Setting Your Vehicle's Daily Price
How a daily rate in naira is used, and what it does not promise.
Nova RidesPublished 2 November 2026Updated 2 November 20261 min read
You set the daily price. The rental subtotal is that price multiplied by the number of days. Your standard share is 80% of that subtotal. Nova Rides does not publish a required price, and a higher price does not create bookings.
What sits next to the daily price
- The guest pays a service fee of about 15% of the rental subtotal, plus VAT of 7.5% on the taxable trip amount.
- A refundable security deposit of 25% of the rental subtotal, and at least one day's rate, is held at checkout.
- Insurance, when it is priced for that booking, is separate from your daily rate.
- Your fuel, servicing, tyres, and finance costs stay with you. They are not added as a cash charge at handover.
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Related guides
- Setting Competitive Vehicle PricesHow to think about a daily rate without invented market averages.
- How the Nova Rides Revenue Split WorksThe standard 80/20 split, and the cases where an account is different.
- Understanding Nova Rides FeesWhich charges the guest pays, which share you receive, and which costs stay yours.