₦airaland Forum

While owning even a used car has seemed like an unrealizable dream for many Nigerians, this is about to change following the recent developments by the Nigerian government. The government has new plans, particularly for low-income earners, as it activates the implementation of the planned 42 per cent reduction in import tariff.

According to reports, with this planned reduction in the levy, car importers would pay 35 per cent duty and 5 per cent levy (instead of 35%), amounting to a 40 per cent tariff on imported vehicles. The 30 per cent deducted from the levy represents 42 per cent of the total 70 per cent tariff. 

Reports note that this reduction in tariff is expected to also lead to a drop in the current market prices of cars. Why? As car dealers pay less on import duties, individual buyers will pay less for their favourite vehicles.

Business Day notes that when the National Automotive Policy 2013 came into effect, the tariff on imported vehicles became 35 per cent duty and 35 per cent levy, amounting to 70 per cent tariff. With the exchange rate continually increasing to the detriment of the naira, the cost of imported cars, even though used cars, continued growing until some people had to shift to buying locally used cars. This is apart from the role recession, inflation, and the shrinking purchasing power of many Nigerians played in straining the ability of Nigerians to own cars.

The result of the National Automotive Policy affected the average Nigerian who had to purchase “accident vehicles” that are cheaper to bring in and have less import duty. With the reduction in tariff, it is not sure that the importation of accident vehicles will reduce, but car importation generally will increase while acquisition becomes cheaper.

Speaking on this new development, Tony Anakebe, managing director of Gold-Link Investment Limited, told Business Day: “This would be good for low-income Nigerians who may be able to afford imported ‘Tokunbo’ cars rather than depend on Nigerian used cars. It will help grow the nation’s automobile industry and may increase the importation of new cars into the country.”

Also speaking to the publication, a man identified as Chukwu Emmanuel, a dealer at Berger Car Mart in Lagos, notes that it is cheaper to import accident cars, and the duty payable on them is also small because it comes with a rebate. He said that car dealers in Nigeria bring in accident vehicles and repair them before putting up the cars for sale.

Seyi Odutun, another Lagos-based car dealer, told the publication that importing accident cars became the delight of importers to bridge the gap created by high prices. He added that Nigerians are not buying used cars because they prefer them to new vehicles but because they are more affordable. 

He said: “The citizens need vehicles for movement of persons, goods and services. Bringing in accident cars is one of the ways importers try to recoup from the money invested due to the high exchange rate and high tariff because it is cheaper and profitable to bring in such low-quality cars, repair and sell.”

Research conducted by Business Day also highlighted that about 70 per cent of cars presently imported into Nigerian markets are accident cars, as seven out of 10 vehicles cleared at the PTML Command of the Nigeria Customs Service (NCS) have been involved in an accident.

However, following the tariff reduction plan by FG, the publication noted that while it has legal backing contained in the Finance Act 2020, its implementation is yet to take off as Nigeria Customs says it is yet to receive authorization from the Federal Ministry of Finance, its supervisory ministry, giving the Service the ‘go ahead’ to begin implementation.

Cheaper Cars for Nigerians

Following the plan for the car importation tariff reduction, here are some of the cheapest cars to purchase in Nigeria today:

Mercedes-Benz C300
With about N2 million, you can easily own a Mercedes vehicle. The Mercedes C300 is one of the most affordable Mercedes cars currently in the country. While the latest model versions of this vehicle are pretty expensive, going after models like the 2004 to 2010 models is an excellent choice if you’re worried about your budget.

The Mercedes-Benz brand is a popular one in Nigeria, and the latest models of the brand are luxury cars. The C200 is a sleek-looking car that can be gotten at an affordable price. Mercedes-Benz, often related to luxury, leads people to believe that the rich can only afford it. Still, a luxury-looking Mercedes Benz C200 can be sold for less than N2 million in Nigeria. It all depends on the model and seller.

2001 Toyota Sienna
In the list of cheapest cars to buy in Nigeria today, there’s still something for even families looking for affordable vehicles: the 2001 Toyota Sienna, which has a price range between N1 million to N1.8 million.

The Toyota Sienna is the perfect minivan that provides passengers comfort and security. It is an excellent choice for a large family as a family car. Although it does not have a sleek look, it will transport its owners to and fro for a very long time.

Toyota Camry 1996-2009
The Toyota Camry brand is one of the most popular cars on the streets of Nigeria. It has even been given many nicknames because of its popularity, easy maintenance, and fuel economy. It is also a comfortable car with in-built safety features, brakes, tires, and engines. In Nigeria, depending on the model, you can get a used, durable, and efficient Toyota Corolla for one million naira or below.

The 1996 to 2009 Toyota Camry prices in Nigeria range from N900,000 to N6 Million. You could afford to get your hands on any of these models depending on your budget. While most people might consider the 1996 model outdated, the 2004 to 2009 Toyota Corolla models are still presentable vehicles driven in Nigeria today, and the higher trim levels of some of these models come with advanced features you could still find in the latest model cars.


https://www.carmart.ng/public/blog/cheaper-cars-for-nigerians-as-dollar-crashes-to-n1000-to-naira/

BUY AND SELL CHEAP CARS NOW ONLY ON https://www.carmart.ng/

Join our WhatsApp Channel https://whatsapp.com/channel/0029Va99VGdJJhzglNCq043I

Let’s admit it; we all need a car, especially when you get to certain stages in your life, a car becomes a must-have. But you know, while we are all aware that we need one, we still haven’t made the move to get that dream car. It’s not because we don’t know how to drive really (P.S, if you don’t know how to drive, find out a list of driving schools you can explore here), the major challenge is the fact that we often can’t afford to pay for a brand new car or even a fairly used one all at once.

For a lot of people, our cash flow comes in monthly, or even if it doesn’t, it’s easier to calculate your income on a monthly basis. Well, that’s an advantage because you can easily pay for that dream car in monthly instalments; this implies not having the whole cash to pay for a car at once does not have to stop you from a car. Monthly instalment paying implies paying specific amounts over a period of months until you complete paying the entire cost of the car.

In today’s article, we bring you a guide on buying a car and making payments in monthly instalments in Nigeria.

Where To Get a Car for Monthly Instalment Option
You can’t always get an option to pay in monthly instalments everywhere. Broadly speaking, two major sources that can offer monthly instalment options are:

Get Financing from your car dealer
Some car dealers afford you the option to pay in monthly instalments. This means they become the lender while you become the borrower. In this instance, they offer you a payment plan such that you don’t have to pay for the car immediately, but depending on the cost of the car, the total cost is spread through the months (maybe 20-52 months), till the selling price is paid with interest.

In this case, until you pay in full for the car, even though you flex around with the car, you don’t have total ownership or right to the car.

Lend Directly
When you lend directly, then the car dealers are not the ones offering financial aid, but rather you source for the cash, using a car loan from other places e.g. banks, cooperative societies, etc. Hence, you enter into a financial agreement with the car loan source on how you will pay the money in full with interest.

Factors That Affect Your Monthly Installment Payment/Plan

Down Payment
Down payment is the amount of money you pay out-rightly that covers part of the cost of the car and signifies your commitment to fully purchase the car. The downpayment can represent any per cent of the overall cost of the car, it depends on the agreement between you and the lender.

For instance, if you are buying a brand new Honda Clarity which costs about #12 million if the down payment is 20%, then you are paying #2.4 million upfront. This means you are left with 9.6 million to complete the payment.

Now, the more the amount you pay as a down payment, the lesser the amount of money you have to pay as monthly instalments and vice versa.

https://www.carmart.ng/public/blog/buy-car-and-pay-installmentally/

Read your daily Auto Tips in Nigeria tongue only on https://www.carmart.ng/public/blog/

Join our WhatsApp Channel https://whatsapp.com/channel/0029Va99VGdJJhzglNCq043I

Brake failure is the most common car accident that has led to many deaths. There’s nothing fun about brake failure in your car while driving. It’s one of the most dangerous occurrences any driver could experience. It leads to loss of life and injuries.

However, it’s important to prepare one’s mind against some of the car occurrences that could arise at random. Here’s what you should do instead if you find yourself in a situation where your car has no brakes.

Don’t Panic when Your Brake Fails
The first step in any emergency is not to panic. Experts recommend you try your brakes again to check if they haven’t gone out. If this doesn’t work, you must carefully engage the emergency brake.

Another method you can try is to downshift into another gear. In a manual vehicle, you do this by working your way through the gears. If you have an automatic vehicle, taking your foot off the accelerator will do the trick.

While going through these steps, try to get off the road. In most movies, it seems like the hero chooses the busiest streets to keep moving. It would be best to do the opposite by getting completely off the road. However, this may not always be possible. If you are in a situation where you can’t get off the road, try hitting a barrier. Your car will most likely be totalled, but you’ll live to buy another one.

Once you start to slow down, it might make sense to turn the car off. Don’t do this. You need to keep your car running until you’ve come to a complete stop. Turning off the vehicle also reduces power steering, which means losing control over where you’re headed.

Don’t try to drive it again once you’re out of the vehicle safely. Have it taken to a mechanic who can find and fix the problem.

Know Your Car Brakes
While many of us aren’t car experts, there are a few things that are just a good idea to know. According to experts, one of them is what brakes you have. So, how do you know what brakes you have without pulling out your car manual?

Look for a logo that lights up with ABS when you turn up your car. If you see this, you have anti-lock brakes. Otherwise, you have regular breaks.

So, why does this matter, exactly? If you have regular brakes instead of anti-lock brakes, you need to pump the brake pedal fast after you downshift to a lower gear. This will help build up the brake fluid.

https://www.carmart.ng/public/blog/how-to-quickly-stop-your-car-when-the-brake-fails/


Read your daily Auto Tips in Nigeria tongue only on https://www.carmart.ng/public/blog/

Join our WhatsApp Channel https://whatsapp.com/channel/0029Va99VGdJJhzglNCq043I

If you’re considering whether to buy the iPhone 15 Pro Max or invest in a more profitable venture, like purchasing a car, it’s crucial to first comprehend the true expense of the iPhone 15 Pro Max and thoughtfully evaluate your alternatives. Don’t rush into a decision without careful consideration.

If you’re considering whether to buy the iPhone 15 Pro Max or invest in a more profitable venture, like purchasing a car, it’s crucial to first comprehend the true expense of the iPhone 15 Pro Max and thoughtfully evaluate your alternatives. Don’t rush into a decision without careful consideration.

iPhone 15 Pro Max prices in Nigeria
The cost of the new iPhone 15 models varies depending on their storage capacity and additional features. Other factors that contribute to the cost include shipping fees, taxes, exchange rates, and import duties. These variables may cause the advertised prices of the phones by Apple to fluctuate.

iPhone 15 prices: starting from about ₦900,000
iPhone 15 Plus prices: starting from ₦1,100,000
iPhone 15 Pro prices: starting from ₦1,300,000
iPhone 15 Pro Max prices: starting from ₦1,500,000

What kind of Cars can the iPhone 15 Pro Max price buy in Nigeria
Based on the price of an iPhone 15 Pro Max which is between ₦900,000 to ₦1,500,000, you are looking at budget-friendly options for cars in Nigeria. In this price range, you can typically find used or older models of various makes and models.

With further ado, here is a list of cars that are below or equal to the one-million-naira budget.

1. Golf 3 – Starting at 850,000
2. 2004 Peugeot 206 – Starting at 860,000
3. Nissan Xterra 2002 – Starting at 1,000,000
4. 2001 Toyota Camry – Starting at 900,000
6. 2001 Toyota Sienna – Starting at 1,050,000
7. 2004 Nissan X Trail – Starting at 700,000
10. 2003 Toyota Corolla – Starting at 1,200,000

Since its launch in 2019, Carmart.ng has been dedicated to facilitating seamless car sales and purchases in Nigeria, without charging any commission or rewards. Our website has always been accessible to all users, free of charge. However, in early 2023, due to financial constraints that hindered our ability to maintain the website and support our staff, we reluctantly made the decision to transition into a fully paid ad service.

During the initial months of this transition, some dealers chose to continue utilizing our platform, while others decided to discontinue due to the costs associated with posting ads. Recognizing the challenges we faced, our team management made several strategic decisions and sought assistance from internal sources to find a solution.

We are delighted to announce that, with the valuable support we received from our internal resources, https://carmart.ng/ is now fully restored, and we are reintroducing our free ad listing services. This means you can once again sell your cars on our platform without incurring any charges for the listing. In fact, we have enhanced our offerings, allowing you to list and sell up to 20 times more cars at no cost.

https://carmart.ng/ has gained remarkable popularity since its inception and has become the most visited car platform in Nigeria, attracting over 1 million monthly visitors. We are committed to maintaining our position and continuing to set new records by making the buying and selling of cars in Nigeria even easier and faster, all while keeping it completely free and without any commission.

We understand the importance of providing a user-friendly experience, and our team is dedicated to continuously improving our services. By reinstating our free ad listings, we aim to empower individuals and businesses across Nigeria to engage in car transactions without any financial burden. Our goal is to create a vibrant marketplace where car enthusiasts can connect, buy, and sell with utmost convenience.

We appreciate your unwavering support throughout our journey, and we are excited to have you back on board with Carmart.ng. Join us as we redefine the car sales landscape in Nigeria, providing a platform that is transparent, efficient, and accessible to all.

Where and How to Buy and Sell a Cars on Carmart.ng

Nevertheless, it’s easy for anyone to know how to buy or sell cars on Carmart Nigeria. The platform is ranked as one of the top best in terms of quality and reliability in the sales of used cars to customers. In fact, most cars here are very affordable and easy to buy and sell.

Want to buy a car? Or you wish to sell your used car? At Carmart Nigeria, you’ll find thousands of top most ranked cars you can find anywhere in the world. Perhaps you have been using that car for some time now and wish to sell it off, Carmart Nigeria is the best platform to help you out. What is required is just to read through the steps contained in this article.

At first, you need to visit Carmart official website. The site is very accessible from anywhere you are located in Nigeria. Selling your car via our website is never a problem; as you’ll have to go through three simple stages:

The best thing about Carmart Nigeria is the fact that their website opens very fast even on a slow network. No room for complaints about slow loading once you intend to sell a car on Carmart.ng.

Log into the Website

This the probably the simplest step in trying to sell a car on carmart.ng. You will notice that it is better you type out the URL (https://carmart.ng) onto a Chrome browser and click on it directly.

The reason is that there are many copycats out there that are copying this best website to buy and sell a car in Nigeria.

Once you visit the website, look at the next step to follow.

Log in or Register
If you are a new user on the website (i.e. if it is your first time of using the website, then you have to register on the platform. The reason for registering is the make sure that your details can’t be accessed by anybody else who uses the platform.


Registration just takes a simple step of putting the following;

Name
Email
Password
Phone Number
After registering, you will be asked to confirm your email, to show that you aren’t just a robot or a scammer.

Once you have registered and verified your email, the rest becomes very simple for you. Just look at the next step to take.

Click on the Sell Button
This is one of the final steps to buy and sell a car on Carmart Nigeria. Once you click the “SELL” button, a form box pops up, which will guide you on how to upload your adverts.

You will be asked to fill in several forms that contain a lot of the following;

Car Name
A clear image of the car
How much you are selling
A phone number
These are what you will insert while uploading your car on the Carmart Nigeria platform. It is as simple as it could get.

The reason why we made the platform simple is to make sure that anybody can easily access the site and get started immediately. You selling your car fast is our priority, and we have a lot of buyers waiting for you to post your car for them to buy.

Start Selling and Receiving Calls from Buyers
What makes Carmart Nigeria very unique is that we have lots of buyers than sellers. This means that we sell hundreds of cars every day.

Also, we don’t collect a commission for any car you sell on the platform. So even if you sell your car for 10 million Naira, you are collecting all the money for yourself.

No need to pay a commission to anybody, just sell your car and make your profit all by yourself.

Popular Questions and Answers about Selling a Car on Carmart.ng
These are the popular questions that people ask while trying to sell their cars at the carmart.ng platform. I will give answers to all of them right here;

How much do I Pay to Sell a Car on Carmart.ng?
To sell a car on Carmart.ng, you don’t need to pay any amount of money. Unlike other websites that charge you a certain percentage to advertise your car on their platform, you don’t pay on Carmart Nigeria. It is 100% FREE all over the website with no hidden charges.

How often do Buyers visit the Website to Buy Cars?
Within a few years of launch, we have outsold other competitors in the market. We currently sell more than 100 cars on the platform every single day.

Our sellers keep uploading cars every day and getting it sold FAST!!!! So if you intend to sell off your car very fast, then register on Carmart.ng and start selling.

Can I purchase a Premium Service to sell my Cars Faster?

The answer is YES.

We have a premium service for our sellers who intend to go higher and sell their cars faster. Our premium service is one of the cheapest in Nigeria currently.

We have several packages like;

Pay Per Click
Weekly Subscription
Monthly Subscription
Top Rated Advert
The fact is that they are very cheap and easily affordable. Purchasing a premium advert slot makes you go higher and have access to buyers faster than others who are free subscribers.

That doesn’t mean that other FREE subscribers don’t sell – They all do.

How long will my ad remain on the website?
In general, an ad is automatically deactivated from the website after 3 months. You will receive an email a week before D-Day and another on the day of deactivation. You have the ability to put them online in the following month by logging into your account on the site. After this delay, your ad will be automatically removed permanently from the website.

I sold my item. How do I delete my ad?
Once your product is sold or leased, log in to your account to remove your ad.

How to Buy a Car on Carmart Nigeria
Perhaps you wish to buy a particular brand of used car and not sure of a reliable website to visit? Knowing how to buy and sell a car on Carmart Nigeria is a safe decision as it is your one-stop shop to visit. This is obviously where you can purchase cars at a very reasonable price, even at a sound condition. All you have to do is to visit the website and see the fantastic collection of top-rated vehicles available in the market.


The website is very easy to navigate. Just type in the car type and model you want to buy in the search box. As you type in the keywords, ensure they are accurate in such a way that they describe the said model of car. This will help you get the exact car you are looking for.

Optionally, you can use the filters on our website to make your search very easy and fast.

Immediately you find the car you want to buy, the next is to go through the three steps involved in buying your choice car from Carmart Nigeria.

Here are the steps;

1). Contact the Seller –

Every car that is advertised for sale on our website has an attached phone number and name of the seller. Search for the phone number and arrange with the seller on how and when to do the transaction. All cars in the collection of Carmart Nigeria have been duly inspected and are pegged at very affordable prices.

2). Read the Inspection –
As a buyer, you have the access to read a detailed inspection report of a car’s condition. This is believed to offer the buyer a guide to making a well -informed decision. Also, if you wish, you can come along with your auto engineer to help you ascertain the true condition of the car you want to purchase.

3). Make Payment –
Carmart Nigeria has an easy payment method which accommodates the convenience of every class of buyer. You can make payment through bank deposit or through a bank transfer, after which you will sign some vital documents and then claim your car.

Remember to thoroughly check the condition of the car you want to buy. You can stop the buying process if the condition of the said car does not meet your expectations.

Why Choose Carmart Nigeria to Buy and Sell a Car
This car shop is recognized as a reliable place to buy and sell used vehicles. Right from its date of establishment, the company has vehemently maintained its values and mission to show transparency in its transactions with customers. This is the reason why you need to carefully study the tips on how to buy and sell a car in Carmart Nigeria.

You can trust the process on this platform as it is very fast, safe, and easy for every buyer or seller. Every seller is assured of getting paid without any delay, and immediately inspection is concluded.

Well, it will be reiterated that knowing how to buy and sell a car in Carmart Nigeria is very easy, safe, and fast. This means that if you tell us your budget, we will help you find the right car. So, prices on Carmart Nigeria accommodate dealers and end-users alike, as they can have access to a wide variety of properly verified cars.


Sponsored Post

Got a New Ride and took it to Billionaire @obi_cubana The Great Man for his Blessings Cuz I also have this dream of becoming a Billionaire Congratulations Ola of lagos A big Shoutout to @mufasatundeednut the king maker God bless you father thanks for the endless support father….i can’t appreciate you enough…It is only God that can Big shout to Ola of lagos fans I really appreciate y’all too…Respect

Fire service almost there. Clearly bus burst into flames on Third Mainland Bridge inwards Island, shortly after the Oworonshoki end.
Traffic is building.
Take alternatives if you have