Step-by-Step Guide to Getting a Mini-Bus on Hire Purchase in Lagos

Let me share a simple way to start your own transport business with a low deposit. I used to think only wealthy people could buy buses since prices run into millions. But after talking to drivers, union members and an operator with five buses, I discovered hire purchase is the key. You don’t need full payment upfront. Here’s how it works: pay a deposit (₦500k–₦2M), then make daily or weekly installments (₦15k–₦40k). A trusted guarantor signs for you and once you finish payments, the bus is yours. The best place to find deals is at major parks like Mile 2. Talk to union officials for real opportunities. Be prepared to monitor operations closely. Drivers can cause losses if you’re not vigilant. On average, you can gross ₦30k–₦70k daily. After fuel, driver pay and union fees, you may clear ₦10k–₦25k per day. That can add up to over ₦300k a month if you stay committed.

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