Ads! Gain 200 Level Admission to Study Any Course In Any University Of Your Choice Through IJMB/JUPEB. NO JAMB | LOW FEES. Registration In Progress. Call 07063900993 NOW!

Custom Auction Cars for Sale in Nigeria 2021 Top 10 Brands

Filed in Articles by on April 5, 2021

ADS! Download JAMB CBT Software Now for FREE!

Are you aware of the cars auctioned by the Nigerian Customs service? Do you want to purchase a car? The Custom Auctions operation began as a way to decongest the Nigerian ports of impounded and not-cleared goods.

These goods include cars, machinery, food, and many other imports that were periodically sold to the public on a highest-bidder basis called auctions. Read through this article for more information about the Custom Auction Cars for Sale in Nigeria 2021.

Custom Auction Cars for Sale in Nigeria 2021 Top 10 Brands

Before buying cars for auction in Nigeria, make sure you understand its pros and cons. Business is inherently risky, and the serious commerce of buying and selling cars via the auction system is itself not exempt.

The Nigeria Customs Service (NCS), is dedicated to serving Nigerians and all its citizens in the ongoing sales of impounded vehicles throughout the 36 states.

Vehicles are to be properly registered to avoid any breaking of laws that govern car sales in Nigeria.

If you intend to own a car, now is the opportunity for you because these vehicles are now officially owned by the federal government in order to mitigate against all or any smuggling act of bringing cars into the country.

As the need for mobility grows in urban centers across Nigeria, the demand for vehicles of all types continues to grow. This demand is partly a consequence of business in Africa’s biggest economy, as well as an indication of a population on the rise, projected to hit 200 million by 2021.

Custom Auction Cars for Sale in Nigeria

The Nigerian Customs Service

However, before going into details about Custom Auction Cars for Sale in Nigeria, it is good to know that the Nigerian Customs Service (NCS) is the body responsible for the clearing of vehicles after which they are allowed within the country.

Things have quite changed as the method used in determining the cost of clearing a car in Nigeria today is no more based on the size and year of manufacture of the vehicle.

The new tariff system for determining the cost of clearing vehicles is what the NCS has been using for the past 4 years.

According to the Customs website, “a 35% duty is charged on the cost of your car, with an additional 35% levy which sums up the total clearing cost at 70% of the initial cost of the vehicle.”

How Did the Nigerian Custom Office Car Auctioning Begin?

The Customs Auctions operation began as a way to decongest the Nigerian ports of impounded and not-cleared goods. These goods, including cars, machinery, food, and many other imports were periodically sold to the public on a highest-bidder basis called auctions.

These auctions were usually pre-announced in newspapers to give the general public adequate fore-knowledge of them. Nigeria Customs auctions, as a rule, were attended eagerly by a wide cross-section of Nigerians.

Many potential shoppers would deliberately hoard cash intended for purchases until these auctions came along. Their official website is www.customs.gov.ng/

Risks in Buying Auction Cars in Nigeria

Before buying cars for auction in Nigeria, make sure you understand its pros and cons. Business is inherently risky, and the serious commerce of buying and selling cars via the auction system is itself not exempt.

Some risks you can encounter in trying to buy fairly used cars for sale in Nigeria through auctions are:

Fake Auction Sites

Many have fallen victim to fake auction sites. Giving your money to a site without some background check is foolhardy. Always do your due diligence.

Fake Customs Agents

It becomes constant news to read about the apprehension of persons impersonating Customs officers to auction off everything from cars to bags of rice.

 The NCS does not deal with citizens on a personal basis and all auction activities are routed through the provided web portal.

Wrong Reporting of a Vehicle’s True Condition on Auction Sites

Accident and salvaged cars form a large part of auctioned vehicles, especially those from overseas. Misrepresentation of a car’s true state can lead to a high bid and loss.

Payment Difficulties

Especially as concerns online auctioning, payment barriers still hinder many Nigerians from effectively engaging in e-commerce. This is seeing some improvement, however.

Lack of Strong Government Regulations for Auction Sales

Due to sale-by-auction being still a developing enterprise solution in Nigeria, there is still no strong legislation to regulate this method of commerce.

The Nigerian Association of Auctioneers is currently the only semi-official body that oversees auctioning in Nigeria.

No National Credit System Leading to Poor Auto-financing

 A poor credit structure generally limits access to financing for payments such as auto-purchase.

The Missions of Nigeria Custom Service

  • The major aim of the NCS Implement Government Fiscal Measures and Collection of Revenue.
  • The agency works tirelessly to prevent and curb smuggling.
  • Generation of statistical data for planning purposes.
  • Trade Facilitation.
  • The agency also engages in the collection of levies and charges.
  • The Nigeria Customs Service fight to reduce all illicit trafficking in and outside the country.

Functions of Nigeria Customs Service

  • Anti-Smuggling activities;
  • Generating statistics for planning and Budgetary purposes;
  • Monitoring Foreign Exchange utilization etc;
  • Engaging in Research, Planning, and Enforcement of Fiscal Policies of Government;
  • Security functions;
  • Collection of Revenue (Import /Excise Duties & other Taxes /Levies) and accounting for same;
  • Manifest processing;
  • Registration and designation of collecting banks;
  • Working in collaboration with other government agencies in all approved ports and border station
  • Licensing and registration of Customs Agents.

Auction Cars by Nigeria Customs

Nigerian Customs Services has fairly regular auctions of impounded cars. Unlike many auction sites, cars sold by the NCS are in easily assessable conditions. The probability of buying a salvaged vehicle from online auction sites is fairly high.

Hence, many prefer to buy from Customs auctions, because the cars auctioned are generally bought for personal use before they faced impoundment.

Many different brands of cars are available at the NCS auctions. Cars are sold on an “as is” basis. The NCS does not offer any kind of guarantee for cars sold through its auctions.

Nigeria Custom Auction Cars in Lagos

Lagos has a unique position as far as Customs auctions are concerned. Since the country’s biggest and busiest sea-port is located in Lagos, the Customs service in Lagos is also one of the largest and busiest.

Lagos also used to be the location of the NCS’s offline auctions in the past. Now, like the rest of the country, the residents of Lagos need to register on the dedicated auction site to gain access to auctions and auction cars for sale in Lagos.

Custom Auction Cars for Sale

Customs Top 10 Brands Auction Cars for Sale in Nigeria 

Before buying cars for auction in Nigeria, make sure you understand its pros and cons. Business is inherently risky, and the serious commerce of buying and selling cars via the auction system is itself not exempt. 

Below are the top 10 brands of auction cars for sale in Nigeria.

1.Toyota Corolla

2. Toyota Camry

3. Honda Accord

4. Toyota Sienna

5. Volkswagen Golf

6. Range Rover Sport

7. Lexus RX and ES 350, 330, 300

8. Toyota Venza

9. Mercedes-Benz G Class and C Class

10. Toyota Highlander

Other Customs Brands Auction Cars for Sale in Nigeria include:

11. Toyota Rav4

12. Kia Rio

13. Toyota Avalon

14. Ford Explorer

15. Honda Pilot

16. Ford Edge

17. Toyota Prado

18. Acura MDX

19. Toyota Hiace Bus

20. Dyna Truck

21. Mack Truck

22. Man Diesel 23. Van (pick up) And so on.

We believe this information on Custom Auction Cars for Sale in Nigeria is helpful to you? Why not share it with your friends out there by clicking on the share button on this website.

Also, you can as well subscribe to be updated for further information concerning this topic.

CSN Team.

Enter your email address:

Delivered by TMLT NIGERIA

Join Over 3,500 000+ Readers Online Now!


=> FOLLOW US ON INSTAGRAM | FACEBOOK & TWITTER FOR LATEST UPDATES

ADS: KNOCK-OFF DIABETES IN JUST 60 DAYS! - ORDER YOURS HERE

COPYRIGHT WARNING! Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgement. All contents are protected by DMCA.
The content on this site is posted with good intentions. If you own this content & believe your copyright was violated or infringed, make sure you contact us at [[email protected]] to file a complaint and actions will be taken immediately.

Tags: , , , , , , , , , , , ,

Comments are closed.

%d bloggers like this: