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Total Cost Of Clearing A Vehicle In Nigeria - Autos (496) - Nairaland

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TOTAL COSTS OF CLEARING TOKUNBO VEHICLES. / Clearing A Vehicle In Lagos / Know The Total Cost Of Clearing A Vehicle In Nigeria ! (2) (3) (4)

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Re: Total Cost Of Clearing A Vehicle In Nigeria by Bolatitodavies: 9:37am On Nov 07, 2023
trim isnt a concern in dodge clearing sir, 2021 is 9.3 while 2018 is 4.8 so 2019 should be around the 5. ishhhh was lookingout for a specific figure
oliverjiad:
hmm

Please don't be curious

If I may ask what's the trim also

Jaid
Re: Total Cost Of Clearing A Vehicle In Nigeria by oliverjiad(m): 10:40am On Nov 07, 2023
Bolatitodavies:
trim isnt a concern in dodge clearing sir, 2021 is 9.3 while 2018 is 4.8 so 2019 should be around the 5. ishhhh was lookingout for a specific figure
Nope

It has about 4 to 5 trim

GR
R/T CAT
SRT
SXT

These are for challenger and other dodge also has their trims'please u need to be specific about the trim'more over having the trim can help even reduce the qoute of price sir

Jaid
Re: Total Cost Of Clearing A Vehicle In Nigeria by Bolatitodavies: 9:30pm On Nov 07, 2023
chief nigeria no clear with trim sir..... they do that with only year nd model.... no trim gwagon G500 nd G63 clearing is same...
oliverjiad:
Nope

It has about 4 to 5 trim

GR
R/T CAT
SRT
SXT

These are for challenger and other dodge also has their trims'please u need to be specific about the trim'more over having the trim can help even reduce the qoute of price sir

Jaid
Re: Total Cost Of Clearing A Vehicle In Nigeria by Bolatitodavies: 9:31pm On Nov 07, 2023
well the trim is scat pack 6.4L V8
Bolatitodavies:
chief nigeria no clear with trim sir..... they do that with only year nd model.... no trim gwagon G500 nd G63 clearing is same...
Re: Total Cost Of Clearing A Vehicle In Nigeria by oliverjiad(m): 7:03am On Nov 08, 2023
Bolatitodavies:
chief nigeria no clear with trim sir..... they do that with only year nd model.... no trim gwagon G500 nd G63 clearing is same...
okay if u say so

Jaid

1 Like

Re: Total Cost Of Clearing A Vehicle In Nigeria by oliverjiad(m): 7:06am On Nov 08, 2023
Bolatitodavies:
well the trim is scat pack 6.4L V8
okay with #6m would get it cleared

Jaid
Re: Total Cost Of Clearing A Vehicle In Nigeria by mexxy1(m): 7:39am On Nov 08, 2023
oliverjiad:
okay with #6m would get it cleared

Jaid

What was your plan when you first quoted #11million?

So, if he didn't have an idea of the rates, you intended making #5million as profit?
Re: Total Cost Of Clearing A Vehicle In Nigeria by Itsrm(m): 7:50am On Nov 08, 2023
mexxy1:


What was your plan when you first quoted #11million?

So, if he didn't have an idea of the rates, you intended making #5million as profit?

For non regular cars, don't bank on whatever quote you get here. Until you actually start the clearing, you can't say for sure how much it will cost. So 6 or 11m, none is correct.

For regular cars, they can easily give you a quote based on past experiences.

2 Likes

Re: Total Cost Of Clearing A Vehicle In Nigeria by oliverjiad(m): 8:01am On Nov 08, 2023
mexxy1:


What was your plan when you first quoted #11million?

So, if he didn't have an idea of the rates, you intended making #5million as profit?
that's why I requested for the trim because that's what the valuation officer gave initially,I'm sorry for that
Re: Total Cost Of Clearing A Vehicle In Nigeria by shams040(m): 9:28pm On Nov 09, 2023
what are the factors that determine the cost of car clearing?
Re: Total Cost Of Clearing A Vehicle In Nigeria by ojeysky(m): 9:43pm On Nov 09, 2023
shams040:
what are the factors that determine the cost of car clearing?

Year, trim and FX rate

1 Like

Re: Total Cost Of Clearing A Vehicle In Nigeria by shams040(m): 3:23am On Nov 10, 2023
ojeysky:


Year, trim and FX rate

How is FX rate affecting? are they charging in USD?
Re: Total Cost Of Clearing A Vehicle In Nigeria by oliverjiad(m): 7:27am On Nov 10, 2023
shams040:


How is FX rate affecting? are they charging in USD?
yes
Re: Total Cost Of Clearing A Vehicle In Nigeria by Itsrm(m): 7:40am On Nov 10, 2023
shams040:


How is FX rate affecting? are they charging in USD?

Customs have something they call CIF value short for Cost, Insurance and Freight. In simple terms, it's the total estimated value of a car that customs pulls from thin air. So it doesn't matter how much you actually buy it.

This CIF value is in USD and forms the basis of arriving at cost of clearing.
Re: Total Cost Of Clearing A Vehicle In Nigeria by visita: 2:33pm On Nov 10, 2023
I don’t understand. Why will Nigerian customs charge in USD when we have our own currency?
Itsrm:


Customs have something they call CIF value short for Cost, Insurance and Freight. In simple terms, it's the total estimated value of a car that customs pulls from thin air. So it doesn't matter how much you actually buy it.

This CIF value is in USD and forms the basis of arriving at cost of clearing.

2 Likes

Re: Total Cost Of Clearing A Vehicle In Nigeria by pumpkin27: 2:42pm On Nov 10, 2023
Good day,

Please how much will it cost to clear
2021/2022-Honda Accord sport 1.5
2021/ 2022-Honda Accord sport 2.0T
2018 Honda Civic
2018 VW Passat

Regards
Re: Total Cost Of Clearing A Vehicle In Nigeria by oliverjiad(m): 4:25pm On Nov 10, 2023
pumpkin27:
Good day,

Please how much will it cost to clear
2021/2022-Honda Accord sport 1.5
2021/ 2022-Honda Accord sport 2.0T
2018 Honda Civic
2018 VW Passat

Regards
evening

2021:#9.3m/2022-Honda Accord sport 1.5:#10.5m
2021:#11m/ 2022-Honda Accord sport 2.0T:#12m
2018 Honda Civic :#4.150m
2018 VW Passat :#4m

Regards

Jaid
Re: Total Cost Of Clearing A Vehicle In Nigeria by Itsrm(m): 4:36pm On Nov 10, 2023
oliverjiad:
evening

2021:#9.3m/2022-Honda Accord sport 1.5:#10.5m
2021:#11m/ 2022-Honda Accord sport 2.0T:#12m
2018 Honda Civic :#4.150m
2018 VW Passat :#4m

Regards

Jaid

So by 2031 when Tinubu will be rounding off, assuming they don't further devalue the currency, 2003 Honda EOD will cost 12m to clear cheesy

Nigerians don't know what has hit them yet. If you have a car, maintain it very well.

1 Like

Re: Total Cost Of Clearing A Vehicle In Nigeria by Itsrm(m): 4:37pm On Nov 10, 2023
visita:
I don’t understand. Why will Nigerian customs charge in USD when we have our own currency?

That's the question everyone is asking.

Most importantly, why can't they just use the actual cost of the vehicle if they must use USD. You will buy a vehicle on auction at 1,950 dollars. Customs will tell you the value is 9000 USD

2 Likes

Re: Total Cost Of Clearing A Vehicle In Nigeria by ojeysky(m): 6:18pm On Nov 10, 2023
Itsrm:


That's the question everyone is asking.

Most importantly, why can't they just use the actual cost of the vehicle if they must use USD. You will buy a vehicle on auction at 1,950 dollars. Customs will tell you the value is 9000 USD

I bought a car at 800usd, I paid 3.1m as clearing. I bought another one at 4kusd am asked to bring almost 8m for clearing. These cars were bought before the crazy rates started, otherwise I will not have even tried it. Just a decision of a single individual called Mr president resulted to premium losses to some of us. However God dey we go survive!

3 Likes 1 Share

Re: Total Cost Of Clearing A Vehicle In Nigeria by ojeysky(m): 6:30pm On Nov 10, 2023
Itsrm:


So by 2031 when Tinubu will be rounding off, assuming they don't further devalue the currency, 2003 Honda EOD will cost 12m to clear cheesy

Nigerians don't know what has hit them yet. If you have a car, maintain it very well.

Honestly we don't and it's because there are lots of japa people selling their used cars, when that itinerary get dwindled then everyone go Sabi say na heavy duty vehicle hit us in this country in the person of Tinubu. The least they could have done is to adjust the duty tariff so that the FX impact does not change the clearing cost by over 80% within 3weeks. That wasn't enough now they have introduced charges by trim....more money. It's a very insensitive govt!

2 Likes

Re: Total Cost Of Clearing A Vehicle In Nigeria by Itsrm(m): 6:59pm On Nov 10, 2023
ojeysky:


Honestly we don't and it's because there are lots of japa people selling their used cars, when that itinerary get dwindled then everyone go Sabi say na heavy duty vehicle hit us in this country in the person of Tinubu. The least they could have done is to adjust the duty tariff so that the FX impact does not change the clearing cost by over 80% within 3weeks. That wasn't enough now they have introduced charges by trim....more money. It's a very insensitive govt!

I hear they even released new rate of 783 from 770 yesterday. This will translate to an additional 50-300k on clearing costs depending on the vehicle.

1 Like

Re: Total Cost Of Clearing A Vehicle In Nigeria by oliverjiad(m): 10:27pm On Nov 10, 2023
Itsrm:


So by 2031 when Tinubu will be rounding off, assuming they don't further devalue the currency, 2003 Honda EOD will cost 12m to clear cheesy

Nigerians don't know what has hit them yet. If you have a car, maintain it very well.
shocked
Re: Total Cost Of Clearing A Vehicle In Nigeria by lyreek(m): 11:00am On Nov 11, 2023
Please How much will it cost to clear old Toyota Camry (big daddy) currently
Re: Total Cost Of Clearing A Vehicle In Nigeria by oliverjiad(m): 11:03am On Nov 11, 2023
lyreek:
Please How much will it cost to clear old Toyota Camry (big daddy) currently
with #1.9m

Regards

Jaid
Re: Total Cost Of Clearing A Vehicle In Nigeria by kaysy(m): 11:34am On Nov 11, 2023
Custom Exchange rate has been slightly Increased, if u quoted a price for a client before, please go and recalculate.

FG has finally killed car dealership business in Nigeria
Re: Total Cost Of Clearing A Vehicle In Nigeria by symbianDON(m): 4:41pm On Nov 11, 2023
oliverjiad:
with #1.9m

Regards

Jaid
o boy!!!! No be small thing o!
Re: Total Cost Of Clearing A Vehicle In Nigeria by noonejustme: 5:54pm On Nov 11, 2023
Please how much to clear 2015 Honda CR-V Touring
Re: Total Cost Of Clearing A Vehicle In Nigeria by oliverjiad(m): 7:44pm On Nov 11, 2023
symbianDON:
o boy!!!! No be small thing o!
infact by Monday it might increase
Re: Total Cost Of Clearing A Vehicle In Nigeria by oliverjiad(m): 7:46pm On Nov 11, 2023
noonejustme:
Please how much to clear 2015 Honda CR-V Touring
with #2.950m would get it cleared

Jaid
Re: Total Cost Of Clearing A Vehicle In Nigeria by symbianDON(m): 7:48pm On Nov 11, 2023
oliverjiad:
infact by Monday it might increase

only God can help Nigerians come out this! It's a huge mess honestly. It's nearly almost impossible for car dealers and clearing agents to do business. The average Nigerian can no longer afford a good tokunbo car. Na wa o!
Re: Total Cost Of Clearing A Vehicle In Nigeria by oliverjiad(m): 8:45pm On Nov 11, 2023
symbianDON:
only God can help Nigerians come out this! It's a huge mess honestly. It's nearly almost impossible for car dealers and clearing agents to do business. The average Nigerian can no longer afford a good tokunbo car. Na wa o!
many clearing agent are lifeless now because of this clueless situation we got into from the past administration till date

May God help our country and safe our industry

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N1,200,000 or Less Tokunbo Cars

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