Hire Purchase
Get the car, bike, or tricycle you need today and pay in convenient monthly installments.
With RidesRoompa Hire Purchase, ownership is easy, fast, and affordable!
Hire Purchase FAQs
What is hire purchase and how does it work on RidesRoompa.com?
Hire purchase is a payment plan that allows you to take possession of a car, tricycle, or motorbike while paying in installments over an agreed period. Full ownership is transferred after the final payment.
What types of vehicles are available on RidesRoompa hire purchase?
We offer a wide range of vehicles including cars (sedans, SUVs, etc.), tricycles (Keke Napep), and motorcycles (Okada), depending on availability and location.
Who is eligible to apply for hire purchase?
Applicants must be at least 21 years old, have a valid means of identification, proof of income or guarantor, and agree to the terms and conditions of the hire purchase agreement.
What documents do I need to apply for hire purchase?
Required documents typically include:
Valid ID (National ID, Driver’s License, etc.)
Recent passport photograph
Proof of income or guarantor’s details
Proof of residence
Completed application form
How much is the initial deposit for hire purchase?
The initial deposit varies based on the vehicle type and seller’s terms. Generally, it ranges between 20% to 40% of the total vehicle price.
What is the repayment period for hire purchase?
Repayment periods typically range from 6 months to 24 months, depending on the agreement with the vehicle provider.
What happens if I default on payments?
If you miss payments, late fees may apply. In cases of prolonged default, the vehicle may be repossessed according to the terms of the agreement.
Can I choose the vehicle I want for hire purchase?
Yes, you can browse available listings and choose the vehicle that suits your needs and budget. However, hire purchase availability depends on the seller’s terms.
Is insurance included in the hire purchase agreement?
Insurance is not automatically included unless specified. Some providers may require you to have basic third-party or comprehensive insurance.
How can I apply for hire purchase through RidesRoompa.com?
Simply click on the Get Started button under your preferred vehicle, choose a vehicle, fill out the application form, and upload your documents. Our team will contact you for the next steps.
Have a vehicle for hire purchase?
Fill this form and our team will contact you to complete all necessary processes and put your vehicle on our platform