Connect with us

Auto

5 Ways To Save Money On Car Repairs

Published

on

5 Ways To Save Money On Car Repairs

car-repairs

By Nkem Ndem

Owning a car is one of the most expensive aspects of many Nigerians’ yearly spending. A car is the 2nd largest purchase that most consumers in Nigeria make, after a home. But, it’s a fact that costs never stop when you own a vehicle. Aside from insurance and fuel costs which are certainly a big part of the total cost of owning a car each year, car repairs can be extremely costly for car owners. No matter where you live, you can expect to pay some money on necessary car repairs. Preventative maintenance is very important, but it can still be pricey.

Generally, car repairs can be particularly detrimental to a budget when they are unexpected; it can help to budget ahead of time and plan for common repairs. Jumia Travel lists some smart moves to save serious money on car repairs.

If your car is still under warranty, take it back to the dealer for free repairs

ALSO READ  NB, FRSC Flag Off 10th Don’t Drink And Drive Campaign

Most new vehicles and even some Tokunbo cars sold in Nigeria come with 1-3 years warranty that covers most almost everything. Ensure you know the specifics of your warranty and take advantage of it as most time, they cover free repairs at your dealership.

Fix it yourself if you can

Car repairs may seem complicated but many of the maintenance and auto repair jobs are still simple enough that you can do them yourself. Almost anyone should be able to change their own wiper blades, replace their air filter, change their oil, replace a headlight, change a battery, or even replace belts as long as they have the required tools. Even more, YouTube is a great resource for finding videos that explain how to repair many car issues.  In a case where the problem is beyond your capabilities, though, take it to a shop as fixing it blindingly can cause more damage and eventually incur more costs.

ALSO READ  Lagos VIS Now Revalidates Vehicle Documents on Saturdays

Have a mechanic you trust

A major reason why many Nigerians spend a lot of money on repairs is because they patronize a mechanic who is either fraudulent or does not know the intricacies of the job. Ensure you  do not patronize random mechanics at different times, entrust your vehicle to a mechanic  or repair shop you can trust and try to go to the particular garage or mechanic each time you need something fixed that you can’t fix yourself. Becoming a regular customer endears you to them and they would even do some free jobs for you at times.  If you don’t know of a good mechanic, try asking friends or family for a recommendation.

Skip maintenance that you don’t actually need

When you buy a car, the vendor (especially if he has given you warranty) will inform you that there are basic car maintenance procedures  you have to complete at intervals, but the truth is, while regular preventative maintenance on your car will actually save you money, not all maintenance needs to be done as often as the service centers suggest. For instance, spark plugs also don’t need to be changed very often and the car oil doesn’t need to be changed every 3,000 miles.

ALSO READ  Plentywaka Expands Transportation Service to Delta

Use local shops instead of brand chains

Most people believe that going to the car brand’s repair would ensure they get their car properly repaired. But while these places might be ok, they can be quite expensive when it comes to the small mechanical jobs and services. Also, they tend to not provide the level of service that many local shops will provide. Local shops tend to provide a better service, get the job done right in shorter time, and are economical on price.

Nkem Ndem is a PR Associate at Jumia Travel.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

Click to comment

Leave a Reply

Auto

Investors Put Additional €600m into Bolt to Boost Services

Published

on

taxify to bolt

By Ashemiriogwa Emmanuel

Bolt, a mobility company, has received an additional €600 million from global investors in a funding round to boost the expansion of its existing mobility and grocery delivery services.

The ride-hailing platform was able to raise fresh funds from existing investors, including Sequoia Capital, G Squared, D1 Capital and Naya, along with Tekne and Ghisallo as new backers.

The investment, which has increased the company’s valuation to over €4 billion, will accelerate the creation of effective solutions, features and products on the Estonian mobility first-ever super-app.

Speaking on the development, the Chief Executive Officer (CEO) of Bolt, Mr Markus Villig, remarked that the company, which took seven years to execute, will continue to create innovative alternatives for on-demand transportation.

ALSO READ  5 Interesting Tips To Save Money on Any Purchase

“Bolt’s mission is to make urban travel affordable and sustainable. We are building a future where people are not forced to buy cars that cause traffic and pollution but use on-demand transport when they actually need it.

“After seven years of relentless execution, Bolt’s mobility and delivery products offer a better alternative to almost every use case a car serves. I’m thrilled to bring these products to millions of customers around Europe and Africa, taking the emphasis off cars and giving cities back to the people,” Bolt CEO said.

ALSO READ  Car Rental Market to Make $176.2b by 2025

Adding his input, Mr Andrew Reed, a partner at Sequoia Capital, applauded Bolt’s effort in redefining modern transportation as he expressed optimism in partnering with the company.

According to him, “Bolt is redefining urban transportation in much of the world. Markus is a driven founder who has built an operationally excellent business spanning Europe and Africa and a mission-driven culture that forms the foundation of an enduring company. Bolt helps customers, cities, and the environment. We’re delighted to partner with them.”

On his part, the Country Manager of Bolt Nigeria, Mr Femi Akin-Laguda, said that the investment will better help Bolt to come up with possible solutions to satisfy their customers across 25 cities in Nigeria.

ALSO READ  NB, FRSC Flag Off 10th Don’t Drink And Drive Campaign

In his words, “Bolt will continue building solutions that alleviate everyday mobility challenges with our safe and affordable services while we also remain committed to providing market-leading earnings for our drivers.

“With this investment, we will keep introducing effective solutions, features, and products that are important to all our customers while having a positive socio-economic impact on the economy.”

Continue Reading

Auto

Eazychange Emerges Winner of Pegasus Fintech Challenge

Published

on

Eazychange Pegasus Fintech Challenge

By Ashemiriogwa Emmanuel

A micropayment solution for transportation, Eazychange, has emerged as the winner of the first edition of the Pegasus Fintech Challenge organized by SOFRI, a digital banking subsidiary of the Dunn Loren Merrifield (DLM) capital group.

The fintech pitch event, which was held on Wednesday at the DLM Capital Group headquarters in Ikoyi, Lagos, had 35 submissions where the top 5 finalists were selected.

The outcome of the pitch event was evaluated by series of pitch presentations given by the finalist to a panel of judges.

The panel of judges consisted of the group CEO of DLM Capital Group, Mr Sonnie Ayere; the Managing Director of Links Microfinance Bank, Mr Funsho Idowu; the CEO of Cowrywise, Mr Razaq Ahmed; the Chief Operating Officer of TeamApt, Mr Tobi Amira; the Team Lead Design and Innovation Lab at Africa Fintech Foundry (AFF), Omolola Tunde-Alade; as well as the CEO of Interswitch Group, Mr Mitchell Elegbe, who was represented by the Senior M&A Executive, Mr Victor Sada.

ALSO READ  Easter: FRSC Cautions Motorists Against Reckless Driving

Among the top 5 finalists, Friendsvow emerged as the third runner-up, EsusuAfrica as second runner-up, OgaPOS as the first runner-up, while Easychange grabbed the gold medal of the challenge.

While speaking on the outcome of the pitch challenge, the COO of TeamApt, Mr Tobi Amira, said the program was primarily organised to enhance innovation and creativity in the area of Nigerian fintech. He encouraged the winners to properly utilize their cash prize as funding for their lucrative ideas.

ALSO READ  What to do at Road Accident Scene as Witness

According to him “It was a delight to sit as a member of the judging panel for the 2021 Pegasus Fintech Challenge. The program aligns with our objective as an organization to encourage innovation and creativity in the Nigerian fintech landscape.

“It was particularly exciting to see and listen to young Nigerian founders who have come together to build solutions aimed at improving the lives of individuals and businesses in Nigeria for the better.

ALSO READ  FG Commissions $1bn Made-In-Nigeria Vehicles

“I must also commend the organisers of this pitch for making an effort to promote and encourage innovation through funding and support. It’s our hope that the winners would put the funds to good use and bring all their fantastic ideas to reality.”

Easychange is a fintech startup with a focus on creating easy cash payments for transportation in Nigeria, helping passengers who want to pay for transport fares to avoid balance/change issues with cash payments and enabling reliable and seamless payments.

Continue Reading

Auto

Bolt Helps Drivers with New Cash Out Service

Published

on

taxify to bolt

By Sodeinde Temidayo David

The ride-hailing platform, Bolt, has created a cash withdrawal service for drivers to provide early access to cash out earned on the platform from cashless payment methods and other earnings. Drivers can now take away the cash they earn whenever they need to.

Although there are limitations as the cash out service is available to drivers once a day with a transaction fee of N15 to the bank.

The feature is also active for existing drivers who have been on the platform for up to two weeks and have completed at least 25 trips without any irregularities.

In a statement, Bolt said this new initiative is mainly to improve the general experience for every driver in addition to the lower fees and commissions of 15 per cent it charges its drivers. This has also made it possible for riders to enjoy cheaper fares on the platform.

ALSO READ  FRSC Identifies Three Major Traffic Violations by Motorists

Speaking on the introduction of the new service, Bolt Country Manager in Nigeria, Mr Femi Akin-Laguda, thanked the drivers for being part of the company’s growth.

“Drivers are core to our business and we must continue to retain the trust and loyalty we have earned over the years by fulfilling our promise to keep improving the overall experience for every driver,” he said.

ALSO READ  Car Rental Market to Make $176.2b by 2025

“The early cash out option improves liquidity for our drivers’ by ensuring that they have easier and faster access to their earnings; this will include fares for trips paid with cashless options like cards, driver bonuses and payments for passenger discounts.

“Our aim is to ensure that our drivers have flexibility in how they access their earnings while passengers will be more confident to request rides with any payment method they wish,” Mr Akin-Laguda added, assuring that Bolt will remain affordable and reliable.

The system makes payments directly to drivers’ bank accounts, while requests during business hours will be processed in less than an hour, with requests outside these hours on business days processed on the same day.

ALSO READ  Lagos VIS Now Revalidates Vehicle Documents on Saturdays

Furthermore, early cash out requests made on weekends and holidays will be processed on the following business day.

Bolt has continued to set the pace with driver experience initiatives in the ride-hailing sector.

Recently, the platform launched a vehicle financing scheme that enables drivers to be their own boss by owning a car with low equity repayment.

With over 10,000 drivers on its platform, Bolt provides a safe, reliable, and affordable service for passengers across more than 25 cities in Nigeria and is a smart way to move around in cities.

Continue Reading

Like Our Facebook Page

Latest News on Business Post

Trending

%d bloggers like this: