To explain this, I'll use a Toyota Corolla 2005 as an example.

To start, on our website, www.autoauctionmall.com, depending on mileage, status (clear, salvage etc), and if you are taking up a "Buy Now" offer or leaving it to the live auction, the average cost of a 2005 Corolla is in the range of $1500 - 2500. At an exchange rate of N360 - $1, that is about N520k minimum. It may be lower depending on other factors.

So why is the price in Nigeria between N1.7m - N2m and how can I get it for less?
Here's a breakdown to help you understand why it is expensive

1. Shipping Cost:
The cost of Shipping, if by RORO can be at least $1400 depending on the cost of local shipping/trucking which is determined by the distance of the auction lot to the car port. A local dealer in Nigeria importing a 2005 Corolla would need to recoup this.

2. Customs Clearance
Again, the cost of clearing a Corolla 2015 can be as low as N380k and as high as N450k depending on the customs agent you are using and your negotiation skills. Again, the dealer will want to recoup this and then it's on you also. Mind you, DO NOT cut corners with your car shipments with respect to paying the full duties. It's not fun driving your own legit car like you stole it and hiding from customs. With due diligence, you can buy what is within your budget.

3. Dealer's Profit
A car dealership is not a charity business and they will need to make their gain. Because of demand, it's not common to see dealers turning over profits of up to N400k on the sale of a 2005 Corolla.

4. Demand
As with everything and the simple law of economics, the higher the demand, the higher the price. It's that simple. To confirm this, do your research. Most regular cars that are not in high demand are not usually abnormally cheap for their standard or what the car offers.

So how can you get it cheaper?
- By buying your vehicles directly from Us used car auctions, at the very least, you pocket the dealer's profit. Sometimes this can run into hundreds of thousands and even up to a million depending on the make, model and year.
- Yes it is a lengthy process but with our reps and auction specialist at Auto Auction Mall, you have nothing to worry about. We'll bid on your behalf at no cost.
- We can guide you in the buying process to help you avoid incurring heavy shipping costs due to distance for example.

The Total landing cost of a run and drive, 2005 Corolla can be as low as N1.4million depending on a variety of factors. Regardless of the cost though, you're sure to at the very least save the dealer's profits. It all depends on how patient you are.

Please read below it

Visit www.autoauctionmall.com and let us help you hget your dream car at a fraction of the retail cost.

Also be wary of the many gimmicks and tricks some dishonest dealers employ in order to make a sale. Odometer fraud is the most common

aamadmin:
Also be wary of the many gimmicks and tricks some dishonest dealers employ in order to make a sale. Odometer fraud is the most common

Great tool to defeat odometer rollback:

www.nairaland.com/attachments/8549354_miltampfinal_jpegf7aef575339f6739626af575ecd5b32e

Nice!