Hi Guys

I have a job and i earn 100k per month and i am thinking of getting a car(been on the job for a bit), but i am planning maybe year ending, i want some advise from my good people in the house if it would be advisable.

P.S - i dont have much responsiblity at the moment i am 25 and i am also bettering myself with some certifications.

Thanks as you advise and not insult me, lol

Please can this topic get to front page? thanks

Getting a car is not the problem but maintaining it is the problem, ask yourself, what do you need the car for? business or just eko for show, if it's for business then go ahead but for the latter do not try it

look for a nicely nigerian used toyota corolla. maintenance wouldnt cost you much.
not just living, quality of life is essential. you will live longer with less stress in your life.

edozie04:
Getting a car is not the problem but maintaining it is the problem, ask yourself, what do you need the car for? business or just eko for show, if it's for business then go ahead but for the latter do not try it

Bro its not like i wanna buy a range rover, just for ease of movement and life in general

PS- i work in an office and d car is not for business

coolluk:


Bro its not like i wanna buy a range rover, just for ease of movement and life in general

PS- i work in an office and d car is not for business

Ease of movement ie eko for show, I strongly advice you use that money to buy a land, it will appreciate over time,100k basic is a no salary to use to maintain a car

edozie04:
Ease of movement ie eko for show, I strongly advice you use that money to buy a land, it will appreciate over time,100k basic is a no salary to use to maintain a car

Thanks

edozie04:
Ease of movement ie eko for show, I strongly advice you use that money to buy a land, it will appreciate over time,100k basic is a no salary to use to maintain a car

100k can't maintain a car, I disagree with this, a car isn't necessarily be seen as a luxury, but as a means of making life easier. If you spend close to #500 a day for transport come on for a week its #2500 even that I can use for close to a week on a V6 3.0L, I magine if the op was driving a corolla with 1.6L engine or 1.8L engine it will make a lot of sense.

How much does it cost to service a car in a year theoretically
Engine oil 12K x 3
Filter let's say 2K x 3
Brakepads 24k for a year all legs
Miscellaneous 20k
Total for a year 86,000
And you would have earned 1.2m in a year remove the maintenance from it u still have 1.1m to spend

Since I have been using my car for a year (clean title tokunbo) I have not even spent 50k on it for a year I just change oil twice in a year, filter, brakes and light bulbs.

nurey:


100k can't maintain a car, I disagree with this, a car isn't necessarily be seen as a luxury, but as a means of making life easier. If you spend close to #500 a day for transport come on for a week its #2500 even that I can use for close to a week on a V6 3.0L, I magine if the op was driving a corolla with 1.6L engine or 1.8L engine it will make a lot of sense.

How much does it cost to service a car at a go
Engine oil 12K x 3
Filter let's say 2K x 3
Brakepads 24k for a year all legs
Miscellaneous 20k
Total for a year 86,000
And you would have earned 1.2m in a year remove the maintenance from it u still have 1.1m to spend

Since I have been using my car for a year (clean title tokunbo) I have not even spent 50k on it for a year I just change oil twice a year, filter, brakes and bulbs for the lights.

I was surprised too, some people earn less and still use and maintain cars

coolluk:


I was surprised too, some people earn less and still use and maintain cars

Those price I quoted were even hyper inflated its possible the op won't even spend upto a quater of that.

Bros, getting a car is not a luxury but a necessity. Just ensure to get a car that you can maintain within your income and ensure to be serious about the maintenance. I bought my first car when i was earning less than 100k and am already using my third car, i mean, i will sell the one am using and add some amount of money to buy new one. It's all about been prudent in your spending. Best

davou4eva:
Bros, getting a car is not a luxury but a necessity. Just ensure to get a car that you can maintain within your income and ensure to be serious about the maintenance. I bought my first car when i was earning less than 100k and am already using my third car, i mean, i will sell the one am using and add some amount of money to buy new one. It's all about been prudent in your spending. Best

Thanks, A Honda Accord fits this bill right?

coolluk:
Hi Guys

I have a job and i earn 100k per month and i am thinking of getting a car(been on the job for a bit), but i am planning maybe year ending, i want some advise from my good people in the house if it would be advisable.

P.S - i dont have much responsiblity at the moment i am 25 and i am also bettering myself with some certifications.

Thanks as you advise and not insult me, lol

Not enough info to give you a resonable response, break down what you do with 100k every month (dstv, rent, transport, food savings.....)

After that it will be easy to answer.

GAZZUZZ:


Not enough info to give you a resonable response, break down what you do with 100k every month (dstv, rent, transport, food savings.....)

After that it will be easy to answer.

I spend like 18k on transport and feeding monthly, my office is close to where i stay and i still stay with my folks and i can comfortably save 60k monthly

Hope that's enough

I want a clean Nigerian used EOD, my budget is N650,000. If you have any for sale and ready to discus business within that price range, kindly drop a line. A good corolla will also be considered.

coolluk:


I spend like 18k on transport and feeding monthly, my office is close to where i stay and i
still stay with my folks and i can comfortably save 60k monthly

Hope that's enough

My own opinion, you don't need a car, save the money for a business, marriage, investment................ I'm sure there's a utility car where you live.

GAZZUZZ:


My own opinion, you don't need a car, save the money for a business, marriage, investment................ I'm sure there's a utility car where you live.

So basically everybody that has a car earns more than 100k, is married or has investments??

eginaP:
I want a clean Nigerian used EOD, my budget is N650,000. If you have any for sale and ready to discus business within that price range, kindly drop a line. A good corolla will also be considered.

Bros did u see the topic??

coolluk:


So basically everybody that has a car earns more than 100k, is married or has investments??

In my own opinion, "if I were in ur shoes"

since u want a car, DAT salary is OK, I wonder y alot of people think you have to earn 200k and above to own a car.
if you can save to get a toks or good naija used car, all you need do is just to fuel and do routine maintenance NUREY has given you breakdown, dat is on the high side.
using a car is beta n saves alot of stress, though I don't stay in Lagos, 2500 fuel will last me a week BT if I consider public transport will b spending @least 2000, now think of d stress from one taxi to d oda, no privacy, sum ppl will just talk to u any aw, d stress n discomfort, I bliv if am paying 500 for DAT, it Worth's it.
bro go 4 d car n u won't regret.

DGD1:
since u want a car, DAT salary is OK, I wonder y alot of people think you have to earn 200k and above to own a car.
if you can save to get a toks or good naija used car, all you need do is just to fuel and do routine maintenance NUREY has given you breakdown, dat is on the high side.
using a car is beta n saves alot of stress, though I don't stay in Lagos, 2500 fuel will last me a week BT if I consider public transport will b spending @least 2000, now think of d stress from one taxi to d oda, no privacy, sum ppl will just talk to u any aw, d stress n discomfort, I bliv if am paying 500 for DAT, it Worth's it.
bro go 4 d car n u won't regret.

Noted, thanks for your contribution

GAZZUZZ:


My own opinion, you don't need a car, save the money for a business, marriage, investment................ I'm sure there's a utility car where you live.

spot on.

coolluk:

So basically everybody that has a car earns more than 100k, is married or has investments??

all he tried to say was that you earlier said where you work isn't far from where you stay. He then assumed that since you stay with your folks there should be a utility vehicle for you to use at home.

In his opinion in which I seem to buy now, he said for now you don't need the car. It will pay you better if you invested the cash.

Specialist900:
spot on.

all he tried to say was that your earlier said where you work isn't far from where you stay. He then assumed that since you stay with your folks there should be a utility vehicle for you to use at home.

In his opinion in which I seem to buy now, he said for now you don't need the car. It will pay you better if you invested the cash.

point well taken, thanx

With that salary u can maintain a car, in fact people who earn less maintain their cars with no hassles. All u need is to get a car that is not expensive to maintain. I think it is even better u get ur car before getting married or starting a family. Having a car does not stop u from saving or investing.

I'ld say go for the car so long u don't reach for ones with expensive maintenance. A regular car for a 25yr old is not luxury but a necessity if the initial outlay can be put together.
A yoruba adage says when a child is old enough to own a hoe, we give him one.
There might be a utility car at home but it's not urs and u still get restrictions and stuff..
The question should be what car to go for coz u certainly need one.

Thanks guys for your contributions, seeing different views from different school of thoughts

Tanx

DGD1:
since u want a car, DAT salary is OK, I wonder y alot of people think you have to earn 200k and above to own a car.
if you can save to get a toks or good naija used car, all you need do is just to fuel and do routine maintenance NUREY has given you breakdown, dat is on the high side.
using a car is beta n saves alot of stress, though I don't stay in Lagos, 2500 fuel will last me a week BT if I consider public transport will b spending @least 2000, now think of d stress from one taxi to d oda, no privacy, sum ppl will just talk to u any aw, d stress n discomfort, I bliv if am paying 500 for DAT, it Worth's it.
bro go 4 d car n u won't regret.

I like your thought pattern, if only people will avoid ds "manage-manage" kind of lifestyle perhaps life-expectancy will improve in d country.

I dunno wats #500 dat someone will wanna give himself high bp over.

edozie04:
Ease of movement ie eko for show, I strongly advice you use that money to buy a land, it will appreciate over time,100k basic is a no salary to use to maintain a car

buy land?? Did he say he is interested in Estate Development?

nurey:


100k can't maintain a car, I disagree with this, a car isn't necessarily be seen as a luxury, but as a means of making life easier. If you spend close to #500 a day for transport come on for a week its #2500 even that I can use for close to a week on a V6 3.0L, I magine if the op was driving a corolla with 1.6L engine or 1.8L engine it will make a lot of sense.

How much does it cost to service a car in a year theoretically
Engine oil 12K x 3
Filter let's say 2K x 3
Brakepads 24k for a year all legs
Miscellaneous 20k
Total for a year 86,000
And you would have earned 1.2m in a year remove the maintenance from it u still have 1.1m to spend

Since I have been using my car for a year (clean title tokunbo) I have not even spent 50k on it for a year I just change oil twice in a year, filter, brakes and light bulbs.

Don't know about where you are talking about but here in lagos to enter transport to work cost approximately 500 but to fuel a car I will spend 1500 a day (residents of iyanoba to orile lagos can attest to this) So tell me, if I earn 100k and spending 1500×5, you tell me how much it is, the truth should be said, for a guy at his age and status car is a luxury to him, why not he saves that money or invest and when he can earn 150 or even 200 then he is good to afford such luxury

Bossforeva:
buy land?? Did he say he is interested in Estate Development?

Giving him advice on where to invest

eginaP:
I want a clean Nigerian used EOD, my budget is N650,000. If you have any for sale and ready to discus business within that price range, kindly drop a line. A good corolla will also be considered.

Call me only if you are serious

edozie04:
Don't know about where you are talking about but here in lagos to enter transport to work cost approximately 500 but to fuel a car I will spend 1500 a day (residents of iyanoba to orile lagos can attest to this) So tell me, if I earn 100k and spending 1500×5, you tell me how much it is, the truth should be said, for a guy at his age and status car is a luxury to him, why not he saves that money or invest and when he can earn 150 or even 200 then he is good to afford such luxury

1500 on fuel daily ? You must be cruising around town in a Bulldozer

chucky234:
1500 on uel daily ? You must be cruising around town in a Bulldozer

No, actually the traffic on the road is terrible