₦airaland Forum

afrodoc2:
My chief. You dey mentor person for IB?

Doc…no teach me bad thing abeg lool

obainojazz:
Dayo don forget as things be for naija

IB used to be a very cheap town as per rent, food, education and transportation, however I believe say those days done pass now. IB may not be as expensive as other towns, but it is no longer that lovely town where you get things for cheap. I don pay person rent for IB this year…and I paid over half a million for a 3bedroom wey no dey anywhere close to the supposed expensive areas for IB ooo.

raumdeuter:
A 3 bedroom flat in some places in Ibadan rent for 5k a month and 60k a year

So those nodding their heads might not be far from the truth

When itsrm told you how much he pays for rent in Port Harcourt he looked like a liar

Which area for IB naim 3bedroom flat be 60k a year? I strongly doubt you can get a room in any face me I face you house for 60k sef.

reccy:
diggz n gbo

Ignore dayo abeg

raumdeuter:
Using a 2016 car in 2024 na God why? A vehicle almost 10yrs old

Make i talk true, Hold dig. shirt well he go tell you as e dey go

Abeg abeg abeg….


Meanwhile….why you no gbadun electric vehicles for now?

obainojazz:
Diggz money
So you like Range Rover with all the issues they talk about.

Okija man…no chop your money alone o

iamoyindamola:
Borrow me that dollar na bros even if na one

You too wan start. No dey copy bad thing for raumdeuter hand o

Ibime:
Midrange should be like £28k to £40k tear rubber

Most cars will lose 40 to 50% of their value in the first 3 years, so if you buy tear rubber you will chop depreciation. From year 4, you are good to go

For mileage, it depends on the price range of the car when brand new, and the mileage you do per year. You will accept 70k miles from a BMW but won't accept 30k miles from a Vauxhall for the same price.

Also size of engine and fuel type matters. My current car was on 45k miles on diesel 1.6, but I won't hesitate to accept a 70k miles on a 2 litre engine from a reliable brand. A 2 litre diesel will die around 200k miles. Meanwhile you won't accept 30k miles on a 1.2 petrol engine because it will die at like 100k miles.

Thanks Ibime! Much appreciated

larride:
😂😂😂😂

Dayo….wahala too much! Na so him dey take run from settling boys. I dey find am go amelica go collect my share soon

afrodoc2:
Diggz na agba man. Na only motor asiko e dey drive.

lol….Dr abeg leave motor asiko for one side first….na Ibime model I don mount on top like this

raumdeuter:
That will depend on the cost price of the car. and how old the car is Most brand new cars depreciate by 20% first year and 15% after

The Accountant thing is not to buy a new car, buy like 3-4yrs old, when the value might have reduced by 50% then rock it

But as per say you be chairman you no fit dey ride used car, So tear rubber all the way like that Toyota Highlander wey you use send fun away

50K Pounds car na agba baller car. Thats a $65k. I guess mid range might be 35k and below

Egbon mi…..abeg put me for ground, na borrow I borrow that car

Thanks for the explanation, you too much!

Ibime:
Simple. I bought my current car last year for £14k. If I sell it now. I'd expect to receive £12.5k for it, achieving my aim. Or I'd expect to run it for 9.3 years to its death to achieve that depreciation target. That's the value I placed on motoring.

Midrange cars around 4 to 5 years old achieve this easily. I drive Honda CRV late 2018 model.

My last car did £1k depreciation from 2017 when I bought it to 2023. I sold it for £6k less than I bought it.

Thanks for replying so quickly. Chaiiii…….I hail thee!!!! You be really AgbaAccountant!

Meanwhile, am I safe to say that this can only work for used cars? The reason I ask is because I bought my madam a brand new Audi in 2021, and the current market cost is almost half the price on Auto sites and less than half if we're looking to trade it in with Audi.

Do you consider the mileage on the vehicle when calculating the cost per year? Also, what’s your definition of midrange cars? anything below £50k?

I am currently in the market to buy a car. Is there a way to purchase the car one desires without losing a significant amount of monetary value, as in your case? Or do you generally recommend avoiding brand new cars and opting for used vehicles instead?

larride:
Oga Ibime na Agba Accountant, judicious use of resource is part of our training.

I need that Ibime formular right now because the maths no dey maths well for my side at all o

larride:
Diggaman

Bro hafa? Una Osama try for una yesterday o.

raumdeuter:
Bros mi.

You don finally decide to bless me with this car

Allah increase your pocket

Oga mi, you too like to run from billings. Me way I still dey come collect small thing for your ends this year. Meanwhile, that Ibime £1.5k depreciation value per year still dey shock me. Abeg I need that help right now

Ibime:
Leasing has tax advantages if you are a contractor and the car meets certain environmental conditions

So if you run it through company it makes sense. Also some companies may offer car schemes with tax advantages that may make it worthwhile to indulge your fetish If you fancy a Tesla for example.

Other than that it makes financial sense to buy outright without these tax advantages. It depends on the emotional value you place on cars. Some guys like to drive the latest year plate and some guys like to get value. Either way is understandable and you make your choice to suit your preference

My preference is not to eat more than £1.5k depreciation per year so I make my choice based on that metric

Hafa?! which type cars depreciation no dey more than £1.5k per year? Abeg I need this info asap. Thanks.

WhoDeyHause:
Person wey we go bundle inside DSS van alongside pochettino. Long time baba digga 🤑

Bro I hail you specifically

Ibime:
That shït slaps

Portable brought it home

I'm impressed with Portable anytime I hear him so far the Yoruba no too plenty. I will start paying more attention

Wetin carry Skepta go force Yoruba inside him lines/verse? Dude Yoruba London accent just dey bust my head lol. Omo….him Yoruba no try at all lol.

popizaino:
I don come out confess my sins,i am now a free man not be associated with that thing call Pochettino.

Until dem sack your guy… we no go gree for you o lol

airmark:
Diggz, what will you say about Adabowale's ban?

Scummies ruined him.

Leyqute has some explaining to do lol

Omo....fvcking Boehly do this one sha. Popizaino.... why you do us dirty like this?

GloriousGbola:
Bros share these dollars na

Oga mi... I dey come Festac to collect small thing o lol

airmark:
Hey, my man diggz how things?

Timbros is now beyond repair. I later realized why you always called him lilbros.

I dey brother. Omo... Timbros na my guy... but him wahala too much. Naim be the real orginator of 'No gree for anybody' lol

raumdeuter:
Diggz sa digga my senior brother

That dollar wey you stash under mattresss for your Ikoyi high rise flat make we share am or make I tell boys your address?

Egbon mi... Twale baba. No dey do like this Dayo... I dey find you come Yankee come collect small thing abeg

nihilistjnr:
Digga diggz da diggadon

Any other digger na counterfeit


That dollars wey you hoard that time don crash economy bro

Brotherly I greet you specially!

Omo that small dollars don finish since o. Na egbon Raumdeuter i dey look up to now so lol

airmark:


Na diggz we suppose call for am.

Lol..

Brother, hafa? Abeg leave that man alone... E no dey ever gree lol.

nihilistjnr:
Can you send me the coordinates to 'here'?

For science.

Nihi... My man lol

Ibime:
Alex is a banker and knows better. He knows exactly how to measure ROIs and financial feasibility of projects, which makes what he is doing all the more evil. He is simply on a looting spree.

As long as you can borrow to have 10 times the budget of the previous Governor and deliver 3 times the projects, with just 30% of that budget, most Nigerians will hail you because they are mostly financially illiterate. Meanwhile you loot the other 70%. 8 years from now he will start hiring pressmen to write and blame the incoming Governor having left him bankrupt.

100%.

Naaah.....forget about him hiring pressmen. My guy will simply pull an Okowa and install another evil and mumu man as the governor. Then the process will start over again, rinse and repeat.

afrodoc2:
Wo make i just dey manage this place wey i dey so.

Na so oooo. I suppose follow enter Aussie, but that Okija Native Doctor called Obianojazz Don refuse to buy me ticket lol

larride:
We thank God.

Bless brother

afrodoc2:
.

My chairman, everywhere red. Billings plenty, bukata yapa but ATO (Australian Taxation Office) no dey watch Uche eye.

Omo e clear lol. You sure say you no go come enjoy this Tiefnubu tenure wey dey over profit me and my family so o lol

Ibime:
My gee. I salute your Government

Ibims....na me hail pass my oga. Meanwhile.. I dey enjoy your takes on Gov. Otti. Most of our leaders are clueless, especially when they are in power. Our polithiefcians only seem to become sensible once they are no longer in office. In Nigeria's current climate, one would expect all state governors not to borrow for capital projects which would further put their state in unnecessary debts, but no.... we must build useless capital projects like our former Ebonyi governor.

Here's a vid of Obaseki complaining few years ago about the past government printing money


https://www.youtube.com/watch?v=f6lyGJmJpG0?si=fwJ2hrmisUePVlU5

Any governor wey still dey borrow for capital projects that won't directly benefit the basic needs of their people...instead to invest in areas that would secure the fundamental needs of the common man, such as jobs, food, shelter and education....must end up like Ekweremadu.