla for hire purchase on weekly payment, I will be happy if I am considered and will abide by the rules,
    Thanks and anticipating a favourable response

  37. Ajetunmobi oluwatosin Reply

    Good day sir,
    Please I want to venture into Uber and Bolt business. I will like to know the terms and conditions for either higher purchase.
    Please I will like to go for Corolla Le .
    Thanks.
    Oluwatosin Ajetunmobi
    Abuja
    08033931190

  38. Daniel emeka Ndubuisi Reply

    Good day sir/ma I would love to work with your company I need a car for weekly payments I’m a very good and honest driver although I just joined the Uber business I’ve been driving my uncle,s car for 3years now I want to start up something on my own please I would be glad if anyone can help me out thanks

  39. Pls i need a car for Uber and bolt driver av register on both app and am leaving at ibadan

  40. Good day sir,
    Please I want to venture into Uber and Bolt business. I will like to know the terms and conditions for either higher purchase or weekly remittance.

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