How to buy and sell used cars in Nigeria with ZERO CAPITAL.

3 Jul

The idea of car dealership in Nigeria is lucrative especially if you are considering the idea of buying and selling used cars.

” How to buy and sell used cars in Nigeria with ZERO CAPITAL.

The idea of car dealership in Nigeria is lucrative especially if you are considering the idea of buying and selling used cars.

 

 

How to buy and sell used cars in Nigeria with ZERO CAPITAL.

 

The idea of car dealership in Nigeria is lucrative especially if you are considering the idea of buying and selling used cars.

If you are in the United States of America and looking for a good and harmless business you can start back home in Nigeria, buying and selling of used cars should be on top of your list.

Why?

1. Nigeria is and will always be a big market for cars, both used and new ones. For God’s sake Nigeria is about a population of over one hundred and seventy million (170 million) with almost everyone working hard towards owning his/her own car, and car owners are equally working to get additional new ones or change the ones they are currently using. That is Nigeria for you.

2. As a matter of fact, the Government of Nigeria are busy banning the use of Okada (motorbike) in most states of the federation, it has now become a necessity to own a car in Nigeria because of this present situation.

3. The profit margin in car business is very encouraging.

Let’s look at what is required to do a used car business online or offline.

The common thought that a big capital is needed to do a used car business is incorrect. You can become a used car dealer without a capital of your own.

 

See the key things required:

 

  1. A plan
  2. Good marketing Skill
  3. Knowledge
  4. Integrity. Yes, Honesty. That is getting people to know that you will stand by your word.

Secondly, just understand that you can buy and sell used cars regardless of the country you live. Whether you are in U.K. United States, Singapore, Ghana, Nigeria… wherever you can buy and sell used car
For Nigerians living abroad, this is one of the smartest way of transferring your money back home instead of direct money transfer that may cost you some charges and put you in danger of money laundering in both ends.

Use the money you wants to send back home to buy cars and ship to Nigeria, have a trusted person sell it for you and deposit the money into your bank account! In doing this, you will even see yourself in another line of business completely and another stream of income entirely.

For example, Toyota Camry is one of the fastest selling cars in Nigeria due to it’s efficient fuel consumption. It moves so much that you can sell the car within weeks of landing it, though it may stay for months sometimes but when you finally sell, you are sure of minimum profit of N500,000.

 

List of Online Auto Auction Sites

  1. Copart, Manheim,
  2. eBay Autos,
  3. AutoTrader.com,
  4. Yahoo Autos
  5. IAAI.

After making a choice, you can then forward the link of your desired vehicle to a reliable shipping and clearing agent to help you handle the importation and clearing from the customs.

Auction Export is an established car import, shipping and clearing company that can help you handle car importation if you are based in Nigeria.

Most times, vehicles are pre-ordered from the U.S with the buyer’s money. This proves the fact that money is not the most important prerequisite to buy and sell used cars, integrity is.

How do you buy and sell used cars online for a profit even if you have no money?

 

 

PRE-ORDER WITH THE BUYER MONEY

 

Before a buyer can trust you to the point of giving you their money for pre-ordering, you must get your house in order.

 

– Get a Ship Entry Notice (SEN) from the Operations Department of Nigerian Ports Authority (NPA)

– Obtain your Bill of Lading from the shipper (This document would details of the ship and its

–  cargo)

– After this Bill is forwarded to NPA (Nigeria Port Authority), a Bill of Entry is given to you.

–  Register the Bill of Entry with the Nigerian Customs Service

–  Go to the shipping company to collect your goods

–  When they check your Bill of Lading, a Delivery Order (D.O.) is issued to you.

–  Submit this Order after filling it.

–  Visit the delivery point and wait for your cargo after paying the required fees.

 

Import Duty Taxes When Importing Into Nigeria
To get a list of duties that each model and brand of vehicle attract when they land in Nigeria, visit the official site of Nigeria Customs Services https://www.customs.gov.ng/Tariff/index.php. To get cheap and affordable importation and clearing rates, visit this thread on Nairaland. – See more at:http://www.practicalbusinessideas.com/2015/01/car-import-business-ship-cars-from-usa-uk-japan.html#sthash.BW1vEs8j.dpuf.

 

Good Luck!”

Original article