As far back as 2015,with 2.3m naira,you can boast of buying a lexus ,or a camry sport,and some other SUVs. But i was so irritated tofay,having visited different car stands at ibadan,some of the cars i saw were too old,camry big daddy,corola 2004,c230,avalon 05,matrix,pontiac,es330, all selling for close to 3m naira. Why are we so wicked in this country. So if i want to buy a tokunbo car of 2011 model,i will be holding like 10million naira then. How can you want to sell lexus IS 2003 model for 1.9m naira. I just weak . Benz prices i saw at challenge and iwo road very high price, c300 2009 model 4.8m. Nawa o,benz c350 2009 5.8m. Nawa o. All tokunbo

The prices are high because of the exchange rate factor coupled with custom duties.

It may even get worse as long as the naira keeps losing its value against the dollar

importation and duties coupled with poor currency exchange

I shake my head for nigeria

Naira is weak

This is because of the effect of dollars to naira currency.....

i never chop na to buy car if the like make 1989 car be sold for 15million i go chop first naw b4 thinking of buying car wia be liability

WhiteGoldz:
As far back as 2015,with 2.3m naira,you can boast of buying a lexus ,or a camry sport,and some other SUVs. But i was so irritated tofay,having visited different car stands at ibadan,some of the cars i saw were too old,camry big daddy,corola 2004,c230,avalon 05,matrix,pontiac,es330, all selling for close to 3m naira. Why are we so wicked in this country. So if i want to buy a tokunbo car of 2011 model,i will be holding like 10million naira then. How can you want to sell lexus IS 2003 model for 1.9m naira. I just weak . Benz prices i saw at challenge and iwo road very high price, c300 2009 model 4.8m. Nawa o,benz c350 2009 5.8m. Nawa o. All tokunbo

Cars are actually cheap in Nigeria compare to Ghana.Any car of 1.9 million in Nigeria goes for over 5 million in Ghana...So relax,cars are cheap in Nigeria.

Oga stop comparing ghana,ghana dey drive tokunbo cars

Truthteller2020:

Cars are actually cheap in Nigeria compare to Ghana.Any car of 1.9 million in Nigeria goes for over 5 million in Ghana...So relax,cars are cheap in Nigeria.

ghana dey drive tokunbo cars
[/quote]
I don't understand this part.Are u asking or what?

WhiteGoldz:
As far back as 2015,with 2.3m naira,you can boast of buying a lexus ,or a camry sport,and some other SUVs. But i was so irritated tofay,having visited different car stands at ibadan,some of the cars i saw were too old,camry big daddy,corola 2004,c230,avalon 05,matrix,pontiac,es330, all selling for close to 3m naira. Why are we so wicked in this country. So if i want to buy a tokunbo car of 2011 model,i will be holding like 10million naira then. How can you want to sell lexus IS 2003 model for 1.9m naira. I just weak . Benz prices i saw at challenge and iwo road very high price, c300 2009 model 4.8m. Nawa o,benz c350 2009 5.8m. Nawa o. All tokunbo

Bros, if I may ask who did you vote for 2015?

Goodluck pdp,i hate apc to the fullest.

nedekid:

Bros, if I may ask who did you vote for 2015?

Na why all man dey wise up now. Everybody is looking for ways to buy abroad and shop it in

WhiteGoldz:
As far back as 2015,with 2.3m naira,you can boast of buying a lexus ,or a camry sport,and some other SUVs. But i was so irritated tofay,having visited different car stands at ibadan,some of the cars i saw were too old,camry big daddy,corola 2004,c230,avalon 05,matrix,pontiac,es330, all selling for close to 3m naira. Why are we so wicked in this country. So if i want to buy a tokunbo car of 2011 model,i will be holding like 10million naira then. How can you want to sell lexus IS 2003 model for 1.9m naira. I just weak . Benz prices i saw at challenge and iwo road very high price, c300 2009 model 4.8m. Nawa o,benz c350 2009 5.8m. Nawa o. All tokunbo

To buy any fairly recent vehicle today, you have to hold 4-5m. That is the situation we have found ourselves

As for the old vehicles, irrespective of the year, clearing, shipping and trucking will gulp an average of 1.2m. Add the cost of the vehicle, auction charges, repairs and profit and you're easily looking at 2m naira.

Una go just dey spew rubbish.

Car of 1.9 million goes for 5 million in Ghana and you never open car business, buy in naija and sell in Ghana.

Truthteller2020:

Cars are actually cheap in Nigeria compare to Ghana.Any car of 1.9 million in Nigeria goes for over 5 million in Ghana...So relax,cars are cheap in Nigeria.

Where can one find legit here on nairaland

Zhirinovsky:
Na why all man dey wise up now. Everybody is looking for ways to buy abroad and shop it in

WhiteGoldz:
Where can one find legit here on nairaland

You should note that, for old vehicles, even though you import yourself, you will likely not beat the prices the vehicle are being sold in the country.

Why,theres a huge difference between 2.7m and 4.6m...

rationalmind:


You should note that, for old vehicles, even though you import yourself, you will likely not beat the prices the vehicle are being sold in the country.

WhiteGoldz:
Goodluck pdp,i hate apc to the fullest.

Ok. Great
The car issue is one I have also seen. You can't get a good car without atleast 4m and above.
5 years ago, a 8-10 year old $10k car would have been ₦1.4m.
As at today, we know $10k is now ₦4.75m. So naturally you need 4.7m today to get that same car you bought 5 years ago for 1.4m!
Folks don't know how far this regime has impoverished us.
Why do you think Nigeria is now said to be the poverty capital of the world?

Don't trust any dealer here on Nairaland because you will need to pay them upfront. It is better if you know a dealer personally in the abroad. You can also chose to buy from cotonou (it is cheaper)

Truth is cars are now expensive due to current exchange rate but nigerian car sellers are over blowing it. Even people that bought corolla in 2015 wants to resell it in 2021 above the amount they even bought it after driving it for 6 years using xchange rate as an excuse

WhiteGoldz:
Where can one find legit here on nairaland

WhiteGoldz:
Goodluck pdp,i hate apc to the fullest.

Which of the apc?

https://www.youtube.com/watch?v=-Vi3XbcLUic



https://www.youtube.com/watch?v=JWS2dCm8PhM
I swear thats what we have now,we are the cause of pur own problems. Everyone is greedy, is it not illegal to go through cotonou

Zhirinovsky:
Don't trust any dealer here on Nairaland because you will need to pay them upfront. It is better if you know a dealer personally in the abroad. You can also chose to buy from cotonou (it is cheaper)

Truth is cars are now expensive due to current exchange rate but nigerian car sellers are over blowing it. Even people that bought corolla in 2015 wants to resell it in 2021 above the amount they even bought it after driving it for 6 years using xchange rate as an excuse

Zhirinovsky:
Una go just dey spew rubbish.

Car of 1.9 million goes for 5 million in Ghana and you never open car business, buy in naija and sell in Ghana.

See this one.. Ghana custom does not register any car that comes through land border..If you think I am lying about the price tell me how much Toyota Camry 2002 cost in Ghana, let's compare

Truthteller2020:

See this one.. Ghana custom does not register any car that comes through land border..If you think I am lying about the price tell me how much Toyota Camry 2002 cost in Ghana, let's compare

When will you shut up, and stop making stupid comparisons like your clueless politicians??

When did Ghana start having Naira as its currency?

ChybuzzDD:


When will you shut up, and stop making stupid comparisons like your clueless politicians??

When did Ghana start having Naira as its currency?

See mumu that does not know that currencies can be converted.When I said 5 million naira I am referring to equivalent in cedis, which is about 600 million in old Cedis and 60 thousand in new currency.

Omihanifa:
The prices are high because of the exchange rate factor coupled with custom duties.

It may even get worse as long as the naira keeps losing its value against the dollar

Tell him

Even toks 1997-2001 Toyota Camry is around 1.2m - 1.4m

Exchange rate and duties.

So sad

Omihanifa:
The prices are high because of the exchange rate factor coupled with custom duties.

It may even get worse as long as the naira keeps losing its value against the dollar

So who benefits in all These.

When you commit the work of managing an economy to stupid unintelligent people, that's what you get. Spiralling inflation and loss of value for your currency

Does this now mean i cant get a decent car of 08 to 2010 for 2.5m naira. Someone buys an rx 330 for 2.3 m in 2013,drove it till 2021 then decides to sell for 3.2m. Is that person not a thief

WhiteGoldz:
Does this now mean i cant get a decent car of 08 to 2010 for 2.5m naira. Someone buys an rx 330 for 2.3 m in 2013,drove it till 2021 then decides to sell for 3.2m. Is that person not a thief

It’s called appreciation value depending on the current condition of the car. It’s not his fault the car has appreciated. It happens bt rare.

Just like land u bought 300k at lekki in 2005 and selling it 40m in 2021. Is he a thief?

I taya sef.

For 1999 Toyota Camry (Toks) to still be 1.2M in the 2020s, it calls for serious talks