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When is right for a young person to own a car?
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[QUOTE="Etini, post: 287855, member: 90141"] 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? [/QUOTE]
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When is right for a young person to own a car?
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