Rent to own · Cars
LagRide Drive to Own
Lagos State's ride-hailing service moves its drivers from daily rental to ownership, backed by a $100 million UBA facility. Eligibility comes from your record driving on LagRide.
Terms
- Deposit
- Reported plans start from a ₦1 million deposit, with larger-deposit plans of ₦5 million and ₦10 million.
- Cost
- Reported: ₦77,000 a day on the ₦1 million plan. Confirm current terms with LagRide.
- Term
- Reported: 18 months to 3 years, depending on the plan
- Repayments
- Daily remittance
LagRide's fleet includes electric cars, but not every Drive to Own car is electric. Ask which models are offered. Plan terms come from press reports, not LagRide's own published terms.
How it works
- 1Drive a LagRide car on rental.
- 2Build a performance and repayment record.
- 3Qualify for Drive to Own; onboarding happens on the 10th, 20th and 30th of each month.