DO YOU WANT TO RENT CAR? check out 8 Best Vehicle Leasing Companies In Nigeria

A common kind of auto finance called a car lease enables you to “rent” a car from a dealership for a set period of time and number of kilometres. A car is normally leased from a dealer, who gives you access to the vehicle in return for regular lease payments. If there is a buyout provision in your lease, you can choose to keep the automobile rather than return it to the dealer at the end of the term.

Car leasing has grown immensely in the past decade. Most people have seen it as an alternative to outrightly buying a vehicle and enjoying the privileges and benefits that come with the lease. However, there are some restrictions put in place. There would also be a means of consideration, in essence, to the lease. The lessee is required to pay a stipulated monthly amount to the financier or dealership until the lease expires. The only cogent difference between an auto lease and an auto loan is with respect to ownership. The endgame as is devised with an auto loan is to become the owner of the vehicle after the loan has been paid off, while leasing is merely a temporary usage of the car until the lease expires.

One of the aspects that makes people go into leasing is finance. It is quite difficult these days to raise money to buy a new car, and not only that, the interest rates placed on auto loans have become almost outrageous. Leasing serves as the safest option, especially for those who don’t want to break the bank to drive the car of their choice. Vehicle leasing companies provide this service.

These leasing companies, most of the time, are dealerships, but it is not always the case. They are institutions whose focal point is leasing alone, not only in vehicles but in other objects such as ships, aeroplanes, and other equipment.

You are probably on the lookout for a leasing company where you would like to have your next auto lease. We have composed a list of the best vehicle leasing companies in Nigeria where you will get your money’s worth.

C&I Leasing Plc

This company provides financing and leasing services with their main focus on marine and ship management and sourcing, receiving licensing from the Central Bank of Nigeria (CBN). The most interesting fact about them is that, through a partnership with a car rental company in the United States (Hertz), auto leasing has been made available for both individuals and institutions, on a short- and long-term basis, or criteria. 

Another factor that makes them worth looking up is that they have a large collection of cars available for leasing, both brand new and pre-owned, giving you a choice if you wish to have their services of chauffeurs or other personnel. Their website provides more information on the services that they offer the public and how you would be able to become one of their customers if you wish. (https://www.c-ileasing.com).

Lambic Technical & General Services LTD

This is one of the more popular leasing companies in Nigeria. They mostly deal in the oil and gas sector, but they are also in the business of offering leases in other aspects, such as all kinds of vehicles you require and building equipment. Their operations are generated internationally, conducting business with other national and external institutions.

Fleet Partners

The company was named the finest leasing firm in the nation by the Global Banking and Finance Review.

Asset leasing, management, and fleet technology are their areas of expertise. Fleet Partners’ leasing solution has been created in a way that makes payment incredibly convenient and resourceful.

The business effectively manages the assets and vehicles of its various clients by combining their knowledge, experience, and professionalism. 

This company can boast of its high rate of clientele, and this is not surprising as, according to their website, not only do they allow for discounts, proficient tax savings, and reduced administrative risk, but their required payment can meet the budget of any prospective customer. They are also into car rental, and their available vehicles are new and in the top and exquisite shape. You can reach them on their website

Aquila Leasing Ltd

This is another company with a distinguished clientele. Their main focus is on IT hardware, industrial materials and equipment, vehicles, trucks and SUVs, and generators. The company is in a class of its own as it has alluded that it would cover maintenance costs for their auto leasing, which is highly commendable because what is usually gotten is that it is the lessee who is meant to maintain the vehicle and additional costs would be sustained in the lease if there is any wear and tear to the vehicle. They also provide insurance coverage and other cost-efficient services.

Rosabon Financial Services, Inc.

This is one of the top organizations in the nation for equipment leasing and financial intermediaries.NRosabon is renowned for providing a variety of leasing items, including everything from cars to home appliances. Additionally, these things are relatively inexpensive, and buying them is a simple process.

Rosabon primarily offers two different types of leases. The first is the Rosabon Consumer Lease, which gives you the money you need to pay for products like office supplies and home appliances. There is also the Rosabon Operating Lease, which offers fleets of vehicles to businesses for marketing purposes.

Globe Leasing

For business clients, Globe Leasing provides top-notch fleet management services. The company offers vehicles on a fixed-tenure basis, which is a great option for a company that would rather not incur the costs associated with acquiring and maintaining its own fleet. There is an alternative for an increase in cash flow as they offer different monthly payment methods. They provide two different car leasing options: Running Lease; The client uses the car for a predetermined amount of time, after which Globe Motors retains ownership of the car. Acquire lease; 

At the conclusion of the predetermined term, the client pays for the purchase of the car.

JUBAILI BROS

A division of the Lebanese Jubaili Moukarim Group is called Jubaili Bros. Their leasing division is concerned with providing electricity to people or organizations for special occasions or backup emergency needs. They also lease a variety of other services such as generators, fuel tanks, and power cables. While they also provide services for car rental and leasing, their main focus is on electricity sources. Jubaili is one of the top companies on many people’s minds when they need to locate power sources for rent or lease because of how easily their equipment is accessible. 

Additionally, their equipment is warranted to operate at peak efficiency. This is also related to their vehicles. Maintenance costs can be covered depending on the type of lease you acquire.

Avis International

In addition to being the top leasing company in the nation, Avis is also a reputable firm on a global scale. They currently offer over 10,000 rental sites spread over more than 175 nations. Their fleet management service is highly renowned in Nigeria. Because of this, the business has been able to keep its place among Nigeria’s top leasing organizations with high-profile clientele like Mobil, FCMB, and Google.

Conclusion

When you decide that you want to take the leasing route, make sure you do the appropriate research on what suits you financially. Take note of the restrictions placed by the leasing company. If that restriction is plausible for you to accomplish, take note of other maintenance costs. Look out for cost-advantageous services from the company you wish to lease from, such as insurance and warranty coverage.