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See How Much A Brand New Car Cost In 1977 - Car Talk (4) - Nairaland

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Re: See How Much A Brand New Car Cost In 1977 by ManTiger(m): 6:53am On Nov 19, 2015
During that time, #1 = £1
#1 = $1.20


Do the maths, ask for Per Capital Income and average salary of the employed before you consider car as a cheap commodity.
Re: See How Much A Brand New Car Cost In 1977 by northvietnam(m): 7:02am On Nov 19, 2015
gmacnoms:
guy, for dat coke an Pepsi mata, difference dey o smileyPepsi orobo
. grin grin grin Pepsi orobo with hot jollof rice abi.....
Re: See How Much A Brand New Car Cost In 1977 by greenpea: 7:10am On Nov 19, 2015
Mind you 5000 naira in 1977 could have been some huge money that people dream of, not like now that baby can boast of in his account
Re: See How Much A Brand New Car Cost In 1977 by lordoftherings: 7:56am On Nov 19, 2015
onyedikachukwue:
End time things


u re a fool from d abyss

1 Like

Re: See How Much A Brand New Car Cost In 1977 by Rossikk(m): 7:59am On Nov 19, 2015
dennisworld1:
how wish we can reverse the clock

Why? More Nigerians can afford a car today than in 1977. In fact back then people used to eat meals with only one piece of meat on their plate which they ate last!
Re: See How Much A Brand New Car Cost In 1977 by onosprince(m): 8:19am On Nov 19, 2015
moshino:


Ask your papa na


You dey craze for head.... no mention me again
Re: See How Much A Brand New Car Cost In 1977 by Nobody: 8:51am On Nov 19, 2015
onosprince:
Too bad, I wonder how much for ashawo den grin
. #1 or #2 naira for TDB
Re: See How Much A Brand New Car Cost In 1977 by wayodude(m): 8:52am On Nov 19, 2015
As a 3 yr old in the 80's (not going to say when) I flew to London for under N100. Ofcourse I wasnt paying, just seen some old tickets in my dads study wink

Oh yea and by the way a bank MD's salary was circa N30,000 per annum. Don't ask me how I know, but this is kosher info.
Re: See How Much A Brand New Car Cost In 1977 by Nobody: 8:53am On Nov 19, 2015
FREEDOM4BIAFRA:
My father wasn't a govt worker, but he rubbed shoulders with the elites, just by cruising his classic.


This car is an icon.

If you owned this car back then you were a target for car jacking.
Re: See How Much A Brand New Car Cost In 1977 by boss1310(m): 8:56am On Nov 19, 2015
nicerichard05:


My Brother getting 5000 then was easy as far as u are a graduate, they wer graduate jobs whic ur salary can giv u 1500 per month. The fact is that naija don spoil.
please go and check how much anini,otondo and their groups was convicted of robbing at a particular operation. how many Nigerians then can boast of 2 million naira,we used to have millionaires not even multi millionaires let alone billionaires as of then.5000 was a huge money in early 80's that I can remember let alone 1977 cos a top civil servant might not even earn that much annually cos of the minimum wage scale.
if you use 5000 to decorate your house as of then it will look better than a prominent king's palace
Re: See How Much A Brand New Car Cost In 1977 by Nobody: 8:58am On Nov 19, 2015
malonephill:
a brand new mencedez benz cost 20k in 197s, anything less than that goes for peugeot which is 5k at 197s
Wrong. Mercedes went up to 18000 for the very first time in 1984. Check Sunday times headline the day after the murder of Marvin Gaye by his father.

1 Like

Re: See How Much A Brand New Car Cost In 1977 by Nobody: 9:14am On Nov 19, 2015
ManTiger:
During that time, #1 = £1
#1 = $1.20


Do the maths, ask for Per Capital Income and average salary of the employed before you consider car as a cheap commodity.
. Olodo 50kobo = 1$ and #2= 1£ then
Re: See How Much A Brand New Car Cost In 1977 by ozoro: 9:14am On Nov 19, 2015
Justdulla:
. You Speak Like One of my uncles, He was an Educated Bush Man so to say.. He spoke fleuntly,but atimes made terrible suggestions and comments, that u wud just wana strangle him...... 40 yrs ago, u said a car that cost 3000 dollars in the US now goes for 25000 dollars 'note its still in thousands. Now let's put forces of demand, supply and inflation as regards to the high cost of vehicles in Nigeria. A Peugot 404 cost 4,290 in 1977, then PAN was fully functioning in Nigeria,it wasn't just a car assembly Plant, it was a car manufacturing plant with parts sourced locally. Fast forward to present Day, a vehicle of that same pedigree would cost as much as 4 or 6 million naira there about. You were busy talking of minimum wage without stating the obvious that your dear Country Nigeria is an Importing economy, hence our Money has no Value... A Man that could afford a Brand new car in the USA 40yrs ago, can still afford same at this present day even if it costs 30,000 dollars cos his economy is stable... A Man That Bought that peugeot in 1977 am sure at this present day can't even purchase a 1988 tokunbo Mercedez Benz V Boot cos Nigerias Economy is a Sham.. Infact we have no economy at all..... We Take our Oil to Britain, britain refines the oil and sells it back to us.... Minimum wage or middle class never destroyed Nigeria, It was Nigerians That Destroyed Nigeria.


Please don't insult us old people, because we still have memories, whilst you rely on history lessons.

Graduate salary in 1977 was less than N150 a month. Without givernment / ministry car loan civil servants could not afford a car.

There were only 5 or 6 universities in the whole country!!!

Most graduates immediately got jobs as civil servants.

PAN Kaduna, VWON Badgary express were never manufacturing planrs , they were always assembly there plants and the government was always screaming they should increase their local content.

Google the stastics, there are now more cars per capita in Nigeria than have ever been, even when cars were N4000.

1 Like

Re: See How Much A Brand New Car Cost In 1977 by malonephill(m): 9:27am On Nov 19, 2015
ubecharles:
Wrong. Mercedes went up to 18000 for the very first time in 1984. Check Sunday times headline the day after the murder of Marvin Gaye by his father.
I don't know the price outside nigeria, but I know someone who bought his own for 20k 1976.
Re: See How Much A Brand New Car Cost In 1977 by Nobody: 9:29am On Nov 19, 2015
Flashh:
That N5000 is worth millions now!

How people get millions to buy a car now,that was how it was to get N5000 as at then.

It's obvious that 5k is for monthly subscription in 2015 just to surf things online.
Imagine people using 1 million to subscribe their phones in the nearest future too. It sounds ridiculous.
Re: See How Much A Brand New Car Cost In 1977 by malonephill(m): 9:31am On Nov 19, 2015
ozoro:



Please don't insult us old people, because we still have memories, whilst you rely on history lessons.

Graduate salary in 1977 was less than N150 a month. Without givernment / ministry car loan civil servants could not afford a car .

There were only 5 or 6 universities in the whole country!!!

Most graduates immediately got jobs as civil servants.

PAN Kaduna, VWON Badgary express were never manufacturing planrs , they were always assembly there plants and the government was always screaming they should increase their local content.

Google the stastics, there are now more cars per capita in Nigeria than have ever been, even when cars were N4000.
Re: See How Much A Brand New Car Cost In 1977 by ManTiger(m): 9:54am On Nov 19, 2015
ubecharles:
. Olodo 50kobo = 1$ and #2= 1£ then

The point still remains Naira was equally strong while the standard of living was not so excellent, before our leaders started borrowing from Paris club, IMF etc.


Let's learn to tolerate each other and make contributions/comment without passing shot
Re: See How Much A Brand New Car Cost In 1977 by ROYALD(m): 10:14am On Nov 19, 2015
nice
Re: See How Much A Brand New Car Cost In 1977 by Nobody: 11:46am On Nov 19, 2015
Flashh:
That N5000 is worth millions now!

How people get millions to buy a car now,that was how it was to get N5000 as at then.

It's obvious that 5k is for monthly subscription in 2015 just to surf things online.
absolutely agree with you. My father use to work at a Toyota manufacturing/assembly plant called BT BRISCOE in lagos then. He bought his Toyota crown car then for 3000k;ofcourse it was a huge amout of money as at then. And my mum always tells us the 50naira would cook you a good pot of soup then. 50naira then would be like 3000naira now.
Re: See How Much A Brand New Car Cost In 1977 by ayodele123(m): 1:19pm On Nov 19, 2015
In December 1976, my daddy bought a brand new Peugeot 504 Station Wagon for N6400.00
One of my teachers in secondary school in November 1977 bought a brand new Volkswagen Beetle Car for N2800.00
Today N2800.00 will fetch U a fowl for Xmas
Re: See How Much A Brand New Car Cost In 1977 by Marotzke(m): 1:26pm On Nov 19, 2015
malonephill:
I don't know the price outside nigeria, but I know someone who bought his own for 20k 1976.
it is not true. Brand new mercedes benz 1977 cost N11,000. Don't speculate. Ask your elders. Knowledgable elders for that matter.
Re: See How Much A Brand New Car Cost In 1977 by wypavu: 3:27pm On Nov 19, 2015
Re: See How Much A Brand New Car Cost In 1977 by abatically(m): 1:20am On Nov 20, 2015
Justdulla:
. You Speak Like One of my uncles, He was an Educated Bush Man so to say.. He spoke fleuntly,but atimes made terrible suggestions and comments, that u wud just wana strangle him...... 40 yrs ago, u said a car that cost 3000 dollars in the US now goes for 25000 dollars 'note its still in thousands. Now let's put forces of demand, supply and inflation as regards to the high cost of vehicles in Nigeria. A Peugot 404 cost 4,290 in 1977, then PAN was fully functioning in Nigeria,it wasn't just a car assembly Plant, it was a car manufacturing plant with parts sourced locally. Fast forward to present Day, a vehicle of that same pedigree would cost as much as 4 or 6 million naira there about. You were busy talking of minimum wage without stating the obvious that your dear Country Nigeria is an Importing economy, hence our Money has no Value... A Man that could afford a Brand new car in the USA 40yrs ago, can still afford same at this present day even if it costs 30,000 dollars cos his economy is stable... A Man That Bought that peugeot in 1977 am sure at this present day can't even purchase a 1988 tokunbo Mercedez Benz V Boot cos Nigerias Economy is a Sham.. Infact we have no economy at all..... We Take our Oil to Britain, britain refines the oil and sells it back to us.... Minimum wage or middle class never destroyed Nigeria, It was Nigerians That Destroyed Nigeria.

U don't seem to get my point. 4,000 naira in 1977 is worth like 4 millon naira in 2015. Whereas 3,000 USD in 1977 is nothing close to 3 million USD in 2015. That a car was sold for 4,000 naira then doesn't mean it's affordable for everyone
Re: See How Much A Brand New Car Cost In 1977 by JonSnow(m): 9:02am On Nov 20, 2015
kYjelly2:


yet, the one with boobies is left standing, hehehehe cheesy grin

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