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Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? - Autos (3) - Nairaland

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Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by 77up(m): 12:27pm On Nov 26, 2020
articlewriter:
Innoson cars accepts Naira not dollar. Let us grow our Naira
...and is stupidly expensive than those that accepts dollars.
Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by OfficialBrendan(m): 12:27pm On Nov 26, 2020
Fake news undecided dollar did not increase. Naira is doing so well, it's among the best in world currency xchange. It's fake news from the opposition party cry cry.. we are so bleeped grin

1 Like

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by chozzy: 12:27pm On Nov 26, 2020
captainamiedi1:
E favor me wella. Change small dollars to naira boom you are a big boy. Kudos to Buhari and his team. They are doing well

With inflation skyrocketing?
You're just dumb.
.

1 Like

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by EgunMogaji2: 12:28pm On Nov 26, 2020
Don’t jump into a river if you can’t swim.

1 Like

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by PotatoSalad(m): 12:29pm On Nov 26, 2020
captainamiedi1:
E favor me wella. Change small dollars to naira boom you are a big boy. Kudos to Buhari and his team. They are doing well
And you'll still buy things at 4x their original price. For your mind it's better.
How much is common gino tomato paste sachet now?
Olodo

2 Likes

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by chukel(m): 12:31pm On Nov 26, 2020
adonainana:
Nigerians are greedy people
Yes dollar has increased but surely the levy import levy on imported cars has been slashed. So how come the effect can’t and won’t be seen by people buying tokunbo cars

Nigerians are greedy people and would exploit any situation. Any price of anything that goes up in Nigeria through chance, luck or pure economics never goes back down when every parameter has been fixed

Tokunbo cars aside, let’s say it cost 1.5million to import a tokunbo Toyota Camry 2009 to Nigeria. And the seller wants to make his own profit and sells for 1.9 million

Please what about used Nigerian cars, how come all of a sudden it is now expensive, like which part of forex deals with Nigerian used cars that has been used on Nigerian roads.

Too much greed in this country and sometimes if you say too much, people would be like if you can’t afford it, shift and same people want corruption to end, sars to end, nepotism to end. Like una never serious yet

Finally this country is a time bomb, imagine sellin a 2006 car for $3,000 (1.4 million )

Imagine a 14 year old car that the Oyimbo manufacturers have even forgotten they made 14 years ago still selling for millions in a third world country that produces nothing of its own and only imports everything to sustain its lifestyle smh
everything you typed here reeks of ignorance. To start with, the slash on import duty for vehicles has not been implemented. The man selling his nigerian used car, sells to probably buy a foreign used car. If foreign used price goes up, its normal economics for price of the Nigerian used to go up. Cos his purchase power needs to be higher in the price increasing market. Finally, go to foreign sites like cars.com or carsforsale.com and see the prices of 2006 vehicles. Then get back here and tell us if a 2006 for $3000 is obtainable in saner clime.

15 Likes 3 Shares

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by bendike: 12:31pm On Nov 26, 2020
naijadrivablog:
Na to look to accidented cars to sell na.

Some will even resort to buying stolen cars from US and Canada.
The later sounds interesting. I hear insurance settles for the loss. cool
Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by chukel(m): 12:33pm On Nov 26, 2020
AsapKen:
The price keeps going up every day. Imagine some people selling used corolla for as much as 1.550-1.6 cry
this corolla own pisses me off.

1 Like

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by captainamiedi1: 12:33pm On Nov 26, 2020
PotatoSalad:

And you'll still buy things at 4x their original price. For your mind it's better.
How much is common gino tomato paste sachet now?
Olodo

Do I care?? I pray it increase. Buhari till 2090. The joy you get when your salary increases every month.
Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by williams20(m): 12:34pm On Nov 26, 2020
chrisifeanyi:
No be small thing. I dey pity dem. Please I need foreign used Lexus RX 350 2009. It must be very neat with good title
I have a black colour rx350 2009 clean title .
08064822538
Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by captainamiedi1: 12:34pm On Nov 26, 2020
chozzy:


With inflation skyrocketing?
You're just dumb.
.

And salary is increasing. Nothing concern me
Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by calculusx(m): 12:35pm On Nov 26, 2020
Teewhy2:
2010: Toyota Corolla 2003 sales price in nigeria 1.3 million
2020: Toyota Corolla 2003 sales price in nigeria 1.7 million.

same product and manufacturing date more expensive 10 years after( Do they mean the older the more expensive)

The matter tire me menn. . You buy $ #450 at the time of Purchase. Time to pay for Shipping you'll buy $ @ #470, before the Car gets here and you are ready to sell $ has gone up to #500.I'm frustrated

https://www.nairaland.com/6266078/clean-title-2004-toyota-corolla

$2093 + $1400 x #450 = #1,547,550 + 500,000 = $2,047,550. I can't even boast of 50k profit as there are still little things to fix

6 Likes 1 Share

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by lekki1444: 12:35pm On Nov 26, 2020
EgunMogaji2:
Don’t jump into a river if you can’t swim.
bros make we talk na. i dey look real estate for ibadan. is bodija still as posh as it once was ?

1 Like

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by bendike: 12:36pm On Nov 26, 2020
Teewhy2:
2010: Toyota Corolla 2003 sales price in nigeria 1.3 million
2020: Toyota Corolla 2003 sales price in nigeria 1.7 million.

same product and manufacturing date more expensive 10 years after( Do they mean the older the more expensive)
It just means buhari is doing well with the economy.
Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by lekki1444: 12:37pm On Nov 26, 2020
PotatoSalad:

And you'll still buy things at 4x their original price. For your mind it's better.
How much is common gino tomato paste sachet now?
Olodo
na rich man dey chop tomato paste, just pour small ketchup inside bowl and put water and mix am. tomato paste done land be dat na undecided
Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by Ofemmanu1: 12:38pm On Nov 26, 2020
adonainana:
Nigerians are greedy people
Yes dollar has increased but surely the levy import levy on imported cars has been slashed. So how come the effect can’t and won’t be seen by people buying tokunbo cars

Nigerians are greedy people and would exploit any situation. Any price of anything that goes up in Nigeria through chance, luck or pure economics never goes back down when every parameter has been fixed

Tokunbo cars aside, let’s say it cost 1.5million to import a tokunbo Toyota Camry 2009 to Nigeria. And the seller wants to make his own profit and sells for 1.9 million

Please what about used Nigerian cars, how come all of a sudden it is now expensive, like which part of forex deals with Nigerian used cars that has been used on Nigerian roads.

Too much greed in this country and sometimes if you say too much, people would be like if you can’t afford it, shift and same people want corruption to end, sars to end, nepotism to end. Like una never serious yet

Finally this country is a time bomb, imagine sellin a 2006 car for $3,000 (1.4 million )

Imagine a 14 year old car that the Oyimbo manufacturers have even forgotten they made 14 years ago still selling for millions in a third world country that produces nothing of its own and only imports everything to sustain its lifestyle smh
The thing shock me o.
Seeing a vehicle like 2007 Honda Accord tokunbo @1.5m and Naija used @900k wtf?!

I bought same a Naija used @ 600k 2 years ago.

1 Like

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by bubudeen: 12:38pm On Nov 26, 2020
I need mint Lexus ES 350 2011 or Toyota Camry 2012,2013 SE or XLE. Location: Abuja . Nigerian used or Toks .
Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by Ofemmanu1: 12:41pm On Nov 26, 2020
andsboy29:
What is really making the Naira weak by the day and the dollar gaining Strength.


God pls give our Leaders Sense.
It is the same thing making fuel to increase and other commodities gaining strength against Nigerians.

The problem is the basterrd vegetable braindead, good for nothing son-of-a cow buhari and his terrorists.

2 Likes 1 Share

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by DexterousOne(m): 12:42pm On Nov 26, 2020
adonainana:
Nigerians are greedy people
Yes dollar has increased but surely the levy import levy on imported cars has been slashed. So how come the effect can’t and won’t be seen by people buying tokunbo cars

Nigerians are greedy people and would exploit any situation. Any price of anything that goes up in Nigeria through chance, luck or pure economics never goes back down when every parameter has been fixed

Tokunbo cars aside, let’s say it cost 1.5million to import a tokunbo Toyota Camry 2009 to Nigeria. And the seller wants to make his own profit and sells for 1.9 million

Please what about used Nigerian cars, how come all of a sudden it is now expensive, like which part of forex deals with Nigerian used cars that has been used on Nigerian roads.

Too much greed in this country and sometimes if you say too much, people would be like if you can’t afford it, shift and same people want corruption to end, sars to end, nepotism to end. Like una never serious yet

Finally this country is a time bomb, imagine sellin a 2006 car for $3,000 (1.4 million )

Imagine a 14 year old car that the Oyimbo manufacturers have even forgotten they made 14 years ago still selling for millions in a third world country that produces nothing of its own and only imports everything to sustain its lifestyle smh

What you have mentioned is a sad reality

1 Like

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by nwakibie3(m): 12:44pm On Nov 26, 2020
chrisifeanyi:
No be small thing. I dey pity dem. Please I need foreign used Lexus RX 350 2009. It must be very neat with good title

Check ur DM
Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by Ganzoh: 12:44pm On Nov 26, 2020
promzy555:
I need very neat 2004 corolla

I am your plug for a very good deal
Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by Nobody: 12:44pm On Nov 26, 2020
Those who can afford will still buy cars, had 5 car dedications this month, all above 2m.

5 Likes

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by CutieKing: 12:45pm On Nov 26, 2020
The moment we start depending less on foreign goods and products, our economy and forex will start getting better.

2 Likes

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by lekki1444: 12:46pm On Nov 26, 2020
nwayobuije:


Giod day Gazzuzz,

Please permit me to state the issue i have here, i recently got a nigerian used camry 2004 and drove all d way from abuja to osogbo witjout issues, transmission was great. But i noticed the the oil shortage sign on the dashboard, it flashes at some point and some times it refuses to go off until i off the engine and start it again but this light comes on only when i put on the AC, its come after some.minutes when the AC is on. And even when i off the AC it refuses to go off until i off and start the engine (i also recently serviced the car with a new filter.) My kazeem had to brimg down the sump and cleaned with the new filter incase it has been clogged with dirt, but the issue persist when my AC comes on, without the AC light doesnt come.on. my kazeem is saying we need to change the oil pump. I would.have located you with the car but i am scared of driving it that far from osogbo. Please advice me on what to do before the engine gets tampered with. Apart from the signal on the dashboard. Every thing works well. Please advice sir
bros something is wrong with your ac compressor. it is overtaxing your engine
Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by calculusx(m): 12:46pm On Nov 26, 2020
GAZZUZZ:
Car sales .


Since there is no restriction to who can import and sell a car, the market is very diverse.

The actual people who sell cars for a living are having a hard time competing with people who sell cars on the side.


A 2003 Toyota Corolla clean title will land Nigeria at about ₦1,940,000 naira , it will be put up for sale for about ₦2,100,000 and finally sold for about ₦2-2.03m in 1-2weeks

A profit of ₦less than ₦100,000 on an investment of roughly 2m and wait period of about 3months, with associated risk.


Now you have people who have relations outside the country who I would like to call recreational sellers, they do not sell cars for a living, they do not know how much these cars cost, all they do is wait for Obinna to send a car down, Obinna tells them the last price and they put it up for sale . After 2-3months of not seeing a buyer the price starts to drop out of frustration and finally a car that landed at say ₦1,000,000 would end up being sold for ₦900,000 with thank you cheesy


Cars are now very expensive, cat dealers are not finding it easy and have to source for cheap dollars to stay afloat, the dubious ones have to search for badly salvaged cheap vehicles to make more profit, they also have to cut more corners at the port to shortpay on custom duty to cover up for the shortfall in returns.

So this is the best time to really pay attention to vehicle info before paying for it.
https://www.nairaland.com/carguide

Run a vin report, check the custom duty, and stop chasing after cheap cars, you are most likely buying trouble .

May God help us in Nigeria.

In January 2020, 2007 Camry LE was sold for 2.1m, the same Vehicle now sell for #2.7m. It's very hard to stay afloat in this business. It is well in the well

3 Likes

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by bendike: 12:49pm On Nov 26, 2020
HeadShot:
The Economy is in complete comatose

It's a dead country on autopilot..

Hunger everywhere... Fuel hike.. food price hike

Yet Yoruba Muslims chant sai barber
Hmm, the rate they hussle me for money ehh. I half of the time switch off my phone. This is after I block number but the use other numbers. No be the same economy we de? As it is hitting them, na so it is hitting me naa. Meanwhile when we were begging them to chill say this baba na Dillard and will impoverished us all, them no gree, de shout SAI BABA as if they were on drugs. Now them Wan take ragging wound persin.
Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by 2cribz: 12:49pm On Nov 26, 2020
Everyone is greedy. A toks camry 04 goes for 1.6m,a greedy naija used wants to sell for 1.5m.
A toks infinity gors for 1.7 to 2m max.
A greedy naija seller wants to sell his registered for 1.5m.
A toks 03 4runner gors for 2.2m a greedy thief wants to sell registered for 1.8m.
A toks eod goes for 1.4m, a thief wants to sell for 1 2m registered... corola toks 1.6,greedy thief wants to sell for 1.5m
Benz c230,c240 03 04 05 model goes for 1.6m max
A thief wants to sell for 1.3m

Ml 350 06 07 goes for 2.8m max. A thief wants to sell for 4m as toks,while registered also wants to sell for 3m.
There are so many greedy thieves on jiji,nairaland,cars45,name it my bro. Everyone na thief

4 Likes 1 Share

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by blackedwin: 12:50pm On Nov 26, 2020
2013 Toyota Camry SE 4.65M hit me if you're interested. Cheers
bubudeen:
I need mint Lexus ES 350 2011 or Toyota Camry 2012,2013 SE or XLE. Location: Abuja . Nigerian used or Toks .

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by pedrilo: 12:52pm On Nov 26, 2020
i have been saving to buy a car since january 2020
every since then, d price of d car keeps increasing due to d weak nature of d naira

3 Likes

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by dannybrasky(m): 12:54pm On Nov 26, 2020
Ever since dollar crossed $1 to 400 i have close shop until further notice. Hasta la Vista baby.

1 Like

Re: Cars, Auto Dealers & $ Dollar - Naira Exchange Rate: How Are You Coping? by profmallor: 12:54pm On Nov 26, 2020
The exhange rate to the dollar is what you should compare as Naira is very unstable. 1.3Million in 2010 is probably N600000 now


Teewhy2:
2010: Toyota Corolla 2003 sales price in nigeria 1.3 million
2020: Toyota Corolla 2003 sales price in nigeria 1.7 million.

same product and manufacturing date more expensive 10 years after( Do they mean the older the more expensive)

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