Hire purchase
Own the vehicle you work with
Hire purchase lets you start working with a vehicle now and pay for it weekly. Plans run from 52 weeks (about 12 months) to 100 weeks (about 23 months). After your last payment, the vehicle is yours.
Step by step
How it works
Choose your vehicle
Pick a tricycle and use the calculator to see your weekly payment.
Apply
Apply online or at our office with your ID, BVN and your guarantors' details.
Agree your plan
We confirm your deposit and weekly payment in a written agreement before you sign.
Take delivery
Collect your vehicle registered, insured and tracked, ready to start work.
Pay weekly, then own it
Pay each week. After your last payment, the papers are transferred into your name.
Calculator
Your weekly payment, explained
Prices change with the market, so we give you today's price and work out a weekly plan with you. Ask on WhatsApp, or apply online and we will go through it when we call.
- Weekly payment: the amount you pay every week until the plan ends.
- Hire purchase charge: the cost of paying over time instead of all at once.
- Total you will pay: your deposit plus every weekly payment.
Get today's price and a weekly plan
Ask us for today's price
Prices for the Bajaj RE Tricycle (CNG) change with the market. Send us a message and we will give you the price and a weekly plan that suits you.
Ready? Apply onlineOur promise
Fair, clear and on your side
Everything in writing
Your deposit, weekly payment, number of weeks and any charges are written in your agreement before you sign. Take it home and read it first if you want to.
Payments into our company account only
Pay by transfer into Dreykrown Enterprises' business account shown in your agreement. We will never ask you to pay into a personal account.
If a week gets hard, call us early
Tell us before your payment is due. We would rather agree a way forward with you than chase you. Late payment charges, if any, are written in your agreement.
Finish early if you can
You can complete your plan early. Ask us and we will tell you exactly what is left to pay.
Applying
What you need to apply
- A valid IDNIN slip, driver's licence, voter's card or international passport.
- Your BVNTo confirm who you are. We never ask for your bank PIN or passwords.
- Passport photographsTwo recent passport photographs.
- Proof of addressA recent utility bill or similar for where you live.
- Two guarantorsPeople who know you well, who we can call.
- Where you will workYour park, route or area, and your next of kin's details.
Start your application
Apply online in about 10 minutes. If everything is in order, our sales team will call you to agree your plan.
Apply onlineNot ready yet? We can call you first.
Questions
Hire purchase questions
How does hire purchase work?
You choose a vehicle, we agree a plan with you, and you take the vehicle to start working. You then pay the balance in weekly payments. After your last payment, we transfer the vehicle papers into your name and it is fully yours.
How much will I pay each week?
It depends on the vehicle, any deposit you pay and how many weeks you choose. Use the calculator on our website for an estimate, then talk to us — we confirm the exact amount in writing before you sign anything.
How long can I spread my payments?
You can choose from a few plan lengths. A longer plan means a smaller weekly payment; a shorter plan means you own the vehicle sooner. The calculator shows the plan lengths we offer.
Can I finish paying early?
Yes. Speak to us and we will tell you exactly what is left to pay to complete your plan.
What happens if I cannot pay one week?
Call us before the payment is due. We would rather agree a way forward with you than chase you. Late payments may attract a charge as written in your agreement, and repeated missed payments can lead to the vehicle being recovered, so please keep us informed.
When does the vehicle become mine?
As soon as your last payment is made. We then complete the change of ownership so that the vehicle papers are in your name.
What do I need to apply?
A valid ID (NIN slip, driver's licence, voter's card or international passport), your BVN, recent passport photographs, proof of your home address, details of your next of kin, two guarantors, and where you will work (your park or route).
Can I apply online?
Yes. Choose Apply online, fill in your details and upload a photo of your ID. It takes about 10 minutes. We check your details and call your guarantors; if everything is in order, our sales team will call you to agree your plan.
Who can be my guarantor?
Someone who knows you well, has a valid ID and can be reached by phone. We will contact your guarantors to confirm before your vehicle is released.
Do I need a driver's licence?
If you will drive the vehicle yourself, yes. If you are buying it for someone else to drive, the driver will need a valid licence.
Can I buy more than one vehicle?
Yes. Transport owners growing a fleet are welcome. Tell us how many vehicles you need and we will put a plan together.