Big Brother Naija star and Nollywood actor, Pere Egbi, has revealed why he does not own a car.
According to the Pere, a car is not an investment.
He slammed those who waste their money on luxury cars, stressing that landed properties and businesses are assets but not cars.
In his words:
“Car no be investment. A house is an asset, a business is an asset. Using all your savings to buy cars is unnecessary.
“Right now, I don’t own a car. I used to drive a brand new lexus LS570 but I sold it because I needed to put the money into my film. It’s an investment. At the end of the day, I made more that from the film.”