₦airaland Forum

kingbee90:
Tinubu's subsidy removal, custom tarrif increase and high cost of living caused by his policies has really made the cost of everything to go up.
Before 2023 elections, those SUVs were N15-17M.

It's not the fault of car dealers.

atobs4real:
It's business. Since you have solution to your problems why complaining?

Brendaniel:
Sometimes i don't blame the dealers, think about this:

Average dollar rates under presidents since 1999

OBJ - 100$ = 11,000 naira

GEJ - 100$ = 21,000 naira

BAT - 100$ = 150,000 naira

Now do the maths untop of this car with the value in dollar and the profit he has to make to sustain himself and his family and also keep the business afloat, so if he was making say 500$ per vehicle before, he should cut it down and become poorer and scatter his business because some people chose to support nonsense leaders into office, He should blame Tinubu first before blaming the dealers.

bcomputer101:
Will you please keep quiet?
So, na Tinubu subsidy removal cause increase of the price of SUV?

I hope you won't blame Tinubu for inability to impregnate your wife?

Chilipepper:
A Nigerian man has shared an eye-opening experience about just how much local auto dealers mark up car prices.

According to him, his friend recently bought an SUV that usually goes for ₦55–₦60 million in the Nigerian market. But instead of paying that, he decided to handle everything himself — buying abroad, shipping, and clearing the car.

When it finally landed at his doorstep, the total cost was about ₦43 million.

He couldn’t help but ask:

“Dear Nigerian auto dealers, why is the mark up that huge? I’m genuinely curious.”

Chilipepper:
A Nigerian man has shared an eye-opening experience about just how much local auto dealers mark up car prices.

According to him, his friend recently bought an SUV that usually goes for ₦55–₦60 million in the Nigerian market. But instead of paying that, he decided to handle everything himself — buying abroad, shipping, and clearing the car.

When it finally landed at his doorstep, the total cost was about ₦43 million.

He couldn’t help but ask:

“Dear Nigerian auto dealers, why is the mark up that huge? I’m genuinely curious.”

Brendaniel:
Sometimes i don't blame the dealers, think about this:

Average dollar rates under presidents since 1999

OBJ - 100$ = 11,000 naira

GEJ - 100$ = 21,000 naira

BAT - 100$ = 150,000 naira

Now do the maths untop of this car with the value in dollar and the profit he has to make to sustain himself and his family and also keep the business afloat, so if he was making say 500$ per vehicle before, he should cut it down and become poorer and scatter his business because some people chose to support nonsense leaders into office, He should blame Tinubu first before blaming the dealers.

bcomputer101:
Will you please keep quiet?
So, na Tinubu subsidy removal cause increase of the price of SUV?

I hope you won't blame Tinubu for inability to impregnate your wife?

Chilipepper:
A Nigerian man has shared an eye-opening experience about just how much local auto dealers mark up car prices.

According to him, his friend recently bought an SUV that usually goes for ₦55–₦60 million in the Nigerian market. But instead of paying that, he decided to handle everything himself — buying abroad, shipping, and clearing the car.

When it finally landed at his doorstep, the total cost was about ₦43 million.

He couldn’t help but ask:

“Dear Nigerian auto dealers, why is the mark up that huge? I’m genuinely curious.”

Satazaa:
making money to feed their families shouldn't make them exploitative and cheating, is 1M profit margin not enough?

Creamypie:
go and find out how much they pay for clearing alone. Corolla 2005 b4 APC was 150k. Then sold for 1.4 million. Now clearance alone Costs 3m and above, not to talk of shipping and other dues. That car now sells for approx 8 million. Thats not to say I support the increments

Chilipepper:
A Nigerian man has shared an eye-opening experience about just how much local auto dealers mark up car prices.

According to him, his friend recently bought an SUV that usually goes for ₦55–₦60 million in the Nigerian market. But instead of paying that, he decided to handle everything himself — buying abroad, shipping, and clearing the car.

When it finally landed at his doorstep, the total cost was about ₦43 million.

He couldn’t help but ask:

“Dear Nigerian auto dealers, why is the mark up that huge? I’m genuinely curious.”

heybeebugatty:
There are a lot of cleaning agents that can help you out.. we have some on nairaland if you carefully search, and also in Lagos.

They will give you two options for custom duty ( full or compromise duty).

Brendaniel:
Sometimes i don't blame the dealers, think about this:

Average dollar rates under presidents since 1999

OBJ - 100$ = 11,000 naira

GEJ - 100$ = 21,000 naira

BAT - 100$ = 150,000 naira
Keep this record, we will still need it from you when Tinubu completes his tenure in 2031. There was subsidy in Obasanjo and Good luck. There is no subsidy payment now. Your governors were always unable to pay salary of workers on time, but I can't remember when last you heard of workers going on strike for your governor unable to pay. Under Obasanjo and Good luck, we were leaving fake lives, but now we are back and crawling to our original life. You have no choice but to support Tinubu till 2031 unless you want to la our in vain again like in 2023

Now do the maths untop of this car with the value in dollar and the profit he has to make to sustain himself and his family and also keep the business afloat, so if he was making say 500$ per vehicle before, he should cut it down and become poorer and scatter his business because some people chose to support nonsense leaders into office, He should blame Tinubu first before blaming the dealers.

AmazingELixir:
The man is telling you the very high profit margin charged by auto dealers after importing individually factoring total cost both purchase price abroad and clearance at present rate and you there computing when Tinubu is in government and when he wasn't.

That's why una dey fail exams anyhow.

Dianna344:
na were you be so after gej na bat

Brendaniel:
Sometimes i don't blame the dealers, think about this:

Average dollar rates under presidents since 1999

OBJ - 100$ = 11,000 naira

GEJ - 100$ = 21,000 naira

BAT - 100$ = 150,000 naira

Now do the maths untop of this car with the value in dollar and the profit he has to make to sustain himself and his family and also keep the business afloat, so if he was making say 500$ per vehicle before, he should cut it down and become poorer and scatter his business because some people chose to support nonsense leaders into office, He should blame Tinubu first before blaming the dealers.

nurudeen181:
And you think this is the solution to the problem caused by some people who support nonsense leaders. Well we cant have thesame choice and we cant have thesame preference at all time, nonsense leaders will always come to power

Firebox123:
will car dealer not gain or make their money again

They have family too feed at home too

Satazaa:
making money to feed their families shouldn't make them exploitative and cheating, is 1M profit margin not enough?