₦airaland Forum

With Camry you can never go wrong.

fizzybaba:
i have been thinking for a while about the annual rate of depreciation chargeable on cars used in Nigeria.

Here is my story,

I tried to sell a 2001 Camry bought last year that clocked a year some weeks back. The price offered by prospective buyers was worrying viz a viz the purchase cost.

1.3M car now being priced for 800k after a year! Eventually sold it for 850k.

Mathematically, that is approx 35% off the purchase cost.

It is noteworthy that there was no damage of any sort apart from the bruises suffered by the bumpers(minor).

In accounting, we charge 25% as yearly depreciation. A new vehicle after four years has just been given birth to i dare say

I understand that as a car grows older, the rate may perhaps increase marginally but 35% is way too high

Buying a car is not an investment at all! Lately, i have been thinking of applying the same strategy in buying a car.

look for my choice car and buy 'a year used' model thereby making the owner suffer for the 35% depreciation rate.

Bright idea?

Nice thought there.

But I hope you are not thinking of Naija used.

Did they give any reason for the new plates, thought we had more pressing problems like good roads.

Did they give any reason for the new plates, thought we had more pressing problems like good roads.

Just a thought.

Wetin come be that?

Error

Must she do what she sees people doing?

Now she really looks like plastic.

Party time today.

OK would give you a call tomorrow.

We keep that in mind but still looking out for a black.

Yeah, nice talking to you.

Too sweet oh.

I just called you but no answer, I hope this stays till I come out.

Today is Saturday.

Money in Pocket

If not for.

Who loves work?

Cool.

Email sent.

You can include a Toyota 4Runner with the same stuff in your search.

Any news about this car?

Inboxing you now.

This forced marriage must be divorced.

You know the budget I said last time now.

^^^^

Really not easy.