How To Raise A Car Loan?

wait for a year and buy the damn thing yourself -



what the heck is all this fricking street begging going on in nairaland anyway?
some prick spammed the technology threads with some sob story about being poor and wanting a cheap laptop.

it seems the amaerican disease is fianlly upon us - eagerly ushered in by our banks - the culture of instant gratification and you can have this right now - the fellas with the big cars expensive clothes and big debts.

invest with us


KANURI INVESTMENT PRIVATE PLACEMENT
Kanuri limited was incorporated in October 2004 as a private limited liability company in Nigeria, operating in the Oil and Gas services sub sector. The company is owned 100% by reputable Nigerians and offers a range of services that includes processing of drilling Mud products, oil drilling, crude oil shipping, crude oil exportation and oil lifting, Mud engineering and Well Completion services.

Over the years, the company has built a reputation for passionately, professionally and efficiently executing contract aimed at delivering best value to its clients and shareholders. As at March 30, 2008, the Company has been awarded a number of important contracts for various Drilling and production/support services. when you invest with us we invest the pool of fund together and we send you mail via your mail box and gsm number periodical stating your investment portfolio and its trend

what ever platform you chose and invest you collect 10% of it monthly then after a period of a year,your initial investment will be lodge back into your bank account





SERVICES OFFERED
Kanuri offers a range of services, which includes:
1.   Processing of locally sourced drilling Mud Products such as Barite Bentonite and calcium carbonate.
2.   Provision of Mud Engineering Services to major Oil Companies involved in exploration and development of hydrocarbon reserves in Nigeria.
3.   Sourcing and supplying of wide-range of drilling, completion, work-over and production chemicals.
4.   Provision of onshore and off-shore Completion Fluids Engineering services.

BOARD OF DIRECTORS
Kanuri management team has over 20 years of experience in all aspect of Oil and Gas Services Market. The Board of Directors consists of the following
1. Chief Odoliyi                                                  Chairman
2. Dr. Ala .A. Ibanibo                                         MD
3. Mr. Gbenga Akintan                                       Member
4. Chief Emmanuel Ibanichuka                                  ,,
5. Mr. Benjamin  Wilcox                                            ,,
6. Dr. Victor Maduka                                                 ,,
7. Oluwole Ajayi                                               Executive Director

3. Edward T.Alabo                                     Coordinator, Engineering Services
4. Catherine Ellah                                        Manager, Legal & corporate Services

SIZE OF THE MARKET.

The Oil and gas field services market in Nigeria in the past few years was approximately $ 896 billion a year of which it is estimated that less than one fifth accrues to local contractors. Investment by NNPC and its joint venture partners are projected to reach $600 trillion by 2009, and of this, 70% should be spent locally, according to the government express wish.

SUMMARY OF PLACEMENT FACTS

ISSUER:                                        Kanuri limited
each.
                                           
    PURPOSE:                                    Kanuri has identified several opportunities in
                                                            Oil and Gas industry including maritime services
                                                             And thus increased her vessel fleets to 8 in 2007.
                                                             In other to take full advantage of the government
                                                             Content policy, Kanuri intends to expand its capacity
                                                           as a whole.
                                                           
                                                   
METHOD OF SALE:                       Private Placement

UNIT OF SALE:                               Minimum of 1000 Shares and     multiples of 500 units thereafter.
                                                           
OFFER PRICE:                                 N33.00 per units
POSSIBLE LISTING PRICE:         
POSSIBLE LISTING TIME: 

FORECAST OFFER STATISTICS

Financial summary   2008     2009       2010       2011     2012
Total assets   13,952,295   18,390,801   23,666,181   32,512,368   36,354,214
Shareholder’s fund   13,482,046   15,828,371   19,068,980   24,543,721   31,374,832
Revenue   3,441,211   9,918,178   13,918,703   21,717,493   27,733,595
EBITDA   1,920,470   6,505,586   9,055,702   14,814,291   18,651,198
PBT   914,4,775   4,775,718   6,527,875   11,512,459   14,504,816
PAT   640,351   3,342,003   4,569,513   8,058,721   10,153,371
Earnings per share =N=   0.12   0.50   0.69   1.09   1.38


KANURI INVESTMENT OIL SERVICES

QUALITY: Nigerian National Petroleum Corporation (NNPC) standard export

TYPES: Nigerian Bonny Light, QUA IBOE Light, Penning Ton Light, Forcados Blend,
Escravos Light, Bonny Medium, Brass blends,

QUANTITY: 36 Million Barrels only. From monthly allocation of the Nigerian National Petroleum Corporation (NNPC).

SPECIFICATION:                               SPECIAL GRAVITY               084.98%
                                                               API                                            37.0
                                                               RSW                                          0.6%
                                                              WATER CONTENT                 0.2%
                                                              POUR POINT BELOW            4OF
                                                              SULPHUR WT                         O/14
PRICE
The price per barrel shall be the arithmetic means of “Brent” dated quotation as reported on the plant meter wire as  per average low/light of four (4) quotation (TWO) days before and Two days after discharge.
The offer is less a gross Discount of US$5.00 (United States Five Dollars) per barrel. This amount minus the current export price of US$17.50 per barrel.

These conditions are as follows
1. Spot Life
2. Quantity: 3 million barrels per month for 12 months
3. OFFER ON F.O.B.
4. OFFER OFF “OPEC” records 
5. Freight at buyer's account at US$1.24 per barrel
6. Port charges, customs fees at buyers account at US$250,000.00 per vessel of the Million barrels.
7. Buyer shall be the importer of records and shall be responsible for the payments of all customs duties or fees. Lay-time, demurrage,
If any, at port of discharge shall bear all responsibilities in accordance with the terms and conditions of the charter party agreement.
8. Payment of letter of credit shall be made by the buyer after ten (10) days to discharge of the crude oil into shore and upon
Presentation of the shipping documents to the buyer's bank.
I do hope this will mark the beginning of a good business relationship between your company and mine in the nearest future.
Thanks for your cooperation
Chief Odoliyi                                                 
Chairman,

Actually, it's a good thing for THE WISE only. When engaging in a lease program/facility, you just have to be smart or else it's suffering all the way. 

tkb

wetin u dey do for here, oya go back NN and make d bulls appear 

@nkc
my guy
I'm permanently on NN. the bulls are presently locked in a mother of all battles with the bears
no shakings at all.

You sef, abi u wan sell car to the poster?
LOL!

 i guess you're right. . .@ poster, IMHO its not a wise idea to borrow money to finance anything that will not yield a return.

no finacial institution anywhere will loan money withot collecting interest. by the miracle of compund interest, which has been called the 8th wonder of the world, you may end up paying 900,000 for a 600,000 car. does that seem wise?  . thats the trap of credit that most people don't realise. you always pay more than the item is worth. imagine, paying interest on an item that is depreciating in value

there are a thousand things i'D lik to have, but until i can afford them comfortably, no dice. 90% of all these things are wants, not needs.

more to the point, i f u can't afford to buy a car, what maks you think you can afford to maintain one, considering tha fact that it will be tokunbo? insurance, petrol,  minor repairs -

anyway, na u biko

as to being a little god - i worked for over 5 years before i bought my first car. this was by my own choice. too many of us are in a hurry to live a life we don't have the resources to support. anyone who is employed is playing with fire if he chooses to borrow money to buy stuff. all you need is to be laid off - then life will become very very hard.


the car is doing ok, thanks 

@poster
i think fidelity bank offers such services but u would need to open an acount and save up to 10% of the cost of the car. go to any branch of fidelity bank to find out.
Goodluck.

i can assure u of finance lease through zenith bank. However, d challenge is that u must ve a current account with d bank wc must have been running for like 6 months. if u can open d a/c today, i can assure u of getting a facility to own your car by december.

for details call me on 08055137115

Demsy
You know the problem with Nigerians is that everybody feel we must do things  the same way. What has worked for somebody might not worked for you. The fact that some people worked for five years before buying a car does not mean you must go through the same hassles and though time. You must realised that a first car most times is not luxury rather it is for convenience. it is when you are on second as a single man or third car as a married man that it becomes insatiable desire at your in convenience. Getting indebted could be a challenge to manage especially if your income cannot take care of it confortably.
My brother there are different ways you can structure payment without hurting your self. One of the things I have realised is that if you talk to people you could get some wonderful terms worked out. Don't mind some holier than thou people who would rather castigate your thinking. Whichever ever way get your stream of income right so that you can make payment at the time you promised.

I bought my first car after working for about 2years to the utmost surprised of all my colleagues because we where earning peanuts working for a restaurant business. But some one got a tokunbor car for me that i paid for over four months. But buying car for me was for convenience not for luxury because i was closing late from work.

Let nobody deceive you you need a car to move around for business and to work because we are leaving in dangerous times,but i don't think you will get the right contact with what some guys responses are  here. my brother i wish you the best as you try to achieve you goal.

poster

sori if i was blunt, connect with viperman, he has all d best deals on finance,, i think inspired_m does too, but not sure, u can buzz him 2 , have a great one

@celebritee
LOL.
 I concur abolutely. How does the pic help answer the posters question?

the person who posted that picture must truly admire themselves.   

@poster
Please don't bring your americanization to naija, that country is a country built on debt and they are suffering it now. Like someone said, wait till you get the money then buy it yourself.

Babe,you are not looking bad,no mind them.Where do you reside?

As said previously, it's not advisable to finance anything (beyond housing) in some cases. Just save up the money you need to get what you really want and pay cash.

The young man is just asking for simple information and the ever present over-sabi Nairalanders latched on to him as usual. If you must know - one of the greatest cause of corruption in Nigeria is linked to the fact that we are a cash based economy where people pay for things once. This normally leads to anxieties for those that don't have jobs and those who just started or how can u advise a guy to patiently wait for 3 years to save enough to pay 2 years rent and then 7 years to buy a car. Reason for many looking for shortcuts to pay for these things. Why I am not into stupid bank loans but look at developed countries and even some smaller African countries - they pay rent monthly and get car loans at very cheap interest rates - hence not much pressure to steal. What we should be looking at is the failure of leadership that ensured high inflation and interest rates. My advice for the guy is simple - before u think of a loan - analyze it very well to avoid becoming trapped. Also, are u self-employed or work for a company? If u work for a company - a 600K loan is small enough and some companies help their employees with such loans or have arrangements with some banks for same. Explore your options well and think of the value the car will bring to you. Will it help you to do weekend runs that can make u more money? Or is it because of status symbol? Look well my guy before u leap. All the best!