CocoaOla:


You need to evaluate your mental health sir

If you cannot read to understand


Relative to income, no country has more outrageously unaffordable Bills than Nigeria, look at food inflation being 18000% since the 80s..how much has income increased? Abroad you can easily afford your Bill's when you're fully employed but in Nigeria u cant.

Newboss:


You're still missing the point.

The price of freshly imported cars affects the price of locally used cars. It's simple economics. We're not talking about abroad but our local economy here in Nigeria.

My last reply to you.

Newboss:


You're reasoning in the wrong direction.

Inflation is a major factor. Price of freshly imported cars affects price of locally used cars.

HEAVEN4444:
how do you come to this conclusion ?

Bobxin:

"Bad roads" I guess

Freezby2020:


Sincerely speaking, I have done 185km/hr in 2010 with my Honda Accord, Baby Boy. On my way to Kano State from Abuja. I was very young and extremely in my mid-forty then. But can't go beyond 120-130 now max out of fear of course.

CocoaOla:


1 Naira is going to #1000 soon you are saying trash Nigeria is Bad with stupid people living in there

Very soon you will buy one sachet of pure water for like #500 then you will wake up from your slumber

GloShare:


You're too stubborn to learn.

A used car costs 1m in 2015. USD at the time was 250/$ so the importer may have bought it for $3k+other expenses.

Now, if an importer buys a used car for sale $3k, he will sell for 2m because usd is now 500/$.

So even though the car depreciates, the value is higher because of inflation ad exchange rates.

Because these imported cars are now expensive due to exchange rates, people will be forced to look at locally used ones.

When locally used sellers see many customers, they increase the price of their cars and benefit from competition.

GloShare:


You're too stubborn to learn.

A used car costs 1m in 2015. USD at the time was 250/$ so the importer may have bought it for $3k+other expenses.

Now, if an importer buys a used car for sale $3k, he will sell for 2m u usd is now 500/$.

So even though the car depreciates, the value is higher because of inflation ad exchange rates.

Because these imported cars are now expensive due to exchange rates, people will be forced to look at locally used ones.

When locally used sellers see many customers, they increase the price of their cars and benefit from competition.

GloShare:


You're too stubborn to learn.

A used car costs 1m in 2015. USD at the time was 250/$ so the importer may have bought it for $3k+other expenses.

Now, if an importer buys a used car for sale $3k, he will sell for 2m because usd is now 500/$.

So even though the car depreciates, the value is higher because of inflation ad exchange rates.

Because these imported cars are now expensive due to exchange rates, people will be forced to look at locally used ones.

When locally used sellers see many customers, they increase the price of their cars and benefit from competition.

Emeka71:
My cousins Sienna has limit of 280; and sometimes on the highway; he runs the speedometer to the very last and the speed is still increasing.

Emeka71:
My cousins Sienna has limit of 280; and sometimes on the highway; he runs the speedometer to the very last and the speed is still increasing.

gly2ken:
Today I saw a car with an Odometer above 500,000km. What is the highest you have seen. Picture attached.

CocoaOla:
How exactly are we not worried that a car that cost like N1,400,000 around 5 years ago now costs like N4,000,000+ .....when it should cost around 800k - 900k after 5 years?

The car must be depreciating abroad but appreciating in Nigeria

Stupid Nigerians and foolish
economy policies has turned liabilities into assets. NIGERIANS ARE COLOSSAL FOOLS

sonnie10:


You were very young at mid forty? This here has changed my mindset from today

sirblend:


When he says "very young" at mid forties it is very possible he might have doubled that age now

chloride6:


Nice...

I recently bought a car with 300k on it..

Runs great

Nice to know mileage isn't a guillotine.

nedekid:
My Honda pilot is 205,000 miles or 330, 000 kilometers.
Same engine. Never changed. Infact it wount have been touched if not for when the timing belt cut at ore Expressway.
Bought it when it was 130k miles or 210k kilometers 9 years ago.

HEAVEN4444:
as you are doing 100 are villagers not involved ? try to do 100 on any american road you are going to jail

lookingfly:
na naija we de ooo�

Reference:
Engines of most automobile models can run well into 7 figure milages.
The key first of all is the luck in getting a vehicle with a quality engine off the production line in the first place then a first or series of owners that diligently maintained the unit with OEM parts and then obviously driven in a relatively benign environment.

These three factors put to get her are very, very, few and far between.

you go know say my 100 na joke considering the way some people go fly pass you for that road. Those once de probably de run 240 and above.

CocoaOla:


You and family may suffer it by the time 1dollar equal to 1000
What is Nigeria’s inflation rate?

How can A sardine be sold for N650?

Our second highest currency note cannot buy 1 Titus sardine?

A family size loaf of bread is N700?

South Africans will shut down their country if food prices go this High,

Egyptians will do worse.

You are a lazy fool

Oloriburu media cow

CocoaOla:
How exactly are we not worried that a car that cost like N1,400,000 around 5 years ago now costs like N4,000,000+ .....when it should cost around 800k - 900k after 5 years?

The car must be depreciating abroad but appreciating in Nigeria

Stupid Nigerians and foolish
economy policies has turned liabilities into assets. NIGERIANS ARE COLOSSAL FOOLS

GloShare:


My family can't suffer

I am not in nigeria

I earn in $

Very good job with benefits.

Now between you and I, who's living a pathetic life?

yankison:


Stop the rubbish jor .. that is what we are saying ..coz u now live outside nigeria now means u can mock people in here ?
Assholes