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Hello Everyone,

I work as an auditor in a Multinational and I sell foreign used cars as a side business. This post is motivated by the need to scale up and meet demand for my side business of selling foreign used cars through an arrangement with 4 investors in the first phase of expansion. This arrangement would offer a window for the first phase of 4 investors to put their idle cash to a better use and earn significant returns on their investment.

I have been in the business of selling foreign used cars for roughly 2 years and have closed a substantial number of deals within this period at profit margins that have far exceeded my expectations considering that I have tried various investment options in the past ranging from money market funds, fixed deposits, forex trading, hire purchase arrangements etc.

At this stage, with the profit margin that is guaranteed to accrue to the investors, it is needless saying that the bulk of the pie goes to these investors while my take home is an immaterial and intangible portion of the pie.

Background
——————
Just like several others, I have had challenges in the past with where to put in idle cash. You would agree with me that it is no longer news that interest rate have plummeted across Nigeria and the world over. At this time, money market funds are in the region of 5% per annum which is even considered marginally higher than the interest rate on traditional saving accounts.

According to the last National Bureau of Statistics data, inflation rate is put at 12.34% which means that the interest earned on money market funds and traditional savings are aggressively being eroded by the high inflation rate. With these, it is evident that it is no longer rational from an economic standpoint to hold funds in these arrangements. The real sector offers a far better alternative. In the past, aside savings and money market funds, I have also ventured into hire-purchase and forex trading arrangement that both ended in premium tears.

Drawing from my experience of closed car deals, I can confidently say that my business of selling foreign used cars have been consistently profitable with an even low risk.

Business model
————————
I have been largely successful in sourcing for good deals for used cars in North America/Europe through a network of dedicated suppliers and selling for a decent profit within a reasonable time frame.

The cars purchased usually requires fixes that are done by my team of experts. At the end, the car is put in premium condition and then I sell for slightly below market price. Slightly below market price, because I am not a regular car dealer that slams abnormal profits on cars. I aim for a decent amount and once this is realized I move on quickly to the next deal.

With this structure, it takes 2 months on the average for the car to arrive Lagos, Nigeria and another 2 months to fix and sell. That’s 4 months for a cycle to be complete.

Benefits to Potential Investors
——————————————
As previously mentioned, this post is motivated by the need to meet demand and ultimately scale up the business. For the investors, it offers an opportunity to be part of the business while earning an unparalleled return on capital employed.

To achieve this objective in Phase 1 would require 4 partners to invest a fixed sum of ₦1.6 million each with a guaranteed Return On Investment of 12.5% at the end of each cycle (4 months). A contract would be drawn to that effect to spell out all the modalities.

I have attached a sample of deals that I have successfully closed out.

Please feel free to reach out on 08180460155 if you have questions, require further clarifications and would like to run background checks.

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Hello Everyone,

I work as an auditor in a Multinational and I sell foreign used cars as a side business. This post is motivated by the need to scale up and meet demand for my side business of selling foreign used cars through an arrangement with 4 investors in the first phase of expansion. This arrangement would offer a window for the first phase of 4 investors to put their idle cash to a better use and earn significant returns on their investment.

I have been in the business of selling foreign used cars for roughly 2 years and have closed a substantial number of deals within this period at profit margins that have far exceeded my expectations considering that I have tried various investment options in the past ranging from money market funds, fixed deposits, forex trading, hire purchase arrangements etc.

At this stage, with the profit margin that is guaranteed to accrue to the investors, it is needless saying that the bulk of the pie goes to these investors while my take home is an immaterial and intangible portion of the pie.

Background
——————
Just like several others, I have had challenges in the past with where to put in idle cash. You would agree with me that it is no longer news that interest rate have plummeted across Nigeria and the world over. At this time, money market funds are in the region of 5% per annum which is even considered marginally higher than the interest rate on traditional saving accounts.

According to the last National Bureau of Statistics data, inflation rate is put at 12.34% which means that the interest earned on money market funds and traditional savings are aggressively being eroded by the high inflation rate. With these, it is evident that it is no longer rational from an economic standpoint to hold funds in these arrangements. The real sector offers a far better alternative. In the past, aside savings and money market funds, I have also ventured into hire-purchase and forex trading arrangement that both ended in premium tears.

Drawing from my experience of closed car deals, I can confidently say that my business of selling foreign used cars have been consistently profitable with an even low risk.

Business model
————————
I have been largely successful in sourcing for good deals for used cars in North America/Europe through a network of dedicated suppliers and selling for a decent profit within a reasonable time frame.

The cars purchased usually requires fixes that are done by my team of experts. At the end, the car is put in premium condition and then I sell for slightly below market price. Slightly below market price, because I am not a regular car dealer that slams abnormal profits on cars. I aim for a decent amount and once this is realized I move on quickly to the next deal.

With this structure, it takes 2 months on the average for the car to arrive Lagos, Nigeria and another 2 months to fix and sell. That’s 4 months for a cycle to be complete.

Benefits to Potential Investors
——————————————
As previously mentioned, this post is motivated by the need to meet demand and ultimately scale up the business. For the investors, it offers an opportunity to be part of the business while earning an unparalleled return on capital employed.

To achieve this objective in Phase 1 would require 4 partners to invest a fixed sum of ₦1.6 million each with a guaranteed Return On Investment of 12.5% at the end of each cycle (4 months). A contract would be drawn to that effect to spell out all the modalities.

I have attached a sample of deals that I have successfully closed out.

Please feel free to reach out on 08180460155 if you have questions, require further clarifications and would like to run background checks.

promotervickky:
Op, How far how you gone? How did it went

We eventually sorted it but had to part with cash

Hello people

Good evening. On my home around past 9 today, I was stopped by policemen at Ajah, Lagos and after much arguments my car was impounded and taken to the police station on the basis that I broke the law that says curfew starts at 8pm. All my explanation fell on deaf ears. I agree I am not meant to be out at that time but I had to go pick up something urgently.

Please how do I get my car out? Any suggestion would be greatly appreciated.

I would also welcome further suggestions

flejnr2:
Simple , go to the station and meet the ipo that is in charge of the patrol and negotiate price for your car. Carry around 20_40k for a fruitful bargain, and carry a hidden camera so we can bring him down and your money given back to you later by force headquarters after the video would have gone viral .

Good point. Thank you for your suggestion.

Hello people

Good evening. On my home around past 9 today, I was stopped by policemen at Ajah, Lagos and after much arguments my car was impounded and taken to the police station on the basis that I broke the law that says curfew starts at 8pm. All my explanation fell on deaf ears. I agree I am not meant to be out at that time but I had to go pick up something urgently.

Please how do I get my car out? Any suggestion would be greatly appreciated.

Hello Everyone,

Please save a soul.

Miss Orowo Ogbodu misplaced her documents(all originals) on her way from Victoria Island to Ajah. The documents is in a brown folder with her name boldly written on it. The folder contains NYSC discharge, WAEC, Birth and B.sc certificates.

Please anyone with useful information should get in touch via 08141513121.

God bless you as you do so.

MODs please help push to FrontPage. Somebody's future is on the line.

Hi Modulus,
Please send me a mail via brianokere@yahoo.com. I would deeply appreciate.

Nice one.

APC and their yahoo yahoo methods.

We have been shouting about Halliburton and Aisha Buhari for more than two years. No response from the Aisha Buhari we know.

Then yesterday a story suddenly shows up in the New York Times from 2007 with the picture of a new Aisha Buhari...read the story and see if it even makes sense....very disjointed and merry go roundish...obviously planted just to tell some story of an Aisha Buhari...these people will go to any length...honestly.

Today a passport shows up everywhere with the new Aisha Buhari, who coincidentally was born in Daura...

But the fraudsters failed to hide the fact that the said passport was issued in Washington in. 2012.

Meanwhile the said Aisha Buhari was indicted in 2005 and is wanted...

So the question we are asking is simple, if she was indicted in 2005, why was she still roaming freely on US soil in 2012?

And why is the Aisha Buhari we know absolutely reluctant to visit the US?






















When we branded APC lying liers they called us names. This is photoshop gone wrong. Abeg who does international passport without EARS?

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yusaze:
That's Flavour's daughter with ex-beauty queen, Sandra Okagbue. His daughter with Anna Ebiere is his second child.

http://www.9janewsarena.com/2016/02/flavour-pictured-with-his-first-daughter-photo.html

he actually wantd ds pic on social media...mission accomplishd ...#next

yusaze2007:
So,Iyanya decided to crush hearts by sharing this sexy photo early this morning? It's ok! Thank me later for bringing it here..

https://www.instagram.com/p/BBY3I6uIOBe/?taken-by=iyanya

I don't no if ds dude has got notin else 2 flaunt save his physique