Do I lease or hire purchase a vehicle for my Uber business?


A few weeks ago, we wrote extensively on making money by joining Uber as a partner, also covering options on obtaining comprehensive vehicle insurance in Nigeria for this purpose. We have received lots of enquiries from potential partners who need more options for procuring standard vehicles for this venture, so we decided to write this article.

This will help you if  you’re without a car and thinking about driving for Uber, or if you have a regular source of income, need a car and dob’t want to pay upfront for it. We have reviewed two options which you might find quite helpful:

  • Hire purchase
  • Leasing

What is hire purchasing?

Hire purchasing is a contract in which you, (the purchaser), pay a small amount in the beginning and then make the rest of the payment in installments, over an agreed period of time (tenor) just like this Innoson deal. While leasing, is an agreement between you and the vehicle owner in which the lessor (vehicle owner) lets the lessee(user), use the vehicle for a specified time for a specific payment. This is basically a long term rental program.

A hire purchase consists of the following:

Real price of vehicle + Interest rate = Hire Purchase Price

Which in turn includes; HPP = Initial down payments + Monthly installments (Interest + Principal)


What is leasing?

But if you should decide to lease, it is quite essential that you understand the basic lingo.

  • Capitalized cost is an expense incurred in financing the asset during the term of the lease. You must intend to keep this low, which in turn lowers your monthly lease payment due to low depreciation value. Let me explain why; a relatively expensive car can easily have a lower lease payment than a less expensive one because

Low Cap.cost – High Lease end Residual value + Interest = smallest Depreciation value

  • Residual value is the projected worth of the car at the end of the lease, after depreciation. It is the amount you can buy the car for after leasing.
  • Operating Lease: The lease which covers only a small part of the useful life of the asset. It is usually a short-term lease. In this kind of lease, there is no transfer of risk and rewards nor ownership.
  • Finance Lease: A lease agreement to finance the use of asset for the maximum part of its economic/useful life. The entire risk and rewards incidental to the ownership is transferred to the lessee with the transfer of the asset.

Leasing vs Hire purchase

Think of this as a comparison of the pros and cons of both options.

hire purchase


How to get these options for your Uber vehicle

Hire purchase

  • Registered Uber partners: These individuals are already registered in the Uber platform as partners looking for drivers, most of them just want to put their idle cars to use or sell them off. You can find them here
  • Private individuals: These individuals are people with available cars to sell but understand the current economic state or do not want a one-off sale. They can be approached via referrals.

Leasing companies

Most lease companies request for service, preventive and corrective maintenance, extra mileage, insurance, vehicle tracking, and vehicle licensing/papers payments.

  • Fleet partners: They lease out vehicles at the most convenient means of payment through uniquely designed leasing options/ solutions to meet your financial needs. Contact them on: 0806 023 7746,
  • C-I leasing: They are in franchise with Hertz Corporation, they are licensed by the Central bank of Nigeria to offer operating and finance leases, with a series of car rental services. For more enquiries: , 08172007171, 08172007230
  • Avis: this rent-a-car company is an American car rental service with branches in Abuja and Lagos. Visit them at their office address for rentals above 30 days.
  • First choice leasing: is a wholly owned Nigerian Financial Intermediation And Equipment Leasing Firm Incorporated in 2010. For enquiries call or email: +234 1 8839185, +234 802 321 6086, +234 862 360723,,

Although, they weren’t willing to give me information via email or phone, so be sure to carve out time to visit them if you’re interested.

Here’s a list of Uber accepted cars

Do you have any experience or thoughts on leasing or hire purchase, please let us know in the comments section.

Remember, it’s not your car so endeavor to pay your dues and make sure you understand the terms and conditions before you sign that agreement!

· · ·


  • What is the least model of car can I purchase to be uber partner

    Kayode olanrewaju May 22, 2016 6:15 pm
  • Cool, thanks for giving a clear picture on lease and hiring purchase, think I would go for hiring purchase this week, very informative

    Magnifique May 29, 2016 6:53 am
    • Thanks – glad to have been of help!

      mrpepe May 29, 2016 9:57 am
  • What year of cars needed and how much do i get paid at the end of the month.

    Amangbo Gerald June 1, 2016 7:58 pm
  • Thanks for this post, I have been on the look out for firms/individuals who can help with managing vehicle put in the uber system, the all offer seem to offer a return if N40,000 weekly, with an investment of close to N2.8million(vehicle purchase, registration,insurance etc) it will take 18 months to break even and the vehicle would have depreciated by a great %, any suggestion on uber partners with better offerings, I dont have d capacity to manage directly.

    Jide June 7, 2016 6:47 am
    • Hi Jide,

      Thanks for reaching out. As an investment, it’s usually a good idea to buy the cheapest most compliant vehicle available. I know a manager, but how much were you looking to get weekly?


      mrpepe June 7, 2016 9:37 am
  • Please am intrested in getting a car on hire purchase to put on the uber platform. Please link me up

    Onyinye July 16, 2016 8:49 pm
  • Please am interested in getting a car on hire purchase to drive on UBER platfom.please help me

    solomon July 17, 2016 4:22 pm
    • Hi Solomon,

      There are several ways to go about this

      1. You will find current car deals here: I know Accessbank is running a “drive now, pay later” deal.

      2. You can start as a driver and ask your partner to offer you the car on a hire purchase contract

      All the best

      mrpepe July 18, 2016 12:31 am
    • Hi Solomon,

      You need to be a registered driver who is ready to drive to be able to get through to this stage. You can register through any of these driving agencies:

      Here are a list of drivers agencies in Nigeria who can get you started on the platform.

      Delight Consulting
      Contact person: Gbenga Raheem
      Contact number: 08054449419 and 08037107839

      Lington & Bernie
      Contact person: Lanre Oke
      Contact number: 08032298220
      Contact email:

      Contact person: Angela Iyeke
      Contact number: 08029476384 and 08179275311
      Contact email:

      mrpepe July 20, 2016 12:42 am
  • woow this is great because as I’m talking to you, there’s no car stand I’ve not entered for the purpose of hire purchase but to no avail but I’m happy that I logged to this site I’m going for it if this is real.

    TJ AUSTINE July 23, 2016 7:27 pm
    • Glad to be of help, TJ. I think they probably turned you away because people tend to hire to people they already know, or met through a recommendation. A good way to start might be to start on Uber as a driver and then request a partner who operates by hire purchase.

      mrpepe July 24, 2016 12:36 pm
  • I saw used corola (banktype)@750ton.i dnt av money,i can pay 1.3m for hp @ 70ton monthly.i work in a school,taxi partime & av reliable innocent 08073900290

    innocent July 27, 2016 9:18 am
  • I need a car at hire purchase to used it on Huber platform

    barry ekemezie August 5, 2016 12:34 pm
  • Hi, I am a salary earner, and wish to buy fairly used car for uber through hire purchase. How can one get a good deal.

    chioma August 9, 2016 9:18 pm
    • Hi Chioma,

      If you register with Uber as a driver (here: you will get a welcome email and an invite to the marketplace, where I believe you get access to 3 companies/partners who offer hire purchase vehicles to salary earners specifically for this purpose.

      mrpepe August 10, 2016 2:30 pm
  • Thanks for the information on hire purchase and leasing. I want a car to use for Uber on hire purchase. I won’t be the one to drive the car. Can i still register as a driver to access the offers?

    Nonny November 16, 2016 2:15 pm
  • I need help am a driver in uber I need a car for hire
    Purchase I am register that I can pay for one Yar and 6 months thank

    Michael igwe November 16, 2016 10:28 pm
    • Hi Michael, please could you e-mail me :

      I have someone who is looking for a driver

      Ethan Okoli November 20, 2016 8:58 pm
  • Pls I Need A Van Or Pick Up Vehicle For Hire Purchase, How Do I Go About. Patrick

    Patrick December 4, 2016 5:57 pm
    • Please contact the guys at, as they might be able to help. 08086514565

      Ethan Okoli December 5, 2016 3:48 am
  • Connect me on how to get a hire purchase I will prefer that than leasing

    Gbenga John December 14, 2016 6:25 am
  • Hi, I need a car to lease on uber in Abuja. Please can you advice me on how to go about this?

    Lanre January 4, 2017 4:07 am
    • Hi Lanre,

      You might be better off purchasing a car on an instalment plan as the prices are close, but you own the car at the end of the period. If you haven’t registered, you can do so using this link:

      Then you will need to check out the accredited dealers in the Uber marketplace. There are 3 providers in Abuja: Stallion, Chevrolet and Kia motors. Here’s a link to the dealers:

      Ethan Okoli January 7, 2017 10:08 am
  • wooo am very happy to get on this page,am an uber driver in Lagos,plz hw can I get to uber market place in Lagos,I need a car,tnx

    prince January 12, 2017 1:10 am
  • Hi, I’m a driver on uber, I need a hp Toyota corolla car here in Lagos.

    Racheal January 15, 2017 4:26 pm
  • Hi I’m a salary earner , I need a car on hire purchase . Please can some one advise me on how to go about it. I need `toyota hiarce bus

    Samson January 22, 2017 4:56 am
  • Hi, I’m a salary earner,I need a car on hire purchase , Please can someone give a clue on how to get it. I am in Lagos.

    Samson January 22, 2017 5:12 am
  • This good,I want to register how do I go about it please help me am jobles now

    owoyele seun February 12, 2017 3:10 am
  • I need a hier purchase car ot use on the plaforM link me up

    owoyele seun February 12, 2017 3:21 am
  • pls i need 14 seater ford or Suzuki mini bus for hire purchase i also have some deposits

    chidi oliver February 15, 2017 9:45 am
    • Hi Chidi,

      Someone is this section has a bus and I have sent an intro via e-mail

      Ethan Okoli February 17, 2017 2:09 am
  • Hi please I need a car on lease in asaba , how do I go about it?. thanks

    Valentine John March 10, 2017 10:25 am
  • Hello, sir I am an uber driver in Lagos I need a car for hire purchase.

    Solomon Emmanuel March 13, 2017 9:31 pm
  • Hello, sir I am an uber driver in Lagos I need a hire purchase car. email: or 08126526881
    thanks in anticipation

    Oladipupo March 30, 2017 9:56 pm
  • I prefer hire purchase, if the platform can link me up.thx

    Dipo azeez April 11, 2017 7:06 pm
    • Hi Dipo,

      A lot of people would agree that hire purchase is a better arrangement. Are you a car owner or a driver?

      Ethan Okoli April 14, 2017 1:06 pm

    TEMI April 20, 2017 11:51 am
    • Hi Temi,

      If you’ve completed your driver registration, send me an email ( with your number and location, and I’ll reach out to my network.

      Ethan Okoli April 21, 2017 12:59 pm
  • Please sir, I’m a salary earner but I need a car for business on hire purchase .

    Olamide April 20, 2017 2:25 pm
    • Hi Ola,

      If you’ve completed your driver registration, send me an email ( with your number and location, and I’ll reach out to my network.

      Ethan Okoli April 21, 2017 1:01 pm
  • Dear sir,well done for this great work.please i have a request and i hope it will not be out of context here. i need a truck that i can buy for haulage business either on lease or hire purchase with an agreed monthly repayment plan and eventual transfer of ownership to me,please kindly help me with the necessary information and dealers that can accomodate my request. thanks sir.

    olusegun oluseyi May 9, 2017 9:01 pm
    • Hi Olusegun,

      Could you please e-mail me specifications of what you are looking for, and location and number and I’ll put a business request out to my contacts?

      Ethan Okoli May 10, 2017 7:31 am
  • I am active uber driver pls I need a car that I can use for uber business on lease arrangement. If any body can help you can contact me on 08056411890 or e-mail thank you.

    DAHUNSI May 22, 2017 4:11 pm
    • Hi Dahunsi, I will put a request out for you.

      Ethan Okoli May 23, 2017 12:10 am
  • Hi, pls I need a car on hire purchase to drive on uber platform. I am already a partner with uber.
    I can do 30k weekly, can u help me get a deal. My number is 08179070073

    Martins May 26, 2017 2:42 am
  • Can i please get your contact sir. Would love to speak with you and even book an apointment with you

    Ayo June 1, 2017 12:29 am
  • Hi,please I need a car for balance and carry my number is 09093357560 or 08073271986.thank you.

    Ayo Esezobor June 3, 2017 6:55 pm
  • I have registered as a driver but am looking for a car for hire purchase, am willing to do it better by God’s grace,
    please connect me thanks

    leo June 3, 2017 9:45 pm
  • Hello and thank you for the work on this platform. Please what is the interest estimate one can put on his car for hire purchase that is realistic. Say i have a car that is worth 2.5M what do you think or suggest would be the ideal cost (interest) to give out on hire purchase?
    Thank you

    Idorenyin June 9, 2017 8:10 am
  • I am interested in hire purchase, Toyota corolla 2009

    Innocent Odeh June 14, 2017 1:16 pm
  • Am an active uber driver pls can I get a car on hire puchase, toyota corrolla 2007 above.

    Olawale June 29, 2017 7:02 pm
  • I am an active uber driver pls can I get a car on hire puchase, toyota corrolla 2007 above. I am willing to pay back 25k per week

    Kene July 4, 2017 3:02 am
  • Good day am Abel Olajide am an uber active driver till date. I have been on uber platform for 2years now, i need a car on hire purchase as soon as possible any interested partner can contact me on 09064131937

    Abel Olajide July 5, 2017 10:00 pm
    • Hi, I’m one of the few uber female driver, I currently need a car for rental,my former partner has collected his car due to uber current price slash. My contact number is +23803444125.thanks

      Ngozi July 6, 2017 7:46 am
  • i am an uber driver for one year, and i need a car either on higher purchase, the last car i was driving was on rental bases, though it is an honda car, and it was generating too much fault after some time, so i return it back to the partner,
    i am currently in need of a car, i am a driver. and i live in ajah axis. you can reach me on 08131234899. thanks.

    Austin July 11, 2017 11:47 am
  • Theddy ubah….
    Looking for Toyota corolla for rent or hired purchase…
    Pls help me reach out to ur network…

    Teddy ubah July 11, 2017 12:12 pm
  • This is very good and informative . i will like to buy a Toyota corolla on hire purchase if i can be linked up

    Francisca Ejefo July 12, 2017 1:07 pm
  • i need a car now on hire purchase to run on uber platform pls if you can help me out i will be greatful thanks u can reach me at or 080225412340 .

    G . Lukman July 21, 2017 7:29 am
  • Am already an uber partner, I urgently need a car for either lease or hire purchase precisely to start driving with Uber immediately, any assistant, I will be greatfull to it as I look farword for a surpose, thank you for this wonderful platform ,God bless you.

    Jerome Abolo July 22, 2017 8:07 pm
  • This great my name Anthony am really in need of a car maybe lease or higher purchase am enegetic and 100% believe u came come up with payment in little time while driven pls contact me 08183046501 I do really need to do something thanks.

    Anthony July 23, 2017 1:24 pm
  • I am Richard am currently a driver in uber and taxify but meet a car for hire purchase please I will really appriciate it , if you can get me connected to someone please. Thank my contact 07033762106 email riggsrichard2@gmail. Com

    Iyeh Richard July 24, 2017 7:29 pm
  • I am a registered uber driver, been on the platform since last year but not been paired with a partner, pls I need desperately need a car for hire purchase/lease business plan. contact me via whatsapp or call with this no: 09092914385. thanks in anticipation

    Emmanuel July 25, 2017 9:03 am
  • Good Sir, How Can You Help Me With A Toyota Corola To Move On With Cap Buzz,Am A Taxi Driver At Vgc Gadeen Ajah,My Honda Civic Have Engine Problem Please Help Me

    Abiola Sikiru July 27, 2017 7:00 pm
  • Hi everyone. I have a Peugeot 307 saloon car for rent on Uber platform. Interested person in Abuja could contact me on or 08065185172.

    Bisi August 8, 2017 11:54 pm
    • Hi Bisi, thanks. I have shared this with my 4,000 contacts. All the best

      Ethan August 10, 2017 12:19 am
  • This is what I want,thanks for sharing this vital information. I need a car for hire purchase, please how do I go about it. I want to use it for uber

    Chukwudi, August 12, 2017 7:39 pm
    • Hi Chukwudi,

      Thanks for the encouragement. I have included a list of companies you can get a car frm at the bottom of the post. Please have a good read through it.

      Ethan August 13, 2017 2:56 pm
  • Good day am Godwin and on Uber platform and I need a car to drive be it lease or hire purchase thank u

    Godwin Okafor August 12, 2017 10:56 pm
    • Hi Godwin,

      I can include your request in my next mailshot to partners. What is the best number to reach you on, and what area are you based in?

      Ethan August 13, 2017 2:51 pm
  • please also include my request in your next mailshort to partners. Thanks my number is 07060966108.
    Thanks, I want to use uber platform to or hire purchase is OK by me.

    ChuKwudi August 13, 2017 3:06 pm
  • Hello admin.. Many thanks for the good job well done here. please I want to drive for uber and earn living but all I have is my driving skills and driver’s license.. please help me with the breakdown of what to do next..regarding how to get a lease car and be a driver on my own.. please I will appreciate more comprehensive explanation.. sorry for my tautalogical methods.

    martins August 18, 2017 9:51 pm
    • Hi Martins, there are contacts in this post where you can get a vehicle on a contract for your Uber business. Call them and check the costs and monthly payments. Then register with Uber via: You might need to rent a vehicle to drive to get used to the system and get an Uber driver profile rating which could help you in getting a car on a hire purchase contract.

      I actually also extensively covered the registration process here.₦250000-a-month-driving-uber-taxis/

      All the best and let me know if I can be of any further help

      Ethan August 20, 2017 10:53 pm
  • Hello admin.. please am interested in getting a car for lease and become a uber driver in lagos.. please am confused about how to go About it. I have a guarantor in place. please help

    martins August 18, 2017 9:59 pm
  • Please do you know of any reputable car hire purchase company in lagos,am interested in buying a car and putting it up for UBER ,I would appreciate your response on this .

    janet August 24, 2017 2:01 pm
  • i have a 2010 toyota for hire purchase call me on this number if interested 09090142137

    Mr Peter August 25, 2017 1:48 pm
  • I am uber driver and I have interest in hire purchase. I’m looking for partner that have interest to do hire purchase. Thanks this my phone no.08066422828

    Olaleye Alaba September 4, 2017 6:34 am
  • Please, I need an 18 seater Bus for hire purchase. Am an experienced transporter and I will complete the payment on the agreed date by God’s grace. 08064522444 is my number. Thanks.

    Maduka Lawrence September 5, 2017 6:05 am
  • I am very grateful to hear this,please I need a car for hire purchase,to run transport,within Lagos and outside Lagos,pls and I will prefer cars like,Toyota Camry,sunny Nissan,Gulf 3, Mazda 323,Toyota Corola,tax 08062201851

    James Otu September 5, 2017 1:19 pm
  • Good day to you, I need Hire purchase for Uber. Please link me up. I am a lagosian but been in Port Harcourt for years and just relocated to Lagos and I need a daily income . tnx

    Oladimeji Owolabi September 8, 2017 1:45 am
  • Good day to you, I need Hire purchase for Uber. Please link me up. I am a lagosian but been in Port Harcourt for years and just relocated to Lagos and I need a daily income . tnx . my number is 08135250579

    Oladimeji Owolabi September 8, 2017 1:47 am
    • Hi Oladimeji, I will send you a solid contact via e-mail shortly

      Ethan September 18, 2017 1:48 pm
  • I need a Ford Transit bus for hire purchase, its cost about. 1.3million, I can pay above 70k monthly, my number is: 08034646850.

    NOSA U. September 10, 2017 4:19 pm
    • Hi Nosa,

      I can share this with my network. Contact also to see if they have anyone looking to sell a bus of these specs

      Ethan September 18, 2017 1:39 pm
  • I need a Toyota corolla on hire purchase. Am a salary earner and my words accords me the time to do my uber business. I can pay 150k monthly…

    George Agabi September 14, 2017 10:46 am
    • I have a slightly used 2008 Corolla for Hire Purchase, anyone interested will make a deposit of N500,000 and pay N40k weekly for 13 months, if interested please call 08186026093, defaulters/fraudsters should please steer clear. Guarantor is a must.

      Babajide September 16, 2017 7:32 am
      • Hi Babajide, I will send this out to my network and you will start getting calls about this soon.

        Ethan September 18, 2017 1:02 pm
    • Hi George, I’ll share this with my network

      Ethan September 18, 2017 1:07 pm
  • Please which company can I get hire purchase car from for uber

    lucky September 17, 2017 7:05 am
    • Hi Lucky,

      You won’t be able to get one through Uber. There are some companies that offer this service, or you will need to get matched to an investor. Thanks

      Ethan September 18, 2017 12:56 pm
  • I am an active uber/taxify driver on the platform. I need a car for hire purchase, preferably toyota, i presently drive a kia cerato 2007 and its manual transmission car but i need automatic. I am willing to pay 30k weekly for the car. Here’s my number 09092914385. You can either call or chat me up on whatsapp, thanks in anticipation!

    Ochenjele Emmanuel September 18, 2017 10:03 pm
  • Hi Ethan,
    I contacted,they said they can’t be of help..

    NOSA U. September 18, 2017 10:24 pm
  • Please, I need a van for hire purchase, either of; J5, Ford Transit, Fiat Ducato, or Boxer. Its cost about 1.3 million. After negotiations on what to balance, I can be paying 100k per month. My number is: 08034646850. Thanks!

    NOSA U. September 18, 2017 10:36 pm
  • Hello Am A Uber Driver Partner I Need A Car (H.P) Hire Purchase Or Rental But (H.P) Preffareable Pls Contact Me Via Phone: 08089935360 Or 08149291081 Email: Oyenuga68@gmail.Com Thanks, Oluwaseun.

    Oluwaseun Oyenuga September 20, 2017 7:59 pm
    • I’ll pass your details on to someone looking for a driver

      Ethan October 2, 2017 10:11 am
  • A 307 Peugeot manual system car already certified and registered on Uber platform available for rent. Intrested resgitered Abuja area Uber Driver should contact Mr Bisi on 08065185172

    Bisi September 29, 2017 3:13 pm
  • Hi, my name is Shawn one of the uber drivers.recently dropped the car I am using due to some circumstances,how do I get a car on hire purchase because I seriously need to get back on the road?

    Shawn Timi October 3, 2017 2:55 pm
  • Hi, my name is Prince , I need a higher purchase car for uber service, Pls I need your help. Tel. 07032558925. Thanks

    Amadi prince October 7, 2017 8:21 am
  • Hello,
    My name is olamilekan. Please I need a hire purchase car for uber. (Toyota corolla) here is my contact

    Olamilekan October 8, 2017 5:12 pm
  • Hi bro. Great work, really relevant. Pls I want to know if I can use a Ford edge 2008 for Uber ride in Lagos. A friend who stays abroad left one here unused, since am not always busy I thought to get it from him for commercial purposes. Don’t have the cash to pay though, so I’d also know if it’s ideal for Uber, can you get someone to help me buy the car while I pay the hire purchase installments. Its in perfect condition and cheaper than the real market value. Thanks.

    Kamsi October 10, 2017 8:50 am
  • hello I’m folarin I need a car for uber driver either rental or hire purchase my contact is 09091239319

    folarin aluko October 12, 2017 10:28 am
  • Hello Am A Uber Driver Partner I Need A Car (H.P) Hire Purchase Or Rental But (H.P) Preffareable Pls Contact Me Via Phone: 08089935360 Or 08180090896 Email:
    Oyenuga68@gmail.Com Thanks,

    Oluwaseun Oyenuga October 13, 2017 7:04 pm
  • Hello my name is olakunle a registered uber driver,pls i need a car for rentage or hire purchase,preferably toyota corolla (2008) can contact me on 08028034000,08113828215.thanks

    olakunle ope October 13, 2017 11:18 pm
  • Hello Am A Uber Driver Partner lagos I Need A Car (H.P) Hire Purchase Or Rental But (H.P) Preffareable Pls Contact Me Via Phone: 08089935360 Or 08180090896 Email:
    Oyenuga68@gmail.Com Thanks,

    Oluwaseun Oyenuga October 14, 2017 7:41 am
  • Hello please I need a H.P car for Uber. Thanks

    Ademola October 16, 2017 9:44 am
    • Hi Ademola,

      Are you a registered driver with a good rating?

      Ethan October 16, 2017 11:15 pm
      • I am a registered driver on the platform am waiting to get a car for inspection. 09068181813

        Ademola October 17, 2017 4:49 am

Leave a Comment

Your email address will not be published. Required fields are marked *