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Toyota Camry To Cost N20 Million In 2014 - Autos (2) - Nairaland

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Re: Toyota Camry To Cost N20 Million In 2014 by akdjr(m): 3:42pm On Nov 21, 2013
As long as they no band bicycle i no need to de read news like this.
Re: Toyota Camry To Cost N20 Million In 2014 by carmenblandish: 3:45pm On Nov 21, 2013
just the other day i was wondering what the custom people do with all the money dem dey colet form clearing goods....now them want to add more money inside......meanwhile the government has not ensured there are factories producing cars all fully running and creating jobs....they have gone ahead to increase the suffering of the masses once again....

you want to end tokumbo...what have you replaced it with.....is it innosan mottos only??

ZERO economic sense all this leaders plus the hyped NGOZI....whose idea was this?

meanwhile make dem allow me clear my dodge nitro xt before them introduce the nonsese 70%

3 Likes

Re: Toyota Camry To Cost N20 Million In 2014 by idrezee(m): 3:45pm On Nov 21, 2013
Why all d noise........buy a Toyota camry 9M or watever d worth in Japan, pieces it in parts and ship all parts 2 Nigeria since dat aint an FBU and wen it gets here, u re-package it. Dats still a brandnew toyota camry 4 9M instead of 20m.
Re: Toyota Camry To Cost N20 Million In 2014 by vislabraye(m): 3:45pm On Nov 21, 2013
20million? Their cars will rot. Let's see how Toyota will make any sale.
Re: Toyota Camry To Cost N20 Million In 2014 by Nobody: 3:45pm On Nov 21, 2013
Ele Yi gidi gan******* shocked shocked
Re: Toyota Camry To Cost N20 Million In 2014 by strykr: 3:46pm On Nov 21, 2013
make I hear say FG enforce this ban,wen excellency and honourable neva chop smuggling moni finish.....automobile act ko autostactic drama ni.
Re: Toyota Camry To Cost N20 Million In 2014 by deor03(m): 3:47pm On Nov 21, 2013
They should Open their factory and manufacture in Nigeria
Re: Toyota Camry To Cost N20 Million In 2014 by wesley80(m): 3:48pm On Nov 21, 2013
Zumarocket: Why all this na
Wen I got addmision ASUU cary their own cme

Now were I wan by car. Fd carry this one cme.

Naija make I pack??

Re: Toyota Camry To Cost N20 Million In 2014 by BrightCar: 3:49pm On Nov 21, 2013
20M still very small money.

1 Like

Re: Toyota Camry To Cost N20 Million In 2014 by Nobody: 3:50pm On Nov 21, 2013
So how much will an armored bmw cost in 2014?

3 Likes

Re: Toyota Camry To Cost N20 Million In 2014 by underscore: 3:53pm On Nov 21, 2013
Stupid policies. When the poor no longer have anything to eat, they will be left with no other option but to eat the rich. One day monkey go enter market e no go come back! Abeg relax with this hilarious story jare: http://trendysturvs..com/2013/11/photo-video-female-weather-forecaster.html#comment-form
Re: Toyota Camry To Cost N20 Million In 2014 by Americanspecs(m): 3:54pm On Nov 21, 2013
BizBooks: I’m not making this up. This happens to be the informed opinion of a Toyota
Salesman in Lagos regarding the ban on importation of tokunbo cars. Here’s
the exact quote:

“…our Camry is about N9 Million now. But I can assure you that when
we reflect the new 70% duty and levy…Camry will be about N20 Million”

This represents an increase of more than 100%. We can expect all other car prices
to go up by that much in 2014. Unfortunately, Nigeria is like a nation on a barber's
chair. We move whichever direction our leaders push us, good or bad with little or
no resistance.

It is not too late to put a stop to this ill-advised policy. Contact every elected
and government official you know by email, phone, twitter, facebook etc. Make
your opinion known to them. If enough people complain, this policy might be
reversed.

Note: The Toyota Salesman was referring to a brand new Toyota Camry.

Disclosure: The writer is an importer of tokunbo cars and will profit from a
reversal of this policy.

http://sunnewsonline.com/new/national/car-prices-rise-250/

OP, post their contacts here so we can start contacting them.
Re: Toyota Camry To Cost N20 Million In 2014 by buoye1(m): 3:55pm On Nov 21, 2013
Which of dem na!!!dem dey madt?
Re: Toyota Camry To Cost N20 Million In 2014 by Okijajuju1(m): 3:55pm On Nov 21, 2013
The government is increasing Duty on cars so that Nigerians would buy that crap that Innoson, PAN and all those Chinese assembly companies are building abi?! grin

No hating o!! I think Innoson is doing a good job, but I dont think that this is the way to encourage him..



All that will end up happening is that People will resort to going into Cotonou to buy cars and drive it across the boarder. It would be cheaper to buy a Car in Cotonou, register it, drive it across the border under the Ecowas treaty and change the plates once its in..

7 Likes

Re: Toyota Camry To Cost N20 Million In 2014 by LivingSoul34: 3:58pm On Nov 21, 2013
oyb: So how much will an armored bmw cost in 2014?

You mean the type they bought for Aviation Minister?
Re: Toyota Camry To Cost N20 Million In 2014 by NobleG1(m): 3:59pm On Nov 21, 2013
Innoson Motor hand is all over this policy.

1 Like

Re: Toyota Camry To Cost N20 Million In 2014 by watchamacalit: 3:59pm On Nov 21, 2013
[size=16pt]I wan port nationality... I don tire abeg!!! angry angry angry[/size]

1 Like

Re: Toyota Camry To Cost N20 Million In 2014 by Nobody: 4:01pm On Nov 21, 2013
sopoundz: Nice move. Its high tym diz manufacturers come into 9ja n build or assemble d cars here....
Good Move indeed.. the plans advanced by the FG are not even at basic stages yet, all that has been identified are business clusters that the FG can direct funding for local and international auto-manufacturers to encourage local assembly of autos and parts. even the local innosson will be far beyond the reach of a 500k per month salary earner.. the reforms will ultimately start impacting the local industry in the next 10-15 years.. by that time every joe will start using BRT and public transport because autos will be too expensive to buy, (tokunbo, nigerian-used, brand new) but at least we can boast of generating new jobs for former employed bankers and oil & gas employees in the new auto-plants grin grin grin

Reforms in Nigeria are like a doctor's prescription for several ailments.. 1-shot with no considerations of the impact (negative) and how long.. Aganga will be long gone from the System by 2015 .. way after the effects of this has torn people to shreds

1 Like

Re: Toyota Camry To Cost N20 Million In 2014 by Nobody: 4:01pm On Nov 21, 2013
wow.. nawa oh.. shocked shocked shocked shocked
Re: Toyota Camry To Cost N20 Million In 2014 by Nobody: 4:03pm On Nov 21, 2013
Okija_juju: The government is increasing Duty on cars so that Nigerians would buy that crap that Innoson, PAN and all those Chinese assembly companies are building abi?! grin

No hating o!! I think Innoson is doing a good job, but I dont think that this is the way to encourage him..



All that will end up happening is that People will resort to going into Cotonou to buy cars and drive it across the boarder. It would be cheaper to buy a Car in Cotonou, register it, drive it across the border under the Ecowas treaty and change the plates once its in..


The last I heard innoson does not even make saloon cars.

It will be interesting to see the fec put their money where their mouths are.
Re: Toyota Camry To Cost N20 Million In 2014 by sgsltd(m): 4:05pm On Nov 21, 2013
Why worry house all APC governors are giving all state BRT , south west SAVED
Re: Toyota Camry To Cost N20 Million In 2014 by ugoezeik(m): 4:09pm On Nov 21, 2013
Actually, d best option for be okada, bicycle or keke napep. Abi dem wan ban dat one too? Pls l dey cum my l wash my hand because l jux dey com out frm toilet
Re: Toyota Camry To Cost N20 Million In 2014 by Les: 4:16pm On Nov 21, 2013
And to crown it all, most states have banned okadas which is a close substitute to cars in terms of speed. Please, is the ban on Okada affects power bike?? Thank you for any reply.
Re: Toyota Camry To Cost N20 Million In 2014 by lekkie073(m): 4:20pm On Nov 21, 2013
ok

1 Like

Re: Toyota Camry To Cost N20 Million In 2014 by pet7: 4:20pm On Nov 21, 2013
u people shud start partronizing innoson motors now make ur garri sweet u
Re: Toyota Camry To Cost N20 Million In 2014 by pet7: 4:23pm On Nov 21, 2013
y cant we bring chinese, japanese ad others to bring car assembling plants to d country to start manufacturing cars
Re: Toyota Camry To Cost N20 Million In 2014 by Murphydready(m): 4:24pm On Nov 21, 2013
Omor na by leggedise benz o. Na d new revolution 4 2014.
Re: Toyota Camry To Cost N20 Million In 2014 by felzylix(m): 4:25pm On Nov 21, 2013
@least road traffic n accident go reduce..
Re: Toyota Camry To Cost N20 Million In 2014 by mankand(m): 4:26pm On Nov 21, 2013
We have Innoson here in Nigeria. It is a blessing in disguise for those who understand. It is high time we stark kicking the crackhead west out of our land. But leadership by example.

Let the govrnment lead by patronising locally built automobiles
Re: Toyota Camry To Cost N20 Million In 2014 by stagger: 4:26pm On Nov 21, 2013
All people need to do is to buy cars abroad and ship them down here, pay the new customs duty and their cars are through. I do not think that a new Camry will now cost N20m. The present duty is 20%. The increase is by about 50%, which means that if you pay N300,000 duty on a 2002 or 2003 model car, you end up paying 300,000 X 3.5 = N1.05m on duty. So assuming you bought a car for N1.2million equivalent, the cost of your car stays the same but your duty has increased by about N700,000. So a car that will cost N1.5m with the old duty will now cost N2.2m.

There will be an increase but it will not be as alarmist as the OP is making it sound. Besides the 2 houses still have to ratify this so there is opportunity for lobby groups to do their job before the policy is passed.

7 Likes

Re: Toyota Camry To Cost N20 Million In 2014 by felzylix(m): 4:29pm On Nov 21, 2013
Les: And to crown it all, most states have banned okadas which is a close substitute to cars in terms of speed. Please, IS the ban on Okada AFFECTS power bike?? Thank you for any reply.
SMH! Blame it on ASUU
Re: Toyota Camry To Cost N20 Million In 2014 by enigmang: 4:31pm On Nov 21, 2013
vislabraye: 20million? Their cars will rot. Let's see how Toyota will make any sale.

That is the main idea of the policy.. it will attract Toyota to setup an assembly plant in Nigeria.. and do the importation in bits and pieces… sell at same 9million or even less……

Its a very hard policy but i think it will be beneficial in the long run….. The first coy to come in will have the largest market share

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