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Nairaland Forum / Nairaland / General / Car Talk / How Did You Buy Your First Car (3590 Views)
How Did You Choose Your First Car? / Advice needed on 1.5m budget for a first car owner / When Did You Buy Your First Car And How Much Was It? (2) (3) (4)
How Did You Buy Your First Car by alaricsaltzman: 7:56am On Aug 12, 2019 |
Hello guys, kindly share how you bought your first car to inspire some of us are not privileged to own cars. Was it through savings, loan, mortgage or a mega business deal? Kindly share. We'll be in the comment section taking notes. |
Re: How Did You Buy Your First Car by aluluwan(m): 3:21pm On Aug 12, 2019 |
yahoo yahoo lol |
Re: How Did You Buy Your First Car by nurey(m): 6:12pm On Aug 12, 2019 |
I wasn't privileged to have a car in the university and my friends had cars and were getting pussy every weekend I said to myself I must buy my own car but legally, hustled for 3years and I bought a car after buying land and setting up another business. if you want to know the car I bought you must be a female and be manipulative 2 Likes |
Re: How Did You Buy Your First Car by Asquare84(m): 6:13pm On Aug 12, 2019 |
I Am planning to take a loan from my company cooperative in the next two month to buy a car 1 Like |
Re: How Did You Buy Your First Car by tmanis(m): 6:16pm On Aug 12, 2019 |
One of my friends lent me her car, I used the car to race, and earned some money.. I eventually used the money to buy my own car... In need for speed |
Re: How Did You Buy Your First Car by pocohantas(f): 7:13pm On Aug 12, 2019 |
nurey: Did you enjoy the car? |
Re: How Did You Buy Your First Car by Eddee(m): 7:41pm On Aug 12, 2019 |
nurey: Man, like Alfa Nu.rey Keep today holy! Asquare84: Please don't do that - you don't borrow to finance an expense unless of course you can find a way to monetize it. A car will drain you financially. It's a potential liability in your life's balance sheet, unless of course it makes you money (from car hire or taxi services). alaricsaltzman: Always had access to a car right from my secondary school days (I'm a terrible driver though), bought my first car from my personal savings. In retrospect, I shouldn't have invested in an item with a high depreciation rate as a car, should have put that money in a friend's business. Almost a decade later, regrets here and there but no permanent damage. 4 Likes |
Re: How Did You Buy Your First Car by nurey(m): 3:19am On Aug 13, 2019 |
pocohantas:yes I did |
Re: How Did You Buy Your First Car by Logobenz3: 11:26am On Aug 13, 2019 |
Mine was a gift from mom after I was robbed and almost kidnapped in a cab in Diobu,port harcourt when I was in university. The next thing I heard was go to Abeokuta sharp sharp and go collect your car 04 honda crv weh to fuel be dey pass me that year. Fuel been dey finish steady and nothing kazeems no bypass for that car. Fans ran direct on ignition,na 700 naira ATF men been dey pour for gearbox,adapted AC switch,k back leg,etc... I sold it I think last 2 years for 130k Nostalgia nostalgia. 3 Likes 1 Share |
Re: How Did You Buy Your First Car by dokyOloye: 1:45pm On Aug 13, 2019 |
Right after school when I got my 1st job.VW bora,manual gear. But was alternately pushing pops' flat booth and golf or my younger brother's 505 during school days. |
Re: How Did You Buy Your First Car by Nobody: 7:11pm On Aug 13, 2019 |
I never wanted to buy one. Our parents always told us how important it was to build and own a house before buying a vehicle and how having one is nothing but a liability. As a result, the first few bucks I made in life was invested in real estate. I got married and the pressure to own a vehicle started coming but Iocal man managed to resist till I one day saw a newly born baby brought to the house with keke napep. Anyone familiar with Onitsha before the Okada ban will know that getting cabs wasn't easy. Transportation was mainly through keke, bike and buses. There and then, it dawned on me I may have to go the same route, transporting my little one in a keke napep when he comes and I couldn't let that happen. I had to divert funds(mostly from personal savings and returns on financial investments) I was planning to invest into buying the vehicle and that was it. Looking back now, I'm glad I bought it and no regrets at all. 9 Likes |
Re: How Did You Buy Your First Car by Nobody: 8:10pm On Aug 13, 2019 |
Eddee: We dont know if he's taking the loan to buy a brand new vehicle under warranty |
Re: How Did You Buy Your First Car by Eddee(m): 8:21pm On Aug 13, 2019 |
rationalmind: This really cracked me up - who gives warranty on an instalmental deal? |
Re: How Did You Buy Your First Car by Nobody: 8:27pm On Aug 13, 2019 |
Eddee: The one Calcu.lux did not give, see where it landed us 1 Like |
Re: How Did You Buy Your First Car by Eddee(m): 8:34pm On Aug 13, 2019 |
rationalmind: He's a shrewd mathematician. Maybe, Baba G to the Z fit show am love. I heard he does a lot of giveaways during festive periods. |
Re: How Did You Buy Your First Car by harbahbio: 4:50am On Aug 14, 2019 |
please am so novice to the world of automobile, but due to what have read online i think vw vento is a good car to start with, can someone enlightening me more and is there any second hand for sell. |
Re: How Did You Buy Your First Car by nurey(m): 5:17am On Aug 14, 2019 |
harbahbio: The vento is a sedan golf 3. in other words hatchback = golf sedan = vento find Estrella or chibecan he put up one for sale sometimes ago. 1 Like |
Re: How Did You Buy Your First Car by alaricsaltzman: 6:42am On Aug 14, 2019 |
Logobenz3:130k |
Re: How Did You Buy Your First Car by Logobenz3: 8:18am On Aug 14, 2019 |
alaricsaltzman:I swear baba. It was too old,I sold it to mgbuka people I used it like a truck to go everywhere and carry everything possible then. Rice,whiskey,diesel,etc.. Thank heavens for better days.I swear it wasn't funny 1 Like |
Re: How Did You Buy Your First Car by ITbomb(m): 11:43am On Aug 14, 2019 |
After researching on pros and cons, and from personal experience. Going for a car is super important for hustle and entrepreneurship Avoid the trend or what friends would say (like, don't buy Matrix, it's a woman's car) and go for a fuel efficient, small car. It really helps in my productivity in hustle (there were some small deliveries runs in office that brings extra money). In handling building project, going to site and moving small materials isn't a problem. And like you have come to experience, my wife is not jumping 3 Keke + mini bus to keep her antenatal appointment And the car itself, I budget 1500 fuel for it every week, any hustle that makes me drive more than I should, I make sure the hustle buys the extra fuel Your choice makes a car either a liability or an asset rationalmind: 4 Likes |
Re: How Did You Buy Your First Car by Kelvin30286063(m): 12:43pm On Aug 14, 2019 |
alaricsaltzman: Mine was a different story, I wrote the story and published it on wattpad, a month later, it had over 1m reads then someone contacted me that he is from a publishing company in US and they want to buy the story so they can publish it in hard copy. Well, I sold it for $15,000 (3.6m) after setting up 2 businesses, I was left with 600k, not enough to buy land, not enough to build house and I already have two running business. Knowing that I'll spend it, I quickly decided to buy that Honda 2002 for 450k and spend the rest on refurbishing it to my taste. Cars give peace of mind and it gives you more class. That baby boy caused me a lot of embarrassment since it was my first car and I wasn't familiar with anything. The leg just dey pull anyhow for road. Sometimes it will cause hold up from here to Lagos. Last last, I sold it for 550k cuz it was very well customised then I bought another car after buying a land. It's my third car now. I'm a big Honda fan. 8 Likes 1 Share |
Re: How Did You Buy Your First Car by adanny01(m): 5:06pm On Aug 14, 2019 |
Eddee: I disagree. A car is different things to different people. If you look at a car as a liability, a wife is also a liability, a child is a liability, our old parents are liabilities, even our friends and extended families are liabilities. Hell, even a girlfriend is a liability. Yet, we keep having them even when we cannot afford them in some cases. What is the essence of life if one cannot make himself comfortable? Why should anyone refuse to buy a car saying its a liability. Would you rather buy a car (liability) or be constantly late to work risking your job commuting in a bus or taxi. Would you rather buy N500 fuel to go to and fro the next street 3 times or pay taxi N300 each way (N1800). A car is an unnecessary liability only when it is unreliable. A car becomes an unnecessary liability when you have another you can use or another means of travel that is time saving, cost saving and fits exactly in your schedule. A car is always a liability, a necessary or unnecessary liability. If you work night shift and close by 12midnight when your safety in public transportation is not guaranteed, would you refuse buying a car for your safety because a car is a liability? In your own case, you always had access to a car right from sec sch, op doesn't. Buying your own car is an unnecessary liability but for his case, it can be a necessary liability. 13 Likes |
Re: How Did You Buy Your First Car by Eddee(m): 5:30pm On Aug 14, 2019 |
adanny01: Yeah, I generalised a bit and to a large extent you're right. Anyway, the context I referred to was for him/her not to borrow in order to buy a Car. I won't support that, he should save first and foremost, irrespective of whether the car is an asset or a liability. Fixed assets will depreciate over time, servicing of loans and debts will not. Interest rates don't just drop (amortisation) on their own. The wife/girlfriend analogy really made my day 2 Likes |
Re: How Did You Buy Your First Car by Olumyyde(m): 12:48am On Aug 15, 2019 |
alaricsaltzman:Got my first car about 7 months back. Wifey n I contributed to buying the car. Simple ride for work n family movements. Thank GOD it has made life kinda easier, movement wise. 2 Likes |
Re: How Did You Buy Your First Car by diportivo: 8:46am On Aug 15, 2019 |
at first I thought I was on RantHQ page wtf!!!! |
Re: How Did You Buy Your First Car by alaricsaltzman: 3:29pm On Aug 15, 2019 |
adanny01: Nice! Well said. |
Re: How Did You Buy Your First Car by alaricsaltzman: 3:30pm On Aug 15, 2019 |
Olumyyde: Nice! Wifey like gold. |
Re: How Did You Buy Your First Car by Olumyyde(m): 4:46pm On Aug 15, 2019 |
alaricsaltzman:Yes o, u can say that again. Her contribution was 70%. I don't joke with her, na gold. |
Re: How Did You Buy Your First Car by SoNature(m): 7:10pm On Aug 15, 2019 |
Kelvin30286063: Please how does Wattpad work? I am a content writer. Thank you |
Re: How Did You Buy Your First Car by Kelvin30286063(m): 7:22pm On Aug 15, 2019 |
SoNature:Go and download the Wattpad app on Playstore and register. Post your contents and watch people read it. It's 100% free and they have billions of readers. 1 Like 1 Share |
Re: How Did You Buy Your First Car by SoNature(m): 7:40pm On Aug 15, 2019 |
Kelvin30286063: Thank you. I am on it. It seems the site is all about novels. No other articles |
Re: How Did You Buy Your First Car by Kelvin30286063(m): 8:12pm On Aug 15, 2019 |
SoNature:Yes now. It was never about article |
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