Ways to Get Your Motorcycle
Buy your motorcycle with cash, with a loan from an approved financing partner, or through a savings group — or rent one with the Arokada Motorcycle Subscription.
Arokada sells and rents motorcycles. Arokada is not a bank and does not lend money: loans are evaluated and provided by approved financing partners.
Buy
Pay Cash
Pay the full motorcycle price and own your motorcycle from delivery.
- No financing required
- You own the motorcycle from delivery
- Delivery within 30 working days of confirmed payment
Finance
Apply for a loan through one of Arokada's approved financing partners, such as Bboxx and Jali. The partner decides whether to lend and sets the terms. You repay the partner directly.
- Lower amount upfront
- Flexible repayment periods
- Subject to the partner's approval
Group Savings
Members of a private savings group save together and buy motorcycles from Arokada at the cash price. The group and its members manage the group and its money; Arokada does not hold or manage group savings.
- Save together as a group
- Track progress toward your target
- The group pays the cash price when it is ready
Rent
Motorcycle Subscription
Ride a Spiro M1 V3 for NGN 5,000 a day (or NGN 35,000 a week) on an 18-month subscription. This is a rental, not a purchase and not a loan.
- One-time activation fee of NGN 25,000
- No down payment and no loan approval needed
- End anytime with 7 days' written notice
- The motorcycle remains the property of Arokada
Activation fee. The NGN 25,000 activation fee is non-refundable, except if Arokada does not deliver your motorcycle within 30 working days from the date your application is approved. In that case, the full fee is refunded within 7 working days.
At the end of 18 months. You can return the motorcycle, renew your subscription, or choose to buy the motorcycle at its current market value (optional, no obligation). Subscription fees paid are not deducted from the price.
Before you sign any loan, the financing partner must give you these details in writing:
- Amount required upfront
- Amount financed
- Interest rate
- All fees
- Repayment period
- Total amount to repay
- Late-payment penalties
- Eligibility requirements
- Name of the financing provider
Arokada does not set or change the partner's rates or fees. If a partner pays Arokada a commission for your application, we will tell you before you apply.
Illustrative loan example
Example only, using an assumed interest rate. Your partner's real rate, fees and repayments may be higher.
Based on the Spiro Ekon 450 M1 V3 at ₦1,375,000.
Actual terms, including interest, fees and approval, are determined by the financing partner. Arokada is not a lender.
Important information
- Financing is available through our financing partners, subject to eligibility and their approval.
- The Motorcycle Subscription is a rental. Paying subscription fees does not make you the owner of the motorcycle.
- Only sign if you can comfortably make every payment for the whole period.