Hata kuna gari za 300k ,250,200 kama haezi buy cash aendelee kutumia footsubishi
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Buying a car on loan is quite similar to starting to smoke while in campus. Itās a BAD MOVE influenced by social pressure. Unfortunately, people learn the lesson when theyāre already in too deep.
Tell your brother cars are not a sign of wealth!
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Sio kwa ubaya, lakini, how old are you? Try hung out with business guys. You only take a loan on something that will repay itself or an asset. A car is a liability that depreciates faster than you can think. If its not for business, dont take a loan. No matter how much you are making. Period.
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Yeye si jaluo, ni okuyu
Ambia yeye
Noted.
The best you can do is advice the chap on the pros and cons shared. Though hiyo ni kupigia mbuzi guitar (@Ice_Cube weka sketch) he has made up his mind.
hapa his mind is made about getting the carā¦ unaona options zote zina gari mwisho. Kumtoa hapo ni ngumu sana
[ATTACH=full]125329[/ATTACH]
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gold :D:D
Is this the speech you have with your inner self pale two rivers ukiona tissue za Hanan? @slevyn and @kingolonde are right.
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Right about what?
Anyway kama anataka gari wacha anunueā¦he is still young and able to handle mistakes and learn from them. If he cannot risk and enjoy his life now, when then can he do that? Let him take the loan now and and get his carā¦its still the same as saving if you ask me. Ile 5k atakatwa every month is the same as if he saved it every month. Its all about accountability on his part!
.Pure blood? 
There is this guy who does a teaching on finances called Financial Peace University. I would advocate of everyone to read / listen / watch the topics. You will get to know how to manage your finances at any stage of life.
Key to note with money: Enjoy now, Pay later or Pay now, Enjoy later. ( topic for another day)
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Dave Ramsey?
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Simple economics. This is the stage he sets the foundation of his financial future
Option 1: Buy the car on loan, pay double the cost of the car in the 5 years he will be paying it back. Assuming he works hard and is lucky to evade any income draining misfortunes he will happily own the by then 13 year old jalopy by the time he is done. But before then he will be a slave to that payslip, sticking in jobs that he hates, too financially drained to put a few coins in a business fearing losing it all. At 31 he will have to take up a bigger loan to upgrade the jalopy to convince his peers that it was really ya ākushikiliaā and there go his 30s
Option 2: use the money in a side venture to generate income. He definitely wonāt be part of the cool crowd buying loud Subarus- in the short term. If he works smart and the venture picks up within a year or two, he can comfortably pay cash for his new ride without the debt burden and will be better placed to invest his growing income based on his experience running his side venture.
In the meantime he can taxify kungurus back to the crib if thatās the motivation behind the car loan.
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What iām saying is his priority is a car. You can spend the whole day trying to convince him otherwise lakini unajiongelesha. And if he can be advanced a loan of 1m at 26, it means he can still buy the properties/bonds at 36 after repaying the loan.
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Kama kazi yake ni mobile kama contractor wacha anunue but kama ni mtu wa ofisi mwambie aache uyinga
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