Learn How To Buy And Import Cars Directly From U.S.A Auctions - Autos - Nairaland
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| Learn How To Buy And Import Cars Directly From U.S.A Auctions by valobikwere(m): 5:40pm On Oct 31, 2019 |
Hi Guys! I started this class on a telegram group but didn't continue it due to some time related issues. I figured I should share some of the lectures here and also help interested dealers looking to go into the importation of cars! This is the first class on this and I’m excited to have everyone one of you guys here. I truly appreciate your interest in this class and I’m very positive that this class will be very insightful. Some of you guys here might be wondering why you should learn more about car importation. Well, it’s a very profitable industry once you’re experienced and once you have established a client base of buyers. Both are actually possible to achieve in the long run, as long as you’re consistent and don’t give up. To shed more light on how profitable the market is; Nigeria received a total of 1,216,131 used and new vehicles that were imported into the country between 2012 to 2017, bringing us to an average of 243,226 cars yearly , I don’t have the data for 2018 yet. However, in financial amount, it is believed that about $8 Billion worth of cars are imported yearly. Contrary to popular opinion , because I’ve heard a lot of people say they need millions of naira to start auto importation (cars or parts), Another good thing you’d learn from this group is that within a short time you’d see how to start with as low as 500k and be a major auto importer in a few short years! Sounds impossible yeah ? Oh well please stay tuned . �� Today, I will be going through the overview of the course. Simply introducing the processes of importing cars. Each new week, we will talk in detail on each of the processes. This course will also share personal stories / experiences to give more insight on why most of the things I’ll talk about is important. PROPER REGISTRATION AND SETUP Okay so I’d be sharing this personal experience of mine moving back to April 2018, I had finished the clearance of 2014 Mercedes-Benz GL 450 and I was inside the car and waiting for the vulcanizer to put in air on my car tyres. While I was there, a mobile policeman in mufti came and knocked at the window of my car and I rolled down to know what he wanted. He asked me for my drivers license and car papers which I showed him. He complained that the car wasn’t registered and I told him that it was still a brand new car in transit to the car lot where it will be sold. Being a crooked policeman looking for a way to extort me, he demanded that I should provide paperworks to show that I’m a registered auto dealer. Soon, I got to know that they were SARS officials and that they were ready to waste my time and extort me. They kept telling me how I had committed offence by trading a car without being a licensed auto dealer. The whole scenario was annoying and was a complete waste of my time. I quickly learned a lot from it. While doing business in Nigeria, you have to be properly armed to the teeth. Everyone and everything will be working against you and people will be looking for loopholes to use to beat your system and take advantage of you. You can’t let your CAC registration or any local government fee or any document be what they can use to extort you. In this course, we will elaborate more on all forms of registration you need to take care of. SEARCHING FOR AUTOMOBILES Once you’re fully set up and ready to start the business, you have to start searching for the cars or junk cars you intend to dismantle. This depends on what your focus is; this can be either dealing on cars or dealing on parts. In this course, you will learn about where and how you can find cars that you want, things to look out for before buying a car to avoid making costly mistakes that can possibly wreck you. You will also learn more about how car auction works ,when we treat this material, This will be our longest material and we might use 3 or more saturdays to treat it. This is the most important part of the course, Hence why nothing should be left out BUY/BID ON CARS. After you have chosen the car you like, you may go ahead with buying the car. However, before doing so, you will have to know how to properly estimate the entire landing cost of car. Here we will show you how to do this, introduce the various payment options of buying cars in the U.S. How to transfer ownership to make sure the car is yours before you are allowed to ship Etc TRUCKING TO THE SEA-PORT OR THE LOADING YARD Cars don’t magically appear at the port! So yes, in this material, I will show you how to perform this magic. SHIPPING Shipping is a very important and another crucial part of the process too. Here, we will talk about how to find the right shipping agency, what ports to ship from, things to know about shipping and how they will affect your decision in searching for a car to purchase. We will also talk about the 2 major types of shipping and which one is right for you. You will equally learn about the documents to fill out when you’re shipping a car. If there is anything more you wanna know about shipping, feel free to bring it up so I can work on that against the day we will address this. Alternatively, you can ask questions on that day. CLEARING Most dealers run into issues with clearing and it could be as result of them trying to outsmart the system to reduce their total landing cost and make more profit or it could be the cause of greedy clearing agents. After this course, you will know what to look out for before working with a clearing agent, how to ensure the agents doesn’t play a smart one on you or maybe the system. You will understand basically how the entire process of clearing cars work. This will be to your advantage MARKETING I will drop surface based lecture on how to market your car and find buyers. I am not a marketer so it might not be as good as what a marketer would teach. If I’m able to get a marketing person to share more knowledge, I will be happy to do that. SALES AND CONTRACTS Lots of times, customers have threatened dealers with police over a car that was sold to them in poor condition. With this course, I can show you how not to be that dealer that might end up spending a night in a police jail. I’ll share more with you on the importance of having contracts signed with your customers during a purchase. If possible too, I might be including a guest speaker, a lawyer who can handle this part. Thank you guys once again for joining today! I am Tochukwu Obikwere. The Founder/CEO of MAYNARD DB AUTOS LIMITED. If you have any question regarding this class or what I have talked about today, feel free to ask it here! Kindly follow me on twitter www.twitter.com/valobikwere and my business page www.twitter.com/directbelgiumng Instagram: www.instagram.com/valobikwere and business page www.instagram.com/directbelgium Facebook: Tochukwu Valentine Obikwere and business page www.facebook.com/directbelgium 2 Likes |
| Re: Learn How To Buy And Import Cars Directly From U.S.A Auctions by Trustme2(m): 5:47pm On Oct 31, 2019 |
Good one. I am in. Waiting for updates 1 Like |
| Re: Learn How To Buy And Import Cars Directly From U.S.A Auctions by valobikwere(m): 5:49pm On Oct 31, 2019 |
Thank you and I will keep them coming! Trustme2: |
| Re: Learn How To Buy And Import Cars Directly From U.S.A Auctions by paroh137(m): 5:54pm On Oct 31, 2019 |
Nice one. I hope you touch on financial implications of adopting this as a business. 1 Like |
| Re: Learn How To Buy And Import Cars Directly From U.S.A Auctions by polimaf(m): 5:56pm On Oct 31, 2019 |
I'm following this thread  1 Like |
| Re: Learn How To Buy And Import Cars Directly From U.S.A Auctions by Lordwheez(m): 5:56pm On Oct 31, 2019 |
Interesting..... Make I carry Mat Abeg... 1 Like |
| Re: Learn How To Buy And Import Cars Directly From U.S.A Auctions by valobikwere(m): 5:59pm On Oct 31, 2019 |
Sure I will! paroh137: |
| Re: Learn How To Buy And Import Cars Directly From U.S.A Auctions by valobikwere(m): 6:00pm On Oct 31, 2019 |
Thank you! I am thinking of the realistic frequency to which I can update the thread with lessons! Any suggestion? polimaf: |
| Re: Learn How To Buy And Import Cars Directly From U.S.A Auctions by valobikwere(m): 6:01pm On Oct 31, 2019 |
Thank you! I am thinking of the realistic frequency to which I can update the thread with lessons! Any suggestion? Lordwheez: |
| Re: Learn How To Buy And Import Cars Directly From U.S.A Auctions by Trustme2(m): 6:06pm On Oct 31, 2019 |
valobikwere:just keep updating this thread. We will surely get the updates here |
| Re: Learn How To Buy And Import Cars Directly From U.S.A Auctions by Lordwheez(m): 6:10pm On Oct 31, 2019 |
valobikwere: How about.... Say.... Daily... The Whatsapp thingy would've been cool too tho.. |
| Re: Learn How To Buy And Import Cars Directly From U.S.A Auctions by paroh137(m): 6:48pm On Oct 31, 2019 |
Lordwheez: No I think this is better. Easy reference in case you miss something or you wanna refer to a lesson. |
| Re: Learn How To Buy And Import Cars Directly From U.S.A Auctions by polimaf(m): 7:32pm On Oct 31, 2019 |
valobikwere:Once a week is okay... |
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