You Don't Qualify To Own Car If You Earn Less Than KSh 150k: "You'll Stagnate In Life"

• A Kenyan man warned people rushing into buying cars with their modest pay without considering the demands of the property
• He argued that buying a car comes with additional expenses such as fuelling, servicing, and taking it to the carwash every week
• According to him, those earning less than KSh 150,000 should first focus on building themselves before dreaming of being called car owners

Nancy Odindo, a journalist at TUKO.co.ke, brings more than three years of experience covering politics, news, and feature stories across digital and print media in Kenya.

A Kenyan man has issued a cautionary message to people who aspire to own cars without fully considering the financial responsibilities that come with such a luxurious lifestyle.

Observing the widespread enthusiasm for car ownership, he emphasised the need for individuals to be financially prepared for the associated costs.

How much should a car own earn monthly?

He stressed that aspiring car owners should have a substantial monthly income, suggesting a minimum of KSh 150,000.

According to him, those earning below this threshold may encounter significant financial challenges in maintaining their vehicles.

He highlighted the various additional expenses that come with car ownership, including fuel costs, parking fees, and frequent visits to the car wash.

These ongoing expenses can strain finances if not adequately accounted for.

"People love cars and it is good. However, you can become a car owner and your life stagnates from there. If you are not earning KSh 150,000 monthly, you should accept that you have reached your progress limit or you halt your aspirations and focus on building yourself first for you to be called a motorist.

That vehicle needs oil. You will need to take it to the car wash every two days. You will also need to pay for parking fees in addition to regular services," he argued.

Kenyans react

Some Kenyans who reacted to the TikTok video were not impressed by the man's argument stating that they owned cars while earning less than KSh 100,000 per month.

Chronix

"I was earning KSh 45,000 when I bought my first car and now am planning to upgrade."

Gathegi said:

"Good advice. I've owned cars in the past I know it's true, you spend like KSh15,000 weekly on fuel, parking, and service. If it's not for income think twice!"

jimmiemungai

"From that argument, teachers should not own cars from today."

leonardmwangi528 said:

"Advice and opinions are free. I bought my first car at 22 years and for 33 years I have never had such a salary and I drive up to date."

M. g.a.k.i.i said:

"I earn less than that and have driven for the last 10 years. This is my third car KDJ to be precise . If that's your marketing tips you are done."

Man earning 100k stranded on projects to prioritise

In a separate story, a 30-year-old unmarried man earning KSh 100,000 monthly pay shared his ambitions of buying a car, land, and building a house but did not know where to begin.

Eric Muchoki, a financial advisor, advised the man to take a medical cover of KSh 3 million inpatient only at a cost of KSh 37,000 per annum at his age.

He recommended splitting the savings into an Endowment Policy and a Money Market Fund.