FIRST CAR PURCHASE

So for the past 2 weeks, I have been trying to figure out how to push through with a side hustle I want to embark on. I have been trying to acquire a vehicle for transport service (and also personal convenience). This will be my first car and I am nervous.

There is so little I know about automobiles which put me in a difficult position as I have had to listen to varying opinions on what to buy (and that is driving me crazy. pun intended).

So my initial plan was to purchase a 2006 Toyota Corolla which is the most popular car in this region, especially amongst transporters (Uber and Taxify drivers). However, the car is overpriced given the high demand for it. Currently, a foreign used 8th gen corolla goes for $4,300 (which is a couple of dollars above my budget).

After much research, I have settled for an 8th gen Honda civic, which is around the same price point as a Toyota Corolla but built better. However, Honda cars are high maintenance cars and given that this is my first car, I might not have the required knowledge to maintain the car properly.

The second problem will be my budget. So far I have $4100 for this purchase but it is going to cost me around $4600. So I am weighing my options. I need a vehicle. Aside from starting a side hustle, It will be a lot more convenient moving around, esp for my partner who has to go through the stress of commuting to work every day.

I have decided not to stress about this purchase anymore as it is affecting my creativity. I have a ton of work to do and I haven't gotten past half of it which is increasing my stress level. I hate the fact that I can be so single-minded. When I want something, it is the only thing I can think of...

I have two options: increase my budget so I can afford a foreign used car of my choice or buy a locally used car which is cheaper but also could be problematic. Also, I have had a lot of people warn me about Nigerian used cars. Honestly, I would rather just wait than buy something that will stress me.

However, the car I want to purchase is less problematic (based on the reviews I have seen), but I am not an expert in this field so I am vulnerable to varying opinions. Fortunately, I have a friend who fixes cars, so he is in the best position to advise me. He suggests I get a Nigerian used car which he will vet. This will cut down the cost of paperwork and the likes.

I do not want to exhaust all my resources on a car. I have other projects I want to focus on next year, so the quicker I am done with this whole purchase, the better for me. I am giving myself a 30days deadline to wrap this up.

What was it like purchasing your first car? Did you have cold feet? Were you on a budget? How was the whole process for you? Share with me in the comment section.

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