One of the greatest exploiters we have in Nigeria is the car dealers. They can actually make a scrap car look brand new again... The cars in their showrooms look perfect to the average eye. However, a trip behind the scenes could leave you dumbfounded.
My simple advice to all prospective car buyers is, never to rely on the information given to you by the car seller.. They may just give you a Tokunbo car as brand new or a Nigerian-used Tokunbo.
These are 5 things Nigerian car dealers don't want car buyers to know
1) Accidented cars:
Car dealers would always tell you their cars are clean without a scratch or blemish. But when you prove to them the car has been resprayed, they will now change their tone and say they only sprayed the bumpers due to a scratch at Lagos port. Note: This is usually a big fat lie. That car is most likely accidented. It is not news that most cars that are imported into Nigeria are bought from auctions that sell a large number of damaged vehicles. This may not be a problem as some damage is minor and inconsequential. However, some dealers prefer to buy badly damaged cars which would be sold very cheaply as scrap.. and such vehicles would be repaired and sold to unsuspecting Nigerians. I once asked a car dealer in Lagos to show me the pictures of the accident the car I was inspecting had. What I requested was the original pictures from the auction yard before any repair was done.. but he went ahead to show pictures he took after he had done some repairs. I almost fell for it but quickly realized they had done some repairs and even put in a new radiator and condenser. These guys could be desperate to any extent.. so you have to be careful in order not to buy a car that the airbags have been removed due to an accident or a car that the suspensions have been patched up to only take you out of their sales lot.
2) Rolled back mileage:
Just a week ago, I did a vehicle history check for someone, the vehicle history report showed the car had trekked 403,000 kilometers before it left Canada last year.. but the dashboard odometer in Lagos a week ago was showing 80,000 kilometers. What happened? They had rolled back the mileage. Come to think of it, imagine rolling your age back to 15 after clocking 80 years old. That would be splendid.
Another guy kept complaining his car had multiple issues.. we later realized the actual mileage on the car was about 500,000 kilometers.
3) Flooded cars:
Did you just buy a car that has a mind of its own? You try to reduce the volume of the radio but the sound goes up instead. You try to turn off the radio but the AC goes off instead. The reverse camera comes up anytime you put the car in the drive.. and your car continues to play many annoying pranks with you. The car is probably flooded. These cars are cheap at the auction so the ridiculous prices attract dealers who want to maximize their profit. Dealers don't want you to ever know they are selling a flooded car to you and you probably can't tell with your bare eyes. The simplest way to know is by doing a VIN (Vehicle Identification Number) check especially a Carfax VIN check.
Some people buy cars and they spend money fixing them for more than a year without being able to drive them.
4) Unpaid import duty:
The excessive import duty in Nigeria, our porous land borders as well as high level of corruption have led to several cars being smuggled into the country. The sad news is, that these cars are not seized from the dealers.. but they are seized from the final buyers who are not aware the vehicles were smuggled.
5) How much they make on each car:
Some cars are indeed sold at a loss especially when they have been on the ground for too long. It is also true that car dealers can make between ₦200,000 to ₦700,000 on a 2006 model Toyota car. The better they can execute the 4 points I listed above, the higher the profit they make.. but I have observed that no matter the amount car dealers make, they will always tell buyers that they are only making ₦50,000 on the car sale. If you fall for their appeal to pity, you will end up paying more for nothing.
Source
My simple advice to all prospective car buyers is, never to rely on the information given to you by the car seller.. They may just give you a Tokunbo car as brand new or a Nigerian-used Tokunbo.
These are 5 things Nigerian car dealers don't want car buyers to know
1) Accidented cars:
Car dealers would always tell you their cars are clean without a scratch or blemish. But when you prove to them the car has been resprayed, they will now change their tone and say they only sprayed the bumpers due to a scratch at Lagos port. Note: This is usually a big fat lie. That car is most likely accidented. It is not news that most cars that are imported into Nigeria are bought from auctions that sell a large number of damaged vehicles. This may not be a problem as some damage is minor and inconsequential. However, some dealers prefer to buy badly damaged cars which would be sold very cheaply as scrap.. and such vehicles would be repaired and sold to unsuspecting Nigerians. I once asked a car dealer in Lagos to show me the pictures of the accident the car I was inspecting had. What I requested was the original pictures from the auction yard before any repair was done.. but he went ahead to show pictures he took after he had done some repairs. I almost fell for it but quickly realized they had done some repairs and even put in a new radiator and condenser. These guys could be desperate to any extent.. so you have to be careful in order not to buy a car that the airbags have been removed due to an accident or a car that the suspensions have been patched up to only take you out of their sales lot.
2) Rolled back mileage:
Just a week ago, I did a vehicle history check for someone, the vehicle history report showed the car had trekked 403,000 kilometers before it left Canada last year.. but the dashboard odometer in Lagos a week ago was showing 80,000 kilometers. What happened? They had rolled back the mileage. Come to think of it, imagine rolling your age back to 15 after clocking 80 years old. That would be splendid.
Another guy kept complaining his car had multiple issues.. we later realized the actual mileage on the car was about 500,000 kilometers.
3) Flooded cars:
Did you just buy a car that has a mind of its own? You try to reduce the volume of the radio but the sound goes up instead. You try to turn off the radio but the AC goes off instead. The reverse camera comes up anytime you put the car in the drive.. and your car continues to play many annoying pranks with you. The car is probably flooded. These cars are cheap at the auction so the ridiculous prices attract dealers who want to maximize their profit. Dealers don't want you to ever know they are selling a flooded car to you and you probably can't tell with your bare eyes. The simplest way to know is by doing a VIN (Vehicle Identification Number) check especially a Carfax VIN check.
Some people buy cars and they spend money fixing them for more than a year without being able to drive them.
4) Unpaid import duty:
The excessive import duty in Nigeria, our porous land borders as well as high level of corruption have led to several cars being smuggled into the country. The sad news is, that these cars are not seized from the dealers.. but they are seized from the final buyers who are not aware the vehicles were smuggled.
5) How much they make on each car:
Some cars are indeed sold at a loss especially when they have been on the ground for too long. It is also true that car dealers can make between ₦200,000 to ₦700,000 on a 2006 model Toyota car. The better they can execute the 4 points I listed above, the higher the profit they make.. but I have observed that no matter the amount car dealers make, they will always tell buyers that they are only making ₦50,000 on the car sale. If you fall for their appeal to pity, you will end up paying more for nothing.
Source
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