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.”

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