Hello everyone. I wanted to tell you also of this sacco called tower sacco. Car financing is @0.84% per month. That translates to about 10.3 per annum.
That's good one Next can you talk about the one who brought a new car by period of 3 years he or she will be returning his money... And how can I reach you 🙏
After 3 years that car (a new one) may never sell at 1.4m as you assume,,,,may be 1.7m or even more. Consider time value for money my brother! Secondly, who tells you that the car being sold at 1million after 3 yrs shall have no wear and tear just the same way the 1.4 million one ???
I think instead of giving a partner that 9k per week which is 36k per month why don't pay for a loan or do hire purchase with that amount of money and just take a second hand vehicle which is around 450k.
First getting 300-400k for deposit is an issue. Secondly the cost that comes with maintenance, you may find at times that driving a partner's car is much much better.
@@Explore254Discoverhello Niko Na Sacco ya unaitas but nikinunuliwa ngari ya 600k nafaa nilipe 26500 Kwa 2 year ndio ikue yangu can I make it bro ama niwache ??
Good content but you need to be practical as well. The driver has expenses as well so he needs to consider his bills before saving. Loans are not that bad. If you have a job and buy a car on loan this is doable.
This video you are telling us to continue to work for partner cause not everyday are the same and you can't save 1500/= daily and consistently, and things might come up leading one to us the savings. In every business it's a matter of risk taking and if you can manage to give a partner that 8500/= per week why not pay that hire purchase car
At the end of 3year the price of cars will have increased 3years back in uganda a 2007 toyota fielder was @26million right now its @35million Becareful when trying to calculate alot. At the end of 3years of saving one may find himself buying the car that the hire purchase guy is selling off 😂
@@Fagiolachuma-gc1pl the badly beat down cars do. All in all i was pointing out the fact that he assumes so many factors remain constant. A person who buys a car today buys it cheaper than one who buys it 3yrs later
am of different opinion...you arent practical cos life happens its got expenses, emergency,social responsibilities...guys this chasing a wild goose ..transport business is dead#fact... guys do research according to trends try something else n those bit younger instead of saving for 3yrs for a car,just acquire a skil afta 3yrs u be so far...bn there done that..
Great assessment...thank you for the enlightenment
That one was good. Biashara, Stima, and Waumini Saccos. Buddy, I learn so much from you.
Be blessed.
Kudos man for the simple and straightforward infor.
Thank you Sir. Well elaborated and precise. Very informative.
Sometimes I regret when I run out of emergency funds for maintenance. But as you said; it's regular cash flow! Unlike money market etc
In real saving that kind of money as a driver it's not a joke
This one was so informative. Thank you brother
mind you, when you drive your own car, is not the same when you give a driver.
Thanks for the information sharing
Thanks for such information bro. Truly helpful
Kenyans are sincerely loosing coz of lack of knowledge/ ignorance, its good that we have such platforms coz its eye opening. may your business sell
Life is so hard in kenya... we don't do this hesabus. We just try what comes in out mind
The best thing with loan is that you don't use your money...
Good job
Very good job excellent
Good content 💯💯... very informative 👍👍
This is very insightful
a very good insight
Good stuff Wambugu!
Thanks Mike
@@Explore254Discoverhow can i contact you for advice ?
Hello everyone. I wanted to tell you also of this sacco called tower sacco. Car financing is @0.84% per month. That translates to about 10.3 per annum.
Where is it located
@bonfacewachira3297 kariobangi there's a branch. Search for it on chrome.
@@bonfacewachira3297located in kariobangi kwa stage opposite Equity bank rounda.
@@bonfacewachira3297 olkalou
@@bonfacewachira3297 ...its at kamakis and at rounda(kariobangi)....bn a member for 8yrs...b4 it entered nairobi its the best
saving issa no joke while somes saccos can really frustrate u wahalaa
Hii mambo ya loan ni mbaya, unfortunately people have been duped into believing there is easy money in uber/bolt so aty pesa itajirudisha
That's good one
Next can you talk about the one who brought a new car by period of 3 years he or she will be returning his money... And how can I reach you 🙏
Nobody keeps a job for 3 years my friend ...this thing is too hypothetical
but insurance and repair umefanya za 1year
What about giving your car to a driver.... How are the returns?
Good job.
You’re using a lot of assumptions bro. Remember that’s not your car. It can take you even 10 yrs to save for you to get that money
After 3 years that car (a new one) may never sell at 1.4m as you assume,,,,may be 1.7m or even more. Consider time value for money my brother!
Secondly, who tells you that the car being sold at 1million after 3 yrs shall have no wear and tear just the same way the 1.4 million one ???
There are bills to settle do practical maths..good job though
Correct
Congratulations I follow you
And how much can one save monthly to buy the car in 3years?
Do u tell them how hard it is to. Get a partner and he doesn't recall the car without notice
Something is wrong with your calculation when you add 350K to the guy going for a partner
Now i know
I think instead of giving a partner that 9k per week which is 36k per month why don't pay for a loan or do hire purchase with that amount of money and just take a second hand vehicle which is around 450k.
The diffrence is that by loan, all the services, repairs and everything is you but ya wenyenye kila maintance ni yeye
@@josephnjoroge3092 sikuwa nimejua hii
@@josephnjoroge3092 True
Good job bro
First getting 300-400k for deposit is an issue. Secondly the cost that comes with maintenance, you may find at times that driving a partner's car is much much better.
What if the loan guy sells the car after those three years?
Do the maths and share with us the results
@@Explore254Discoverhello Niko Na Sacco ya unaitas but nikinunuliwa ngari ya 600k nafaa nilipe 26500 Kwa 2 year ndio ikue yangu can I make it bro ama niwache ??
Good content but you need to be practical as well. The driver has expenses as well so he needs to consider his bills before saving. Loans are not that bad. If you have a job and buy a car on loan this is doable.
It is advised that you spend what is left after saving and not vise versa
Today you're not thinking straight
Why are you not considering that the car is making 1300 per day.😊
Or or all my dude your diction confuses us 😅😅 so much raw or low, dliver or driver?Ron or loan?😅😅😅waaaaa
This video you are telling us to continue to work for partner cause not everyday are the same and you can't save 1500/= daily and consistently, and things might come up leading one to us the savings. In every business it's a matter of risk taking and if you can manage to give a partner that 8500/= per week why not pay that hire purchase car
I think you have not understood his concept
At the end of 3year the price of cars will have increased
3years back in uganda a 2007 toyota fielder was @26million right now its @35million
Becareful when trying to calculate alot. At the end of 3years of saving one may find himself buying the car that the hire purchase guy is selling off 😂
😢😢In Uganda cars don't depreciate!!! Woooow😮
@@Fagiolachuma-gc1pl the badly beat down cars do.
All in all i was pointing out the fact that he assumes so many factors remain constant.
A person who buys a car today buys it cheaper than one who buys it 3yrs later
@@ergaba08 true
@@Fagiolachuma-gc1pl right now you cant buy an un registered 2006 car. You will go for a 2010min which cost X2
So depreciation works on my hire purchase car while inflation works on another’s savings 😁
Hae how can someone reach you out
localsays@gmail.com
am of different opinion...you arent practical cos life happens its got expenses, emergency,social responsibilities...guys this chasing a wild goose ..transport business is dead#fact... guys do research according to trends try something else n those bit younger instead of saving for 3yrs for a car,just acquire a skil afta 3yrs u be so far...bn there done that..
Where do you gey the log book yet you are saving to buy a Car...... Bure kabisa