₦airaland Forum

Justina9:
You can read but to comprehend?

You are referring to yourself....

One million profit for investment of over 40m ?

How do you pay for car stand security maintenance
Of the car ?

Brendaniel:
Reason why the country needs to divide....

And it hasn't, no hope for a time it will be divided

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

They have family too feed at home too

Nigerian marketers are wicked and you are justifying their wickedness.

Even in the US Car prices very widely based on various conditions, like mileage, usage, place of purchase etc...

The only issue is when the actual car condition and price doesn't match the market value or even sentimental value.

nurudeen181:
And it hasn't, no hope for a time it will be divided

Let's just be hopeful

Banjotobisamson:
Nah online you dey , you don hear car use 1 year before sold out, you don hear ship catch fire before? You don hear custom increase duty before ? , you don see what I ordered vs what I got? If e don reach your turn endeavor to run your business how it pleases you, for una mind car dealer dey enjoy, sell your papa house make you use am do the business and after 3 months of making sales you buy another house coz e be like you know the business well well

Oga which ship catch fire? Na petrol you dey import or car. Those cars/ cargos are insured . If you ordered something and did not get it that's because you ventured into a business you don't know. Anything I ordered I get exactly that oga. If custom duty is increased then increase price of car or stop the business altogether if you can't cope. I still import cars strictly on pre order and I don't have any complaints.

Skj13777:
Oga which ship catch fire? Na petrol you dey import or car. Those cars/ cargos are insured . If you ordered something and did not get it that's because you ventured into a business you don't know. Anything I ordered I get exactly that oga. If custom duty is increased then increase price of car or stop the business altogether if you can't cope. I still import cars strictly on pre order and I don't have any complaints.

weytin you know no pass you , I lost $11k$ to a ship that was fire 2 years ago Grimaldi and I was paid 50 percent, una dey online dey cap carelessly

Skj13777:
Oga which ship catch fire? Na petrol you dey import or car. Those cars/ cargos are insured . If you ordered something and did not get it that's because you ventured into a business you don't know. Anything I ordered I get exactly that oga. If custom duty is increased then increase price of car or stop the business altogether if you can't cope. I still import cars strictly on pre order and I don't have any complaints.

cr7lomo:
Only a fool will borrow money to go into car business when he wasn't given a contract to supply

only a coward that’s not sure what’s he/ she is doing will back out when there is opportunity to expand your business

Iceking1:
Please tell me, where in Nigeria would you see a 2015 Toyota Camry for 15-17m?


The last 2012 Camry I priced at a car stand, I was told 17m last price, I went and the seller never dreamed to call me back.

1) you need to have good contacts in USA to help with shipping and logistics. Using those Companies like auction export make the car super expensive and erodes all your gains.

2) register with copart or iaai yourself preferably or get your contact to do so for you

3) always target states with ports like Texas , Florida or New York for your purchases from auction. It reduces risk and logistics costs

4) if you want meaningful gain always target accident cars ( front collision) or cars that don't start

5) have a good clearing agent in Nigeria . He will help you with short payment. This aspect is very important in your overall profitability. Example a Benz 2017 with a very good frontal impact that disfigured the car and deployed all airbags can easily be cleared with N7million instead of N15million for clearing alone. That gain from clearing alone can be used to repair the car completely . Remember because of the accident you probably bought it $4,000 or less. After repair you can sell it slightly less than the average selling price of such vehicle and make over 100% gain

6) you need a good mechanic, panel beater etc

7) always target flooded cars ( freshwater not salt water ooo), accident front impact , very high milage cars etc run away from clean cars if not you will end up driving it yourself

Banjotobisamson:
weytin you know no pass you , I lost $11k$ to a ship that was fire 2 years ago Grimaldi and I was paid 50 percent, una dey online dey cap carelessly

Every business suffers loss not only you. That's why you make more profit than losses oga. It's not a matter of you but everyone or business

Skj13777:
Every business suffers loss not only you. That's why you make more profit than losses oga. It's not a matter of you but everyone or business

so you know say loss dey , e reach gain you dey shine eye like police man touch light

Softmen:
Instead blame Tinubu

what brought tinunbu into this matter !?
we are talking of dealers and buyers

Brendaniel:
One is doing business and the other is importing for personal use,

I addressed the point that was raised as excuse. Learn to address people's points accordingly. Excessive profits is a bad practice

a lot of you have not done business before that's why you are talking like this.

I have been in business since 2012. Let's discuss another point.

maasoap:
I addressed the point that was raised as excuse. Learn to address people's points accordingly. Excessive profits is a bad practice


I have been in business since 2012. Let's discuss another point.

It depends on what you mean by excessive profit based on the economic indices involved...

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

They have family too feed at home too

Don't polish evil to make it appear beautiful. Most Nigerians are naturally wicked in nature but always put the blame on government.

You must not exploit people because you have family to feed, the customers who patronize you also have families to feed.

Brendaniel:
I also skipped Yaradua's own.... equation balanced...

hahahahah.... You skipped all the northerners.. why?

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

Rent, staff salaries, FG, state and local taxes, bills, kickbacks. Also note that they sell to you according to your bargaining skill. Profit is never static.

In addition, some sales leave behind zero profit and huge losses. Business, especially sales, takes ingenuity.

saintnegroid:
hahahahah.... You skipped all the northerners.. why?

It wasn't intentional though

Skj13777:
1) you need to have good contacts in USA to help with shipping and logistics. Using those Companies like auction export make the car super expensive and erodes all your gains.

2) register with copart or iaai yourself preferably or get your contact to do so for you

3) always target states with ports like Texas , Florida or New York for your purchases from auction. It reduces risk and logistics costs

4) if you want meaningful gain always target accident cars ( front collision) or cars that don't start

5) have a good clearing agent in Nigeria . He will help you with short payment. This aspect is very important in your overall profitability. Example a Benz 2017 with a very good frontal impact that disfigured the car and deployed all airbags can easily be cleared with N7million instead of N15million for clearing alone. That gain from clearing alone can be used to repair the car completely . Remember because of the accident you probably bought it $4,000 or less. After repair you can sell it slightly less than the average selling price of such vehicle and make over 100% gain

6) you need a good mechanic, panel beater etc

7) always target flooded cars ( freshwater not salt water ooo), accident front impact , very high milage cars etc run away from clean cars if not you will end up driving it yourself

Everything u have listed above is what majority of the dealers do, however, we will also be the first to complain and cry foul after buying a car from a dealer and later discovering from vin checks that the car was badly accidents (damaged frontal/ bad chassis and with all Airbags deployed).

The question is can majority of Nigerians afford clean title vehicles

Brendaniel:
It wasn't intentional though

okay

free2ryhme:
So because a car dealer wants to feed their family, they should load all their profit and expenses onto a single car sale? Some of you reason in the most irrational ways.

They need to secure their cars day in day out until sales. One Tyre rim is about N400,000. The cars are washed daily and weekly.

AfDapone:
They need to secure their cars day in day out until sales. One Tyre rim is about N400,000. The cars are washed daily and weekly.

why you never buy am

cr7lomo:
Lol....which company will pay u 10% a month ..if not ponzi schemes...and u say without risk... treasury bills or fix deposits in commercial banks will not give u more than 15% ton20% a year.... only fraudsters will offer u 10% a month....and u called it risk free ...ndi cibex and mmm

whr did you see month in my analysis? I said per annum. Moreover this high end cars ain't sold daily or monthly, their demand are limited. Some cars might stay on the stand for 1yr before they are sold.

Brendaniel:
It depends on what you mean by excessive profit based on the economic indices involved...

Excessive is excessive. Even in capitalist economies like USA and others, you can't just sell to the public at ridiculously high profits.

maasoap:
Excessive is excessive. Even in capitalist economies like USA and others, you can't just sell to the public at ridiculously high profits.

Also Blame the inflation that has ballooned the figures...

Brendaniel:
Also Blame the inflation that has ballooned the figures...

It is funny that you don't seem to realise that this kind of practice is contributing to the non stop hyper inflation we're having. This is basic Economic 101.

maasoap:
It is funny that you don't seem to realise that this kind of practice is contributing to the non stop hyper inflation we're having. This is basic Economic 101.

And what is Tinubu doing on his own part as the president to reduce inflation?

ALISMILE:
Somtimes it’s more than that. I know it’s difficult to believe. But when you hear the breakdown, which they will never disclose to prospective buyers, you will understand.

could you elucidate more in that please?

I recently started this importation cars business for Toks cars. So far I have spent 50 million naira to import a container of 4 cars. By the time the car gets to nigeria. I will spend another 25million for clearing and car repairs. So a total of 75 million naira invested. It will take say 6-12 months to sell all the 4 cars and recoup my investment. So my money is tied down for about a year. If I demand profit of 15- 20 million is that too much for the risk of my investement of 75 million? You guys are just unrealistic. If I cannot get such profit, then I'd rather just invest my 75 million in the U.S stock market and be counting dollar profits. Mscheww.



Do the business first before you complain.

seunpinky:
Everything u have listed above is what majority of the dealers do, however, we will also be the first to complain and cry foul after buying a car from a dealer and later discovering from vin checks that the car was badly accidents (damaged frontal/ bad chassis and with all Airbags deployed).

The question is can majority of Nigerians afford clean title vehicles

Almost all the toks cars sold in Nigeria are accidented and fixed in Nigeria. Nigerians cannot afford clean title cars. If you want a car without any accident then go to auction and buy it yourself and then see how much the car will be by the time it gets to Nigeria. It will be fcking expensive.