Posted by Caleb on
The answer is really quite simple - a brand new Kia Cerato cost N3,5m in early 2015 and today the same car retails at N7m. Existing partners who benefited from the lower priced vehicles are able to drive sustainable economics based on an initial vehicle cost of N3,5m however new partners will be required to buy the same vehicles for over double the cost.
As a result we have introduced UberSELECT for newer vehicles and opened up the minimum requirements to accommodate the changing foreign exchange marketplace. In addition to this, Lagos State government has also made an exception and accepts vehicles up to 12 years from the date of manufacture.
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