So, we're selling our car here. Here are some interesting facts about selling your car in Cameroon...
THEY set a value when it comes in to the country (for our car, they said it was worth 10,000,000 fcfa which is about $20,000 USD. Where they came up with that number for a 1997 Honda Odyssey, I'll really never know!)
Customs taxes are 57% of THAT value. (The 57% customs tax was instituted by a previous minister who is now in prison...I wonder why?...and they haven't gotten around to changing that particular law yet...)
So, for someone here to buy our van (that we paid $5,500 USD 4 years ago) it would cost them roughly around 15,700,000 fcfa or around $35,000 USD. Hunh. Talk about going up in value! (And, no, we're not selling it for that much. We wouldn't feel good about making a serious profit off a car that really isn't worth that much! No matter what 'they' say the car is worth...)
Now you can all go home and smile at your cars, knowing that you really did get a good deal after all! :)
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