We can help you manage your car as taxi.
The hire purchase model is the most preferred for drivers and recommended for investors with a long term investment plan. Hire purchase simply means the driver contributes weekly towards outright ownership of the vehicle over time.
What comes with this pack?
envio recruits and assigns a verified driver to your vehicle.
- The satellite tracking technology from CoTrac allows you to receive a daily email report of the activities of your car used as a taxi.
- To ensure you earn rental fees for your vehicle seamlessly, the envio billing gateway allows us to process rental collections from the driver assigned to your vehicle. If the driver fails to make payments via the billing gateway, the satellite trackers will automatically locate your vehicle and demobilize the engine until the driver makes the payment via the web link to the billing gateway and automatically the vehicle will get back to an active state.
- Calculating a hire purchase value is quite simple. Cost of vehicle X 60% mark-up = Hire purchase value. How do you determine the cost of the vehicle if it is Nigerian used? We have vehicle inspectors in your city and they will help you do a proper valuation for your vehicle.
- Under the hire purchase plan, the driver handles all repairs and maintenance cost while you only handle license and insurance policy renewals every year throughout the hire purchase period.
- Hire purchase model is similar to a bank loan. The vehicle is still yours until the driver completes the payment.
- Drivers pay N25,000 per week via the dedicated envio billing gateway while envio pays out monthly and retains 10% management commission.
- Support funding for the following essentials;
- Comprehensive vehicle insurance cover.
- Satellite tracking service from CoTrac.
- envio also offers toll-free support to drivers during the following emergencies;
- Ambulance rescue service during an accident.
- Subsidized towing service during a vehicle breakdown.
- Bargained spare parts supplies.
- Cashbacks for petrol from partnered petrol filling stations in each city.
- Intervention role for the driver with taxi app companies.
- How do we determine how long the hire purchase plan will last? Since the driver pays N100,000 monthly, dividing it by the hire purchase value determines the pay-out tenure.
Example; If the cost of vehicle is N2,000,000 the hire purchase value equals;
N2,000,000 X 60% = N3,200,000 (N2,000,000 + N1,200,000 (60% mark-up)
Hire purchase tenure is calculated as N3,200,000 / N100,000 = 32 Months.
If you need further clarifications, you can all call any of our contact centre numbers in your city.