It is good to have a car because having a car will save your time, save you from unpleasant people, for pleasure trips, emergencies, carrying family and things but it is not necessary that you must get it by force by fire. The moment you buy a car, you must be ready to maintain it and failure to do that, you know what's gonna happen.

You need to look at your business and how money is coming-in/monthly income before deciding to buy any car. I've seen mostly young guys that bought cars between N3M - N7M and after using it for so many years, they are unable to replace it with something higher or similar. How will a person buy a car of N5M and after using it for 2 years, he sold it and bought another car of N1.6M while some sold their cars and can't afford to buy another one. Is that a progress or what?

Please Note, if you have a car, nobody will believe you that you are broke, nobody wanna help you. In-fact friends won't gift you money talk-less of borrowing you because they will think, you are rich for owning a car.

Finally, nothing wrong if you wanna buy any car of your choice but buy something reasonable. You can't have N6M and buy a car of N3M. Tell me, in 2 - 6 years time, will you be able to replace it with something higher or similar? That's why you need to think of your next car.

We all pray for progress in our lives. Endeavor to spend more on assets that bring more money for you than something that suck you dry (liability).

What's your reaction to what i stated above?

A car is a tool of effectiveness and not a symbol of success. At least,that's what it's supposed to be.

Thanks. Nice post. I have be contemplating on buying my first. But the question at the back of my mind has been "do I really need it?". And to be honest I haven't been able to answer. I guess I will just pipelow for now.

When the price hike in fuel in 2015 I know someone who already had a high maintenance cost so the fuel hike had compounded things for him. He sold his SUV and bought a Camry

It's being wise or cutting your clothes according to your size or saving cost

Nics one sir... Car is a liability so I go for something durable that can serve me for two or more years without draining my pocket. Anything above 3m is a no go for me.