Used Cars Price in Nigeria 2024

As it turns out, Nigeria is one of the biggest markets for used cars as people who wish to own a personal car look for alternatives to the brand new versions.

Used cars are relatively cheaper and some are quite durable which are some of the reasons why they are popular in the country.

In price comparisons, used cars are almost 50% cheaper than brand new versions. Although this would depend on a number of factors, they are a more affordable option for the average Nigerian man and that is why they are most preferred.

This article is a review of the prices of used cars in Nigeria. It also contains a comprehensive guide and things to consider when settling for a fairly used car.

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Types of Fairly Used Cars in Nigeria

It is worthy to note that there are two types of used cars in Nigeria and this is one of the factors that will affect the price of the car you settle for. They include the foreign used also known as tokunbo and the locally used versions. They are different in a way but have a lot of similarities.

Tokunbo (Foreign Used) Cars

Foreign used cars are vehicles that have been used outside the country before being shipped to Nigeria for sale. This means that any vehicle that has been priorly used out of the shores of Nigeria is a foreign used vehicle.

Generally, these vehicles are more expensive than locally used cars as they are more durable and are less likely to develop lots of faults or require lots of maintenance in the long run. They are the more preferred choice even though they are more expensive.

Locally Used Cars

Locally used cars, on the other hand, are vehicles that were bought brand new and used in Nigeria before being sold. You can also say that they are vehicles which were bought as foreign used cars and then used for a period of time in Nigeria before being sold.

Locally used vehicles are mostly cheaper than foreign used ones and this is because they have lost a lot of quality and value and depreciated during the period of use.

Most locally used vehicles are poorly maintained and will likely develop faults easily. As it is, they are the best option for those who are in a tight budget. But they are not likely to give you the value of your money. However, you might be fortunate to come across a durable locally used vehicle.

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Prices of Fairly Used Cars in Nigeria Market Today

Below is a comprehensive list of the prices of various brands and models of foreign used and locally used cars in Nigeria.

Toyota RAV4 SUV Price in Nigeria

Locally Used (2015 and above) N5 million to N18 million
Foreign Used (2015 and above) N6 million to N20 million

Toyota Corolla Price in Nigeria

Locally Used (2015 and above) N3 million to N8 million
Foreign Used (2015 and above) N5 million to N11 million

Toyota Highlander Price in Nigeria

Locally Used (2015 and above) N8 million to N17 million
Foreign Used (2015 and above) N10 million to N19 million

Toyota Hilux Pickup Price in Nigeria

Locally Used (2015 and above) N7 million to N14 million
Foreign Used (2015 and above) N8.5 million to N15 million

Toyota Hiace Bus Price in Nigeria

Locally Used (2015 and above) N10 million to N16 million
Foreign Used (2015 and above) N12 million to N18 million

Toyota Sienna Minivan Price in Nigeria

Locally Used (2015 and above) N5 million to N10 million
Foreign Used (2015 and above) N7.5 million to N12 million

Toyota Camry Price in Nigeria

Locally Used (2015 and above) N5 million to N10 million
Foreign Used (2015 and above) N6 million to N11 million

Toyota Land Cruiser/Prado SUV Price in Nigeria

Locally Used (2015 and above) N10 million to N22 million
Foreign Used (2015 and above) N14 million to N22 million

Toyota Venza Price in Nigeria in Nigeria

Locally Used (2015 and above) N10 million to N14 million
Foreign Used (2015 and above) N12 million to N14 million

Toyota Avalon Price in Nigeria in Nigeria

Locally Used (2015 and above) N6 million to N14 million
Foreign Used (2015 and above) N8 million to N16 million

Toyota Avensis Price in Nigeria in Nigeria

Locally Used (2015 and above) N10 million to N13 million
Foreign Used (2015 and above) N11 million to N15 million

Toyota Yaris Price in Nigeria

Locally Used (2015 and above) N4 million to N7 million
Foreign Used (2015 and above) N4.5 million to N9 million

Kia Rio Price in Nigeria

Locally Used (2014 and above) N1 million to N4 million
Foreign Used (2014 and above) N3 million to N6 million

Kia Optima Price in Nigeria

Locally Used (2014 and above) N4 million to N8 million
Foreign Used (2014 and above) N5 million to N10 million

Kia Picanto Price in Nigeria

Locally Used (2014 and above) N1.2 million to N3 million
Foreign Used (2014 and above) N1.5 million to N5 million

Kia Sportage Price in Nigeria

Locally Used (2014 and above) N3 million to N8 million
Foreign Used (2014 and above) N4 million to N10 million

Hyundai Elantra Price in Nigeria

Locally Used (2014 and above) N4 million to N8 million
Foreign Used (2014 and above) N5 million to N9 million

Hyundai Accent Price in Nigeria

Locally Used (2014 and above) N1.5 million to N3 million
Foreign Used (2014 and above) N2 million to N4 million

Hyundai Sonata Price in Nigeria

Locally Used (2014 and above) N3 million to N9 million
Foreign Used (2014 and above) N4 million to N11 million

Hyundai Genesis Price in Nigeria

Locally Used (2014 and above) N4 million to N12 million
Foreign Used (2014 and above) N5 million to N16 million

Hyundai Santa Fe Price in Nigeria

Locally Used (2014 and above) N4 million to N11 million
Foreign Used (2014 and above) N5 million to N13 million

Hyundai Tucson Price in Nigeria

Locally Used (2014 and above) N4 million to N9 million
Foreign Used (2014 and above) N5 million to N11 million

Hyundai ix35 Price in Nigeria

Locally Used (2014 and above) N4 million to N8 million
Foreign Used (2014 and above) N5 million to N10 million

Peugeot 406 Price in Nigeria

Locally Used versions (2000 to 2004) N450,000 to N600,000
Foreign Used versions (2000 to 2004) N1.3 million to N3 million

Peugeot 407 Price in Nigeria

Locally Used versions (2004 to 2010) N700,000 to N2 million
Foreign Used versions (2004 to 2010) N2 million to N4 million

Peugeot 408 Price in Nigeria

Locally Used versions (2013) N6 million

Honda Accord Price in Nigeria

Locally Used versions N1 million to N3 million
Foreign Used versions N2 million to N4 million

Mercedes 4matic Price in Nigeria

Locally Used (2015 and above) N8 million to N13 million
Foreign Used (2015 and above) N10 million to N15 million

Lexus ES350 Price in Nigeria

Locally Used (2012 and above) N5 million to N10 million
Foreign Used (2012 and above) N7 million to N13 million

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Ultimate Guide to Buying a Fairly Used Car in Nigeria

Buying a used car in Nigeria is a hassle and will require lots of toughness and sharpness or you might take home a faulty car with the joy that you have spent your money on something that will serve you for a while. You need to be careful as many used car dealers are dubious and will want to do away with faulty cars in their arsenal to unknowing customers. It is important to note that the fact that it is cheap doesn’t mean it is the best option.

1. Note Your Needs

Why you want to buy a car and what you need in a car should tell you the type of car you would need.

If you’re looking for a ride to take to work and still make a fashion statement, a simple Toyota Camry would be what you are looking for. However, if you’re looking for a car that would fit your family, then you should be looking at options like the Toyota Sienna or Nissan Quest.

Another thing to note is the required durability of the car. If you are going to move through tough roads regularly, you’d need a rugged car like the Toyota RAV4 or Nissan Xterra. Businessmen who are looking for a vehicle to transport their goods and wares effectively should consider pick-up truck vehicles like the Toyota Hilux.

This will guide you in picking the perfect car; you can then move on to the next stage.

2. Create Your Budget

Before saving or taking a loan to purchase a used car, you should have a car in mind and the amount you are willing to spend on the car. At this stage, you need to state the amount you are willing to spend. And while looking through a price list, you can decide if you will be able to afford such a vehicle.

Remember to pick a vehicle within your budget to ensure you are able to maintain and afford the running costs of the vehicle.

3. Dig Deeper

You have the features you need and the budget, now is time to research and find out which car brand is the best for you. While car brands like Toyota and Mercedes dominate the Nigerian roads, you may want to talk to a car expert to know which car brand is the best when it comes to used cars.

You can also look for information such as the maintenance and running costs of the vehicle you wish to purchase. Move on to the next stage if you feel good with the information you have at hand and feel like you are ready to make that purchase.

4. Start Exploring

With your budget and preferences in mind, you can begin exploring car markets for the car you wish to buy.

When buying brand new models you wouldn’t need to take much look into the cars and simply have a test run as the warranty of the car could cover any fault it develops afterward. But in the world of used cars, there is no such thing as a warranty. So, you have to be smart and take note of every detail.

It is strongly advised you take with you an engineer or roadside mechanic, when exploring, to check and inspect the entire parts of the car. Keep an open mind and don’t quickly choose any car you come across just because of the looks.

Also, be wary of the car dealers as they are ready to market a faulty car to you just to get it off their showroom. Ensure you test-run the car with the engineer or mechanic inside and listen for any strange sound from the engine and transmission.

Take every fault you find seriously because you will likely be spending a lot of money just to fix it if you overlook it.

5. Finalize Your Purchase

When you have found your preferred car, it is time to finalize the purchase and take it home. There are several car documents you will need to collect. Ensure you know them all and check if they are all correct and complete before finalizing the purchase. This will reduce the chances of you buying stolen vehicles and also being held by law enforcement officers while driving.

Where to Buy Fairly Used Cars in Nigeria

Car Dealers

You can choose to purchase your used car from used car dealers. There are very many private car dealers spread all over the country and it should be easy for you to locate them no matter where you live. However, you might not be able to get the type of car you want and that is why you should first consider the Apapa auto market in Lagos (if possible) because it is the largest car market in Nigeria. You will surely find any used car of your choice in this market including foreign and locally used versions.

Online

You can also purchase your used car from online car listing sites like Jiji.ng, Olx.com, and Cheki.com.ng. These sites offer a large variety of vehicles and you are likely to find the car of your choice there. Ensure you follow the safety precautions listed above to enable you to buy a car that is worth your money.

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