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ADEDAYO AREMU AUTOS
BUY • RENT • RENT-TO-OWN • FINANCE
Rental Policy
Everything you need to know before renting a vehicle from us
Table of Contents
This Rental Policy applies to all vehicle rentals through Adedayo Aremu Autos. By completing a rental booking, you confirm that you have read, understood, and agreed to all the terms set out in this policy. Please read it carefully before proceeding.
1. Eligibility Requirements
To rent a vehicle from Adedayo Aremu Autos, all renters must meet the following requirements:
Minimum Age
Must be at least 21 years of age at the time of rental.
Valid ID
Government-issued ID (NIN, International Passport, or Voter's Card).
Driver's Licence
A valid Nigerian driver's licence held for at least 2 years.
Contact Details
A valid phone number and verifiable home or office address.
For renters aged 21–24, a Young Driver surcharge may apply as stated in your rental agreement. International renters must present a valid international driving permit alongside their foreign licence.
2. Booking & Reservations
Reservations can be made via our website, WhatsApp, phone, or in person. A booking is only confirmed when:
- All required identification documents have been submitted and verified.
- The security deposit and rental payment have been received.
- A signed rental agreement has been executed between both parties.
Vehicle availability is not guaranteed until a booking is formally confirmed. We recommend booking at least 48 hours in advance to secure your preferred vehicle. For long-term rentals (14 days or more), a minimum of 5 business days notice is required.
3. Rental Period
Rental periods are structured as follows:
- Daily Rental: Minimum rental period is 1 day (24 hours). The rental clock begins at the time the vehicle is collected.
- Weekly Rental: 7 consecutive days from the collection time. Weekly rates offer a discount over daily pricing.
- Monthly Rental: 30 consecutive days. Monthly rates offer further discounts and are available on approved vehicles.
The return time must match the collection time. A grace period of up to 1 hour is allowed. Returns more than 1 hour after the agreed time will attract an additional full-day rental charge at the daily rate.
Extensions to the rental period must be requested and approved before the original return time. Unauthorised extensions will be treated as a breach of the rental agreement.
4. Rates & Payments
Rental rates vary by vehicle type, rental duration, and season. Current rates are available on our Rentals page or on request via WhatsApp. All rates are in Nigerian Naira (₦) and include:
- Basic third-party insurance cover
- Standard maintenance (oil, tyres, etc.) for long-term rentals
- Roadside assistance during business hours
The following charges are not included in the base rate and will be billed separately where applicable:
| Item | Charge |
|---|---|
| Fuel (renter's responsibility) | As used |
| Traffic fines & toll charges | Actual amount + ₦5,000 admin fee |
| Late return (beyond 1-hour grace) | 1 additional day rate |
| Young driver surcharge (age 21–24) | ₦5,000 per day |
| Out-of-Lagos travel permit | ₦15,000 per trip |
| Vehicle cleaning (excessively soiled) | ₦10,000 – ₦30,000 |
| Lost key replacement | Actual cost + ₦10,000 |
Full rental payment is due before vehicle collection. We accept bank transfer and electronic payment. Cash is accepted only for amounts up to ₦500,000.
5. Security Deposit
A refundable security deposit is required for all rentals. The deposit amount is determined by the vehicle category:
- Economy/Saloon Cars: ₦50,000 – ₦100,000
- SUVs & Crossovers: ₦150,000 – ₦250,000
- Luxury Vehicles: ₦300,000 – ₦500,000
The security deposit will be refunded within 3–5 business days after the vehicle is returned in satisfactory condition, provided there are no outstanding charges, fines, or damage to the vehicle. We reserve the right to deduct any amounts owed from the deposit before refunding the balance.
6. Vehicle Condition
Before every rental, a thorough inspection of the vehicle is conducted jointly with the renter. Both parties will sign a Vehicle Condition Report (VCR) documenting any pre-existing damage, fuel level, and mileage. This report protects you from being held responsible for pre-existing damage.
You are responsible for returning the vehicle in the same condition it was rented, fair wear and tear excepted. The vehicle must be returned:
- Clean on the exterior and interior (no excessive dirt, stains, or odours)
- Free from new damage not recorded on the original VCR
- With the same fuel level as at collection
- With all accessories, keys, and documents included at rental
7. Permitted Use
The rental vehicle may only be used for normal private or commercial transportation on paved or standard roads in Nigeria. The following uses are strictly prohibited:
- Sub-letting, re-renting, or allowing any unauthorised driver to operate the vehicle
- Use for commercial ridesharing services (e.g., Bolt, Uber) without prior written consent
- Off-road driving, racing, rallying, or any other motorsport activity
- Transporting hazardous, illegal, or contraband materials
- Travel outside the borders of Nigeria
- Travel outside Lagos State without prior written approval and payment of the out-of-Lagos permit fee
- Towing another vehicle or trailer
- Driving under the influence of alcohol, drugs, or any substance that impairs judgement
Breach of permitted use conditions immediately voids your insurance cover and renders you personally liable for all costs, damage, and legal consequences arising from such use.
8. Fuel Policy
All vehicles are provided with a full tank of fuel at collection. You are required to return the vehicle with a full tank. If the vehicle is returned with less fuel than at collection, a refuelling charge will be deducted from your security deposit. This charge includes the cost of fuel plus a ₦3,000 refuelling service fee.
Please use the correct fuel type for the vehicle as indicated in the vehicle handbook. Using the wrong fuel type will result in damage charges being applied to you in full.
9. Insurance & Liability
All rental vehicles carry valid third-party motor insurance in compliance with Nigerian law. This covers third-party bodily injury and property damage arising from an accident. It does not cover:
- Damage to the rented vehicle itself (unless comprehensive insurance is selected at an additional cost)
- Theft of the vehicle or personal belongings left in the vehicle
- Damage caused by prohibited use as defined in Section 7
- Damage caused while driving under the influence of alcohol or substances
- Mechanical damage caused by misuse or neglect
An optional Comprehensive Damage Waiver (CDW) can be added to your rental at an extra cost, significantly reducing your financial liability in the event of an accident. Ask us for details when booking.
10. Accidents & Damage
In the event of an accident, theft, or damage to the vehicle, you must:
- Ensure the safety of all persons involved and render reasonable assistance.
- Contact the nearest police station and obtain an official police report immediately.
- Notify Adedayo Aremu Autos by phone or WhatsApp within 2 hours of the incident.
- Do not admit liability, make any payment, or sign any document related to the accident on our behalf.
- Provide us with the police report, details of all parties involved, and photographs of the scene and damage.
Failure to report an incident promptly may void any insurance protection and result in you being held fully liable for all damage, recovery, and legal costs.
You are liable for all damage to the vehicle that is not covered by the applicable insurance policy, including the policy excess. Damage repair costs will be assessed by our designated workshop.
11. Cancellation & Refunds
Our cancellation and refund policy is as follows:
| Cancellation Notice Period | Refund |
|---|---|
| More than 72 hours before rental start | Full refund of rental payment |
| 24 – 72 hours before rental start | 50% refund of rental payment |
| Less than 24 hours before rental start | No refund |
| No-show (renter fails to collect) | No refund |
The security deposit is always fully refunded upon cancellation, provided no services have been rendered. In the event we cancel your reservation due to circumstances on our part (vehicle unavailability, etc.), a full refund of all amounts paid will be issued within 3 business days.
12. Vehicle Return
Vehicles must be returned to our designated location as agreed at the time of booking, unless an alternative drop-off has been pre-arranged in writing. The following applies to vehicle returns:
- Return must be made during our business hours (Monday – Saturday, 9:00 AM – 6:00 PM) unless a prior arrangement has been made for after-hours return.
- A joint return inspection will be conducted by our staff and the renter upon vehicle return.
- Any new damage found on return will be noted and assessed for cost, which will be deducted from the security deposit or invoiced separately if costs exceed the deposit.
- The renter must be present during the return inspection. If the renter is absent, our assessment of the vehicle condition shall be final.
- All personal belongings must be removed from the vehicle before return. We are not responsible for items left in returned vehicles.
Upon successful return and clearance of all charges, your security deposit will be refunded within 3–5 business days to your registered bank account.
Questions about this page?
Our team is available Mon–Sat 6 AM – 6 PM to help.
ADEDAYO AREMU AUTOS
Your trusted partner for premium car sales, rent to own, rentals, and financing in Greensboro and across the Triad. We deliver excellence with every vehicle.