YorubaAssasin:


Sir, refer to my prior post.. I didn't complete it as I only booked space with it...

Anyway, my apologies for the Ignoramus thing, I'll take it off.

I really don't need to refer to your entire post, my response above covers everything else you added.

The price is not the issue.

If you read through the thread Explorers created about vehicles in the Autos Section and the thread below, you'd understand what the real issues are.

https://www.nairaland.com/4472739/vin-validation-vin-tampering-case

YorubaAssasin:


Firstly, I need to know what you guys are complaining abt. Are you guys disputing the vehicle salvage status or the final price tag? From what the OP put up there, I think it's reasonable even though it's a very bad deal. IMHO.

The $275 isn't the net/final price sold at the auction. That price is what's called the pre-bidding price prior to the actual auction. After the real auction might have taken place, the final bidding price is likely to surpass the $275. Okay let's assume the final bid price is $275...

The $1K add fee is mandatory but, not necessarily that much. It's usually a % of the total cost + numerous fees (paper-work) added up. So let's assume it's $1K... So, let's do the math...

$(275 + 1,000 + 200 + 1,200) = $2,675 * N360 = N963,000 + N500,000 (Clearing Cost) = N1,463,000

Let's NOT forget, the car was fixed by whoever that bought it... and from the damages I'm seeing, the total fix price to get this to its current shape would be nothing less than $1,500 - $2,000 = N540,000 - N720,000. Let's say it's N540,000


N1,463,000 + N540,000 = N2,003,000.

Again, this is the minimum net price given the info. provided by OP. So why the hassle... everyone whining upandan. This is one of the numerous reasons I tell folk to rather buy a car in Nigeria than from here in the U.S. The only advantage of buying foreign (developed nation)used cars is proper usability (good roads/dealership maintained etc.. ) and less-salvage value compared to 9ja used.

Though, this is a very bad deal given the extent of damage and cost of repair of this particular vehicle. I expected someone like "Explorers" to have dug more info. before coming out to cry foul.

where are you getting your own $1k from?

Cosplay:


I really don't need to refer to your entire post, my response above covers everything else you added.

The price is not the issue.

If you read through the thread Explorers created about vehicles in the Autos Section and the thread below, you'd understand what the real issues are.

https://www.nairaland.com/4472739/vin-validation-vin-tampering-case

Well, perhaps, the retro article / link to it should have been provided with the main thread to give the readers enough ammunition of info.

That’s why I don’t like buying cars from copart.com so many dirty cars there.

My Venza is not that bad when I bought it from the US though.

Cosplay:


I really don't need to refer to your entire post, my response above covers everything else you added.

The price is not the issue.

If you read through the thread Explorers created about vehicles in the Autos Section and the thread below, you'd understand what the real issues are.

https://www.nairaland.com/4472739/vin-validation-vin-tampering-case

Im very sure they did not clear the crash data from the impact sensors

Cosplay:
I had a feeling it was a similar situation when I saw your request. I just didn't know how dire the situation was.

It beats my imagination how one would witness this and the situation I described in the VIN Tampering thread and still be against the VIN being provided upfront for preliminary investigation.

The elderly gentleman, unfortunately, failed to do his due diligence, for whatever reason, it could simply be a case of poor preparation before purchasing a vehicle in Nigeria.

I have no issues with the price. The seller may choose to ask for 4 million NGN after factoring in repair costs, if he so wishes, as long as he has fully disclosed the history of the vehicle and provided the VIN. Sellers with ridiculous prices often get regulated by market forces after their vehicles sit unsold for long periods due to the high prices.

Make no mistake about it, the bulk of the responsibility lies with the morally bankrupt seller for failing to fully disclose the history of this vehicle and probably for taking undue advantage of the elderly gentleman.

Very unfortunate.

I’m in agreement with the bolded.

Should you tell him?

Hmm just imagine it was his wife and not a car

At least let him know there is likely no air bag

goldenval:
That’s why I don’t like buying cars from copart.com so many dirty cars there.

My Venza is not that bad when I bought it from the US though.

Ok.. Mr. Venza owner

Cosplay:


The labor costs to fix this level of damage to acceptable standard before export to Nigeria would be significantly more than would be charged in Lagos.

So they get shipped in in their damaged state, sometimes are even declared as for-parts, for the very severely damaged vehicles, they make a killing on the import duty, 'fix' the vehicle - Which often is a shoddy process, what shady dealer would want to make the expenses to fix a deployed SRS assembly to standard, afterall- then the 'repaired' vehicles get a glossy coat of paint and get advertised by the fellows in the Autos Section as Accident-Free, with no VIN and no history.

An unsuspecting or naive fellow comes along and gets swindled into forking over some cash, almost always significantly overpriced.

Then the process restarts.

There's a reason why used car salespeople have such a bad rep.

boss, I will give you a call. We need to talk.

Explorers:


Imagination bro, why the vehicle will be that expensive despite the history.

The quote up there i dont think is more than 1.5m

Of which the cost of putting that ride in order is not inclusive ooooohhhh....

You sef think, like how much go fix this kind moto

Cc gazzuzz kingreign, diportivo

Will anyone be wrong to call una 'lazy'? I looked through the comments, majority of you ran away with the $275 buying price....N2.2M selling price. All the other costs were ignored. I love the guy that took his time to consider all other costs for his analysis. This is exactly how you guys consume anything you find online, you rely on second hand interpretation of issues, once one irrational youth start the ill-advised rant, you all jump into the bandwagon.

Explorers:
Results


let's imagine that;


Last bid - $275

Additional fee - $1,000

Trucking/Towing to nearest port - $200

Shipping roro - $1, 200

Clearing - ₦500, 000

A good car can’t be sold at the price there ...
Buying this car at that price can look cheap but it’s risky
With the economy of Nigeria ...I think kudos to the dealer that risk his money on this
The whole money spent on the car is 1.5 million naira ...
There’s a lot of things that is going to be changed in the car
Airbag ,two light ,bonnet,vender,front grill,some things will be changed inside the engine ,it’s will be painted all is going up to 2 million naira so 200k is not much

Explorers:
Results


let's imagine that;


Last bid - $275

Additional fee - $1,000

Trucking/Towing to nearest port - $200

Shipping roro - $1, 200

Clearing - ₦500, 000

How or which site did you get the information

Trustme2:
Hmmmm. Bros I beg let the sleeping dog lie. No go give the old man hypertension o

And allow him drive a car whose airbag has been deployed?

ogtavia:
walahi, human beings are wicked. I will not advice anyone to buy a vehicle from US without knowing the history. Even if it's a repaired vehicle, the damage should not be this extensive. My neighbour also bought a corolla of this kind 2 weeks ago and every indication tells me it's an accidented vehicle.
I am feeling very sad for the Baba right now.This seems like it happened in Akure. You must tell the Baba and let him involve the police. But there is very little that can be done here. Even at that, 2.2m for a used 2006 camry? How much is 2007 camry or a 2009 toyota corolla? That dealer is a rogue.

nothing really happend to this Toyota na in nigerian standard..its from the frontside not direct front impact. I would never buy this and sell to someone rather If I am so interested in this car, I would buy it and fix it to factory and make sure it is working the way it should with no issues if at all I want to sell

God Bless you for the Breakdown and Understanding

YorubaAssasin:


Firstly, I need to know what you guys are complaining abt. Are you guys disputing the vehicle salvage status or the final price tag? From what the OP put up there, I think it's reasonable even though it's a very bad deal. IMHO.

The $275 isn't the net/final price sold at the auction. That price is what's called the pre-bidding price prior to the actual auction. After the real auction might have taken place, the final bidding price is likely to surpass the $275. Okay let's assume the final bid price is $275...

The $1K add fee is mandatory but, not necessarily that much. It's usually a % of the total cost + numerous fees (paper-work) added up. So let's assume it's $1K... So, let's do the math...

$(275 + 1,000 + 200 + 1,200) = $2,675 * N360 = N963,000 + N500,000 (Clearing Cost) = N1,463,000

Let's NOT forget, the car was fixed by whoever that bought it... and from the damages I'm seeing, the total fix price to get this to its current shape would be nothing less than $1,500 - $2,000 = N540,000 - N720,000. Let's say it's N540,000


N1,463,000 + N540,000 = N2,003,000.

Again, this is the minimum net price given the info. provided by OP. So why the hassle... everyone whining upandan. This is one of the numerous reasons I advice folks to rather buy a car in Nigeria than from here in the U.S. The only advantage of buying foreign (developed nation)used cars is proper usability (good roads/dealership maintained etc.. ) and less-salvage value compared to 9ja used.

Though, this is a very bad deal given the extent of damage and cost of repair of this particular vehicle. I expected someone like "Explorers" to have dug more info. before coming out to cry foul.

Explorers:
Results


let's imagine that;


Last bid - $275

Additional fee - $1,000

Trucking/Towing to nearest port - $200

Shipping roro - $1, 200

Clearing - ₦500, 000

Cost of repairs nko

erico2k2:

where are you getting your own $1k from?

There's what is called:

Online-Bidding fees (if bidding done online)

loading fees (to take it out of the auction lot),

Buyer's fee (Lion % of the total fees)

Taxes

Other miscellaneous fees (varies on the status of the buyer)

Again, it's NOT necessarily the prices stated by the OP. It could be more or less.

somehow:
Dealer made around d #700k from this alone. Almost that can buy another car.

You didn't factor in cost of repair
Bumper, headlights, grill, engine bay damage, fender, hood, painting, labour.

Modified
Oh I see someone has done a proper analysis including repair costs

Nawaa o

Mehn, this is business. The dealer didn't coerce the dude to buy the car. It was an agreement, and a businessman is entitled to sell his goods at whatever price he feels, as long as there is no regulation on that product. It is the responsibility of the man to research on his intending purchase.
For those crying foul, go hug transformer.
Who send u?

@ Explorers, please which website did you get the vehicle history details.

Thanks

I dont see anything wrong when you consider clearing and repairs the profit would have a slight difference from new

May God bless the mod that put this on FP. There has been several complaints from customers with respect to how these wicked dealer purchase extremely damaged vehicle at very low price and spend little to make it look good meanwhile splash heavy money for end users in Nigeria.

This is a pointer to those who are about to purchase vehicle to first check the history of the car via the vehicle's VIN.

Explorers:


Imagination bro, why the vehicle will be that expensive despite the history.

The quote up there i dont think is more than 1.5m

Quite frankly Mr Explorers,I advise your boss(the elderly man) to take the customs documents on that vehicle for a proper check of the C number .
Any dealer so heartless to sell this lemon to the poor buyer could also fake the customs papers. I can bet that either no duty was paid on this vehicle or it was processed as scrap which pays a far lesser rate of duty on the ports.

Explorers:

Hallo can you help me get the bid history for a ride bought in canada. i would like to know if the dealer is telling the truth.
Cc : Ipfreely

ogtavia:
Which one is additional fee of $1000? Is it a standard fee? By the way, why is shipping that expensive?

yes.
Usually 1000$

This is one reason I prefer European cars.

Poor papa

There already are, and will be, a lot of comments from clever individuals about how it's just business and how there was no wrongdoing in this situation.

There will also be comments from individuals getting hung up on the price, somehow missing the primary issues.

Those comments are hardly surprising. They abound in the Autos Section of this Forum.

Those comments and the warped rationalization prompting and fueling them are the reasons business continues to be such a risky endeavour in this society.

ogtavia:
ah, I for talk oh.. but to be honest, Nairaland has created a lot of awareness. Especially when it has to do with auto purchase. The quote is about #1,463,000.

That is with black market rate oo. Dont be surprised that the dealer maybe buying it at CBN rate. Fear some Nigerians..