New financing scheme  to enable schools acquire buses with zero down payment takes off

A financing programme that will enable primary, secondary and tertiary institutions across Nigeria to acquire buses 13-seater and 18-seater buses without making an initial down payment has been rolled out.

The initiative enabled by Elizade JAC Motors in partnership with Lotus Bank is designed to support schools seeking modern, reliable transportation by providing access to affordable financing, attractive profit rates, vehicle purchase discounts and flexible repayment options structured around monthly or academic term cycles.

Speaking on the partnership,  Oluwaseun Ayanbadejo, Head of Corporate Sales, Elizade JAC Autland Limited in a statement said the programme addresses a major challenge faced by many educational institutions.

“Quality transportation is essential to the smooth operation of every school, yet the upfront cost of vehicle acquisition can be a significant hurdle. Through this partnership with Lotus Bank, schools can immediately access dependable transportation while spreading payments in a way that aligns with their cash flow and revenue cycles.”

He said JAC Sunray bus has become a preferred choice for institutional transportation due to its spacious interior, passenger comfort, durability and suitability for Nigerian road conditions. Available in both 13-seater and 18-seater configurations, the vehicle is designed to meet the transportation requirements of schools of varying sizes.

Valentine Zorta,  Senior Key Account Manager highlighted the programme’s value for school administrators.”We engaged extensively with school owners and administrators to understand their operational realities. This solution was developed to give schools the opportunity to upgrade or expand their fleets without placing pressure on their working capital. It is a practical financing model that delivers immediate value while preserving financial flexibility.”

Also commenting on the initiative, Olumide Olaokun, the Senior Brand Manager, Elizade JAC Autoland Limited, in the statement said the partnership reflects the company’s commitment to delivering customer-focused mobility solutions.

“At Elizade JAC Motors, we are committed to making vehicle ownership more accessible for institutions that play a critical role in national development”.