Man Buys Cheap Hyundai Car for N443k in UK, Resells It for N1.8m, Pockets Profits

• A man who bought a cheap second-hand car in the UK has made a video of how he cleaned and serviced it
• After he was done putting the vehicle in great shape, he listed it for £1950 (N1,921,555.75) before he was given £1850 (N1,822,998.70)
• Many people who saw the massive profit he made off the car told him the exact vehicle was worth more in their countries

A smart businessman made a video to show the Hyundai 2010 model car he saw online and bought for £450 (N443,432.12).

He revealed in the TikTok clip that his intention for buying was to resell it at a greater value. At purchase, the car had only done 89,000 miles.

Cheap Tokunbo cars

The man (@RamsEdres) noticed that there were scratches on the car. The vehicle also needed deep cleaning as the interior looked dirty.

He serviced the car and changed the two front tyres for £30 (N29,563.07). After washing the car, the man polished the headlights himself.

Other expenses were: full service - £180 (N177,354.81), Insurance - £9 (N8,868.92). Road tax - £35 (N34,490.25). He paid his friend £30 (N29,563.07) for helping him. After selling the car for £1850 (N1,822,998.70), he said his profit was £1000 (N985,258.30).

Watch the video below:

Legit.ng compiled some of the reactions below:

Christopher Hope asked:

"Couldn't get the scratch out? Would it have added anything to the value?"

K13ran55 said:

"£1800 for that with 80k miles is crazy."

Lewis Adamson said:

"2 Tyres for £30 good luck to the new owner when it rains."

Van.Storek said:

"Sell it in algeria for 100x 5000$ maybe."

Nidal.bendjem said:

"In my country she worth $5000."

Bnrguer said:

"It only costs 450£, in my country these small car goes for 4k£ and up."

pudding and custard said:

"As a tax inspector this is interesting."

Arap Tanui said:

"In Kenya it would have been 2500 pounds."

AnnabellA advised:

"Top tip: use polish liquid on the scratch let sit for a minute and then use a dry clean cloth and start rubbing in the same area scratch comes out!"

Man displays cheap cars abroad

Meanwhile, Legit.ng earlier reported that a young Nigerian man based abroad shared a video showing some "big men" cars that sell for N1.6m in a foreign country.

Many were surprised to see brands like Benz, Nissan, and Honda - cars that go for millions of naira in Nigeria.

Family converts school bus into expensive flat

In other news, to save money, a family, @roamwithbus, decided to buy an old school bus and convert the vehicle into their home. It took them many hours to see it to completion.

After paying $4,500 (N2,009,835) for the vehicle, they got to work. The mother in the family stated they spent $1,250 (N558,287.50) on outside materials like paints.

Source: Legit.ng