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Car Financing

Our Financing Process
3 steps to getting car financing from Johnsons Ride.

1. Car Specification and Inspection

  • Contact us with your desired specifications
  • select preferred car and align on price
  • pay a non-negotiable fee of ₦15k
  • Receive the inspection report

2. Documentation and Credit Review

  • After paying for the inspection report, we send you our forms for completion
  • We send you a schedule of estimated monthly payment
  • We receive all documents and perform our credit analysis 

3. The Offer and Remittance

  • Upon a favourable analysis, we send the offer letter
  • Client reads and signs appropriately
  • Account details are shared for upfront payment
  • Afterwards, about 2-3 days are used for car registration, car tracker installation, and insurance completion.
  • Client receives the car and repayment begins next month. 

1. Car Specification and Inspection

  • Contact us with your desired specifications
  • select preferred car and align on price
  • pay a non-negotiable fee of ₦15k
  • Receive the inspection report

2. Documentation and Credit Review

  • After paying for the inspection report, we send you our forms for completion
  • We send you a schedule of estimated monthly payment
  • We receive all documents and perform our credit analysis 

3. The Offer and Remittance

  • Upon a favourable analysis, we send the offer letter
  • Client reads and signs appropriately
  • Account details are shared for upfront payment
  • Afterwards, about 2-3 days are used for car registration, car tracker installation, and insurance completion.
  • Client receives the car and repayment begins next month. 
What You Need To Know
Payment details and documentations

Total Upfront payment

  • Equity contribution – minimum 30% of car value
  • Credit check Report –  12,000
  • Management fee – 1% of lease amount
  • Legal Fee – 1% of lease amount
  • Comprehensive car insurance – 4% of car value
  • Car registration – 50,000
  • Car Tracker – 28,000
  • Lease back fee – 1% of Lease amount. This is a one time fee paid only at the last month of repayment. It is added with the repayment for the very last month.

Total Upfront payment

  • Equity contribution – minimum 30% of car value
  • Credit check Report –  12,000
  • Management fee – 1% of lease amount
  • Legal Fee – 1% of lease amount
  • Comprehensive car insurance – 4% of car value
  • Car registration – 50,000
  • Car Tracker – 28,000
  • Lease back fee – 1% of Lease amount. This is a one time fee paid only at the last month of repayment. It is added with the repayment for the very last month.

Required Documents List:

Kindly email thejohnsonsride@gmail.com with the following documents

  1. One passport photograph
  2. Photocopy of a valid ID – International passport/Driver’s Licence/Voters card
  3. Utility bill – not older than 3 months
  4. One year bank statement
  5. Post-dated cheques for the repayment period
  6. Guarantor’s check
  7. Employment letter {for salary earners}
  8. Office ID {for salary earners}
  9. CAC documents {For Corporates}
  10. Corporate Profile {For Corporates}
  11. Cashflow projection for repayment period {For Corporates}
  12. Business plan/feasibility studies {For Corporates}
  13. Passport Photograph of one director {For Corporates}

Required Documents List:

Kindly email thejohnsonsride@gmail.com with the following documents

  1. One passport photograph
  2. Photocopy of a valid ID – International passport/Driver’s Licence/Voters card
  3. Utility bill – not older than 3 months
  4. One year bank statement
  5. Post-dated cheques for the repayment period
  6. Guarantor’s check
  7. Employment letter {for salary earners}
  8. Office ID {for salary earners}
  9. CAC documents {For Corporates}
  10. Corporate Profile {For Corporates}
  11. Cashflow projection for repayment period {For Corporates}
  12. Business plan/feasibility studies {For Corporates}
  13. Passport Photograph of one director {For Corporates}
Frequently asked questions

With a minimum of 30% of the value of your desired car from our fleet of vehicles, you can obtain your dream car with The Johnsons Ride.

Repayment for the Vehicle can be spread for a maximum period of 24 months

The Johnsons Ride Financing Scheme is open to both salary earners and business owners.

The Johnsons Ride currently sells top quality Brand New, Foreign Used and Nigerian Used Cars, Buses and Trucks. We retail reliable international brands such as Toyota, Lexus, Hyundai, Honda, Ford, Nissan, Volkswagen, Tesla, Land Rover, Range Rover, Acura, Audi, Dodge, BMW, Infiniti, Jeep, Mazda, Subaru, Mercedes-Benz, Kia and many more. All our vehicles go through a rigorous diagnosis and certification process before they are placed for sale.

Yes you can. Please place a call to our customer service team for more details.

Our prices are slightly negotiable. However, be assured that our prices are very competitive and always below the average dealership price list.

Yes you can have a test drive with a valid driver’s license. Kindly call our customer service team to book a test drive.

The Johnsons Ride Referral Scheme is our way of showing appreciation to everyone who becomes a part of our story. For more information, please Contact us

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