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Nairaland Forum / Nairaland / General / Car Talk / Total Value Of Your Cars Relative To Your Net Worth (38923 Views)
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Re: Total Value Of Your Cars Relative To Your Net Worth by bigcee(m): 1:05pm On Apr 29, 2020 |
dangoteinlaw:God bless you! |
Re: Total Value Of Your Cars Relative To Your Net Worth by lexy2014: 1:06pm On Apr 29, 2020 |
ednut1: That's because they managed their finances better than MC Hammer and Nicholas Cage. Its not rocket science 1 Like |
Re: Total Value Of Your Cars Relative To Your Net Worth by Nobody: 1:08pm On Apr 29, 2020 |
What's the value of legedizbenz? 4 Likes |
Re: Total Value Of Your Cars Relative To Your Net Worth by samsard(m): 1:08pm On Apr 29, 2020 |
demolagilbert:Those debts are the same reason why they also have a higher standard of living. Would you prefer a credit-based America with higher living standards or Nigeria with hellish conditions? 4 Likes |
Re: Total Value Of Your Cars Relative To Your Net Worth by duality(m): 1:08pm On Apr 29, 2020 |
seanwilliam: � Please what is this net worth. Is it savings? 1 Like 1 Share |
Re: Total Value Of Your Cars Relative To Your Net Worth by Nobody: 1:08pm On Apr 29, 2020 |
baconline: I used 80% of my savings when I bought my very first car. Not investment or anything. I just got tired of commercial rides & the heat was very annoying. So I emptied my bank account at that time & bought toks 307 with A.C. IT WAS DAMN WORTH EVERY PENNY. 15 Likes |
Re: Total Value Of Your Cars Relative To Your Net Worth by Anitameb(f): 1:09pm On Apr 29, 2020 |
Please I don't have much to say.....I'm very hungry...... Help a dying sister.... NOTHING IS TOO SMALL. 0767914224 Access Bank Sylvester Nnenna Ada. |
Re: Total Value Of Your Cars Relative To Your Net Worth by duality(m): 1:10pm On Apr 29, 2020 |
dangoteinlaw: Please explain further. |
Re: Total Value Of Your Cars Relative To Your Net Worth by ArticleBeast: 1:13pm On Apr 29, 2020 |
homeboy205:Bro you just beating around the bush. What op said is so easy to understand |
Re: Total Value Of Your Cars Relative To Your Net Worth by lexy2014: 1:13pm On Apr 29, 2020 |
GamalNasser: Which research did u do to have come to d conclusion that "99 percent of people will remain broke whether we like it or not"? Can u pls share details of ur research? Is it MC Hammers record label that made him broke or is it d film studio that produced films for Nicholas Cage that made him broke? Is it because Cage and Hammer didn't pray for grace that they became broke? Pls explain d nexus between praying for grace(eye opening) and d examples of MC Hammer and Nicholas Cage that I gave 2 Likes |
Re: Total Value Of Your Cars Relative To Your Net Worth by ArticleBeast: 1:15pm On Apr 29, 2020 |
samsard:Loans are bad if it isn't working for you. That is why most Americans die in debt and all. |
Re: Total Value Of Your Cars Relative To Your Net Worth by demolagilbert: 1:16pm On Apr 29, 2020 |
samsard:that is why I said FOR ME debt financing only for business is tenable. Not to buy car, or house or laptop. 1 Like |
Re: Total Value Of Your Cars Relative To Your Net Worth by Zyzxx10: 1:17pm On Apr 29, 2020 |
It's people that have enough to feed and buy cars.Let me just be viewing. |
Re: Total Value Of Your Cars Relative To Your Net Worth by toxtimmy: 1:17pm On Apr 29, 2020 |
baconline: Not just cars only... We black people na we buy designers cloths and apparels like say na directives from our slave masters we dey follow to buy them. I mean look at the blacks in the US, Jamaica, Canada, Europe etc... same mentality regarding cars OP stated above. The only reason why oyinbo and asians (i.e. chinesse, japanesse etc) people smart pass us is they are always focused on finding the pattern in every fact in life... they now either document it as not good or use it to their advantage.... but fortunately they use it for their advantage as a group while we dudu always never like correcting things but rather dig holes into foolishness. proud to be black and we need to wise up. 3 Likes 1 Share |
Re: Total Value Of Your Cars Relative To Your Net Worth by MrPaul2: 1:17pm On Apr 29, 2020 |
Kingpele:God go bless you hare I could remember when I was using one old car, they always stop me, it got to a point that I will stop even before they stop me just to tip them something, last year God change my story and I got a fairly nice ride. Once I'm coming I notice they don't stop me the way they use to, even if they do, I give them my papers as usual they will tell me sorry join without bribe. I couldn't believe my eyes the first week, this days its like most of them know me now on my way to work, they will be shouting oga yellow anything for the boys when I slow down. If anyone tell you there is benefit in driving a jalopy tell him or her to try a beautiful ride. 12 Likes 1 Share |
Re: Total Value Of Your Cars Relative To Your Net Worth by emmanuelewumi(m): 1:19pm On Apr 29, 2020 |
ednut1: For people just starting, you should be worth N3.2 million. The means apart from your car you still have other assets or Investments worth N1.6 million 1 Like |
Re: Total Value Of Your Cars Relative To Your Net Worth by cococandy(f): 1:20pm On Apr 29, 2020 |
That’s reasonable. Seeing as a car is not an investment rather it’s a liability |
Re: Total Value Of Your Cars Relative To Your Net Worth by ajl: 1:21pm On Apr 29, 2020 |
0 to 20%? Obviously this poster is a Nigerian. How in heaven could one expect your car to be worth 20% of total value of your asset? Except you use your car for business and generate income from it, it should be less than 10% for a typical every day people. For most folks, your car is a liability that depreciate in value with time. Imagine you bought a new car few minutes ago and use drive it home but decided to return it following day. Do you think the dealer will take it from you at the price as the sale price? 1 Like |
Re: Total Value Of Your Cars Relative To Your Net Worth by duality(m): 1:24pm On Apr 29, 2020 |
Sagay212: Corona? So you won't come out of the car? The late COS didn't have cars ? So people with cars don't get robbed? I'm a bit surprised 3 Likes |
Re: Total Value Of Your Cars Relative To Your Net Worth by ajl: 1:26pm On Apr 29, 2020 |
Kingpele: Only a Nigerian can use all his savings to buy a car because he has a steady income. I know a businessman wouldn't do that. So, meaning only an employee can do this. This type of person need prayer. Or you are a victim of Nigeria's "unnatural" circumstances. So, you bought a car on the basis of avoiding police checkpoints. Who still normal for this Nija? 3 Likes 1 Share |
Re: Total Value Of Your Cars Relative To Your Net Worth by jaxxy(m): 1:27pm On Apr 29, 2020 |
Lol it depends on sm factors I might say. What If the car brings u the Money or opens other doors? There are reasons people buy cars not just to flex. Sm are chasing contracts and business and have to appear a certain way smtmes. I'm not saying be fake bt... ibkayee: U might have to be either a miser or serial investor to follow that rule. Meaning ure tripling ur unsed cash rather than buying a damn depreciating car. Lol 1 Like |
Re: Total Value Of Your Cars Relative To Your Net Worth by Bbbwings: 1:28pm On Apr 29, 2020 |
emmanuelewumi:It seems I'm qualified. Will collect cooperative at the end of the year |
Re: Total Value Of Your Cars Relative To Your Net Worth by Nobody: 1:28pm On Apr 29, 2020 |
Op it's a choice, all these people talking BS and lying upandan, when when am ready I'm not buying any car less than 10m. Even if I have 5 million remaining, it's what I want! 3 Likes |
Re: Total Value Of Your Cars Relative To Your Net Worth by duality(m): 1:29pm On Apr 29, 2020 |
annisy: Humm.. just for happiness? Naaah! Wisdom is better than happiness Prov 15:21 Stupid people are happy with their foolishness, but the wise will do what is right. 1 Like |
Re: Total Value Of Your Cars Relative To Your Net Worth by akinsmail51: 1:29pm On Apr 29, 2020 |
weyreypey: Bitter Truth = IF YOU DONT ACT BROKE IN NIGERIA THEY WILL DRAIN YOU .... |
Re: Total Value Of Your Cars Relative To Your Net Worth by Jarus(m): 1:30pm On Apr 29, 2020 |
Just did a rough calculation of this for the first time. Came to less than 4%. |
Re: Total Value Of Your Cars Relative To Your Net Worth by cmoney22222: 1:30pm On Apr 29, 2020 |
Chai I have laff tire ... boss your head is there biko. Everybody should hustle well so you don’t buy car police go use flog you join. Lol Kingpele: 2 Likes |
Re: Total Value Of Your Cars Relative To Your Net Worth by samzepaparazi: 1:31pm On Apr 29, 2020 |
ibkayee: I have a question Why do companies give their employees cars that cost more than their annual income then 1 Like |
Re: Total Value Of Your Cars Relative To Your Net Worth by Dollabiz: 1:33pm On Apr 29, 2020 |
Liabilities has no value on the long run. I don’t fancy cars for whatever it worth |
Re: Total Value Of Your Cars Relative To Your Net Worth by EgunMogaji2: 1:34pm On Apr 29, 2020 |
baconline: I'm an unapologetic Autoist. I love vehicles and I fall inline with your definition of irresponsible. I wear the badge proudly 3 Likes |
Re: Total Value Of Your Cars Relative To Your Net Worth by duality(m): 1:34pm On Apr 29, 2020 |
Adakintroy2: Okay na... She go ask you make you help am with house rent money. |
Re: Total Value Of Your Cars Relative To Your Net Worth by Xclusiveme: 1:34pm On Apr 29, 2020 |
Someone that bought a car of 5million surely has about 8 or 9million before buying the car. So what's the biggie? I don't think cars add to networth at all cos the price of cars loses its value overtime. 1 Like |
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