Two models.One system.
Put your vehicle to work on a rental arrangement for weekly returns, or place it on hire-purchase so a verified driver works toward ownership. Either way, Proftech manages the system around it.
Vehicle Rental & Fleet Management
The vehicle owner determines the agreed weekly amount payable by the driver. Proftech provides the management structure around the vehicle, including driver administration, monitoring, remittance management, compliance and fleet oversight.
| Item | Rental terms |
|---|---|
| Onboarding & management fee | ₦50,000 |
| Proftech management commission | 20% of agreed weekly remittance |
| GPS tracker | ₦70,000 |
| Insurance | Optional |
| Routine maintenance | Generally the driver's responsibility |
| Weekly remittance | Determined by vehicle owner/partner |
Covers preparation of legal agreements and documentation, vehicle inspection and onboarding, driver documentation and verification, and other administrative onboarding services.
Charged on the agreed weekly remittance. You set the weekly amount; Proftech manages the driver, collection and remittance, compliance, monitoring and fleet administration.
A professional GPS tracker is installed on vehicles under our management, and the owner is given access to monitor the vehicle, including its location.
Hire-Purchase / Vehicle Ownership
Different from rental: a driver operates the vehicle under an agreed payment structure while working toward ownership, subject to the terms of the executed hire-purchase agreement. It starts with a down payment from the driver.
| Item | Hire-purchase terms |
|---|---|
| Onboarding & management fee | ₦200,000 |
| Fee collection | Collectible from driver's down payment |
| Proftech commission | 10% of weekly remittance |
| Total repayment cost | Determined by vehicle owner |
| GPS tracker | ₦70,000 |
| Insurance | Optional |
| Pricing advisory | Proftech can be consulted |
| Typical markup guidance | 50%–70% of initial/purchase cost |
Purchase cost: ₦5,000,000
This example only demonstrates the advisory pricing range. Actual repayment terms depend on the vehicle, market conditions, the driver's initial payment, repayment tenure and the final agreement between the vehicle owner and driver. It is not a mandatory Proftech price.
Side by side
| Item | Rental | Hire-purchase |
|---|---|---|
| Onboarding & management fee | ₦50,000 | ₦200,000 (from driver's down payment) |
| Proftech commission | 20% of weekly remittance | 10% of weekly remittance |
| GPS tracker | ₦70,000 | ₦70,000 |
| Weekly remittance / total repayment | Weekly amount set by owner | Total repayment set by owner |
| Pricing guidance | Not applicable | 50%–70% markup (advisory) |
| Insurance | Optional | Optional |
Commercial terms are subject to the executed agreement between the parties.
Who handles what
Routine maintenance
Routine maintenance and servicing are generally managed by the driver as part of the vehicle's operational responsibility.
Major mechanical issues
Engine problems, gearbox problems, major drivetrain issues and other significant failures are treated separately, according to the applicable vehicle agreement.
Insurance
Comprehensive motor insurance is optional and can be arranged separately by the owner. Cost depends on vehicle type, value, insurer, coverage level and policy terms.
Ten steps from consultation to continuous management
Every vehicle goes through the same documented process, so nothing is left to chance.
Consultation
Discuss vehicle details, owner's objectives and intended operating model.
Model selection
Select Rental/Fleet Management or Hire-Purchase.
Commercial discussion
Agree weekly remittance, repayment structure and responsibilities.
Vehicle inspection
Conduct physical inspection and document vehicle condition.
Documentation
Prepare and execute relevant legal and administrative documentation.
Driver verification
Verify driver identity and documentation.
Guarantor verification
Verify the two required guarantors.
GPS installation
Install tracking system and provide owner access.
Vehicle deployment
Assign approved driver and commence operation.
Continuous management
Monitor remittance, compliance, vehicle status and operational matters.
Let's discuss your vehicle
Every vehicle is different. Expected weekly returns and repayment structures depend on vehicle type, condition, market demand, operating model and your objectives.