JavaScript90:
In the process of over taxing importers Nigeria has made Benin republic ports the choice destination of goods and shipping companies in west Africa. Most of our business men prefer to import through Benin republic and smuggle into Nigeria, during which Nigeria loses revenues that should have accrued to her.

Nigerian government doesn't have business sense. Turn over matters in many businesses. Instead of charging 1m per car for hundred cars why not charge 500k for a thousand cars. If Nigerian lowers her import tariffs on cars and make it more competitive than Benin republic, Nigeria will make more money because most people will prefer to import through Nigerian ports.
Hello, I am a fullstack web developer. I develop all types of website. I major in developing complex custom website for businesses and startups. If you have an idea and need a competent programmer to translate your idea into codes, I am the right man for the job. I also have an already made real estate script for sale. Click my username to see my WhatsApp number on my profile.

CelestineNelson:
On top secondhand car ...Na im news long like this? Haba...

Kobicove:

Lovenorth:
It is a global thing, just get money

CelestineNelson:
On top secondhand car ...Na im news long like this? Haba...

Scottz:
Lagos mainland

YourFavorite21:
Na person wey chop belleful, and then pay children school fees, dey think of car now. It is well.

somebody02:
Someone I know bought a 9ja used CRV-2005 model in 2018 for 800k, well maintained and kept clean, now he's reselling for 1.3M.
My ish is, something of such should be a depreciating asset, but you'd know the country is bleeped when depreciating asset is appreciating.

By: James Fossdyke

UK second-hand car values are growing at record rates in 2021, according to data from online used car marketplace Auto Trader. Using the roughly 400,000 vehicles advertised on the site as a guide, the company estimates average prices were up 12.6 percent year-on-year during the week commencing July 12.

According to Auto Trader, that means prices have risen for 63 consecutive weeks, and price rises are accelerating. During the week commencing April 12, prices rose by what Auto Trader called “a comparatively conservative” 5.7 percent.

The company claims this is due to an increase in demand among consumers following the outbreak of the coronavirus pandemic. Auto Trader says it saw 14.7 million customers visit the site during the second full week of this month, up by almost a quarter (24 percent) compared with the same week in 2019, the summer before the pandemic arrived.

Why the used-car market is sending American inflation soaring
Blame stimulus cheques, a shortage of new vehicles and rising demand for rental cars
https://www.economist.com/graphic-detail/2021/06/15/why-the-used-car-market-is-sending-american-inflation-soaring

You thought the price of wood was nuts? Just check out what’s going on at car dealerships. After cooling off a bit from a surge last year, the cost of used vehicles suddenly shot up 10 percent in April alone, according to the Bureau of Labor Statistics’ official inflation report on Wednesday. The sudden acceleration was the largest one-month increase in the category since the government began tracking the Consumer Price Index in 1953.
https://slate.com/business/2021/05/used-car-prices-shortage-supply-chain-semiconductors.html

Charly68:
So sad that Buhari has forced me to buy locally used vehicle instead of Tokunbo...I have been spending on its repairs since to turn it back to tokunbo shape.. so sad that tbis Govt took us from top to bottom..

Lovenorth:
It is a global thing, just get money

JavaScript90:
In the process of over taxing importers Nigeria has made Benin republic ports the choice destination of goods and shipping companies in west Africa. Most of our business men prefer to import through Benin republic and smuggle into Nigeria, during which Nigeria loses revenues that should have accrued to her.

Nigerian government doesn't have business sense. Turn over matters in many businesses. Instead of charging 1m per car for hundred cars why not charge 500k for a thousand cars. If Nigerian lowers her import tariffs on cars and make it more competitive than Benin republic, Nigeria will make more money because most people will prefer to import through Nigerian ports.
Hello, I am a fullstack web developer. I develop all types of website. I major in developing complex custom website for businesses and startups. If you have an idea and need a competent programmer to translate your idea into codes, I am the right man for the job. I also have an already made real estate script for sale. Click my username to see my WhatsApp number on my profile.

somebody02:
Someone I know bought a 9ja used CRV-2005 model in 2018 for 800k, well maintained and kept clean, now he's reselling for 1.3M.
My ish is, something of such should be a depreciating asset, but you'd know the country is bleeped when depreciating asset is appreciating.

wallrichy:
Your statement is touching...

debaj10:
in short,
use your Legedese Benz
dis Christmas eh?
hmm...



https://guardian.ng/news/used-vehicle-prices-soar-over-freight-clearing-charges-fx/

gazzuzz, how e go be?

googlepikins:
This old man call Buhari is god sent, after him we need Tinubu to take over

Odinaka00:
It’s in Nigeria you see a 2009 Toyota Corolla being sold at 2million naira which is about 70k in rands. 70k rands will buy you 2015 Toyota Corolla tokunbo here in SA. Government needs to do something about this please. Nigerians are really suffering honestly, this ain’t fair. We don’t really deserve this

BigDawsNet:
Welcome to Nigeria! A country you purchase a 2000 model sedan for $2800...used car for that marrar...

I pray things get better
Remember 2000-2005 cars are now 15-21 years ago from production year...

We pray for system where an average Nigerian can get a 2019-2020 SUv or sedan on mortgage and they pay monthly comfortably

ophilly:

Wrong, it's not a global thing, read again, especially the first unbolded paragraph that starts with 'Comparatively...' Being an apologist of the regime and northern bigot should not becloud your reasoning.

Blankstare:



Terrible! Can one imports cars from SA?

Odinaka00:


It’s very possible, many Nigerians are into car business here

debaj10:
in short,
use your Legedese Benz
dis Christmas eh?
hmm...



https://guardian.ng/news/used-vehicle-prices-soar-over-freight-clearing-charges-fx/

gazzuzz, how e go be?

humilitypays:
whoever wrote this report is a drunkard.


Lexus 350 doesn't have 2006 model. Lexus 350 started in 2007, 330 stopped 2006.


Lexus 330 2005 tokunbo sold for 1.9million in the past, which past please


Lexus 330 2005 model tokunbo was never below 3million. And the current tokunbo price now is 4million to 4.7million while 2006 is between 4million to 5million.

JavaScript90:
In the process of over taxing importers Nigeria has made Benin republic ports the choice destination of goods and shipping companies in west Africa. Most of our business men prefer to import through Benin republic and smuggle into Nigeria, during which Nigeria loses revenues that should have accrued to her.

Nigerian government doesn't have business sense. Turn over matters in many businesses. Instead of charging 1m per car for hundred cars why not charge 500k for a thousand cars. If Nigerian lowers her import tariffs on cars and make it more competitive than Benin republic, Nigeria will make more money because most people will prefer to import through Nigerian ports.
Hello, I am a fullstack web developer. I develop all types of website. I major in developing complex custom website for businesses and startups. If you have an idea and need a competent programmer to translate your idea into codes, I am the right man for the job. I also have an already made real estate script for sale. Click my username to see my WhatsApp number on my profile.