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Nigeria Customs Auction Cars 2021 See How to Buy NCS Auction Cars

Filed in Articles by on April 2, 2021

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Do you know that the Nigeria Customs service also auction cars? How do I buy auction cars in Nigeria? However, How to buy auction cars in Nigeria, especially those from Nigeria Customs Service is not an easy task.

Hence, for you to be in safe hands when you want to buy any car let the Nigerian customs service handles that for you. Read through for more information on Nigeria Custom Auction Cars 2021 and How to Buy NCS Auction Cars.

Nigeria Custom Auction Cars 2021 See How to Buy NCS Auction Cars

About Nigeria Custom Auction Cars

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.

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.

Also, 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.

The Nigerian Customs Service

Before going into details about Nigeria customs auction cars. 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.”

Nigeria Customs Auction Cars 2021 See How to Buy NCS Auction Cars

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.

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.

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/

How to Get Auction Cars in Nigeria

With the growing popularity of car auction in Nigeria, cheap used cars for sale in Nigeria may also be bought via auctions.

Getting auction cars in the country is as simple as logging onto a car auction website like the Nigerian customs auction website and placing a bid.

Apart from the Nigerian Immigration Service run site, other online car sites exist in the country. But then, the most reliable has proven to be the Nigeria Customs Service’s auction operations.

Scroll down and you will find how to buy cars from Nigeria Customs Service auctions.

Risks Involve 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.

Nigeria Customs Auction Cars 2021

How to Buy Custom Auction Cars in Nigeria

As mentioned earlier, the Nigerian customs e-auction operation is probably the most reliable in the country. Many who have gone this route in Nigeria have come away with varying degrees of satisfaction.

Naturally, there are not so happy tales, especially concerning the infamous number 9 of the site’s terms and conditions.

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.

In fact, many potential shoppers would deliberately hoard cash intended for purchases until these auctions came along.

See Easy Ways to Buy Custom Auction Cars

The following process and notes enable you to participate and claim a car via Nigeria Customs’ auction system:

  1. Each auction applicant needs to register on the website prior to bidding. The applicant needs to have a Tax Identification Number (TIN) from the Federal Inland Revenue Service (FIRS). Each applicant must, in addition, attach an active e-mail address with their registration.
  2. The Applicant then pays a fee of One Thousand Naira (₦1,000) as non-refundable process fees.
  3. The applicant can then place a maximum of two bids for each auctioned item. The highest bidder wins.
  4. Applicants must note that items auctioned are done so on an “as is” basis. That being the case, the NCS does not accommodate requests for replacements of faulty or damaged items. Refunds are also not made by the Nigerian Customs.
  5. You are expected to pay the full amount of your successful bid no later than 5 working days after the conclusion of the bid process. Failing to claim the auctioned car by the full payment before the end of the fifth working day automatically results in a loss of the bid. The auctioned item then goes to the number 2 highest bid.
  6. Having paid the full bid amount, you will be given 14 days maximum to take possession of the car. You need to know that additional charges may apply at this point.

Cars not removed by the expiration of the deadline once again become NCS property and may undergo another bid session. Funds thus lost are not refundable.

As stated earlier, the NCS specifically warns that “ for overtime cargo, the successful bidder shall in addition pay 25% charges for Shipping Line and Terminal operators respectively”.

Further Ways

7. Each applicant cannot bid on more than 2 auctioned items for any single bid session.

8. In order to claim successful, fully paid for auctioned cars, you will need to present the following:

  • A copy of the paid assessment and bank receipt (this is optional if you made an e-payment).
  • If the bidder cannot appear himself, a notarized letter is necessary before a proxy can be given the car. You need to make sure your uploaded photo matches your photo ID.
  • You will need to provide a valid ID, which can be any Driver’s license, International passport, National ID card, or PVC (Permanent Voter’s Card).

9. – Each auction window lasts for two days or Forty-eight hours. All bids must be placed during this period.
10 – Third-party claims shall not be entertained.
11 – Officials and employees of the Nigeria Customs Service may not participate in auctions organized by NCS.
12 – You may not bid for a car or other goods impounded or seized from you by the Nigerian Customs.
13 – You may bid on an overtime cargo if you are the owner as long as it has not been cleared out of the premises. In that case, the owner will have priority over any other successful bid.

Finally, buying auction cars in Nigeria can be a profitable exercise with the right information, guidance, and action steps.

Also, share with us your take on Nigeria Customs Auction Cars in the comment section. However, please share this post with friends and relations using the share button below. You can as well subscribe to be updated for further information concerning this topic.

CSN Team.

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