Eyop:
I didn't really understand your post but was able to pick one or two points there. At 20 you wish to drive a 30 million Range Rover because you have 100 million in assets? Because others are doing so does not mean you should also do same. There are question you need to ask yourself before taking such action. Though you won't understand my point now but later in life you'll do. So you feel with 100 million,the person has arrived?

TheBigUrban2:

100 million na big money oooo

Eyop:
Agreed,but a businessman sees that money as "small money oooo" because it can be recycled to double the amount.

Eyop:
I didn't really understand your post but was able to pick one or two points there. At 20 you wish to drive a 30 million Range Rover because you have 100 million in assets? Because others are doing so does not mean you should also do same. There are question you need to ask yourself before taking such action. Though you won't understand my point now but later in life you'll do. So you feel with 100 million,the person has arrived?

Bossforeva: pls i'll like to know the questions that i should i ask myself.. Anyway, what am trying to say in my post, is it also a wise decision dissing a 30M range for a 3.5M highlander

TheBigUrban2:


Thats my positon but his parents wont let him be

TheBigUrban2:

Highlander is not ann old man's car naaa.....what will you say about prado and landcruiser?

cne010:

Do you live in Lagos? Highlander is an old mans car. You don't see young boys in them except they are driving their parents.

Young boys do Venza, crosstour, Lexus Rx some even have the balls to the 08 to 2012 class.

Eyop:
Individual opinion differs...

There's a guy i met some years ago and we got so close later that same year but i never knew at that time he had such an amount of money(over a #100m) in his account and was driving volkswagen Golf 3 though a business man. But judging by the comments on this post if some were to be that guy,they should have bought a ranger rover or G wagon.

Some of the questions you should ask yourself are:
(1) What do i need this car for?
(2) Economical wise does it make sense to invest such an amount of money in this car?
(3) What value do i stand to get after i purchase this ride...etc

A young guy in his early 20's so fortunate to be a millionaire should be wise to make good decision and not to be wasteful with the resources he's fortunate to get. Imagine he or she starts investing smartly,do you know how much he would be making in future? Don't get me wrong,i am not saying is bad to buy a vehicle of #10million but you should have reasons for such before taking that decision & also consider how much investment you have to put #10million in a liability because after the vehicle leaves the dealership,depreciation starts immediately.

TheBigUrban2:


That is a well qualified opinion.

Honestly, it is tempting to buy a car for 3 million plus.....I mean, just look at all those young island (lekki ikoyi etc) boys just cruising about. I know a guy who is 26 and cruises an 07 range rover.

TheBigUrban2:


Highlander is the male version of rav 4. Some young boys drive it.


Personnally, I hate Venza- a car trying to be a jeep

Eyop:

Forget about what others are doing and face yours though i understand the intimidation but it shouldn't bother you because the future is what you are looking at and not the present. There are some of them driving a #7million SUV but don't have #5million either in Cash or Investment. There's nothing bad in buying a #3million car but before doing so,you should ensure that you have invested in so many investment opportunities and you have a very solid financial base with good ROI and not a shaky one.

Some of those guys you mentioned don't even have need for such cars but they just buy that for intimidation or to oppress people so is that not foolishness?

cne010:

Venza, Crosstour, Acura ZDX, BMW x6 are not cars trying to be SUV they are in the own league get with the program.

TheBigUrban2:


It is foolishness of course. But peer pressure is very effective.

TheBigUrban2:

Acura MDX.

cne010: @Eyop People buy car for different reasons depending on kind if business they do. There is a reasonable amount you can spend. The guy with over a 100million and drives a Golf3 is my hero.

I remember my Dads friend that bought a 2004 Accord to present himself very well in front of prospective clients to get contracts and it works well for him than his 190 Benz. I ran into him and he drives a GL 450 now guess business has been good. Personally I would do a multimillion naira deal with a guy in a Golf 3.

My friend has a big poultry farm and he drives a recent Ford Pickup. He could have settled for a Peugeot 404 pickup but he targets high end clientele like eateries and big hotels.

poik: I agree. The '09 Highlander is too big for. A twenty-four year old, coming from a bent of modesty and economics. Though I don't know his financial capability.

A man's ride speaks volumes about him. Be sure to make the right statement

Siena: My take on this...

If you're still living with your parents at the age of 24, be prepared to abide by their rules. At the age of 21, I was living on my own, and responsible for my 13-year-old sister, as our parents were deceased. My first car was a 1983 Audi 80 1.6 GL Automatic, which I purchased for £70. I could have blown big bucks on an expensive set of wheels, but as far as I was concerned, my priorities meant it wasn't the right time.

When parents advise their children to buy a cheaper, lower-profile car, it's because they want the best for them. Unwanted attention is NOT always a good thing. I have no idea if this is this guy's first car. If it is, a N3.5M car is NOT ideal. I would advise something cheaper, at least for the first 2 years.

A guy who has N3.5M to burn should NOT be living at home with his parents. He should have a crib of his own, THEN he can park any car of his choice outside. A guy who would rather spend N3.5M on a car, without a crib to call his own has seriously misplaced priorities, and definitely needs a reality check.

Bottom line - you live with your parents, abide by their rules, or move out, and feel free to blow a small fortune on a set of wheels.

TheBigUrban2: If someone has wizkid's stature, does that mean he can not buy a jeep, even if he has the money?

Siena:

Stature? That has to do with body build. What does body size have to do with the sort of automobile one buys? I guess you mean "status".

And just so you know, Wizkid is an established entertainer, and does NOT live with his parents, or depend on them. So your "friend" is NOT directly comparable.

mdenigma: I also faced the same dilemma when I was ready for a car. Here's how I arrived @ a decision.
I didn't want a 'common' brand such as the camry and accord.
I also didn't want unecessary attention from relatives and colleagues who would think you've hit the jackpot cos u drive a benz or a 'jeep'
Maintenance and reliability is also key
I also needed decent power (so a 4 cylinder was out of d mix)
I went online 2 narrow my options
Finally I visited the dealer for a test drive
I settled for a 2008 lexus es350
I'm very pleased with my choice
Luxury,power,class, reliablity and distinction.
I'll recommend the 2010 edition where some exterior and interior upgrades were made
Cheers

mdenigma: Isn't she lovely?

Eyop: Lexus es350

Eyop:
Very lovely my brother but am a fan of Mercedes Benz anyday anytime though i appreciate Lexus a lot.

Fulaman198:

I like Mercedes design more, but Audi is really growing on me. With that said, As a man of 30 years old, I personally would go after either a 2015 Mercedes C Class or a 2015 Audi A4/S4.

Eyop:

Audi is cool but is all about choice anyway. I love Sedan more than SUV if not,the 2014/2015 ML350 should be the preferred choice. But I will make do with the W204 Mercedes C class 2012 and above

Fulaman198:

Yeah I love Sedans more too. When I start making an even bigger salary, I will buy a new 2015 C Class or 2015 Audi from UAE and have it shipped to Abuja (hopefully). That's my dream. In any case, my next car will be bought brand new. I don't know when it will be.