Kenyan comedian 2Mbili has disclosed that many celebrities purchase their cars on loan rather than paying upfront. He shared his personal experience, admitting that he bought his BMW on hire purchase and paid it off in monthly installments.
2Mbili emphasized that there’s no pressure to own a car outright and that many celebrities are still paying off their vehicles.
“But guys i bought my bmw on hire purchase in mombasa, paid in 8 months installments…
No “celeb” has ever bought them cars in cash… most are still paying for them zero pressure.!”
He also revealed that his own BMW X4 was recently repossessed due to missed payments.
” Just to let you know my BMW X4 was Repossessed coz I failed to pay up the monthly installments which were running into 200k plus monthly.”
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Despite the setback, 2Mbili remains hopeful about owning a car outright in the future. He purchased the BMW X4 to celebrate his 31st birthday earlier this year, with the help of his fans who contributed to the down payment.