The Range Rover has become a very popular jeep in Nigeria
lately. In the western world, Range Rovers are mostly owned by
celebrities and royalty.
What influences Nigerians choice of car?
Spending without progress
We
often spend to impress, using money we don’t have to buy what we don’t
need to impress people who don’t care. For most of us, apart from our
homes, the automobile is our second biggest ‘investment’. This is where
most of our money goes. We are in the market for a new car every couple
of years, keeping up with the latest models at the expense of making
progress towards our financial goals.
Image affluence
You
cannot hide your car. Your car announces your arrival everywhere you
go. That is the first thing people see, and often use to categorise you.
We want to look cool and belong to the happening crowd. Nobody enjoys
looking like the poor cousin. We want to look affluent, even when our
pockets are empty and our fuel gauge is close to empty. Lol
We
have thus made the automobile to become a symbol of who we are. It is no
longer a box that takes us from point A to B in safety and comfort. We
believe your car defines who we are – ‘you are what you drive’. People
with this mindset respond to you based on the car you drive. Your car
can make a difference between being snubbed, tolerated or welcomed with
open arms. As a result of this societal pressure, the decision as to
which car to buy is hardly a rational one. At the spur of the moment, a
man can wipe out family savings to buy a “befitting” automobile.
Consequently, more often than not, buying a car also means going broke.
Expensive second hand cars
In
deciding what car to buy, we first look at what our peers or folks we
want to rub shoulders with drive before making a decision. When we
cannot afford to buy a new one, we then opt for a second hand. We rather
drive a second hand Range Rover than a brand new Honda Accord, or a
second hand Honda Accord rather than a brand new Hyndai Accent.
There
is nothing wrong with buying a second hand car. It can be cheaper and
more cost effective if you don’t hold unto it for too long, to the
extent of spending every weekend with your mechanic. However, it makes
sense if you can afford a new one, but choose to buy a second hand one
to save money and invest the balance. This means you have the cash flow
required to support the ownership of the car, from insurance, servicing
and repairs etc.
When you drive a second hand Range Rover, you
become a member of the club irrespective of the fact that you entered at
half price. That is where the discount ends. You have to face the music
going forward. Range Rover parts do not come cheap. Very few
accessories are less than N100k a piece. You may become a member of the
club on the outside but dying financially inside as the cost of
maintenance starts to bite. To make it more interesting, older cars need
more maintenance brand new ones that require just oil change at
intervals.
Then there is the issue of insurance. You will assume
that all owners of flashy cars hold a comprehensive insurance cover.
Many don’t. They have a third party policy and often most are only on
paper. If there is an incident, the car is parked for months. It makes
you wander if you are driving the car or the car is driving you.
Impressing people is not sustainable
When
we reach beyond ourselves financially to impress others, are the people
we are trying to impress truly impressed or shaking their heads in pity
at our foolishness? How sustainable is our drive to impress? Does
impressing them move us towards our goals?
With automobiles, can
we keep up as new models show up after every two – four years? Public
opinion is very fickle. When you keep pace today and fall behind
tomorrow, nobody remembers you. You no longer belong.
A word they say is enough for the wise
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