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Bank loan · Cars

AltDrive

Bank financing for new electric and range-extender cars. Pay outright, over four months, or spread payments over up to five years. A home wallbox charger is included.

Apply on AltDrive's website

Terms

Deposit
10% for an outright purchase. AltDrive's application form asks for at least 15% on instalment plans.
Cost
18% a year. The final plan depends on their assessment.
Term
4, 12, 24, 36, 48 or 60 months
Repayments
Monthly

Servicing is not included; AltDrive refers you to partner service centres. Trade-ins are valued case by case. Several cars in the range are range-extender or plug-in hybrids, not pure electric.

How it works

  1. 1Choose your car and book a viewing or test drive in Lagos or Abuja.
  2. 2Share your details on the reservation form.
  3. 3Get your plan: outright, a 4-month instalment plan, or buy now and pay later over up to 5 years.
  4. 4Make the first payment.
  5. 5Collect the car. A home charger is installed and AltDrive explains charging and care.

Cars from AltDrive (21)

Estimate your repayments

Estimated monthly repayment

₦1,834,675

for 60 months after a ₦12.8m deposit

Deposit
₦12,750,000
Amount borrowed
₦72,250,000
Interest
₦37,830,508
Total you pay
₦122,830,508

An estimate on a reducing balance, the way AltDrive's own calculator works. Lenders may add insurance, fees or a different rate after assessing you. Running costs are separate: see the ownership calculator.