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Why Are Nigerian Car Dealers So Greedy?! - Car Talk (3) - Nairaland

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Re: Why Are Nigerian Car Dealers So Greedy?! by occam(m): 5:44pm On Feb 09, 2012
baby-boy:


Look you could get a better one (1999 - 2001) for around £450 - £700 that depends on the level you search,  regarding the tax,  You tax it if you want to drive it which is around £118 for 6 months, but if your shipping it you dont need to tax it but it has to be towed to the dock!!!

Like I mentioned earlier on my friend bought a Peugoet 407 (2005 or 6) for £2100 which already had tax on it so he drove it to the dock, 

Another one bought a Land Rover Freelander 2002 for £1200

They are so many fantastic cars that you could get for around £500




Actually the moment they increased the age of the cars to be shipped to Nigeria to 15 years A LOT of Right Hand Drive are heading to Nigeria, 

The cost of fuel which is high over here got a lot of people to selling off their cars with the Engine Capacity from 2.3 ltr engines onwards at give away price!


To change from RHD to LHD is between N180k - N200k

The prices may be cheaper because there is no demand for RHD. Why convert to a RHD with all the risks involved.

Also, European cars including the UK do not have all the top features of North American cars. Most times you have to install AC and they're also manual gear.

You can't compare the pleasure of driving a V6 3.0 American Accord vs the 1.8/2.0 engine European model. Most Japanese car designed for the European market are simply not the same as the North American. So you're comparing apples to oranges.
Re: Why Are Nigerian Car Dealers So Greedy?! by Fhemmmy: 5:46pm On Feb 09, 2012
occam:

The prices may be cheaper because there is no demand for RHD. Why convert to a RHD with all the risks involved.

Also, European cars including the UK do not have all the top features of North American cars. Most times you have to install AC and they're also manual gear.

You can't compare the pleasure of driving a V6 3.0 American Accord vs the 1.8/2.0 engine European model. Most Japanese car designed for the European market are simply not the same as the North American. So you're comparing apples to oranges.

YOu have said it all, but i stop talking, cos i realize that i am only talking into the basket of people that have determine to compare apple to puff puff, even better when they compare apple to oranges cos they are both fruits, but in this case na apple to puff puff . . . . cool
Re: Why Are Nigerian Car Dealers So Greedy?! by BizBooks(m): 6:25pm On Feb 09, 2012
fresh_dude:

This thread truly has no business on the front page, it's title and content are miles apart. Don't allow car dealers to be thought of as greedy unless they are and are proven to be.

That has been my point from the moment I read the original post. Sadly the poster succeeded in causing a bogus firestorm among NL members. But I refuse to be suckered into that storm.
Re: Why Are Nigerian Car Dealers So Greedy?! by dayokanu(m): 6:28pm On Feb 09, 2012
dayokanu:

I am not a car dealer, I have never sold a car to anyone but I have shipped cars to Nigeria for Family members

OP, I can buy you the said car for $6,000 but you would come and drive it in America. Deal? cheesy

By the time you add Towing to Port + Shipping cost $1400 from places like Texas

And clearing cost from Nigeria What do you have.

I think some Nigerian buyers are unreasonable I once had a friend who told me he wanted to buy a car from US, I gave him the website to go and look for cars that he wants and send me the link.

He went there and sent me cars that are sold for less than $2000, Honestly do you think any good car would be sold for $1200. I mean a car worth importing to naija.

Next I opened the link and I saw that the seller said there is a "Check Engine light". I called him back that didnt he see it? And he told me yes he saw it but it doesnt matter that they have a way of removing the Light in Nigeria. Imagine shocked shocked

I told him not to worry that he can find someone else to buy him the car. I am not a dealer and cant go to Abilene like 5hours drive to but a $1600 car that has a check Engine light on to ship to naija.

Another person would have bought it and sold the car for cheap. The car would have fault down the road and you would start cursing.

If something is dead cheap, Most time watch out.

NB: Also because someone bought a car for $5000 doesnt mean the next person would buy it for the same.

What causes difference in car prices are the same for all items.

Different dealers sell the same cars for diff prices.

cars cost differently in different states due to demand and supply.

Shipping cars from East coast e.g Florida, baltimore isnt the same as with somewhere like Texas or California

then the season you are buying cars makes a difference. If you are buying cars in the peak of the tax season i.e February-March, Its usually more expensive than during later in the year.

During the tax season, more ppl have disposable cash and can afford to bid higher for cars vs when Money don finish

Some dealers might be dubious but you need to put all these things into consideration

E.g I heard the cost of clearing a Lexus IS 250 in Nigeria is over 1.5m, Imagine how much you would clear an SUV
Re: Why Are Nigerian Car Dealers So Greedy?! by omar22(m): 7:31pm On Feb 09, 2012
The prices may be cheaper because there is no demand for RHD. Why convert to a RHD with all the risks involved.

Also, European cars including the UK do not have all the top features of North American cars. Most times you have to install AC and they're also manual gear.

You can't compare the pleasure of driving a V6 3.0 American Accord vs the 1.8/2.0 engine European model. Most Japanese car designed for the  European market are simply not the same as the North American. So you're comparing apples to oranges.

Baby boy is only saying that its a cheaper option and a lot of cars leave England heading to Lagos than any other country in the world, regarding the steering they are companies in now in England who are specialised in changing the hand over and they are not cow-boy jobs they do in Nigeria,
Re: Why Are Nigerian Car Dealers So Greedy?! by babyboy3(m): 7:43pm On Feb 09, 2012
YOu have said it all, but i stop talking, cos i realize that i am only talking into the basket of people that have determine to compare apple to puff puff, even better when they compare apple to oranges cos they are both fruits, but in this case na apple to puff puff . . . .


Look I didnt come here to insult you! if you dont like what I say tough! its my opinion, and you didnt start this OP,
Re: Why Are Nigerian Car Dealers So Greedy?! by chuksikem(m): 8:06pm On Feb 09, 2012
baby-boy:


Look I didnt come here to insult you! if you dont like what I say tough! its my opinion, and you didnt start this OP,

you obviously don't know femmy, undecided undecided dude will be the very last person to insult you, he is humble, kindly review his statements and you will see he never uttered any insultive word, retract your statement man, we are all here to learn, not bandy words like teenage girls, cool cool
Re: Why Are Nigerian Car Dealers So Greedy?! by yurLink: 8:08pm On Feb 09, 2012
Maybe a little, because i bet u, it is still cheaper to buy ur car directly ship it in , and pay customs duty but ofcuz, the dealers are not Father Xmas, but i think what they add for the less expensive ones is okay but as u go hjgher i.e cars in the range of between 5 and 20 millions. what they add sometimes could be in the region of between  750, 000 to 3 and 5 m depending on how heavy ur car is,
Re: Why Are Nigerian Car Dealers So Greedy?! by BizBooks(m): 8:09pm On Feb 09, 2012
omar22:

. . . . a lot of cars leave England heading to Lagos than any other country in the world,  

Are you sure of this statement? With the preponderance of American specs in Lagos, one would think that more cars are shipped to Nigeria from the US than any other country. I have friends who specifically come to the US from London to buy cars.
Re: Why Are Nigerian Car Dealers So Greedy?! by occam(m): 8:41pm On Feb 09, 2012
BizBooks:

Are you sure of this statement? With the preponderance of American specs in Lagos, one would think that more cars are shipped to Nigeria from the US than any other country. I have friends who specifically come to the US from London to buy cars.

ditto. I've also received calls from friends in the U.K. looking for American spec cars to use in Naija
Re: Why Are Nigerian Car Dealers So Greedy?! by babyboy3(m): 8:59pm On Feb 09, 2012
you obviously don't know femmy, Undecided Undecided dude will be the very last person to insult you, he is humble, kindly review his statements and you will see he never uttered any insultive word, retract your statement man, we are all here to learn, not bandy words like teenage girls,


Excuse me ?


YOu have said it all, but i stop talking, cos i realize that i am only talking into the basket of people that have determine to compare apple to puff puff, even better when they compare apple to oranges cos they are both fruits, but in this case na apple to puff puff . . .
Re: Why Are Nigerian Car Dealers So Greedy?! by omar22(m): 9:00pm On Feb 09, 2012
Are you sure of this statement? With the preponderance of American specs in Lagos, one would think that more cars are shipped to Nigeria from the US than any other country. I have friends who specifically come to the US from London to buy cars.


Your right! when it comes to Japanese cars
Re: Why Are Nigerian Car Dealers So Greedy?! by Fhemmmy: 9:23pm On Feb 09, 2012
chuksikem:

you obviously don't know femmy, undecided undecided dude will be the very last person to insult you, he is humble, kindly review his statements and you will see he never uttered any insultive word, retract your statement man, we are all here to learn, not bandy words like teenage girls, cool cool

Highly honored and appreciative of your statement Sir . . . God bless
Re: Why Are Nigerian Car Dealers So Greedy?! by Korrection(m): 10:23pm On Feb 09, 2012
na wao, na car dealers really full nairaland, no wonder
Re: Why Are Nigerian Car Dealers So Greedy?! by babestella: 10:27pm On Feb 09, 2012
The problem here is our government, import duties are way too high and that figure is transferred to the cost of the car. Dealers must make profit too.
Re: Why Are Nigerian Car Dealers So Greedy?! by erico2k2(m): 12:14am On Feb 10, 2012
baby-boy:


Excuse me ?


YOu have said it all, but i stop talking, cos i realize that i am only talking into the basket of people that have determine to compare apple to puff puff, even better when they compare apple to oranges cos they are both fruits, but in this case na apple to puff puff . . .
SO let me ask you again, you came on here to say you shipped a car from the Uk at port of Tilbury for £440?
Re: Why Are Nigerian Car Dealers So Greedy?! by Nobody: 12:31am On Feb 10, 2012
I don't think that the dealers are greedy, they are business Men.

The issue, in my humble opinion, is the shipping cost and the unreasonable excise duties.

I did a few calculations this past week on a car myself. My resolution was to buy a pre-owned car in Nigeria due to exactly the exorbitant clearing fees.

I personally salute the importers, more power to your elbow. At the rate that you chaps are bringing in these cars, the market will be saturated and the common Man should be able to get a decent car. If only the government will only use a fraction of the custom fees to improve the roads.
Re: Why Are Nigerian Car Dealers So Greedy?! by Fhemmmy: 12:40am On Feb 10, 2012
Somorin#1:

I don't think that the dealers are greedy, they are business Men.

The issue, in my humble opinion, is the shipping cost and the unreasonable excise duties.

I did a few calculations this past week on a car myself. My resolution was to buy a pre-owned car in Nigeria due to exactly the exorbitant clearing fees.

I personally salute the importers, more power to your elbow. At the rate that you chaps are bringing in these cars, the market will be saturated and the common Man should be able to get a decent car. If only the government will only use a fraction of the custom fees to improve the roads.

[b]Great comment, i would actually love to see the govt use some of the money that are being collected to take care of the ports, cos it is so pathetic:

1. Someone dies at the port on a monthly basis for lack of proper equipment
2. They ought to make the port paperless with all the money they collecting, by now should all be computerized
3. CLearing of a ride should not be more than 2 days, cos it is no brainer and no big deal.

But all they are collecting, clearing sometimes could take couple of weeks, while that causes delays at the port and causes other vessels to wait and that even made some shipping lines to delay vessels from leaving the port of departure.

Nigeria is a just a joke, they charge so much money and yet we have a terrible Port and the service are horrible . . . the govt always make noise about clearing the port of the touts and yet not sure that has happened.

Apart from paying the normal fees, even the Quarantine officer wanna collect his own pay before the agents takes the ride out of the port.[/b]
Re: Why Are Nigerian Car Dealers So Greedy?! by Nobody: 12:50am On Feb 10, 2012
Fhemmmy:

[b]Great comment, i would actually love to see the govt use some of the money that are being collected to take care of the ports, cos it is so pathetic:

1. Someone dies at the port on a monthly basis for lack of proper equipment
2. They ought to make the port paperless with all the money they collecting, by now should all be computerized
3. CLearing of a ride should not be more than 2 days, cos it is no brainer and no big deal.

But all they are collecting, clearing sometimes could take couple of weeks, while that causes delays at the port and causes other vessels to wait and that even made some shipping lines to delay vessels from leaving the port of departure.

Nigeria is a just a joke, they charge so much money and yet we have a terrible Port and the service are horrible . . . the govt always make noise about clearing the port of the touts and yet not sure that has happened.

Apart from paying the normal fees, even the Quarantine officer wanna collect his own pay before the agents takes the ride out of the port.[/b]


Hello Fhemmmy, your wonderful reputation precedes you.

Regarding your suggestions, the leadership at the ports must know all about efficiency. It's probably not in their best interest to automate the process due to "ilabe". One dey sha maybe my country will turn for the better, all the ingredients are there and in vast quantities to effect thise change. We have the money, the labor both professional and otherwise and at home and abroad, the vision. What is stopping us?

By the way, a term I learned that stopped me cold in my tracks was demurrage fees. You Guys have to also build that into your merchandise pricing.
Re: Why Are Nigerian Car Dealers So Greedy?! by Fhemmmy: 12:55am On Feb 10, 2012
Somorin#1:

Hello Fhemmmy, your wonderful reputation precedes you.

Regarding your suggestions, the leadership at the ports must know all about efficiency. It's probably not in their best interest to automate the process due to "ilabe". One dey sha maybe my country will turn for the better, all the ingredients are there and in vast quantities to effect thise change. We have the money, the labor both professional and otherwise and at home and abroad, the vision. What is stopping us?

By the way, a term I learned that stopped me cold in my tracks was demurrage fees. You Guys have to also build that into your merchandise pricing.

Thanks for your great comment and we still have a long way to go, cos we still can be better.
I do agree with you that they will not wanna see improvement cos that will take away all their bribery acts.

As per thedemurrage fees, i have never charged a client for that, cos if it happened, it is either my fault or that of the agents, and since the agent is working for me, i will not go back to the client and ask for more money, i just absorb it and move on.

I hope and pray that one day, Nigeria will be a better nation too
Re: Why Are Nigerian Car Dealers So Greedy?! by chinosxl(m): 1:53am On Feb 10, 2012
@ Dukes83,

Try buying an SUV that's less than 5yrs old or any yr model vehicle, have it shipped/cleared then come back here with your total cost lets compare with the dealers price. Ur post sounds like one from a STINGY BUYER.
Re: Why Are Nigerian Car Dealers So Greedy?! by tampa1871: 3:07am On Feb 10, 2012
Fhemmmy:

Highly honored and appreciative of your statement Sir . . .  God bless
This is a man of high integrity and I have great respect for him, I feel insulted by anyone insulting him.
Re: Why Are Nigerian Car Dealers So Greedy?! by tampa1871: 3:13am On Feb 10, 2012
Fhemmmy:

Thanks for your great comment and we still have a long way to go, cos we still can be better.
I do agree with you that they will not wanna see improvement cos that will take away all their bribery acts.

As per thedemurrage fees, i have never charged a client for that, cos if it happened, it is either my fault or that of the agents, and since the agent is working for me, i will not go back to the client and ask for more money, i just absorb it and move on.

I hope and pray that one day, Nigeria will be a better nation too

Phemmy, I am waiting for your arrival because I know you are going somewhere, you are the kind of person that I like to meet, anytime I visit home, I will make sure I take you to lunch, good name is better than riches and gold. Please keep on keeping on, honesty is an excellent virtue that is always rewarded no matter how long. Keep up your good name.
Re: Why Are Nigerian Car Dealers So Greedy?! by yurLink: 9:37am On Feb 10, 2012
I don't Know Phemmy but he must really be a good man going by what others here have said about him, but i still stand on my earleir point, however i believe Govt agencies and agents also have to share the blame for the high cost of cars in Nigeria, what customs charge for one to bring in cars is just to high, add these to the clearing agents and i tell u, u might be tempted to smuggle ur car in through cotonou
i bought a 2008 highlander with the mileage just above 30,000 from the usa, trucked it to Port of New york, shipped it to lagos  Ro Ro Port ( i did not load it into a container as i had recently had a bad experience with a previous car i loaded unto a container) and i tell you, all i've paid in naira at this point is 3.275 million, now is where the problems begin, from my agent to customs duties and levies even as the said vehicle is a bump on the side vender so it is technically salvaged, before the car could get into my hands gangan, i had paid 510,000 bring the total cost of the vehicle to almost 3.8 million, i had to do minor repairs  too which cost about another 100k, Now if i wanted to sell such vehicle(thank God say na me get am), which i bought  and landed in Lagos for 3.275 and 3.9 got it into a perfect condition, selling it a 4.5million would not be too greedy in my opinion but i see cars with over a 100 thousand mileage bn sold for more (and of cuz accident or salvaged, trust me a large percentage of vehicles sold as tokunboh are accident cars), but i know a dealer that just adds about 500k as profit, so no all car dealers are greedy, na 9ja's peculiarity cause am.

Import charges must go down if vehicles in Nigeria must come down, I would love every Nigerian that wants a good car to be able to own one without paying through the nose

Re: Why Are Nigerian Car Dealers So Greedy?! by Emperoh(m): 9:55am On Feb 10, 2012
. . . . . . .to dealers here, keep reping
Re: Why Are Nigerian Car Dealers So Greedy?! by dandollar1: 10:06am On Feb 10, 2012
Even if they sell their cars at exhobitant prices,how do I even know I am buying a good car and not an accidented or salvage car,if for example,I want to walk into a car lot in lagos to pick a car?
I want to get a car soon,probably frm a car lot in lag,but scared,because I don't want to make the mistake of getting someting that would give me problems or allow my money go down the drain ,being that this would be my first car.how do I go about it?
Re: Why Are Nigerian Car Dealers So Greedy?! by Lexusgs430: 11:22am On Feb 10, 2012
dan_dollar:

Even if they sell their cars at exhobitant prices,how do I even know I am buying a good car and not an accidented or salvage car,if for example,I want to walk into a car lot in lagos to pick a car?
I want to get a car soon,probably frm a car lot in lag,but scared,because I don't want to make the mistake of getting someting that would give me problems or allow my money go down the drain ,being that this would be my first car.how do I go about it?

Buy a brand new car !!!!

1 Like

Re: Why Are Nigerian Car Dealers So Greedy?! by gat2so(m): 11:46am On Feb 10, 2012
i clear a toyota avalon 2006 model with 290k in nigeria port
Re: Why Are Nigerian Car Dealers So Greedy?! by dandollar1: 11:51am On Feb 10, 2012
Lexusgs430:

Buy a brand new car !!!!
Not there yet,but very soon.meanwhile, I need one ŋ☺ώ.how do I make sure I'm getting a very good tokunbo? smiley
Re: Why Are Nigerian Car Dealers So Greedy?! by Fhemmmy: 2:29pm On Feb 10, 2012
tampa1871:

This is a man of high integrity and I have great respect for him, I feel insulted by anyone insulting him.

I am so honored, Sir . . . God will bless you too and perfect all that concerns you.
Re: Why Are Nigerian Car Dealers So Greedy?! by Fhemmmy: 2:30pm On Feb 10, 2012
tampa1871:

Phemmy, I am waiting for your arrival because I know you are going somewhere, you are the kind of person that I like to meet, anytime I visit home, I will make sure I take you to lunch, good name is better than riches and gold. Please keep on keeping on, honesty is an excellent virtue that is always rewarded no matter how long. Keep up your good name.

Amen, Sir . . . And i am a very cheap date, Just buy me Gala and Coke and i am kool . . . Lol
Looking forward to meeting you too, Sir.
Re: Why Are Nigerian Car Dealers So Greedy?! by Nobody: 2:37pm On Feb 10, 2012
Make a VIN check sir smiley

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