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DicklyD's Posts

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InvestmentRe: What Investment Mistake Would You Never Make In 2021? by DicklyD: 12:06pm On Dec 21, 2020
authority2006:
You are absolutely right. Vehicles are very expensive to maintain these days. You need to have time to monitor your assets and drivers because there's no way there won't be bad or reckless drivers among your drivers. If you notice that your car is being misused or the driver lies a lot, you will be able to change him.
And don't put your assets in the care of another person. I did that this year and I regretted it.
Just three days ago, one of my drivers damaged a vehicle part that would cost me 15k for replacement and 5k for possible repair. I gave him options to either repair it or stop working for/with me. He took the first option. That's how to stay in business for long.
Another one wasted my engine oil within 24 hours of servicing the vehicle that cost me 5k. He's to repay me 2500 out of the new replacement, yes.
Another one got my vehicle impounded for 6 days through his friend. One way or another, I'm getting 3 days deliver back from him and he knows that.
Transport business is about monitoring and supervision
Thank you. I am making plans of getting a car for either hired purchase or Uber. Guess if I can monitor the driver I can break even. Thanks
InvestmentRe: What Investment Mistake Would You Never Make In 2021? by DicklyD: 11:15pm On Dec 20, 2020
A305:
It often ends in regret. And you will not break even not to talk of making profit.

The car gets abused, maintenance and parts replacement are expensive, Drivers are never truthful or trustworthy. Mechanic will ruin the car even more with their trial and error style of professionalism.

The business is predatory and parasitic in nature, And this starts from the Ehailing app company to the drivers down to the riders.
Any personal experience?
InvestmentRe: What Investment Mistake Would You Never Make In 2021? by DicklyD: 9:54pm On Dec 20, 2020
A305:
If you not readily available to monitor/inspect your car often, NEVER make the mistake of coughing out millions or thousands of naira to buy a car for ehailing/ride sharing/Uber purpose.

I'm particular about RENTAL not HIRE PURCHASE.
Your reasons please

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