2022: Buying a new car is the worst investment – Reno Omokri

 Nigerian bestselling author and human rights activist Reno Omokri is of the opinion that buying a new car is the worst investment anyone can make.

He shared this thought on his Instagram page. His post reads;

”The owners of Gucci, Armani and Louis Vuitton are already billionaires. You are not a billionaire. You are not a millionaire. You are not even worth $100,000. They don’t need your money. You need your money more than them. Invest in your future, not their future! In fact, nobody on Earth needs a new car. Absolutely nobody. What you need is a reliable car. Except it is an antique car, buying a new car is the worst investment you can make. The moment you drive it out of the dealership, 15% of its value is gone. Spend your money on assets that put money in your pocket!”