Accidented, or salvaged cars are now becoming as popular as Tokunbo cars in Nigeria. Those cars typically come from the United States, where they have been through minor accidents and are sold on online auctions. You can participate in the auction as an individual, but the process is much easier and streamlined when you are working with a professional agency. Here is the cost of clearing accidented cars in Nigeria in 2021.
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1. Why should you go for an accidented car?
The idea of buying a car that has been in an accident seems counterintuitive, but it actually has several big benefits for the prospective buyer. Most importantly, you get to buy a newer car with more advanced features than the one your budget could afford when shopping for Tokunbo or Nigerian used cars.
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When a car has been in an accident in the United States, it can be cheaper for the owner to sell it through an auction and buy a new one than to repair it. Those cars are usually no more than 10 years old and even with all the fees that you need to pay, they often turn out to be cheaper than you imagine.
2. The risks of buying an accidented car
Essentially, there is only one risk you face when buying an accidented car from overseas – the risk of buying a car with far more serious damage than you initially thought. In that case, the repair can cost you far more than you planned and the price of the vehicle will skyrocket.
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Since you will be purchasing the car from a different country and even a different continent, you won’t be able to physically assess it before it lands in Nigeria. That is why you need to carefully study the car documents, check its accidents history, and preferably get a trusted agent who can evaluate the car before you make any payments for it.
3. The cost of clearing an accidented car in Nigeria
At the moment, there is no specific procedure for clearing an accidented car in Nigeria, so when your car arrives in the country, you will need to go through the same steps and pay the same clearance price as you would with any Tokunbo vehicle.
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Until recently, the price of clearing the car was calculated according to a complex formula that took several factors into account. Today, however, the fee is the same for all vehicles imported in Nigeria. When importing an accidented car in Nigeria, you will need to pay a fee of 35% of the cost of the vehicle plus an additional levy of 35%. In total, clearing a car will cost you 70% of the car’s price, so you need to weigh all the pros and cons before making the final decision.
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