Billyonaire: The comment isnt silly. The OP earns just 80K and he wants to take a loan to buy a car. How will he survive without any moratorium on the loan ? Let him save until he can afford to buy with his cash, thats when 80K will have meaning. The simple truth is, he can not afford a car right now. A lot of people get high BP and stroke cos of debts, the OP might just become one of them if not warned.

bajugbajug: hello nairalanders, am a civil servant with a monthly salary of btw 70k and 80k and also have access to loan of about 700k.

I cover over 50miles daily(to and fro)and would need your candid advice on a car that i can buy tht befits my status, budget and easy to maintain.

thanks

okpara ugo:

Dont ever take a loan on this type of salary.

Am not sure a salary of N80,000 per month can maintain a car. I fuel N10,000 a week plus other maintenance costs. Fuel alone is N40,000 per month plus maintenance at a mechanic workshop which costs depend on the volume of services and parts changed.

You mentioned covering a daily trip of 50miles, which means you will consume fuel of about N1,500 daily for a 2.0 litre engine And that is N33,000 per month assuming 22 working days per month. Maintenance aside. What is left for your other expenses You mentioned loan, i assume you want to fall back on the loan to purchase the car; you will be enslaving yourself financially for the next 5years by doing that.

I bought my first car on a salary of N125,000 and couldnt fuel it. Infact salary nah Bleep up. You better keep taking public transport for the next 3yrs and do some marathon savings for the car and possibly get some pay rise b4 u buy that car.

Go for a nissan sunny or toyota corrola for fuel efficiency, all should be direct belgium. ''A used car could use you''.

tpacalipse: Are you trying to say that millions of people who have cars on naija roads are all millionaire? I grew in a home of low income earners and yet we maintained a volvo 740, a benz 200 and a toyota corrola. Now my retired father added 1999 sienna to them 2yrs ago and still driving all the car. Mother will add a highlander to them before the end of the year and yet they are low income earners. My coligues at work are driving big cars comfortably and yet we are all low income earners. Sometimes you people amaze me with your comments.

Siena:

An older car bought cheaply will be an easy purchase, the upkeep costs will however be high. A newer car bought at a higher than average cost will be a more costly initial investment, but upkeep costs are likely to be lower.

It all depends on the way you look at the picture. The emphasis on the cars maintained in your family is on "we". So a lot easier than a single individual living away from home. Besides, running costs of an automobile were relatively low 10 years ago, compared to today.

Delfino: . Sombody pls call EFCC to arrest this guy! How u manage buy 2 cars of this sort wif 50k salary in Nigeria My friend pls stop lying!

redcliff: hmnm na wa o for people's comment on here, that's why they say too many cooks spoil the soup. many people using their different driving and car ownership experiences to advice the OP. personally i do not see anything wrong in having a car as long as you are working, u have focus ( u know what u want to do with you life) and equally, u get a car that would give u less troubles and maintenance cost is relatively cheap(next to nothing. there are so many of them out there. Just dont get a Nigerian Used car and a car that has done a lot of miles. Its advice able that if you want to order and you have a trusted fellow in europe (which seems to have the cheapest in terms of cost and shipping) let such persons do a proper search on your behalf for something really good.
My own thoughts though......

bricx: Buy a small car,
Pick passengers along the way, that way you would have succeeded in raising money to fuel the car on a daily basis.
My experience, I raise enough to fuel my car
To and from work daily, I raise N2000 daily,N10,000 weekly and N40,000 monthly.
My daily lunch is N500, weekly is N3500 and monthly is N14,000
With my N2000 daily taking to and fro work, I have more than enough to fuel my car-full tank and eat lunch on a daily basis.

You can turn a liability-car into an income earning asset that way.
Its your call.

Kx: A small and affordable tokunbo should be preferred to a naija used of any kind imo.

bajugbajug: Tank u all for ur sincere contributions. Av got an offer for a naija used 94 camry aka OROBO for 450k.I wil likely pay B4 nexwk.hope its a good deal?

vinmol:

Gbam... u said it all. i have exprienced it and i dont wish it for my enemy

Find Out!:


BEFORE YOU PAY,
1)How long has it been registered & how often does the owner drive it?
2) Do you know the car history with the present owner? & does he have other cars?
3) Have you gone to inspect the vehicle with a COMPETENT TRUSTED auto mechanic?

Lastly, as you've read so far, while having a car is a necessity in many cases, you still have to consider your running costs as it affects your salary.

So, if possible, reduce the amount of the co-operative loan you are taking, or invest the remaining 200-250k in an income-yielding venture.

Btw, hope the camry is a 4 cylinder engined one sha.

All the best.

star 4ever: please go for orobo (toyota camry) its fuel efficient and maintenance is relatively cheap.

Siena:

Come on bud! It may well be cheap to by parts for, or repair. But a '94 Toyota Camry will NOT be fuel efficient, not by a long shot.

We're talking a small engine in a heavy car, a car with pretty basic emission control. Fast forward 18 years, it won't be anywhere near as good on fuel as it was when it was new, and when it was even new, it was fairly thirsty. Age does not improve fuel consumption in an engine.

bajugbajug: are you saying that 94 camry is not fuel efficient?

Siena:

Come on bud! It may well be cheap to by parts for, or repair. But a '94 Toyota Camry will NOT be fuel efficient, not by a long shot.

We're talking a small engine in a heavy car, a car with pretty basic emission control. Fast forward 18 years, it won't be anywhere near as good on fuel as it was when it was new, and when it was even new, it was fairly thirsty. Age does not improve fuel consumption in an engine.