Once he completes the payment, the keke becomes his. This is when you buy the keke and give it out to a driver and reaching an agreement for him to pay at installments for the keke napep. Purchase for hire. The remaining 6 months, he will complete the payment with the remaining N260,000. Which ever method you want to use to make money with Keke Napep, your profit is sure. You can get finances from banks, co-operatives and NGO organizations to fund the purchase of your Keke … Use a trusted mechanic to check and evaluate the keke before purchase. They will keep on paying regularly until the initial sum invested and some interests have been paid. The owner of the tricycle will give you a target, maybe on a weekly or monthly basis. 8. It's a No no. Thus, there are two elements of ‘hire’ and ‘purchase’, involved in hire purchase agreements. International Business. A hire purchase business involves giving out a business to another party on agreement that plan ... How To Start Hire Purchase Business: Okada, Keke Napep, Car, Danfo Bus, Trucks . They will keep on paying regularly until the initial sum invested and some interests have been paid. If you don't have enough funds, you can also opt for the hire purchase option. See the list below to know how you can buy and even make money from it. Ogbodo had reportedly bought tricycles for other people on a hire purchase arrangement. Before you buy a tricycle, use a keke mechanic for inspection as it is in a good position to advise you whether they are buying or not. In fact, I hope to buy another Keke now that our monthly allowance N33,000. Under the hire-purchase option, more profits are made with more keke NAPEP’s sold out, but of course your capital requirements are greater. If you cannot oversee the aforementioned business, you can begin a Tricycle hire purchase service where you purchase a number of tricycles and give to the Keke Napep riders associations or a particular Keke rider. Meanwhile, the PPRO said that the suspect was already helping the police in its investigation and would be charged to court soon. 3.3. In this form of investment, your money is working for you while you are thinking of other ways to make more money you are getting from your hire purchase business. Motorcyle / Keke Napep Financing. 1.3 STATEMENT OF HYPOTHESIS. Keke NAPEP has significantly reduced poverty among its operators. In the hire purchase system, you'd pay for the Keke NAPEP in regular instalments while having the use of it. keke rent in oyo. TVS keke Napep is the best type, the parts are readily available and cheap. He was to repay the sum of N1,000,000 within a period of one and half year according to the hire-purchase agreement he signed. Get a Keke napep on high purchase. 2 Hire-Purchase Agreement If you cannot afford to buy goods for cash, you may be able to buy them on credit. The suspect, according to the police spokesman, killed the deceased because she refused to purchase a tricycle for him. Do you have enquiry or support question? Getting a purpose driven and vision oriented person to hand over the Keke-Napep to on hire-purchase terms wont be a problem. This way, you can earn so fast as the driver would like to meet with the deadline. The discouraging side of this business is that keke parts do not need cars and other engine equipment. The agreement is specific to the tenant and the tenant`s rights are not transferred or questionable by the tenant for the benefit of third parties. 3. The rider makes a return of 18k-20k every week to the assets owner for second hand keke. ibadan keke napep hire purchase. victorsmeu. There are generally two ways of paying a keke Driver. 1. hire purchase:this is when you buy the keke and give it out to a driver and reaching an agreement for him to pay at installments for the keke napep. 8. Keke Napep Current Prices in Nigeria 2020: Actually, a new Keke Napep is sold at from N500,000 to N850,000 in Nigeria. rent keke today. It is generally advisable to go for second hand Keke Napep sometime, but considering the money involved – probably you don’t have enough cash to purchase a new one, you can decide to go for fairly used which costs around N180,000 to N240,000. High purchase in Nigeria is when you take a product (on credit) with a standing agreement to remit a certain amount of proceeds daily till you pay up. 4. You earn a lot with this and the driver will take good care of the keke because it would one day be his own. Sometimes, it is advisable to go for second hand Keke Napep, but considering the money involved, you can decide to go for fairly used which costs around N180,000 to N240,000. vehicle purchase agreement prepare your own legal forms Sep 19, 2020 Posted By Edgar Wallace Library TEXT ID f55c6de1 Online PDF Ebook Epub Library you fill out a a bill of sale is often used with a purchase agreement to conclude the sale and transfer the title to the purchaser either a purchase agreement … Recovered from the suspect were iron cutter, tricycle and motorcycle. The Keke driver will run the Keke on a hire purchase written agreement of N900,000 for a year and 6 months. You can either drive the Keke yourself or hire someone to ride it and remit some of the proceed based on agreement. So help you whatever you believe in. Some drivers, in order to own one, work for it on hire purchase – a system where they ride one for a given period of time, pay the owner, and then they are handed possession of the tricycle. You'd then have to pay for the tricycle till you reach the agreed amount. In the event of the hiring being determined by the hirer or by the owner Keke NAPEP is not expensive to maintain and operate. how much to hire keke in oyo – what is the price to rent keke for some time in ibadan oyo state. AGREEMENT FOR HIRE PURCHASE OF A VEHICLE WITH A FINANCIER AND A GUARANTOR THIS AGREEMENT made on this _____ day of _____ between _____ a company registered under the Companies Act, 1956 and having its registered office at_____ hereinafter referred to as "the Owner" (which expression shall unless repugnant to the context or meaning thereof include its authorised representatives, … Know your consumer rights’ Office of The Consumer Protector. Import a New Keke or Buy Here in Nigeria Keke Napep Hire Purchase Agreement 11 december 2020 / in / door @Essien Idioke, please enter it on a higher purchase, 1.1m is not bad. Hire-Purchase Agreements (Or Instalment Sale Agreements) ‘Speak to us. Get a Reliable Buyer To purchase successful in the hire purchase business, plan need hire hand over your property to a hire and reliable person. Also cost efficient. This was to serve as a strategy to convert area boys from idlers to a productive work force. Contact Get In Touch. 9. Hire purchase 2. 3. You Can Go for Second-hand Keke Napep. Hire Purchase. Note: payment on hire purchase is all based on negotiations. phone number of people who want to rent out their kekes on hire purchase. Perhaps, the high cost of acquiring a Keke NAPEP is tied to the fact that they are predominately imported from India and other Asian countries. With the money the driver brings each week, you can pay the owner. How To Write Agreement In Hire Purchase Of Keke. He remits N10,000 to me weekly. keke hire purchase price. units of green colour tricycles with the inscription Keke NAPEP as a commercial means of transportation in the Federal Capital Territory FCT Abuja. 3. The following hypothesis will be tested at 0.5 significance: 1. The hirer pays consideration in instalments and becomes the owner of the goods after paying the last instalment. Weekly account is between #25,000-#30,000 for brand new. Hire purchasing is a business arrangement which allows a keke driver possess and control your vehicle for an agreed term, while paying towards the purchase of the keke in regular instalments. We are ready to provide Hire Purchase financing. Do you wish to own a Motorbike or Keke Napep and don't have the capital to purchase one? He explained further that, the businessman gave him the keke in February 2017 which he had just repaid N220,000 out the N1,000,000. I will never advice you to give your keke napep based on returns of Daily Balance. Keke NAPEP for hire purchase. If you have up to 3 keke tricycke in a year, you would have saved 1m stress-free. 4. Now, lets break down these methods to earn profit from Keke Napep business and how much you can make: Driving it by one self. Hire purchase agreement is an agreement of purchase - where the goods are let out on hire by the seller to the user of these goods (hirer). The agreement is personal to the hirer and the rights of the hirer shall not be assignable or chargeable by him in favour of third party. The only thing is that you'll likely pay higher than the actual cost of the tricycle. Also, the introduction of “Keke NAPEP” was a strategy by the Government to meet the ever-increasing demands for public transportation in Nigeria. Startup Costs for Keke NAPEP Business. We also engage in International Business such as importation of goods and services abroad. 4. The Keke NAPEP Tricycle price and the dealers locations. Hire Purchase Agreement For Keke. Avoid inexperienced mechanics. Profits in Keke Hire Purchase Business. Brand of Keke Napep to Buy I can only speak for Kaduna, Kano, Kastina and Niger. Starting this transport based business depends on your preferred choice as stated above. 1. Daily Balance I believe the two need no explanation just little extra tips. ... you can make a profit of between N50,000 and N 150,000 in three to six months higher purchase duration depending on the hire purchase agreements. 6. bella.mark | 2020-12-10 | 0 hozzászólás. The fee should factor in depreciation of the keke and interest to cover your initial capital cost. 5. 2. “We sell stolen Keke Napep between N75,000 to N80,000, while motorcycles are sold between N30,000 to N40,000.” The owner of the motorcycle, Nduka Oyekachi Innocent, who was alerted of the theft and invited to the RRS Office, said: “I parked my tricycle in my compound at 49, Falana Street, Iyana-Ejigbo, and went to bed. In this article, you are going to find out where you can get brand new Keke. What are the contributory effects of road network, traffic and transport officials of keke NAPEP? Since its introduction, the Keke NAPEP has come become a source of income for many Nigerians. I gave it to a trusted hand, though on agreement; it’s on hire purchase. The new one is very good but note that you can go for fairly used instead of brand new Keke. terms or conditions of this agreement shall prejudice the rights of the owner hereunder. Registration for the keke and other things will cost #50,000. Hold a little for yourself until you have completed the lender`s payment. An average keke rider will make at least #6,000-#8,000 daily. At the end of the year, he would have remitted N520,000 to your account. The new one is very good but note that you can go for fairly used instead of brand new Keke. Once he completes the payment, the keke becomes his. You Can Go for Second-hand Keke Napep . 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