FAQs

Who is Rapyd Cars?

Rapyd cars is an innovative Auto loan company that specializes in providing vehicles for smart and hardworking commercial drivers who want to own their own cars and work for themselves.

How much are the cars?

The final price repayable on our cars vary as this is dependent on the choice of car the driver desire to own. On a general note, all our cars are between N3,000,000 – N3,200,000. This means we do not have a car for less than 3 million naira or a car above 3.2 Million naira.

What car models are available and the year?

We have Pontiac Vibe, Toyota Matrix, Toyota Corolla, Honda Civic, Toyota Camry. The year of Manufacture ranges from 2003 – 2007.

Are the cars Nigerian or Foreign used?

All our Cars are Foreign Used. We do not offer Nigerian Used Cars.

Making down payment compulsory?

Yes, we require a down payment of either N100,000 or N300,000 before the car can be picked up by the driver. For N100,000 weekly remittance starts after 1 week and for N300,000 weekly remittance starts after 3 weeks.

What is the mode of payment, weekly or monthly remittance?

Weekly payment of N25,000 or more.

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 received.

Which locations does your service cover?

Abuja and Lagos, , but we are coming to a city near you soon. If you are outside of these locations, you can still apply.

How long do I have to work with your car before it becomes mine?

This depends on the driver’s devotions and desire to own their own car; our contract is for 2 years but can be less if the money is paid off before then.

What measures are place against theft and accident?

Our cars are secured with Auto tracker and Insurance.

How long until I get the car after meeting the requirements and submitting the forms?

7 working days if the documents submitted are confirmed to be authentic and meets our compliance requirements.

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, anything outside is a bridge of our agreement with the driver.