Nigeria has been trying to buy cars through the ‘fafsa car lottery’ for some time now. It was first introduced in 2002 and is administered by the fafsa.
They have about 1.6 million eligible applicants each year, and are open to the public. They need to match the applicant with an eligible financial support. If you’re not eligible, you’ll have to pay the price of your car under the lottery. We’re not sure how much the car is worth, but a 2014 F-TYPE G3 was listed at R100,000.
You may also qualify if you have a second job and you own a second hand car.
How many vehicles are eligible for the lottery each year?
So if you’re eligible for it, you can buy as many cars as you like. There are three categories of applicants, one for each category of eligible vehicles.
Category 1: First-time buyers (new car)
Category 2: Foreign buyers (for car purchase overseas)
Category 3: Motorised vehicles (including small cars) (other than those for private use).
How do I know which category I’m in?
It’s pretty simple – there are numbers on a map that show how many cars are eligible for each category. Just click on the car of your choice and a page will appear with all the eligible cars in those categories available.
A car for sale without a car slot will be listed at a lower price. So if you’re in category 3, a second-hand car you can’t afford will appear at much higher prices.
How much will the car cost?
The lottery is administered by the government and the price varies wildly. According to the government, the average car costs around R60,000. We don’t know how much each car costs, but as per our own reporting it’s about R200,000.
How will you determine who’s eligible?
As you can see by using this chart, the government decides by lottery, but they have several criteria to ensure the lottery is fair and equitable.
The lottery only allows foreign cars, so first-time buyers need to apply through the fafsa if they’re coming from outside Nigeria. If they qualify, they’re allowed to buy a car through the lottery in the country of purchase.
Foreign buyers need to prove they are coming from another country which has their own automobile scheme. In that
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