Etini
Valued Contributor
For those of us staying in developing countries, we struggle with so many different things. Because of the level of poverty prevalent in developing countries, a car is a luxury. This is because a car would make you incur expenses on maintenance and servicing. With this in mind, when is the right time for a young person to consider getting a car?
Let's assume the young person is out of college and is employed in an average decent job. By that, I mean a job of about NGN100,000 - NGN150,000 a month. (approx. $210 to $315). At which point should such a person consider buying a car? Some people say after the first year of working. Some say after two years of working. Some say that salary is too small for someone to own a car because maintenance costs would eat up the whole income. Do you think that is true?
Let's assume the young person is out of college and is employed in an average decent job. By that, I mean a job of about NGN100,000 - NGN150,000 a month. (approx. $210 to $315). At which point should such a person consider buying a car? Some people say after the first year of working. Some say after two years of working. Some say that salary is too small for someone to own a car because maintenance costs would eat up the whole income. Do you think that is true?