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Can An Average Business Man Still Own A Status Vehicle? - Autos - Nairaland

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Can An Average Business Man Still Own A Status Vehicle? by leaseeasy(op): 2:45pm On Mar 30, 2021
With the skyrocketing prices of vehicle, many business men have started to wonder if they would be able to acquire their own status vehicle. With the collapsing value of naira versus dollars, a vehicle that is ordinarily suppose to be a depreciating asset is now a store of value A 2004/05 Rx 330 that the foreign used version of it cost about N2.7m is now about N4.3m

That N2.7m can now only buy a Nigerian used version. So in effect as events unfolds, one can conveniently lock up value in ownership of vehicles than for example investing in treasury bills because of foreign exchange headwinds
Re: Can An Average Business Man Still Own A Status Vehicle? by leaseeasy(op): 2:52pm On Mar 30, 2021
As the raining season beckons, ownership of vehicles is no longer a luxury but in most cases is not affordable


leaseeasy:
With the skyrocketing prices of vehicle, many business men have started to wonder if they would be able to acquire their own status vehicle. With the collapsing value of naira versus dollars, a vehicle that is ordinarily suppose to be a depreciating asset is now a store of value A 2004/05 Rx 330 that the foreign used version of it cost about N2.7m is now about N4.3m

That N2.7m can now only buy a Nigerian used version. So in effect as events unfolds, one can conveniently lock up value in ownership of vehicles than for example investing in treasury bills because of foreign exchange headwinds
Re: Can An Average Business Man Still Own A Status Vehicle? by leaseeasy(op): 3:43pm On Mar 30, 2021
The truth of the matter is whether a decent vehicle is affordable or not a serious minded business man still requires a decent vehicle. You cannot for example go for a meeting with a client cruising a 2003 model highlander. You are addressed the way you are dressed

leaseeasy:
As the raining season beckons, ownership of vehicles is no longer a luxury but in most cases is not affordable
Re: Can An Average Business Man Still Own A Status Vehicle? by leaseeasy(op): 3:58pm On Mar 30, 2021
It is only in Nigeria that people save up to N5.8m in their quest to buy a 2008 Toyota Highlander when with just N1.8m, you can cruise the same vehicle to your client's location - It is all about information and financing options


leaseeasy:
The truth of the matter is whether a decent vehicle is affordable or not a serious minded business man still requires a decent vehicle. You cannot for example go for a meeting with a client cruising a 2003 model highlander. You are addressed the way you are dressed
Re: Can An Average Business Man Still Own A Status Vehicle? by leaseeasy(op): 4:15pm On Mar 30, 2021
Leasing as a financing option is not well developed in our clime but is a powerful tool for acquisition of status vehicle, pool of decent vehicles for business development officers and serviceable delivery vehicles for logistics professionals

leaseeasy:
It is only in Nigeria that people save up to N5.8m in their quest to buy a 2008 Toyota Highlander when with just N1.8m, you can cruise the same vehicle to your client's location - It is all about information and financing options
Re: Can An Average Business Man Still Own A Status Vehicle? by leaseeasy(op): 4:24pm On Mar 30, 2021
I will try to simplify as much as possible all that is involved in leasing options and why it is lease financing that you actually needs

leaseeasy:
Leasing as a financing option is not well developed in our clime but is a powerful tool for acquisition of status vehicle, pool of decent vehicles for business development officers and serviceable delivery vehicles for logistics professionals
Re: Can An Average Business Man Still Own A Status Vehicle? by leaseeasy(op): 4:41pm On Mar 30, 2021
It makes no meaning for example to buy a 2003/04 Toyota Corolla/Camry that will soon become obsolete when you can buy a 2008 model. Where is pencil light today? My neighbor, the fellow is a sailor has a pencil light he hardly uses it because most times he is on the high sea - very clean car like that - but he still let her go because the vehicle is obsolete

leaseeasy:
I will try to simplify as much as possible all that is involved in leasing options and why it is lease financing that you actually needs
Re: Can An Average Business Man Still Own A Status Vehicle? by leaseeasy(op): 11:22am On Mar 31, 2021
If you are looking for an addition stream of income or a plan B or about to retire but with sufficient energy or dissatisfied with your existing place of work or you know your place of work is distressed and looking for exit valve and you have a savings of up to 700k and your monthly income stream from all sources as evidenced by your bank statement is up to 450k - you can talk to me - I can help you structure a lease funding for acquisition of a Toyota corolla/camry for a value of up to N2.5m



leaseeasy:
It makes no meaning for example to buy a 2003/04 Toyota Corolla/Camry that will soon become obsolete when you can buy a 2008 model. Where is pencil light today? My neighbor, the fellow is a sailor has a pencil light he hardly uses it because most times he is on the high sea - very clean car like that - but he still let her go because the vehicle is obsolete
Re: Can An Average Business Man Still Own A Status Vehicle? by leaseeasy(op): 11:24am On Mar 31, 2021
You can use the vehicle for uber or bolt or even airport taxi or car hire in high end hotels and enjoy additional stream of income

leaseeasy:
If you are looking for an addition stream of income or a plan B or about to retire but with sufficient energy or dissatisfied with your existing place of work or you know your place of work is distressed and looking for exit valve and you have a savings of up to 700k and your monthly income stream from all sources as evidenced by your bank statement is up to 450k - you can talk to me - I can help you structure a lease funding for acquisition of a Toyota corolla/camry for a value of up to N2.5m
Re: Can An Average Business Man Still Own A Status Vehicle? by leaseeasy(op): 4:52pm On Mar 31, 2021
A monthly income stream of between 400k and 450k would conveniently run the lease rentals

leaseeasy:
You can use the vehicle for uber or bolt or even airport taxi or car hire in high end hotels and enjoy additional stream of income
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