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New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 - Car Talk (4) - Nairaland

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Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by darediamond(m): 9:46am On Dec 31, 2014
The locally made ones are cheaper.
Why boost they economy of another country unnessarily?
So you want Nigerians to keep wallowing in slavery??
This is not about GEJ. This is about our lives collectively as Nigerians.

If we start importing plastics, how do you think our naira will fare? Positively?
If we improve in our Scientific Research, come up with more products both new and old which we are alreding importing like AC Alternators, Fabrication Machines of various types etc., and start manufacturin(not assembling) all these products here in Nigeria and people start buying them, do you think Naira will bé the it is now?
To finish a Race, you start from a Point.
jingh:
we no fit afford new, even the tokunbo they wan.............

They don't care about us

3 Likes

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by backtosender: 9:46am On Dec 31, 2014
phantonce:
Why are nigerians short sighed?

One of my uncle recently bought a 2009 tokunbo suv for 2.5 million naira.

He didn't know he could get a brand new innoson suv for 3 million and naija made hyundai suv for 3.5m
exactly,people should realized that made in nigerian cars are cheaper to buy and maintain than imported cars

1 Like

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Nobody: 9:47am On Dec 31, 2014
mcgboye:

http://www.punchng.com/news/tokunbo-cars-to-cost-more-from-january-1/

http://nairametrics.com/new-year-gift-from-this-govt-import-duty-on-tokunbo-cars-to-increase-by-70-jan-1st/?utm_source=&utm_medium=twitter

Basically, import duty on tokunbo cars will double. The direct result is a significant increase in the prices of cars. I hope the gov't doesn't go ahead with this new duty regime.
...GEJ is the best? re-elect GEJ at your own detriment.vote GMB 2015...
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by 2black(m): 9:47am On Dec 31, 2014
kennaustine:
^^^ Whats really wrong with y'all APC propagandist? The increase in tariffs for imported automobile is to encourage local automobile manufacturers. Common SS2 Economics student will tell you that one way of encouraging local production is increasing import tariffs. That's called Import Substitution Strategy. Aren't you ashamed that Nigeria has become a dumping ground for every kind of crap produced in other climes? We have Innoson, PAN, ANNAMCO, VON, Nissan and other automobile manufacturers in Nigeria and we know that government is trying to revitalize them so as to boosts our economy. Yet you criticize this one very good move government makes to see to its realization. Many of these imported cars have been used for above five years and then they're moved to Nigeria for dumping, after which when you buy, you'll use for no more than three years and the money u would have spent on repairs and maintenance may have exceeded the original cost. Some brand new Innoson cars go for 1.5m and they're trying to beat it down to 1m. So which is better ; buying a brand new car for 1.5m and enjoying it for 3 to 4 years without excessive repair cost or buying a tokie car for 800thousand and spending over 500thousand on repairs in 3 years. A relation of mine has spent about 300th on repairs on a tokie car he bought for about 800th and the car IS STILL HAVING ISSUES. Wont it have been better to just buy a brand new made-in-Nigeria car and save yourself some unecessary stress. Why are we so used to cheap craps and worthless articles? Is that what APC wants for us? SMH. Which way Nigeria? #SeeBeyondPropaganda

Does anyone in government use any of these locally made cars? Do u currently use one?

2 Likes 1 Share

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by amaechionuh(m): 9:48am On Dec 31, 2014
myownlife:
Selfish dude.
Because you have crossed the bridge, you think the best for you is to burn the ladder. Even in America, using a used car is not a stigma. This is almost new year. No make me vex ooo.
The used cars in America is made in America... Don't worry bro, I will sell my IVM car after using it for 2 years ok! State governments and companies are not purchasing IVM cars, soon they will auction some out and you can aswell buy it as used car MADE IN NIGERIA not America.

Am beginning to be proud of this Nation...GEJ till Buhari confesses Jesus Christ as his personal Lord and saviour.

2 Likes

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Nobody: 9:49am On Dec 31, 2014
Austindark:
1st of January 2012 there was increase in the price of petroleum.
1st of January 2015 an increase in the taxation on imported cars.

1st of January 2015 there will be ban on okada.

wetin them want make poor man take waka. no akada, no petrol, no car.....


the country has failed indeed.
..they want poor people to ride keke napep.killing us softly...

1 Like

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by jamst(m): 9:50am On Dec 31, 2014
well,we are heading for a rough ride in the coming years...blame the bastard zionist usa & wahabi saud for this econonic hardship in nigeria,and also all our useless & coward presidents for succumbing to zionist usa bullying.
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Montaque(m): 9:51am On Dec 31, 2014
frustratedman:
VOTE GMB FOR THE DESIRED CHANGE

VOTE GMB TO DELIVER US FROM ECONOMIC SLAVERY AND ANTI-HUMAN POLICIES

BUHARI TILL 2019

SAI BUHARI cool
akuko,you ain't seen nothing yet.
You expect change without changes.

3 Likes

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by SaiBuharii: 9:52am On Dec 31, 2014
ceejayluv:

That's definitely wrong... If the tariff for a 1 million naira vehicle was 100k before, it'll rise to 170k now


Increased to 70% not by 70%
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Nobody: 9:53am On Dec 31, 2014
jamst:
well,we are heading for a rough ride in the coming years...blame the bastard zionist usa & wahabi saud for this econonic hardship in nigeria,and also all our useless & coward presidents for succumbing to zionist usa bullying.

No....blame our governments over the years for refusing to realise that the resources we have are not enough for our large population....said realization would have made them go industrial.

Countries that rely on oil never prosper....unless they have populations below 15million, or diversified economies.

1 Like

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by iyobs7(f): 9:54am On Dec 31, 2014
We keep bashing one another and playing to the tune of these politicians because yes they know how gullible Nigerians are... Said Buhari Said Buhari Fresh air Fresh air... You siddon shout fresh air for 8years now every one is shouting said Buhari said Buhari change change and you are jobless for those years, dont worry when Buhari wins, he will come to your house and give you work...

First page is filled with ahhhh jona, clueless, useless this and that, Una nor ready think of the opportunities wey brekete for ground when people nor fit buy car from obodo oyibo again...

Cars abi na motor get many parts, wetin be your skill, how you fit take make one part of that car like the head light, small thing like car battery, carburetor, even the rims? Make am your hot cake, as e dey hot buyers go come...

Na here people go take loan take start importation business instead of local manufacturing...

How u fit take distinguish yourself? Government government government...

E dey pain me ooo...

5 Likes 1 Share

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Nobody: 9:55am On Dec 31, 2014
M4gunners:
At times i wonder how we nigerians think . Greedy is in everyone's body when it comes of money. Is it a bad move? Why trying to blame fg for doing a good job that will improve our local manufacturers? This is a good move for our economy . South Africa is growing today, it's because of their car industry. You can't import Car to SA like we dose in Nigeria. This is a good move please.

"Improve local manufacturer"s"? How many do you know of?

1 Like

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Montaque(m): 9:55am On Dec 31, 2014
Tinubu:
Discouraging importation is no doubt, the best way to attain economic development


Less importation= more demand for local commodities = encouraging local enterpreneurship= more employment opportunities.


However,

Inasmuch as supporting local industries is praiseworthy, quality control shouldn't be taken lightly.... The Standard Organization of Nigeria, and other quality standard regulatory agencies should become less of a bureaucratic rubber-stamp, and rise up to their responsibilities of ensuring public safety, and commensurate value for money spent

But, with this Otueke fellow undecided


I just sense that the sole purpose of this increase in duties, is to add more fuel to his looting jamboree..... We are yet to recover from the fuel subsidy removal scam, missing billions, etc, and he deems it fit to still assault the Nigerian public again..... angry
thank God you know the economics involved,but be positive
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by BABANGBALI: 9:57am On Dec 31, 2014
Time for man pikin to buy camel or donkey

1 Like

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Waspy(m): 9:58am On Dec 31, 2014
treasuress:
God punish GEJ more money for the rich no wonder dem dey donate money give u, ...GMB forever

only you bann bike only u want to make cars expensive so the poor cant buy, smh
GEJ wan make pple dey use leg ( without shoe) waka. Hin wan make pple feel how hin bn dey hustle before Alameighseha, him mentor for lootery, Behind am up undecided




For those talking abt local brands....how many do you know and can vouch for or invest in?. How many government officials buy and use them as their private vehicles? Will the IVM monopoly pay off?

Speaking of IVM, will the common pple that can barely pay 900k for a tokunbo of a trusted brand (Toyota) readily go for a N1m Innoson car?


Dangote played the local content/brand card....who is the better for it? Is it the masses?

Abeg angry

1 Like

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by GEJman: 9:58am On Dec 31, 2014
Omotolu:
..they want poor people to ride keke napep.killing us softly...

just look at how you have downgraded yourself? instead of you to pray to God to answer your prayer so u can buy new car other than Tokunbo. Tokunbo is a curse....buy new car

1 Like

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by kazmanbanjoko(m): 9:58am On Dec 31, 2014
Na wa ooo.

2 Likes 1 Share

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by ceejayluv(m): 9:58am On Dec 31, 2014
SaiBuharii:



Increased to 70% not by 70%
Elaborate pls... I'm lost.
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Nobody: 9:59am On Dec 31, 2014
2black:


Does anyone in government use any of these locally made cars? Do u currently use one?
Thanks for asking so you dont wallow in damning cynicism. The fed government is Innoson's largest single client. And, No, I am currently use no car. Any more question student? tongue

1 Like

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Nobody: 9:59am On Dec 31, 2014
2black:


Does anyone in government use any of these locally made cars? Do u currently use one?
Thanks for asking so you dont wallow in damning cynicism. The fed government is Innoson's largest single client. And, No, I am currently using no car. Any more question student? tongue
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by qtx(m): 10:00am On Dec 31, 2014
keyman0007:



HW does it get beta?

It is we the citizen that suffer the effect, why cant the government give the companies manufacturing inside some wavier to make their cars cheaper, rather they want to make more money. Also 70 percent is outrageous. hw much does the government knw dey sell new car? you cant get a new car less than 2.5m. how many people can afford 2.5m for a car when a gud tokunbo can go as low as 1m embarassed

Even okonjo, aganga and GEJ do not use these so called locally manufactured cars.

All these people bringing all these harsh polices dey didn't witness during their time, it God dat will judge them.

leave sentiments aside, there is no better time to implement such an economically important policy. I bet you even if they say in 5years time , many people will still complain that they are not ready yet. All of us need to endure the strain for a better tomorrow.

2 Likes

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Montaque(m): 10:00am On Dec 31, 2014
SaiBuharii:
He increased the price of fuel by an unprecedented margin ever...the pple he represents occupied the street, and they deceived us the money will be used for infracstructural development. After 6 years. Where is the development? Are the hospitals better or the workers are striking continuously? Are the schools better or the lecturers in all institutions are striking? Why has lagos-Ibadan not been completed in 6 years? Why are the rates of trains dt he finally did in lieu of election so expensive? My teacher told me trains are the cheapest source of transportation!

He has increased the price of car importation to 70%. Means if you buy a car of 1m, you pay extra 700,000 thousand. Why? What is the hope for the ordinary Nigerian huzzling to buy a used car. This locally produced cars...are they affordable - No.This also has a multiplying effect on the economy...cos all cars become expensive. The local industry you claim you want to encourage...are they ready to serve us? Why can't you buy the local cars and use them in your fleet of cars. Leadership by example!

Also in his time. because of the govt. cannot manage the economy, he has increased the dollar, and once again broke the record. How did Sanusi control it. What about your guy there. Is he doing the right thing? Dollar increase has led to virtually everything becoming expensive. A poor man cannot shop online again. Our reserves are empty. Where is the money? What has it been used for?


The why's are plenty...but the last is why should I vote for you when all your policies are killing me the ordinary citizen on the street. Don't you think I will commit sucide if you stay till 2019?








As for me and my family.
#GMB2015
#CHANGE




Mr. Progressive


imagine. So the federal Govt increased the dollar? Smh
The high demand for dollar by nigerian importers did, if u are not happy with the dollar increased xchange rate,support the automobile policy now.
Have heard of IVM?

5 Likes

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by amnps: 10:01am On Dec 31, 2014
Yes, they say the import substitution strategy is to encourage local production. But a pertinent question begging for answer is, "where are these locally produced cars?"

At a time the dollar exchange rate has shot through the roof, doesn't that also translate to a higher cost of these so-called locally produced cars as their imported parts are purchased in dollars?

Only the mentally/intellectually retarded person will argue against a regime change come February 2015. As for me, I know where my heart lies. The GEJ govt has absolutely NOTHING to offer.

1 Like 1 Share

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Ahmed4002(m): 10:02am On Dec 31, 2014
Tell does you doesn't know about your porous borders. If dem like add 100%
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by process123(m): 10:02am On Dec 31, 2014
mcgboye:

http://www.punchng.com/news/tokunbo-cars-to-cost-more-from-january-1/

http://nairametrics.com/new-year-gift-from-this-govt-import-duty-on-tokunbo-cars-to-increase-by-70-jan-1st/?utm_source=&utm_medium=twitter

Basically, import duty on tokunbo cars will double. The direct result is a significant increase in the prices of cars. I hope the gov't doesn't go ahead with this new duty regime.

Is a way of encouraging our own automobile industry. We can't keep being a consuming nation. Is a step in d right direction encouraging employment in d automobile industry. Is also 4 d good of d so-called poor masses

3 Likes

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Boss13: 10:03am On Dec 31, 2014
phantonce:
Why are nigerians short sighed?

One of my uncle recently bought a 2009 tokunbo suv for 2.5 million naira.

He didn't know he could get a brand new innoson suv for 3 million and naija made hyundai suv for 3.5m

Liar. A Hyundai cost from 4.5 million

3 Likes

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by major466(m): 10:05am On Dec 31, 2014
Austindark:
1st of January 2012 there was increase in the price of petroleum.
1st of January 2015 an increase in the taxation on imported cars.

1st of January 2015 there will be ban on okada.

wetin them want make poor man take waka. no akada, no petrol, no car.....


the country has failed indeed.
So you guys prefer scrap second hand cars to brand new ones? Have it not occurred to you that as Auto mobile production peak, prices of brand new cars will crash to the level were every Nigerian can afford?

1 Like

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by waksman(m): 10:06am On Dec 31, 2014
amaechionuh:


Shame on you ooo... IVM is an evidence that our automotive policy is working, this is a very good news infact they should make it 100% import duty. Innoson is making cars in Nigeria and you should be proud of it, all you do is hate and criticise, that's why you will never grow. We have lots of Innosons in Nigeria.
imagine someone raised two important points about what is required to make d policy effective n all u could do was to criticize. ajaokuta needs to b revived n there must b improved power supply to make this policy work.
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by amaechionuh(m): 10:08am On Dec 31, 2014
ceejayluv:

Elaborate pls... I'm lost.
Why won't you be lost when your past leader (Buhari inclusive) failed to give you quality education.
Well, thank God for almajiri schools so its not too late.
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Onegai(f): 10:08am On Dec 31, 2014
bushdoc9919:


If we want to make cheap cars locally.....Ajaokuta must be revived. No buts.

Precisely. We cannot make cheap cars until we can source 50% or more of the raw goods needed for cars locally. Our Steel industry must be revived and we need Quality Control experts to set up testing facilities here. Also, let our govt put their money where their mouths are and USE MADE-IN-NIGERIA cars as their official vehicles, as vehicles of almost all parastatals.

The only Innoson vehicles I've seen in Lagos were buses travelling to/fro the East, yet the man has been producing for over 2 years. FG should have patronised him and used banks to offer excellent loans to Nigerians to buy Made-In-Naija.

2 Likes

Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by jamst(m): 10:09am On Dec 31, 2014
bushdoc9919:


No....blame our governments over the years for refusing to realise that the resources we have are not enough for our large population....said realization would have made them go industrial.

Countries that rely on oil never prosper....unless they have populations below 15million, or diversified economies.
who tell you that we dont have enough resources to cater for our needs,part the problem of the prob is our leaders
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Montaque(m): 10:10am On Dec 31, 2014
kennaustine:
^^^ Whats really wrong with y'all APC propagandist? The increase in tariffs for imported automobile is to encourage local automobile manufacturers. Common SS2 Economics student will tell you that one way of encouraging local production is increasing import tariffs. That's called Import Substitution Strategy. Aren't you ashamed that Nigeria has become a dumping ground for every kind of crap produced in other climes? We have Innoson, PAN, ANNAMCO, VON, Nissan and other automobile manufacturers in Nigeria and we know that government is trying to revitalize them so as to boosts our economy. Yet you criticize this one very good move government makes to see to its realization. Many of these imported cars have been used for above five years and then they're moved to Nigeria for dumping, after which when you buy, you'll use for no more than three years and the money u would have spent on repairs and maintenance may have exceeded the original cost. Some brand new Innoson cars go for 1.5m and they're trying to beat it down to 1m. So which is better ; buying a brand new car for 1.5m and enjoying it for 3 to 4 years without excessive repair cost or buying a tokie car for 800thousand and spending over 500thousand on repairs in 3 years. A relation of mine has spent about 300th on repairs on a tokie car he bought for about 800th and the car IS STILL HAVING ISSUES. Wont it have been better to just buy a brand new made-in-Nigeria car and save yourself some unecessary stress. Why are we so used to cheap craps and worthless articles? Is that what APC wants for us? SMH. Which way Nigeria? #SeeBeyondPropaganda
don't mind them bro, every body shouting change jst to get into our pants.
I wonder the type of change they expect than this. People blinded by sentiment and running the country aground while local manufacturers are pushed out of trade. Are u unemployed and against the auto policy? Maybe u will get bank loan to buy the cars,cos some will still remain unemployed till we have our own auto coys who are viable.
Innoson,annamco et al has the potential to be like honda,toyota etc,only if we patronise them. That's the real change. GMB has this in mind but won't tell you,cos he needs ur vote

1 Like

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