Buying an auction car in Nigeria, especially a car from Nigeria Customs, is not easy. We provide safe guidance to navigate these waters safely and smoothly. As mobility needs grow in urban areas of Nigeria, the demand for all types of vehicles continues to grow.
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Part of this demand is the result of business activity in Africa’s largest economy, demonstrating population growth expected to reach 200 million by 2020, which has been successfully achieved. It has been. There are many ways to buy a car in Nigeria, and auctions are one of them. Buying an auction car in Nigeria has never been easier. Auction cars are vehicles sold at auction
How to get auction cars in Nigeria
They are purchased through auctions. Getting an auction car in this country is as easy as logging into a car auction site like the Nigerian Customs Auction Site and placing a bid.
In addition to the Nigerian Immigration Service website, there are other online automotive websites in the country. Examples include surestbid.com, auctionexport.com, and ttrepairables.com.
However, Nigerian Customs auction operations have proven to be the most reliable method. Scroll down to learn how to buy a car at the Nigeria Customs Service auction.
Risks of buying an auction car in Nigeria
Before buying a car at auction in Nigeria, make sure you understand it inside and out. Business is inherently risky, and the serious deal of buying and selling cars through the auction system itself is no exception. The risks are: giving money to a website without a background check is silly. Always do your due diligence.
Fake Customs Brokers are very constant. It’s always refreshing to read about the arrests of people posing as customs officers to auction off everything from cars to rice bags. NCS does not deal personally with citizens, and all auction activity is conducted through the provided web portal.
Payment Issues are one serious point. Payment barriers continue to prevent many Nigerians from effectively engaging in e-commerce, especially when it comes to online auctions. However, this shows some improvement.
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 uncleared goods. These goods, including automobiles, machinery, food, and many other imported goods, were regularly sold to the public on a high-bid basis known as auctions.
These auctions were usually announced in newspapers to provide the public with adequate advance information. Nigerian customs auctions are usually attended by a wide range of Nigerian citizens.
In fact, many potential buyers intentionally set aside cash for their purchases until these auctions took place. After widespread false allegations by people posing as customs brokers and organizing illegal customs auctions, effectively fleeing the unsuspecting public, the NCS (Nigeria Customs Service) has made a decision. Customs e-auction setup
This website regulates all auction activities for Nigerian Customs. You can participate in the Nigerian Customs Auction System and claim your car by following the steps and instructions below.
Each auction bidder must register with the website before bidding. Applicants need a Tax Identification Number (TIN) from the Federal Internal Revenue Service (FIRS). Each applicant must also include a valid email address during registration.
The applicant will then pay a non-refundable fee of ₦1,000 (1,000). Applicants may submit a maximum of two bids for each item put up for auction. The highest bidder wins.
The applicant should note that the item being auctioned is “AS IS.” As such, NCS does not consider requests for the replacement of defective or damaged items. No refunds will be made by Nigerian Customs.
Full payment of the winning bid is due within 5 business days after the bidding process ends. If an auctioned car is not paid in full by the end of his five working days, this automatically leads to a loss of bid and the auctioned item goes to his second highest bidder. will be
After paying the full bid amount, he has a maximum of 14 days to collect the car. You should be aware that additional charges may apply at this time. For example, Clause 8 of the auction site’s terms and conditions states that 25% of the winning bid must be paid in arrears, and an additional 25% must be paid to the shipping company.
If the car is not removed from the campsite within 14 days of the bidding session, it will automatically expire. Vehicles not removed by the deadline revert to NCS ownership and may be offered again. Funds lost in this way will not be refunded.
As already mentioned, NCS expressly warns that “for overtime cargo, the winning bidder must pay a surcharge of 25% to the shipping line or terminal operator.” Each bidder may not bid on more than one auction item in a single bidding session.
To successfully claim full payment for an auctioned car, you must provide the following:
If the bidder cannot appear in person, a notarization is required before the vehicle can be handed over by the agency. You need to make sure the photo you upload matches the photo ID. You must present a valid ID such as a driver’s license, international passport, national ID card, or PVC (Permanent Voter Card). Each auction window lasts two days or 48 hours. All bids must be submitted during this period.
Nigerian Customs officers and employees are not permitted to participate in auctions sponsored by NCS. You may not bid on vehicles or other items that have been confiscated by Nigerian Customs. If you are the owner, you can bid after hours as long as you have not vacated the property. In this case, the owner takes precedence over all other winning bids.
Conclusion
Buying an auction car in Nigeria can be profitable with the right information, guidance, and action steps. Before you enter the auction, please consult others who have purchased an auction car from these sources. Please read all policies and references. You can get a worthwhile used car or lose money due to inexperience.
2 Comments
I want to buy a car but I don’t have TIN and FIRS, what can I do?
What is biding?