Everything You Need To Know About MotoVest.
Find answers about down payments, weekly payments, driver requirements, vehicle ownership, and the MotoVest application process.
Anyone who meets our eligibility requirements, including a valid driver's license, identification, and the ability to operate on supported e-hailing platforms.
Previous e-hailing experience is an advantage, but it is not mandatory. Every application is reviewed individually.
Yes. Drivers are required to make an initial down payment of 40%–50% of the vehicle value before starting their ownership plan.
MotoVest currently offers the Ford Focus (2015, 2017 and 2018) and the Toyota Corolla 2015, with more vehicles to follow.
After making a 40%–50% down payment, drivers continue with weekly payments based on their city — ₦100,000 per week in Abuja and ₦150,000 per week in Lagos. Every payment brings them closer to full ownership.
Yes. After your initial 40%–50% down payment and successful completion of your weekly payment plan, ownership of the vehicle is transferred to you.
Most ownership plans are designed around 60 weeks, depending on the selected vehicle and payment agreement.
Most applications are reviewed within 3–7 business days depending on documentation.
Our team will contact you to discuss available options. We encourage early communication if you anticipate payment difficulties.
MotoVest provides guidance, maintenance support, and assistance throughout your ownership journey, depending on your selected vehicle plan.
MotoVest currently operates in Lagos and Abuja, with more cities coming soon.
You can contact us through WhatsApp, email, or our support channels listed on the Contact page.
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Still have questions? Our team is happy to help you start your vehicle ownership journey.
