About Balance and Carry

Empowering Nigerians through accessible vehicle ownership

Our Mission

To democratize vehicle ownership in Nigeria by creating a trustworthy marketplace that connects vehicle owners with hardworking drivers seeking to own their vehicles through manageable weekly payments.

We believe that every Nigerian who wants to own a vehicle should have the opportunity to do so, regardless of their current financial situation. Through our hire-purchase model, we're turning this dream into reality for thousands of drivers across the country.

Our Vision

To become Nigeria's most trusted vehicle hire-purchase platform, facilitating over 100,000 successful vehicle ownership transfers by 2030.

We envision a Nigeria where transportation entrepreneurs can easily access the vehicles they need to build their businesses, create employment, and contribute to economic growth.

Our Story

Balance and Carry was born from a simple observation: thousands of skilled Nigerian drivers wanted to own their own vehicles but couldn't access traditional financing options. Banks required collateral they didn't have, and informal arrangements often led to disputes and unfair terms.

Our founders, having witnessed these challenges firsthand in Lagos, Abuja, and Port Harcourt, decided to create a platform that would benefit both vehicle owners looking for reliable income and drivers seeking a path to ownership.

Today, Balance and Carry operates across major Nigerian cities, with a growing community of satisfied vehicle owners and proud new vehicle owners who completed their hire-purchase journey with us.

Our Core Values

The principles that guide everything we do

Trust

Building lasting relationships through transparency and honesty

Fairness

Creating agreements that benefit both drivers and vehicle owners

Community

Supporting our members throughout their ownership journey

Empowerment

Enabling economic independence through vehicle ownership

How Balance and Carry Works

For Drivers

  1. Create an Account
    Sign up and complete your profile with basic information
  2. Pay Onboarding Fee
    One-time fee of ₦10,000 - ₦30,000 to verify your commitment
  3. Upload Documents
    NIN, guarantor information, and police report
  4. Browse & Apply
    Find a vehicle that fits your budget and apply
  5. Make Weekly Payments
    Pay your agreed weekly amount via Paystack
  6. Own Your Vehicle
    Complete all payments and receive full ownership!

For Vehicle Owners (Listers)

  1. Create an Account
    Sign up as a vehicle owner/lister
  2. Pay Onboarding Fee
    One-time fee of ₦20,000 - ₦50,000
  3. List Your Vehicle
    Add photos, details, and set your weekly payment amount
  4. Upload Vehicle Documents
    Proof of ownership, insurance, and registration
  5. Review Applications
    Select the right driver for your vehicle
  6. Receive Payments
    Get weekly payments directly to your account

Frequently Asked Questions

What happens if I miss a payment?

You'll receive reminders before payments are due. If you miss a payment, you should contact us immediately to arrange a solution. Multiple missed payments may affect your agreement status.

How long does approval take?

Once you submit all required documents, approval typically takes 2-5 business days. Complete documentation speeds up the process.

Can I pay off my vehicle early?

Yes! You can make additional payments or pay off your remaining balance at any time without penalties.

What documents do I need?

Drivers need: NIN, guarantor information, and police report. Vehicle owners need: proof of ownership, insurance, and vehicle registration.

Is the GPS tracking mandatory?

GPS tracking is recommended but not always mandatory. It depends on the vehicle owner's preference and the specific agreement terms.

Join Balance and Carry Today

Start your journey towards vehicle ownership or list your vehicle to earn passive income.