Cars importation from the USA is one of the many lucrative business one can venture into in Nigeria most especially if you are in the US and have been thinking of a business to do in Nigeria.
The market for cars is very abundant in Nigeria as it is the dream of every Nigerians to own a car be it used or new. Nigerians likes cars a lot and irrespective of their status it is every families dream to own a car of their own.
In this article, I’ll be sharing with you how you can key into the business of car importation online and start making cool cash from the comfort of your bedroom.
Source for the car you want to buy
The first thing you need to do is to get a source where you will be importing your cars from. This sourcing can be easily done online.
Now let me tell you a secret, 90% of car dealers in Nigeria buy their cars from auctions websites. The reason is because auctions websites sales used cars (mostly accident cars) at a very cheap price and because dealers are out there to make profits they preferred to go with auction cars.
You can find below some of my trusted car auction sites
1. IAAI.COM: This is my favourite car auction website where I do source for cars. Cars on this website are relatively cheap. Dealers here upload enough pictures that can help give you detailed view of the car physical condition.
2. AUCTIONEXPORT.COM: This is one of the bigger car market place we have on the internet. On this website you can get good details on the type of car you want and at relatively cheap price.
Other car auction websites are ebay.com/Autos, autotraders.com
Cars purchase on auction sites are done through a bidding process (I believe you understand this). Though there are some cars you see at ‘I BUY FAST’ which does not require bidding.
Once you are able to win a bid successfully then you can proceed to payment.
Making payment for car on most of these car auction sites is done through bank transfer. If you are dealing with a dealer for the first time you can request for a escrow services in other to be on a safer site.
Once you’re able to make payment successfully, your dealer over there will handle the shipping from his own port of loading to your own port in Nigeria. Before the arrival of your vehicle, he will send a shipping document called ‘Bill of Lading’. This bill of lading is what you are to present to your custom licensed clearing agent which he will used in processing the clearing of the vehicle from the seaport once its arrives the country so as not to keep accumulating demurrage charges.
Please Note that clearing charges depends on the type and year of the car you imported. Latest cars require high clearing charges than old model cars. For instance a 2015 Toyota Camry will cost like N2,000,000 to clear while 1999 model will cost like N400,000.
The process of cars importation from the US can be easier if you have someone over there as he will handle the buying and the shipment while you handle the clearing and the sales over here.
If you don’t have a resident in the USA no problem you can handle everything by yourself or better still contact me and let me handle the buying and the shipment while we share the profits.
For further details and clarification please drop your comment at the comment section below.