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Is It Possible To Pay A Custom Duty Of 550k On A 2010 Toyota Corrolla? - Autos - Nairaland

Nairaland ForumNairaland GeneralAutosIs It Possible To Pay A Custom Duty Of 550k On A 2010 Toyota Corrolla? (1045 Views)

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Is It Possible To Pay A Custom Duty Of 550k On A 2010 Toyota Corrolla? by eHydrated(op):
I am creating this topic because i don't have 150k to borrow someone to settle Customs officers along the Benin- ore Highway.
Long story short, a childhood friend of mine recently acquired a 2010 Toyota Corrolla imported from the States. Given that we both are from the same state of origin, it was decided that we are going to travel back to the east, along with other friends of ours, in his newly acquired car this forthcoming 25th of December.
Yesterday, we were at a bar and i inquired from him the total amount he spend on getting the car cos i would like to get one too. He told me it cost him around 2.1 million to get the car. Initially, i assumed that excluded custom and clearing duties but alas he said it was inclusive of both. He said it cost him about 550k to clear the car and paid his clearing agent around 100k. I had my reservations and i called his attention to it but he wasn't swayed.
I cudnt get that off my mind, is it possible to clear a 2010 Toyota Corrolla with just 550k? I dont know if he's lying or just ignorant but he seemed confident that everything was properly done not stating that this is actually the 1st time he is importing a car. Please gurus in the house, what's your take? Your responses will help me better sway him or clear my doubts. Thanks
Re: Is It Possible To Pay A Custom Duty Of 550k On A 2010 Toyota Corrolla? by Joehigashi(m): 3:49pm On Dec 01, 2019
This should help

Re: Is It Possible To Pay A Custom Duty Of 550k On A 2010 Toyota Corrolla? by HeavenlyBang(m): 3:52pm On Dec 01, 2019
No. Likely closer to 800k.
Re: Is It Possible To Pay A Custom Duty Of 550k On A 2010 Toyota Corrolla? by eHydrated(op): 4:40pm On Dec 01, 2019
Joehigashi:
This should help
Are these prices fixed? Can't another source quote something else?
Re: Is It Possible To Pay A Custom Duty Of 550k On A 2010 Toyota Corrolla? by eHydrated(op): 4:41pm On Dec 01, 2019
HeavenlyBang:
No. Likely closer to 800k.
800k? How certain are u?
Re: Is It Possible To Pay A Custom Duty Of 550k On A 2010 Toyota Corrolla? by dgitrader(m): 7:13pm On Dec 01, 2019
The same way a mad man was beating his chest that his toks 2004 matrix total cost is 1.2m, inclusive of 250k to clear and bring in from cotonou last two months. Imagine oh, cotonuo at this time for that matter.
Re: Is It Possible To Pay A Custom Duty Of 550k On A 2010 Toyota Corrolla? by eHydrated(op): 10:50pm On Dec 01, 2019
dgitrader:
The same way a mad man was beating his chest that his toks 2004 matrix total cost is 1.2m, inclusive of 250k to clear and bring in from cotonou last two months. Imagine oh, cotonuo at this time for that matter.
I dnt know of the total cost but I think 250k clearance cost may not be far fetched if he knows his way.
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