Business Contract Purchase

A Business Contract Purchase is a flexible agreement that can be adapted to suit your needs. It is available for employees within a business account or business guarantee.
You can apply for any eligible EV that your bank will finance. Choose your annual travel distance and contract duration, and rent the EV during the contract period. At the end, you have three (3) choices:

1. Make an Optional Ownership Payment in order to own the EV.
2. Return the vehicle with no further payments IF the annual travel allowance has not been exceeded and there is no damage to the vehicle beyond reasonable wear and tear.
3. Part exchange the vehicle for another eligble EV.

How It Works

1. Customer signs up for EMII Membership.
2. Customer selects an eligible EV. Secure it with a refundable ₦100,000 Deposit.
3. Customer agrees Business Contract Purchase terms including the Optional Ownership Payment, and makes an Initial Rental Payment of about 20% of the vehicle retail value.
4. Customer pays closing fees including sales and financing fees, and a RiCare EV Maintenance plan. Together with the deposit, initial rent, and closing fees, the Customer can expect total Prepayments of 25% of the vehicle retail price.
5. (Optional): If this is a pre-order, the vehicle procurement and associated shipping and handling will then be handled on behalf of the Customer. In the meantime, why not choose your EV Charging plan?
6. Customer makes regular payment deductions on bank account for the balance of payments. These deductions, together with the Prepayments, pay off the anticipated depreciation of the vehicle over the contract period.
7. Conclusion: At end of the contract period, Customer returns the EV, or
   Exchanges for another eligible EV, or
   (Optional) pays a Guaranteed Final Payment Value to own the EV.