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Nairaland Forum / Nairaland / General / Car Talk / 100k Salary Enough To Get A Car? (52204 Views)
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100k Salary Enough To Get A Car? by coolluk(m): 11:49am On Apr 09, 2015 |
Hi Guys I have a job and i earn 100k per month and i am thinking of getting a car(been on the job for a bit), but i am planning maybe year ending, i want some advise from my good people in the house if it would be advisable. P.S - i dont have much responsiblity at the moment i am 25 and i am also bettering myself with some certifications. Thanks as you advise and not insult me, lol Please can this topic get to front page? thanks 16 Likes 3 Shares |
Re: 100k Salary Enough To Get A Car? by Nobody: 12:02pm On Apr 09, 2015 |
Getting a car is not the problem but maintaining it is the problem, ask yourself, what do you need the car for? business or just eko for show, if it's for business then go ahead but for the latter do not try it 141 Likes 8 Shares |
Re: 100k Salary Enough To Get A Car? by fanex: 12:11pm On Apr 09, 2015 |
look for a nicely nigerian used toyota corolla. maintenance wouldnt cost you much. not just living, quality of life is essential. you will live longer with less stress in your life. 248 Likes 14 Shares |
Re: 100k Salary Enough To Get A Car? by coolluk(m): 12:13pm On Apr 09, 2015 |
edozie04: Bro its not like i wanna buy a range rover, just for ease of movement and life in general PS- i work in an office and d car is not for business 122 Likes 8 Shares |
Re: 100k Salary Enough To Get A Car? by Nobody: 12:18pm On Apr 09, 2015 |
coolluk:Ease of movement ie eko for show, I strongly advice you use that money to buy a land, it will appreciate over time,100k basic is a no salary to use to maintain a car 92 Likes 5 Shares |
Re: 100k Salary Enough To Get A Car? by coolluk(m): 12:20pm On Apr 09, 2015 |
edozie04: Thanks 8 Likes |
Re: 100k Salary Enough To Get A Car? by nurey(m): 12:32pm On Apr 09, 2015 |
edozie04: 100k can't maintain a car, I disagree with this, a car isn't necessarily be seen as a luxury, but as a means of making life easier. If you spend close to #500 a day for transport come on for a week its #2500 even that I can use for close to a week on a V6 3.0L, I magine if the op was driving a corolla with 1.6L engine or 1.8L engine it will make a lot of sense. How much does it cost to service a car in a year theoretically Engine oil 12K x 3 Filter let's say 2K x 3 Brakepads 24k for a year all legs Miscellaneous 20k Total for a year 86,000 And you would have earned 1.2m in a year remove the maintenance from it u still have 1.1m to spend Since I have been using my car for a year (clean title tokunbo) I have not even spent 50k on it for a year I just change oil twice in a year, filter, brakes and light bulbs. 324 Likes 24 Shares |
Re: 100k Salary Enough To Get A Car? by coolluk(m): 12:34pm On Apr 09, 2015 |
nurey: I was surprised too, some people earn less and still use and maintain cars 213 Likes 8 Shares |
Re: 100k Salary Enough To Get A Car? by nurey(m): 12:37pm On Apr 09, 2015 |
coolluk: Those price I quoted were even hyper inflated its possible the op won't even spend upto a quater of that. 61 Likes 2 Shares |
Re: 100k Salary Enough To Get A Car? by davou4eva(m): 2:09pm On Apr 09, 2015 |
Bros, getting a car is not a luxury but a necessity. Just ensure to get a car that you can maintain within your income and ensure to be serious about the maintenance. I bought my first car when i was earning less than 100k and am already using my third car, i mean, i will sell the one am using and add some amount of money to buy new one. It's all about been prudent in your spending. Best 156 Likes 9 Shares |
Re: 100k Salary Enough To Get A Car? by coolluk(m): 2:12pm On Apr 09, 2015 |
davou4eva: Thanks, A Honda Accord fits this bill right? 17 Likes |
Re: 100k Salary Enough To Get A Car? by GAZZUZZ(m): 2:17pm On Apr 09, 2015 |
coolluk: Not enough info to give you a resonable response, break down what you do with 100k every month (dstv, rent, transport, food savings.....) After that it will be easy to answer. 31 Likes |
Re: 100k Salary Enough To Get A Car? by coolluk(m): 2:27pm On Apr 09, 2015 |
GAZZUZZ: I spend like 18k on transport and feeding monthly, my office is close to where i stay and i still stay with my folks and i can comfortably save 60k monthly Hope that's enough 22 Likes 3 Shares |
Re: 100k Salary Enough To Get A Car? by eginaP: 3:32pm On Apr 09, 2015 |
I want a clean Nigerian used EOD, my budget is N650,000. If you have any for sale and ready to discus business within that price range, kindly drop a line. A good corolla will also be considered. 5 Likes 1 Share |
Re: 100k Salary Enough To Get A Car? by GAZZUZZ(m): 3:34pm On Apr 09, 2015 |
coolluk: My own opinion, you don't need a car, save the money for a business, marriage, investment................ I'm sure there's a utility car where you live. 28 Likes 1 Share |
Re: 100k Salary Enough To Get A Car? by coolluk(m): 3:42pm On Apr 09, 2015 |
GAZZUZZ: So basically everybody that has a car earns more than 100k, is married or has investments?? 76 Likes 6 Shares |
Re: 100k Salary Enough To Get A Car? by coolluk(m): 3:42pm On Apr 09, 2015 |
eginaP: Bros did u see the topic?? 14 Likes |
Re: 100k Salary Enough To Get A Car? by GAZZUZZ(m): 3:54pm On Apr 09, 2015 |
coolluk: In my own opinion, "if I were in ur shoes" 17 Likes 1 Share |
Re: 100k Salary Enough To Get A Car? by DGD1(m): 4:12pm On Apr 09, 2015 |
since u want a car, DAT salary is OK, I wonder y alot of people think you have to earn 200k and above to own a car. if you can save to get a toks or good naija used car, all you need do is just to fuel and do routine maintenance NUREY has given you breakdown, dat is on the high side. using a car is beta n saves alot of stress, though I don't stay in Lagos, 2500 fuel will last me a week BT if I consider public transport will b spending @least 2000, now think of d stress from one taxi to d oda, no privacy, sum ppl will just talk to u any aw, d stress n discomfort, I bliv if am paying 500 for DAT, it Worth's it. bro go 4 d car n u won't regret. 108 Likes 5 Shares |
Re: 100k Salary Enough To Get A Car? by coolluk(m): 4:28pm On Apr 09, 2015 |
DGD1: Noted, thanks for your contribution 6 Likes |
Re: 100k Salary Enough To Get A Car? by Specialist900(m): 5:30pm On Apr 09, 2015 |
GAZZUZZ:spot on. coolluk:all he tried to say was that you earlier said where you work isn't far from where you stay. He then assumed that since you stay with your folks there should be a utility vehicle for you to use at home. In his opinion in which I seem to buy now, he said for now you don't need the car. It will pay you better if you invested the cash. 24 Likes 2 Shares |
Re: 100k Salary Enough To Get A Car? by coolluk(m): 5:32pm On Apr 09, 2015 |
Specialist900: point well taken, thanx 6 Likes |
Re: 100k Salary Enough To Get A Car? by seunben(m): 7:07pm On Apr 09, 2015 |
With that salary u can maintain a car, in fact people who earn less maintain their cars with no hassles. All u need is to get a car that is not expensive to maintain. I think it is even better u get ur car before getting married or starting a family. Having a car does not stop u from saving or investing. 24 Likes 2 Shares |
Re: 100k Salary Enough To Get A Car? by blackfm: 7:21pm On Apr 09, 2015 |
I'ld say go for the car so long u don't reach for ones with expensive maintenance. A regular car for a 25yr old is not luxury but a necessity if the initial outlay can be put together. A yoruba adage says when a child is old enough to own a hoe, we give him one. There might be a utility car at home but it's not urs and u still get restrictions and stuff.. The question should be what car to go for coz u certainly need one. 9 Likes 1 Share |
Re: 100k Salary Enough To Get A Car? by coolluk(m): 8:04pm On Apr 09, 2015 |
Thanks guys for your contributions, seeing different views from different school of thoughts Tanx 1 Like |
Re: 100k Salary Enough To Get A Car? by themodernman: 10:34pm On Apr 09, 2015 |
DGD1: I like your thought pattern, if only people will avoid ds "manage-manage" kind of lifestyle perhaps life-expectancy will improve in d country. I dunno wats #500 dat someone will wanna give himself high bp over. 37 Likes 1 Share |
Re: 100k Salary Enough To Get A Car? by Nobody: 11:26pm On Apr 09, 2015 |
edozie04:buy land?? Did he say he is interested in Estate Development? 50 Likes 1 Share |
Re: 100k Salary Enough To Get A Car? by Nobody: 12:05am On Apr 10, 2015 |
nurey:Don't know about where you are talking about but here in lagos to enter transport to work cost approximately 500 but to fuel a car I will spend 1500 a day (residents of iyanoba to orile lagos can attest to this) So tell me, if I earn 100k and spending 1500×5, you tell me how much it is, the truth should be said, for a guy at his age and status car is a luxury to him, why not he saves that money or invest and when he can earn 150 or even 200 then he is good to afford such luxury 17 Likes 2 Shares |
Re: 100k Salary Enough To Get A Car? by Nobody: 12:12am On Apr 10, 2015 |
Bossforeva:Giving him advice on where to invest 4 Likes 1 Share |
Re: 100k Salary Enough To Get A Car? by chucky234(m): 12:47am On Apr 10, 2015 |
eginaP:Call me only if you are serious |
Re: 100k Salary Enough To Get A Car? by chucky234(m): 12:49am On Apr 10, 2015 |
edozie04:1500 on fuel daily ? You must be cruising around town in a Bulldozer 103 Likes 3 Shares |
Re: 100k Salary Enough To Get A Car? by Nobody: 1:10am On Apr 10, 2015 |
chucky234:No, actually the traffic on the road is terrible 12 Likes 3 Shares |
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