ABOUT CARCELERATE
We finance vehicles for the people who drive them for a living.
Not for people who want a second car. For the man whose income stops the day the vehicle stops.
- 214 vehicles on the road
- 3 offices in Lagos
- 96.4% collected on the due date
- 2024 year we started
WHY WE EXIST
Most drivers in Lagos are renting forever.
The problem
A driver pays ₦8,000 a day to a vehicle owner. In three years he has handed over more than the vehicle is worth and owns nothing. If he stops driving for a week, he still owes. If the vehicle breaks, he still owes.
What we changed
The same money, but it ends. Thirty-six payments and the vehicle is registered in his name. The amount is fixed on day one and never moves. Insurance and tracking are inside it, not billed separately.
Why it has to be built carefully
Drivers in this market have been burned. A previous operator takes the car back with no warning, or the monthly figure quietly changes, or a fee appears that nobody mentioned. Every decision in this business is made against that memory.
WHAT MAKES US DIFFERENT
Four things we do that the rest of this market does not.
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The figure never moves
The monthly amount on your offer is the amount for all 36 months. It does not follow fuel, or the naira, or anything else.
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We say what happens before it happens
Every stage of your application is named, dated, and says whether you need to act. No 'under review' with no date.
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We come to the park
Korope operators cannot fill in a form on a phone. A staff member sits with them and does it, and the driver still approves everything himself.
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Nobody takes a vehicle quietly
A call, a message and a written notice, and thirty days, before recovery begins. It is in the agreement, not just on a website.
THE COMPANY
Who you are actually dealing with.
You are about to commit to paying us for three years. You are entitled to know exactly who we are before you do.
- Registered name
- Carcelerate Nigeria Limited
- RC number
- 1892044
- Registered address
- 9 Kudirat Abiola Way, Oregun, Ikeja, Lagos
- Data protection
- Registered with the Nigeria Data Protection Commission
- Insurance partner
- Leadway Assurance
- Payment partner
- Paystack, for direct debit collection
- Credit bureau
- CRC Credit Bureau
- Started trading
- 2024
THE PEOPLE
You can walk in and meet any of them.
We are not a website with a phone number behind it. There is an office, with people in it, at the address above.
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Managing Director
Sets what the business will and will not do.
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Head of Credit
Decides who we can responsibly lend to.
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Head of Operations
Owns the vehicles, the fleet and the handovers.
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Head of Customer
Answers to the drivers, not to us.
Come and see for yourself.
9 Kudirat Abiola Way, Oregun, Ikeja. Monday to Friday, 08:00 to 17:00. Saturday, 09:00 to 14:00. No appointment needed.