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Why Do Old Car Models Come Into Nigeria And Appreciate? - Autos - Nairaland

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Why Do Old Car Models Come Into Nigeria And Appreciate? by chatinent: 11:52am On Nov 15, 2021
Why is it that old car models that have depreciated abroad come into Nigeria and appreciate...instead of depreciating the more?

For example, in 2006, Toyota Avalon 2006 model was sold for ₦10 in America, and sold for ₦11 in Nigeria. In 2021, it is sold for ₦2 in America and is sold for ₦8 in Nigeria. Why?


Lalasticlala, Seun, Dominique
Re: Why Do Old Car Models Come Into Nigeria And Appreciate? by Davash222(m): 11:54am On Nov 15, 2021
Because Nigeria is a shiithole with shiity leaders and senseless supporters!

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Re: Why Do Old Car Models Come Into Nigeria And Appreciate? by uwemetok(m): 11:56am On Nov 15, 2021
For example, in 2006, Toyota Avalon 2006 model was sold for ₦10 in America, and sold for ₦11 in Nigeria. In 2021, it is sold for ₦2 in America and is sold for ₦8 in Nigeria. Why?


Still tryna wrap my head around this illustration.

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Re: Why Do Old Car Models Come Into Nigeria And Appreciate? by xpressionx(m): 12:02pm On Nov 15, 2021
Poverty mentality

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Re: Why Do Old Car Models Come Into Nigeria And Appreciate? by Omihanifa: 12:04pm On Nov 15, 2021
It's simply because of the exchange rate difference.

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Re: Why Do Old Car Models Come Into Nigeria And Appreciate? by Nobody: 12:19pm On Nov 15, 2021
I believe only a kid and a dumb adult will be asking this kind of question. A hopeless nation filled with zombies doesn't have a choice than to accept all the abnormalities thrown at them. Take a clue from this hun. Shiiithole Is biggest slum of of the world and DUMP SITE for all abnormalities of the world......
Re: Why Do Old Car Models Come Into Nigeria And Appreciate? by rhames(m): 12:22pm On Nov 15, 2021
chatinent:
Why is it that old car models that have depreciated abroad come into Nigeria and appreciate...instead of depreciating the more?

For example, in 2006, Toyota Avalon 2006 model was sold for ₦10 in America, and sold for ₦11 in Nigeria. In 2021, it is sold for ₦2 in America and is sold for ₦8 in Nigeria. Why?


Lalasticlala, Seun, Dominique

The reasons are

High import duties
Corruption
Logistics

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Re: Why Do Old Car Models Come Into Nigeria And Appreciate? by chatinent: 12:30pm On Nov 15, 2021
rhames:


The reasons are

High import duties
Corruption
Logistics

Mehn... Everything about Nigeria is a bad omen.

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Re: Why Do Old Car Models Come Into Nigeria And Appreciate? by rhames(m): 2:00pm On Nov 15, 2021
chatinent:


Mehn... Everything about Nigeria is a bad omen.

Terrible bro.

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