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Car Market Glossary

Every term you need to buy or sell a car — from Tokunbo and duty paid to chassis numbers, Ladipo pricing, and pre-purchase inspections. 55 terms and growing.

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1 term

A

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B

7 terms

C

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Certificate of Ownership

A Certificate of Ownership (also called "C of O" in some contexts, though technically distinct from land documents) is the primary document that proves legal ownership of a registered vehicle in Nigeria. For cars, the equivalent is the Vehicle Licence and the official change-of-ownership papers.

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Clearing Cost

Clearing cost is the total amount paid to import a vehicle into Nigeria through an official port of entry. It includes customs duty, port charges, agent fees, and other levies. It is distinct from the purchase price of the vehicle abroad.

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CMRIS

The digitized police clearance certificate managed by the Nigeria Police Force to track vehicle data and verify ownership, currently required during routine highway law enforcement stops.

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Comprehensive Video Walkaround

An unedited, continuous video showcasing the exterior, interior, engine bay, and undercarriage of a vehicle, complete with the engine running.

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Converted Right-to-Left

A vehicle originally manufactured as Right-Hand Drive (RHD) for markets like the UK or Japan, which has been mechanically modified to Left-Hand Drive (LHD) for Nigerian roads.

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Copart Accidented

A vehicle purchased from a foreign salvage auction (like Copart or IAAI) with prior damage, imported into Nigeria, and repaired locally for resale.

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Customs Alert

A Customs Alert is a digital flag or restriction placed on a vehicle's profile within the Nigeria Customs Service electronic system, typically triggered by underpaid import duties, fraudulent clearance papers, or suspected smuggling.

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Customs Allocation Paper

A document claiming a vehicle was legally acquired through an official Nigeria Customs Service auction. Often used as a cover for smuggled or stolen vehicles.

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Customs FOU Interception

The halting or impounding of a vehicle by the Federal Operations Unit (FOU) of the Nigeria Customs Service due to suspected duty evasion.

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Customs Under-Declaration

The illegal practice where an importer or clearing agent deliberately alters vehicle valuation metrics at the port to pay lower import duties, leaving the eventual buyer exposed to future vehicle seizure.

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3 terms

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4 terms

G

1 term

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1 term

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1 term

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1 term

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2 terms

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1 term

O

2 terms

P

3 terms

R

2 terms

S

4 terms

T

2 terms

V

3 terms

W

1 term