Who is Rapyd Cars?
Rapyd Cars is an innovative Auto finance company that specializes in providing vehicles for smart and hardworking commercials drivers who want to own their own cars and work for themselves.
What type of cars do you have?
We have Pontiac Vibe, Toyota Matrix, Toyota Corolla, Honda Civic, Toyota Camry. The year of Manufacture ranges from 2003 – 2007. These car models were selected based on our research, and are best suited for commercial use in Nigeria.
Are the cars Nigerian or Foreign used?
All our Cars are Foreign Used. We do not offer Nigerian Used Cars unless when a vehicle is being reassigned to a new driver.
Do I have the option to choose the type of car I want?
Yes, but this is from a list of cars that we have available at the time a driver’s application was processed.
How much do I have to pay tp own the car?
The final price repayable on each cars vary, as this is dependent on the choice of car you desire to own. On a general note, all our cars are between N3,500,000 – N4,000,000 Naira. This means we do not have a car for less than 3.5 million naira or a car above 4 million naira.
Is making a down payment necessary?
Yes, we require a 10% down payment of the total value of the car before it can be picked up by the driver.
What is the mode of repayment, weekly or monthly remittance?
Weekly payment of N25,000 or more.
I don’t have an account with Bolt or Uber, can I still register and get a car?
No, you must have active Bolt and Uber accounts before we assign a vehicle to you.
Which locations does your services cover?
Abuja and Lagos. Other states coming soon.
How long do I have to work with your car before it becomes mine?
This depends on your devotions and desire to own the own car. Our contract is for 140 Weeks (including Saturdays and Sundays). Bulk and advance payments are accepted. Any additional time after 140 weeks would attract an interest on what is left.
What measures are in place against theft and accidents?
Our cars are secured with Auto tracker and comprehensive Insurance.
Can my contract be terminated, and the vehicle repossessed?
Yes, amongst other reasons like failure to remit, other reasons as to why a contract can be terminated are fully stated in our policy agreement.
Can I change my vehicle if I don’t like it anymore?
No, our vehicles are not changeable once an agreement has been signed otherwise all previous payments will be forfeited.
Can I collect the car in my name and give to someone to drive for me?
No, this would attract an instant termination of your contract and all previous payments forfeited.
Who can be my Guarantor?
We require a minimum of two Guarantors who must be of reputable character without any criminal records. They can be either or both Civil servants of Grade level 12 and above, business owners with evidence of landed property owned within the City where they would function as your Guarantor.
Who pays for the vehicle registration, tracking and insurance?
Rapyd Cars handles the vehicle registration, tracking and insurance for the tenure of the agreement.
Who handles the cost and maintenance of the vehicle?
The driver handles all maintenance regarding the vehicle, and this is done to the standard set by Rapyd Cars. Periodic inspections are scheduled to ensure the standards are adhered to.
How long does it take for me to get a car from Rapyd?
15 working days if the documents submitted are confirmed to be authentic. However, there are other factors that could affect the duration it takes for us to provide a vehicle for you. We do not make promises, but we work as ‘Rapydly’ as possible.
Can I use the car for private use and other purposes outside ride hailing?
No, our cars are strictly for e-hailing and commercial purposes. Our aim is to help hard working commercial drivers be their own Boss.
Are there other fees I need to pay when I am done paying for the vehicle?
No, there are no hidden fees or charges except for the amount agreed on. You only need to do a change of name with the original vehicle documents and the car is yours ‘Rapydly’.
How can I register?
We receive thousands of requests weekly, and we serve based on first come basis. Kindly fill the waiting list form on this website and we’ll get back to you. Please note that our application forms, verification of your documents and your guarantors cost N10,000. This is a non-refundable fee and does not guarantee that we will give you a vehicle but only gets you on a queue with other potential drivers