Autos › DISTRESS!!! Toyota Sienna 2015 Foreign Used 13.5m Magodo Lagos. Awoof Deal by yanjoo64(op): 10:48am On Jun 26*. Modified: 2:51pm On Jun 26 |
Toyota Sienna 2015 foreign used 13.5m magodo Lagos.
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 8:57am On Jun 26 |
yanjoo64: Hyundai Tucson 2017
Foreign Used
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 6:34pm On Jun 25*. Modified: 12:11pm On Jun 26 |
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Foreign Used
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 5:41pm On Jun 25 |
yanjoo64: Hyundai Tucson 2017
Foreign Used
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 1:53pm On Jun 25 |
yanjoo64: Hyundai Tucson 2017
Foreign Used
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 9:54am On Jun 25 |
yanjoo64: Hyundai Tucson 2017
Foreign Used
19.5m negotiable
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 9:08pm On Jun 24 |
yanjoo64: Hyundai Tucson 2017
Foreign Used
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 8:29pm On Jun 24 |
yanjoo64: Hyundai Tucson 2017
Foreign Used
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 6:21pm On Jun 24 |
yanjoo64: Hyundai Tucson 2017
Foreign Used
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 3:19pm On Jun 24 |
yanjoo64: Hyundai Tucson 2017
Foreign Used
19m negotiable
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 12:52pm On Jun 24 |
yanjoo64: Hyundai Tucson 2017
Foreign Used
20m negotiable
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 12:50pm On Jun 24 |
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 7:29am On Jun 24 |
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Autos › Re: My Brother Paid ₦16.8M. The Dealer Bought It For $4,350 by yanjoo64(m): 10:00pm On Jun 23 |
AccidentedCars: The most expensive thing in Nigeria is not a car.
It's not knowing what the car ACTUALLY costs.
June 2022. My younger brother called me. Excited. Almost shaking.
He'd just paid ₦16.8 million for a 2016 Camry.
"Clean title. Family friend dealer. Just landed last week."
I was happy for him. Genuinely.
Then I asked for the VIN.
If you don't know, a VIN is a 17-character code on every car. Think of it like the car's BVN – unique, permanent, tracks everything.
I plugged that VIN into Copart, which is the largest auto auction platform in the United States.
Copart is publicly traded on NASDAQ. They connect global buyers and sellers, processing over 4 million transactions each year.
Same car. Same VIN. Sold 9 weeks earlier.
Winning bid: $4,350.
I did the math right there on my phone.
Shipping a car via RoRo from the US to Lagos typically costs around $1,350. The dealer probably paid around $1,600-$1,800 for shipping since SUVs and certain routes cost more.
On average, clearing a Tokunbo car in Nigeria costs between ₦2.5 million to ₦3 million. So let's be generous. Let's give this dealer EVERY benefit of the doubt:
Car (Copart bid): $4,350 Copart fees: $650 Shipping to Lagos: $1,800 Total USD: $6,800
At the exchange rate back then (around ₦620/$), that's ₦4,216,000.
Customs + clearing: ₦3,000,000 (generous estimate).
Minor reconditioning: ₦200,000.
Dealer's TOTAL landed cost: approximately ₦7,416,000.
Let's even round up to ₦8 million for comfort.
My brother paid ₦16.8 million.
The "family friend" pocketed roughly ₦8.8 million.
On ONE car.
When I showed him the math, he went silent for about 40 seconds.
Then he said something that changed the way I think about everything:
"Why didn't you teach me this before I paid?"
That question has lived in my chest since 2022.
Now let me show you why it's even WORSE in 2026.
The current market price for a foreign-used 2016 Toyota Camry in Nigeria sits around ₦15,825,000. Dealers in Abuja and Lagos are listing them anywhere from
₦18,500,000 to ₦19,500,000 for XLE trims. Meanwhile, the same car on Copart? Clean-title 2016 Camrys regularly sell for $3,000-$5,000.
Let me do the 2026 math for you.
Copart winning bid: $4,000 Copart buyer fees: $600 Shipping (RoRo to Lagos): $1,400 Total USD: $6,000
The current official exchange rate is approximately ₦1,363.83 per dollar.
The parallel market rate averages around ₦1,405 today. At ₦1,400/$: that's ₦8,400,000.
Nigerian Customs charges 20% duty, 15% levy, 7% surcharge, 0.5% CISS/ETL, 4% FCS, and 7.5% VAT on the fixed import value – which, combined with agent fees, puts your total clearing cost at roughly ₦3,200,000-₦3,500,000 for a 2016 Camry.
Total landed cost in June 2026: approximately ₦11,600,000 - ₦12,200,000.
Dealer price on Jiji right now: ₦15,500,000 - ₦18,500,000.
The gap: ₦3,300,000 to ₦6,900,000.
That gap is the dealer's profit. His agent's settlement. His showroom rent. His "connect" money.
It comes from ONE place: your pocket.
And it only exists because of ONE thing: you didn't know what the car actually cost.
Now you know.
The question my brother asked me in 2022 – "why didn't you teach me this before I paid?" – I can't unhear it.
So I built a system. The entire process, start to finish. Copart registration, bidding strategy, shipping, customs clearing, even the clearing agent contacts I've tested over 8 imports.
I put everything here: https://accidentedcars.com.ng/diy-import-bible
₦35,000. Less than the fuel you'll burn driving to three dealerships this week.
But you'll never overpay a dealer again. Your write up is very unfounded and filled with misinformations. Talking about copart auctions, its very easy for someone who has not bought a car on copart to do quick maths and say dealers are making so much off selling a car in a very competitive auto market. First of all copart membership cost about $700. After wining a bid on copart there are copart fees and other charges. Wining a bid of about $4000 you would be paying about $800. Most auction (salvaged) cars cannot be driven on US roads because they do not pass their state and federal road requirements. So you have to truck to port. Trucking cost about $400 upwards depending on distance to from auctions site to nearest shipping port. Roro shipping if its a run and drive or Container shipping if its a non starter. Costing about $1400-$1900. Custom clearance in Lagos. - 3m-3.5m (using the car in question ) Mind you there are many unforseen expenses that may arise from when you buy the car and getting it to Lagos. While im not justifying what tge dealer has dome im only trying to let you know that the cost of landing a car in Lagos is way more than what you just listed abd calculated. |
Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 8:55pm On Jun 23 |
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 3:07pm On Jun 23 |
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 7:23am On Jun 23 |
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 8:09pm On Jun 22 |
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 10:45am On Jun 22 |
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 2:04pm On Jun 10 |
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Autos › Re: Hyundai Tucson 2017 Foreign Used Giveaway Price March 2026 Entry Lagos by yanjoo64(op): 9:58am On Jun 09 |
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