Drive or Invest in a Hire Purchase Car in Edo State
Enjoy flexible and affordable payment plans designed for drivers, while investors earn high, secure returns on their money or vehicles. Whether you’re looking to own a car through daily work or grow your income passively, EdoProperty’s hire purchase program makes it easy to get started and succeed.
How It Works (Three-Step Guide)
Choose Your Role
Are you a driver or an investor? Select your path and sign up.
Reach out in Person
Deals like this are not close online so reaching out in person is the best method.
Get Started
Drivers get cars. Investors start earning. We manage and monitor the process.
Hire Purchase
Hire Purchase is a way to hire the car from the finance company with fixed monthly payments, to spread the purchase price of a car across a longer period. Once all the payments have been made and the finance agreement ends, the car is yours.
Find out more about the features and risks of Hire Purchase finance by watching the video below and browsing our handy frequently asked questions.
About Our Hire Purchase Car Program in Edo State
EdoProperty.com is Edo State’s trusted hub for car hire purchase opportunities. Whether you’re a driver looking to own your car or an investor searching for smart, secure income streams, we offer reliable partnerships backed by strong contracts and vehicle management. We handle everything—from car sourcing to driver vetting and repayment monitoring. With offices in Benin City and an expanding driver network, EdoProperty makes car ownership and investment easy, profitable, and secure.
Benefits Section (For Drivers & Investors)
For Drivers:
Drive and own your car in 12–24 months
Pay weekly or monthly – flexible terms
No credit check, no collateral
Support for Bolt/Uber registration
For Investors:
Up to 60% ROI over 18 months
We handle driver vetting & repayments
Passive income with full reporting
Option to invest cash or vehicle
Frequently Asked Questions (FAQ)
1. What is a hire purchase car?
A hire purchase car is a vehicle you can use and pay for in installments over an agreed period. Ownership is transferred to the driver once the full payment is completed.
2. How can I invest in the hire purchase car business?
You can invest by providing funds or vehicles to EdoProperty.com. We connect your investment with verified drivers and manage the repayment process for a return on your investment.
3. Is the hire purchase business profitable in Nigeria?
Yes, it is. On average, investors earn 30%–60% ROI over a 12 to 18-month period, depending on the car type and repayment agreement.
4. Can I bring my own car for hire purchase?
Yes. If you already own a vehicle, EdoProperty.com can manage it under our hire purchase scheme with reliable drivers.
5. How do I get a car on hire purchase as a driver?
Simply fill out our application form on EdoProperty.com, submit required documents (valid ID, driver’s license, guarantor details), and we’ll guide you through the approval and car assignment process.
6. What documents do I need as a driver?
You’ll need a valid government ID, driver’s license, recent passport photo, proof of address, and at least one guarantor.
7. How much is the initial deposit?
Initial deposit varies by car type. On average, drivers are expected to pay between ₦150,000 – ₦300,000 as commitment fee before receiving the car.
8. How long is the payment duration?
Payment periods typically range from 12 to 24 months. We offer flexible plans based on your income level and car model.
9. Do you work with Bolt or Uber drivers?
Yes. We provide hire purchase vehicles suitable for e-hailing services like Bolt, Uber, and other transport platforms.
10. Can I pay weekly or monthly?
Yes. Our repayment plans are flexible. You can choose to pay weekly or monthly depending on your agreement.
11. What happens if a driver defaults on payment?
We have a structured recovery and reconciliation process. In severe cases, we may repossess the car. Drivers are advised to communicate early if challenges arise.
12. Is there a contract or agreement involved?
Yes. All parties must sign a legally binding hire purchase agreement to ensure transparency and security for both investors and drivers.
13. Can I invest if I live outside Nigeria?
Absolutely. We work with diaspora investors. Our team will manage everything and provide regular updates on your investment.
14. What types of cars are available for hire purchase?
We offer popular models such as Toyota Corolla, Camry, Sienna, and Honda vehicles, suitable for transport and e-hailing businesses.
15. Is EdoProperty.com registered and trustworthy?
Yes. We are a registered business in Nigeria, committed to transparency, accountability, and long-term partnerships with both investors and drivers.