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5 Affordable Cars That Stand the Test of Time

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With most purchases, there’s typically a tradeoff between affordability and durability.

Inexpensive usually means cheap because things that don’t cost a lot aren’t usually built to last — especially when they generate extreme temperatures and have thousands of moving parts.

But that’s not always the case with cars. In fact, some of the most affordable vehicles on the road are built to outlast many more expensive models.

The following vehicles are budget-friendly and can stand the test of time.

Toyota Corolla

When searching for affordability and reliability in the same vehicle, sometimes it’s best to follow the crowd.

“The Toyota Corolla is one of the best-selling entry-level vehicles,” said automotive expert, consultant and speaker Gretchen Seidel, who has 30 years of industry experience.

In fact, topping 50 million units sold in 2021, it is the best-selling car of all time. There are three main reasons for the Corolla’s enduring popularity: it starts at just over $22,000, has low ownership costs and boasts a tortoise-esque life expectancy of up to 300,000 miles.

“Its fuel efficiency is above 38 mpg and maintenance costs are lower than the average for compact cars,” said Seidel. “Toyota also leads with 11.1 million units of global sales, more than any other car company for 2023.”

Honda Civic

The Corolla’s chief competitor is wildly popular for all the same reasons.

“The Honda Civic is a great choice for an affordable car, with a starting MSRP of $23,950 and annual repair costs lower than most brands,” said Seidel.

RepairPal gives it an excellent 4.5-star rating and ranks it No. 3 out of 36 compact cars for ownership costs, the segment average of which is $526.

The publication writes, “The average annual repair cost is $368, which means it has excellent ownership costs. The severity and frequency of repairs are both much lower than other vehicles, so the Civic is one of the more reliable vehicles on the road.”

Seidel added, “Also, in dealership service departments, you regularly see them with well over 150,000 miles and over 10 years old. The Honda Civic is a great choice for a car that stands the test of time.”

Mazda 3

Also starting at under $25,000 — $24,170, to be exact — is the Mazda 3, which joins the Civic and Corolla in the class of dependable, affordable sedans.

“These vehicles are known for their reliability, fuel efficiency and low maintenance costs, making them excellent value propositions in the long run,” said John Lin, owner of JB Motor Works in Philadelphia.

RepairPal gives it a four-star rating and writes, “The average annual repair cost is $433, which means it has excellent ownership costs. The severity of repairs is low while the frequency of those issues is average, so major issues are uncommon for the 3.”

“They also tend to hold their resale value well, which can save owners money when it’s time to sell or trade in,” said Lin.

CoPilot for Car Shopping estimates that, with basic maintenance and care, the typical Mazda 3 will keep plugging along for 200,000 to 300,000 miles.

Hyundai Elantra

Several experts concurred that the Hyundai Elantra is another excellent choice for anyone looking for the magic formula of cheap to buy and cheap to own over the long haul.

A sleek, flashy and tech-centric sedan, the Elantra starts at just $21,625, giving it the lowest MSRP of any car on this list — and like the others, it won’t break the bank over time.

RepairPal gives it a stellar 4.5-star rating and estimates its “excellent ownership costs” at just $452 per year, well under the segment average of $526, adding, “The severity and frequency of repairs are both much lower than other vehicles, so the Elantra is one of the more reliable vehicles on the road.”

CoPilot for Car Shopping says the typical Elantra has a lifespan of 150,000 to 200,000 miles.

Honda Odyssey

Families that can’t squeeze into sedans are going to have to spend more for something bigger. The two biggest names in minivans are the Chrysler Pacifica, which starts at $39,400, and the Honda Odyssey, which starts at nearly $1,200 less.

There are cheaper minivans, but none that you should expect to hold out for more miles or guard their value more jealously.

“The Odyssey tends to last longer than the competition and depreciates more slowly than other minivans,” said Melanie Musson, an industry expert with AutoInsurance.org.

“They’re also regularly named the cheapest vehicle to insure. That’s partly due to their safety features and partly due to how they tend to be driven.”

If you can’t afford to buy new, what would be a high-mileage model for most previously owned vehicles is actually modest mileage for this marathoning minivan.

“Individuals on a tight budget can look for a used Odyssey with 100,000 miles and expect to drive it for several years with minimal maintenance,” said Musson.

That’s not an exaggeration.

Vehicle History states, “Across all generations, the Honda Odyssey has an expected lifespan of 200,000 to 300,000 miles, or 16 to 25 years.

Business

FG announces job opportunities for 30,00 3MTT fellows

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The Federal Government through the 3 Million Technical Talents (3MTT) program, has announced job opportunities for the 30,000 fellows that have graduated from cohort 1 of the program.

The program coordinators announced this on Thursday, asking the fellows to start applying. While the nature of the jobs was not disclosed, the coordinators said the fellows would see the jobs that are available locally and remotely once they log in to their dashboards.

“We are happy to announce that you can now explore job opportunities on the 3MTT Job Boards! These Job Boards are accessible to Fellows who have completed both online courses and ALC training. Sign up today and apply for roles both locally and remotely,” the announcement read.

While announcing the commencement of the second phase of the program in March, the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, said that the government was working to provide jobs for the cohort 1 fellows including placing them as interns with partnering companies.

“As we continue to interact, we are working with partners to ensure that those of them who want to go the route of entrepreneurship can be supported to kick off their small businesses to start their technology startups and hopefully help create the solutions to many of the problems that we face in the country that technology can help address,” the Minister added.

In addition, the Minister the government was also working on the possibility of providing unemployment benefits for Nigerians participating in the program.

Tijani said the idea of the unemployment benefits for participants was at the behest of President Bola Tinubu, who is deeply committed to the program. According to him, the 3MTT program is based on the President’s promise of creating 2 million digital jobs.

While noting that the country is now building the emerging talent for the workforce that the world requires to be able to power the application of technology, the Minister said:

“The President has been very clear; he has asked that we also look at the possibility of providing unemployment benefits to those who qualify within this program.
“As we continue to build out these opportunities, our goal is to support our people to ensure that we can give them the skill set that they require to participate in the global digital economy.

“We understand that as we empower them, we will end up strengthening our ability to defend our GDP as a country to defend the complexity of our economy as well as ensure that we continue to drive the growth that we want to see in our beloved country.”

According to Tijani, the 3MTT program is a critical part of the Renewed Hope agenda, and is aimed at building Nigeria’s technical talent backbone to power its digital economy and position Nigeria as a net talent exporter.

The program started with 30,000 Nigerians, representing 1% of the 3 million target, while the 270,000 selected for the second cohort brought the number to 10%.

To achieve the program’s target, Tijani said the different phases will be executed based on the framework co-created with key stakeholders across government agencies, training providers, educational institutions, development agencies, and the private sector.

Some of the skills Nigerians are being trained on include skills that utilize technology to enhance various roles without directly involving tech creation.

These include Digital Marketing, Project Management Software, Cloud Platforms Navigation, Data Analysis and Visualisation, Digital Marketing, Search Engine Optimisation (SEO), CRM Management, Accounting Software, Graphics Design, and UX/UI Design, among several others.

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Aarti Steel debunks reports alleging planned exit from Nigeria

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Leading steel manufacturing company, Aarti Steel Nigeria Limited has debunked media report alleging that the company plans on exiting Nigeria.

The firm according to its statement titled, “False Media Reports on Aarti Steel Nigeria Limited’s Planned Exit from Nigeria” stated that, “Aarti Steel Nigeria Limited wishes to address and categorically refute the recent media reports falsely claiming that the Company is planning to exit Nigeria. These reports are entirely unfounded and do not reflect our intentions or actions”.

“We are currently exploring various avenues to address and mitigate the impact of the false media reports. These erroneous claims have the potential to disrupt our business operations and create unnecessary uncertainty among our stakeholders. We are taking all necessary steps to correct the misinformation and assure our stakeholders of our continued presence and investment in Nigeria”, the statement further read.

Reaffirming its commitment to Nigeria, Aarti in the statement jointly signed by its Chief Finance Officer, Sunil Kumar Sharma and the Director and Head of Operations, Mr. Girish Chandra Tripathi stated that, “We assure our stakeholders, partners, and the general public that Aarti Steel Nigeria Limited has no plans to exit the country. Since our inception in 2003, we have invested a cumulative total of US$100 million into the Nigerian economy, underscoring our commitment to the nation’s industrial growth and development.

Our strategy has always been focused on the long-term survival and growth of our operations in Nigeria. We have consistently communicated our plans and initiatives to recapitalize the Company to our banking partners, ensuring that they are kept informed of our efforts to sustain and enhance our business operations”.

Aarti further held that, “Despite the current economic instability and the challenges presented by the foreign exchange crisis, Aarti Steel Nigeria Limited remains steadfast in its belief in the resilience of the Nigerian economy. We have successfully navigated through similar challenges in the past and are confident in our ability to do so again. Our commitment to Nigeria is unwavering, and we continue to invest in our operations, workforce, and the communities we operate in”.

Established in the year 2003 and formal operations commencing in 2007, Aarti has grown to be one of the leading manufacturing companies in Nigeria providing employment and invested over US$100 million into the nation’s economy. “We have contributed significantly to the country by providing cost-effective indigenous products to local customers and creating employment opportunities for society. Our operations have not only supported local industries but also fostered economic growth, making a substantial impact on the communities we serve.

Since our company became operational in Nigeria in 2007 with the commissioning of our first state-of-the-art galvanizing line, we have continued to expand capacities and product range through several projects. These initiatives have brought our cumulative investment to about US$100 million, making us one of the top producers of steel products in Nigeria. Nigeria also serves as the hub of our African businesses, which span across six other locations on the continent”, its statement debunking the alleged media reports further read.

The firm listed some of its impact on the Nigeria economy to include but not limited to:

High-Quality Products and Services: Delivering top-tier steel products that support local industries and infrastructure development.
Industrial Base Expansion: Enhancing local production capabilities through forward and backward integration, reducing import dependency.
Employment Creation: Generating direct and indirect employment opportunities, contributing to socio-economic development.
Economic Contributions: Paying taxes and fulfilling regulatory obligations, supporting government revenues and public services.
Export Expansion: Driving foreign currency generation through exports, strengthening Nigeria’s economic stability.
Corporate Social Responsibility: Engaging in CSR initiatives to improve education, healthcare, and community welfare.

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Business

Australia announces 6-months renewal window to skilled worker visa holders

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The Australian Department of Home Affairs has announced plans to grant 6 month renewal window to skilled worker visa holders in their country.

This was disclosed in significant revisions to visa conditions 8107, 8607, and 8608, set to take effect from July 1, 2024.

According to authorities these changes aim to address unfair labor practices and enhance the labor market mobility for temporary migrants holding the following visas: Temporary Work (Skilled) visa (subclass 457), Temporary Skill Shortage visa (subclass 482) and Skilled Employer Sponsored Regional (provisional) visa (subclass 494).

The new update highlights the extended flexibility for visa holders who cease employment with their sponsoring employer. Under the new regulations, these individuals will have up to 180 days at a time,(6 months) with a cumulative maximum of 365 days(1 year) during the visa period, to secure new sponsorship, apply for a new visa, or arrange departure from the country- Visa guide first reported.

During this grace period, visa holders are permitted to work for other employers, including in occupations not listed in their most recent sponsorship nomination, enabling them to sustain themselves while seeking new sponsorship.

The Department of Home Affairs mandates that sponsors must notify any changes in the visa holder’s employment status within 28 days.

Furthermore, visa holders are prohibited from engaging in work inconsistent with the license or registration requirements for their nominated occupation.

The changes apply to existing visa holders, as well as those granted a visa on or after 1 July 2024. Any periods a visa holder stopped working for their sponsor before 1 July 2024 will not count towards the new time periods outlined above.” the Australian authorities stated.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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