Itsrm:


Your line of thought is perfect.

Getting a loan in this high inflationary environment can never be wrong in my eyes. Especially one with payment plan that can be spread over 5 years.

You'll likely never be able to save up to buy that car. Even if you manage to save up, it will be 6-7m by the time you're ready.

Hahaha

Which loan company will give you loan and spread payment for more than 24months?


Dey jonz, you will have to be an existing customer to get the one that will even give you 24months payment plan, and I hope you know this loan companies doesn't have fixed interest rate.

If he's getting a loan of 5m for 24months, he will be paying nothing less tha 350k monthly for that 24months, you think 350k monthly is worth that risk, I will say it worth it if there's job security in where he works

pope191:


45 nko 😂

45 don enter travelpause🤣🤣😔🤣

Omoapena:



I hope you're seeing the date on that comment...

Things have changed now o, I'm not sure you can japa with 20m to UK or US now self.

for real bro

pope191:


45 nko 😂

Lolzz.
Any age actually.
If you can afford it, please do it.
I chose that age range to avoid bias.

Less than 5% of people who left Nigeria legally regret it.

Omoapena:


Pls don't make the mistake to take loan to enter this business, for your mental health sake, pls don't do that....


Either you use your personal money and get the car or find a rental car...

Abeg I wan ask; why some of una dey always discourage people from joining the hustle by any means?
Is it not this same hustle we be doing?
I had no thoughts of loan when I got a rental to join the trade.
Imagine if I had someone to advise me to take loan then, I for be among the lucky people wey buy toks for 3m or less then.
Abi no be this e-hailing ni?
It is well oooh.

Much respect, boss.

lebete3000:


That's exactly what I plan doing. I'm an FG worker, so I plan getting a loan to buy like a #4m used Camry 2003 or thereabout, then move about with it paying off from my salary and also the income I might use it to bring occasionally from the riding app.

Instead of all this 1k/hr side gigs I'm doing in my work.

4m to buy a used Camry

Omoapena:

Hahaha

Which loan company will give you loan and spread payment for more than 24months?


Dey jonz, you will have to be an existing customer to get the one that will even give you 24months payment plan, and I hope you know this loan companies doesn't have fixed interest rate.

If he's getting a loan of 5m for 24months, he will be paying nothing less tha 350k monthly for that 24months, you think 350k monthly is worth that risk, I will say it worth it if there's job security in where he works

The man has told you himself he can spread the payment over 5 years.

I have no reason to doubt him because my wife has access to a loan facility of up to 9m at 5% annual interest rate that can be spread over 5 years.

What you don't know, you don't know.

Glithronix:

Abeg I wan ask; why some of una dey always discourage people from joining the hustle by any means?
Is it not this same hustle we be doing?
I had no thoughts of loan when I got a rental to join the trade.
Imagine if I had someone to advise me to take loan then, I for be among the lucky people wey buy toks for 3m or less then.
Abi no be this e-hailing ni?
It is well oooh.

Much respect, boss.

🤦‍♂️


If it was then, when fuel price was affordable and car price was affordable, it would have been better but if you intend to do that now, I will only tell you the truth.

I'm not discouraging but I just feel you shouldn't put yourself in that mental and physical stress.

Whoever wants to go ahead can go ahead if he finds it comfortable to, after all, I'm only giving my 1 cent

Itsrm:


The man has told you himself he can spread the payment over 5 years.

I have no reason to doubt him because my wife has access to a loan facility of up to 9m at 5% annual interest rate that can be spread over 5 years.

What you don't know, you don't know.

That bolded, I can argue it with anything that you don't know what you're saying.



9m loan with 5% annual interest rate, pls, which loan company or bank?

Sirianese:


4m to buy a used Camry

Nah even used car he wan take the money buy, well, them no dey tell blind man say rain dey fall...

Alright, thank you

Omoapena:


Ibadan and Lagos is big.

Where is the starting point in Lagos and where is the ending point in ibadan?

But, from berger to iwo road (to&fro), 25litres should cover the distance cox that's about 300km.

To be on safer side, buy 40litres of fuel, it should cover you wherever you're starting from in Lagos and wherever you're going in ibadan.

Omoapena:


That bolded, I can argue it with anything that you don't know what you're saying.



9m loan with 5% annual interest rate, pls, which loan company or bank?

Senior man calm down. No be only Lapo dey offer loan services.

I won't want to argue on empty data. Bring your 100k, make we place am with Pope191. I will show you with the bank that will give you a loan of over 2m spread across 48 months. Like I said before you argue show your money to Pope make I drop my own too make we do am tomorrow morning. I no dey tell you hearsay,.

Omoapena:


That bolded, I can argue it with anything that you don't know what you're saying.



9m loan with 5% annual interest rate, pls, which loan company or bank?

He said he will get loan from work na. That's how those loans are. The one in my office is even 2% for staff if you're paying back in year. Less than that if you're paying in 6 months. Government workers enjoy far better opportunities.

Omoapena:



I thought the intention was to use the car solely for Uber and pay off the debt with whatever you get from the hustle, i didn't see where you said you intend to use your salary to clear the loan....


Rentals isn't the same with taking loan to buy a car, rental will still give you sense of peace since the car isn't yours, and there will be no pressure on you coz you will know if you fail to remit and owner decides to retrieve his car, you're not loosing anything other than job. But when you take loan, the pressure to clear the loan, work pressure, car maintenance pressure and all will be a huge burden on you.



Anyway, since you intend to use your stable salary along with whatever you get from the car hustle, then it's fine....

Goodluck

I thought
I thought
I thought

Why don't you stop thoughting
Dear brother, always read and digest a post before jumping into conclusions

Raise your left hand, put your right hand on your armpit and repeat these: I will always read and digest a post before commenting

Shalom

Omoapena:


That bolded, I can argue it with anything that you don't know what you're saying.



9m loan with 5% annual interest rate, pls, which loan company or bank?

Okay

lebete3000:


Did the see where I said I'll be paying back- comfortably so, with my salary?

Besides is finding a rental car not the same as taking a loan? It's even worse in my opinion, cost it means you go use the car hustle day and night.

Me I just plan to use the car as a side gig, as my salary is gonna enter 550k by next year ending by God's grace. Deductions by my bank from my monthly salary will pay off the loan comfortably over the space of 5years, even if I no use the car hustle at all, let alone when I use it as a side gig, which most rental will never give you!

Think this my line of thought well again bro, and let me know what you think.

Taking a loan to buy a car is fine but using 4m to buy a Camry for this hustle in this fuel bulaba is a wrong move

Look for vehicles with smaller engine and buy

My two cent

tojahh:



Senior man calm down. No be only Lapo dey offer loan services.

I won't want to argue on empty data. Bring your 100k, make we place am with Pope191. I will show you with the bank that will give you a loan of over 2m spread across 48 months. Like I said before you argue show your money to Pope make I drop my own too make we do am tomorrow morning. I no dey tell you hearsay,.

I'm down
100k
You said 5% annual interest rate, and it's now 48months and not 5years, no problem.

I'm still down, 100k and I will say it again that there's no bank or loan company that will give you 5% interest rate annually on loan...


Pope, drop me your whatsapp, tomorrow before afternoon, I will credit you and let tojahh also credit you then we will both goto the company to make enquiry, we will have to approach physically or no bet.

Pope can also go with us to witness it and pay whoever wins the bet...

donbrowser:


He said he will get loan from work na. That's how those loans are. The one in my office is even 2% for staff if you're paying back in year. Less than that if you're paying in 6 months. Government workers enjoy far better opportunities.

Which office?

Just for clarity

Fiverr, tiktok or lasepa office?

dav1002:



Which office?

Just for clarity

Fiverr, tiktok or lasepa office?

LASEPA na

dav1002:


I thought
I thought
I thought

Why don't you stop thoughting
Dear brother, always read and digest a post before jumping into conclusions

Raise your left hand, put your right hand on your armpit and repeat these: I will always read and digest a post before commenting

Shalom

Lolz, oga, I hope you saw the comment I quoted, where did he say he will be paying with his salary..

I quoted what he said, and he only said to take loan for the hustle, he didn't explicitly give more explanation in that comment I quoted...


Besides, he asked for advise and opinion, I gave my 1 cent, it's now within him to decide on whatever he wants...

Itsrm:


Okay

Oga, no edit your quote, thank God I mentioned you before you edited it.


I'm down with your bet, let's credit either Pope or pearl for the bet and whoever we credit will be physically present to witness it when we make enquiry..



Una go just come here dey lie with confidence, 9m loan with 5% annual interest rate for 5years🤣🤣🤣

Omoapena:

Hahaha

Which loan company will give you loan and spread payment for more than 24months?


Dey jonz, you will have to be an existing customer to get the one that will even give you 24months payment plan, and I hope you know this loan companies doesn't have fixed interest rate.

If he's getting a loan of 5m for 24months, he will be paying nothing less tha 350k monthly for that 24months, you think 350k monthly is worth that risk, I will say it worth it if there's job security in where he works

The bolded was your argument.

I don't know about rates. I am particular about repayment duration.

tojahh:



The bolded was your argument.

I don't know about rates. I am particular about repayment duration.

Lolz.

But you said your wife have access to loan company that offers 9m for 5% annual interest rate.

Since you're shifting it, I will still tell you that no loan company will give you loan for more than 24months repayment plan as a new customer.

Oya, should we bet on this?


100k and I'm down.

dav1002:


Taking a loan to buy a car is fine but using 4m to buy a Camry for this hustle in this fuel bulaba is a wrong move

Look for vehicles with smaller engine and buy

My two cent

Na V4 Camry 03/04 I plan buy na.

Omoapena:


Lolz.

But you said your wife have access to loan company that offers 9m for 5% annual interest rate.

Since you're shifting it, I will still tell you that no loan company will give you loan for more than 24months repayment plan as a new customer.

Oya, should we bet on this?


100k and I'm down.

Calm down Apena, you get those offers when you work in an organization.

A 5-yr loan is not strange when you work in organizations.

lebete3000:


Na V4 Camry 03/04 I plan buy na.

Even though

Well like they say experience is the best teacher

You'd never understand my point now

Omoapena:



Oga, no edit your quote, thank God I mentioned you before you edited it.


I'm down with your bet, let's credit either Pope or pearl for the bet and whoever we credit will be physically present to witness it when we make enquiry..



Una go just come here dey lie with confidence, 9m loan with 5% annual interest rate for 5years🤣🤣🤣

I'm not interested in any bet with you because you'll lose and I don't need your money. You are ignorant and still arrogant in your ignorance

Interest rate on car loans for full staff of banks is 5% pa. Same as their PLAS. Short for personal loan against salary.

While PLAS has a tenor of 1 year and the loan amount lower, car loans can be spread over 5 years.

Again, what you don't know, you don't know.

Money na water , na millionaires full here

Omoapena:


Lolz.

But you said your wife have access to loan company that offers 9m for 5% annual interest rate.

Since you're shifting it, I will still tell you that no loan company will give you loan for more than 24months repayment plan as a new customer.

Oya, should we bet on this?


100k and I'm down.

Baba don mistake me for Itsrm o.

Na why I advise you to calm down just now. You no dey calm down. No be plenty notes Dem dey use pass exam.

Halahhalah:


Calm down Apena, you get those offers when you work in an organization.

A 5-yr loan is not strange when you work in organizations.

🤦‍♂️

You said when you work with an organization, which means you're not new to them and also, is the organization a loan organization where they give their employees loans upto 5years?

Sirianese:


4m to buy a used Camry

Too costly or too cheap?

If the former, you no know wetin market dey talk again be that oh.

Toks 03/04 Camry now na 7m plus oh, correct 2nd hand used na 4m. If you buy am lesser than that, you're most likely a 3rd/4th user.

If too cheap for that price, well na wetin I fit afford be that meen.

What's your take on this?

Omoapena:

Hahaha

Which loan company will give you loan and spread payment for more than 24months?


Dey jonz, you will have to be an existing customer to get the one that will even give you 24months payment plan, and I hope you know this loan companies doesn't have fixed interest rate.

If he's getting a loan of 5m for 24months, he will be paying nothing less tha 350k monthly for that 24months, you think 350k monthly is worth that risk, I will say it worth it if there's job security in where he works

Just shut up already
You talk too much.
You are bound to words you know little about.