Are you on the hunt for a reliable car that won’t break the bank? Look no further! CarMart.Africa, Nigeria’s leading automotive marketplace, offers an impressive selection of vehicles from trusted brands like Toyota, Lexus, and Honda—all available for under 1.5 million Naira. Whether you’re a first-time buyer or simply looking to upgrade, CarMart.Africa provides a straightforward, reliable platform to find your next car. Here’s a closer look at some great options and why CarMart.Africa is the best place to buy and sell cars in Nigeria in 2024.
Top Cars Under 1.5 Million Naira
1. Toyota Corolla The Toyota Corolla is a favourite among Nigerian drivers for its reliability and efficiency. With a budget of up to 1.5 million Naira, you can find well-maintained used models that offer exceptional value. Known for its durable build and low maintenance costs, the Corolla is perfect for both city commuting and long drives. Expect a comfortable ride and impressive fuel economy from this iconic sedan.
2. Toyota Camry For those seeking a bit more space and luxury, the Toyota Camry is a great option. Models priced under 1.5 million Naira still offer the Camry’s signature blend of comfort and performance. With its spacious interior and smooth ride, the Camry is ideal for families or individuals who appreciate a touch of sophistication in their daily drives.
3. Lexus RX If you have your sights set on a luxury SUV, the Lexus RX 300 is an excellent choice within your budget. Available for under 1.5 million Naira, this vehicle combines luxury with practicality. The RX 300 offers a plush interior, advanced features, and a smooth driving experience, making it a standout option for those who want a bit of luxury without the high price tag.
4. Honda Civic The Honda Civic is well-regarded for its sporty performance and fuel efficiency. With a budget of 1.5 million Naira, you can find used models that provide a fun driving experience and practicality. The Civic’s sleek design, comfortable interior, and reliable performance make it a popular choice for drivers who enjoy a blend of style and substance.
5. Honda Accord Another great option from Honda is the Accord. Known for its spacious interior and smooth ride, the Accord is available in various models under 1.5 million Naira. It’s an excellent choice if you’re looking for a reliable sedan that offers both comfort and efficiency, making it suitable for a range of driving needs.
We're glad to know you are interested in selling your cars via Carmart.africa!
To sell your items, follow simple steps:
1. Visit our website 👉 https://carmart.africa/sell-car 2. Log in and press “Sell Now”. 3. Fill in all the fields to describe your post. 4. Press “Publish Item”.
Why Choose CarMart.Africa?
1. Extensive Inventory CarMart.Africa features a wide range of vehicles from trusted brands like Toyota, Lexus, and Honda, all priced under 1.5 million Naira. Whether you’re looking for a compact sedan or a luxury SUV, CarMart.Africa’s extensive inventory ensures you’ll find the perfect car to suit your needs.
2. Verified Listings
When you browse CarMart.Africa, you can trust that each listing has been thoroughly vetted. This commitment to verification ensures that you receive accurate information about the car’s condition, history, and pricing, giving you peace of mind throughout the buying process.
3. Competitive Prices
CarMart.Africa is known for offering competitive prices across its entire inventory. With frequent promotions and a focus on delivering value for money, you can find high-quality vehicles within your budget, ensuring you get the best deal possible.
4. User-Friendly Platform
Navigating CarMart.Africa is easy, thanks to its intuitive design and user-friendly search features. You can quickly filter results based on make, model, price, and location, making it simple to find the exact car you’re looking for.
5. Exceptional Customer Support
CarMart.Africa takes pride in providing top-notch customer service. Their dedicated support team is always ready to assist with any questions or concerns you may have, whether you’re buying or selling a vehicle. This commitment to customer satisfaction ensures a smooth and enjoyable experience.
6. Efficient Selling Process
For those looking to sell their cars, CarMart.Africa offers a streamlined and effective platform. With a broad audience of potential buyers and an easy listing process, you can sell your car quickly and at a fair price, thanks to the platform’s wide reach and reputation for reliability.
Conclusion Finding a reliable and affordable vehicle in Nigeria has never been easier, thanks to CarMart.Africa. With a range of Toyota, Lexus, and Honda cars available for under 1.5 million Naira, you can discover the perfect ride that fits your budget and lifestyle. CarMart.Africa’s extensive inventory, verified listings, competitive pricing, and exceptional customer support make it the premier choice for buying and selling cars in Nigeria in 2024. Visit CarMart.Africa today and drive away with confidence in your next car purchase!
Are you dreaming of owning a car but worried about breaking the bank? Look no further! At CarMart.Africa, we’ve rounded up the top 5 budget-friendly cars that won’t empty your wallet, with prices starting from just 1 million naira. Whether you’re a first-time buyer or simply looking for a cost-effective upgrade, these options combine reliability, style, and affordability. Dive into our list and find your perfect ride!
1. Toyota Yaris – From 1.2 Million Naira The Toyota Yaris is a favourite among Nigerian drivers for its reliability and fuel efficiency. Starting at around 1.2 million naira, this compact car is perfect for city driving and everyday commutes. With its modern design and dependable performance, the Yaris is an excellent choice for anyone looking for a practical and affordable vehicle. View Toyota Yaris for sale https://carmart.africa/vehicles/toyota-for-sale
2. Honda Civic – From 1.5 Million Naira If you're after a blend of sophistication and economy, the Honda Civic is a great pick. Priced from 1.5 million naira, this sedan offers a comfortable ride, impressive fuel efficiency, and a reputation for durability. Its sleek design and advanced features make it a popular choice among Nigerian drivers who want both style and substance. View Honda Civic for salehttps://carmart.africa/vehicles/honda-for-sale
3. Lexus ES 300 – From 1 Million Naira The Lexus Es300 is another fantastic option for those on a budget. With prices starting at 1 million naira, this best-selling Lexus sedan combines affordability with a surprisingly spacious interior and modern features. It’s ideal for urban driving and offers a good balance between performance and economy. View Lexus ES 300 for sale https://carmart.africa/vehicles/lexus-for-sale
4. Mercedes Benz C200 – From 1.3 Million Naira Starting at 1.3 million naira, the Mercedes Benz C200 is a versatile luxury and budget-friendly choice. This compact car is known for its agile handling and low running costs. Perfect for navigating Nigeria’s bustling cities, this Mercedes Benz C200 provides practicality without sacrificing style. View Mercedes Benz C200 for salehttps://carmart.africa/vehicles/mercedes-benz-for-sale
5. Hyundai Accent – From 1.4 Million Naira The Hyundai Accent offers excellent value for money, starting at 1.4 million naira. It’s a well-rounded car with a comfortable interior, good fuel economy, and a smooth ride. The Accent is a solid option for those who need a reliable car for daily use without spending a fortune. View Hyundai Accent For salehttps://carmart.africa/vehicles/hyundai-for-sale
Why Buy Through CarMart.Africa? CarMart.Africa is your go-to platform for finding great deals on cars. Our easy-to-use website lets you browse a wide range of affordable vehicles from the comfort of your home. We provide detailed listings, clear photos, and transparent pricing, ensuring you make an informed decision.
Ready to Find Your Next Car? Head over to CarMart.Africa today and explore these top picks and many more. With prices starting from just 1 million naira, your dream car is within reach. Don’t let a tight budget hold you back—take advantage of these fantastic deals and drive away in style.
Have any cars for sale?
We're glad to know you are interested in selling your cars via Carmart.africa!
To sell your items, follow simple steps:
1. Visit our website 👉 https://carmart.africa/sell-car 2. Log in and press “Sell Now”. 3. Fill in all the fields to describe your post. 4. Press “Publish Item”.
Navigating the Nigerian automotive market can be a daunting task, whether you’re searching for a new vehicle or looking to sell your current one. Fortunately, Carmart.Africa is here to simplify the process. As the leading online car marketplace in Nigeria, Carmart.Africa offers a seamless experience for both buyers and sellers. Here's why Carmart.Africa is the best choice for all your automotive needs and a spotlight on four top affordable car brands you can find on the platform.
Top 4 Affordable Car Brands on Carmart.Africa Carmart.Africa features a range of affordable car brands that offer exceptional value for money. Here are four top brands available on the platform, each known for its reliability and cost-effectiveness:
1. Lexus Cars Lexus is synonymous with luxury and reliability. While the brand offers high-end features, you can find several affordable models on Carmart.Africa. The Lexus RX and Lexus ES are popular choices that provide a premium driving experience without the exorbitant price tag. Known for their durability and sophisticated design, these models are great options for those looking for a touch of luxury at a more accessible price.
2. Toyota Cars Toyota is renowned for its durability and cost-effectiveness. Models like the Toyota Corolla and Toyota Camry are favourites among Nigerian drivers for their reliability and fuel efficiency. These cars offer excellent value and are known for their longevity, making them a smart choice for budget-conscious buyers.
3. Benz (Mercedes-Benz) Mercedes-Benz is synonymous with luxury, but Carmart.Africa offers several affordable options within the brand’s lineup. Models such as the Mercedes-Benz C-Class and Mercedes-Benz E-Class provide a blend of style, performance, and prestige at more accessible prices. These cars deliver a premium experience without breaking the bank.
4. Honda Cars Honda is well-regarded for its reliability and economical performance. The Honda Civic and Honda Accord are excellent choices for those seeking a dependable vehicle with modern features. Known for their efficiency and comfort, these models offer great value for money and are well-suited for various driving needs.
Simple Listing Process: Our user-friendly platform makes selling your car straightforward. Follow these steps to get started:
Step 1: Visit https://carmart.africa/sell-car and sign up for a free account. Step 2: Click on the “Sell Your Car” tab. Step 3: Enter the details of your vehicle, upload clear photos, and set your asking price. Step 4: Review your listing and publish it for potential buyers to see. Extensive Reach: With our growing user base, your vehicle gets exposed to a broad audience of serious buyers. Our platform’s efficient search features help match your car with interested buyers quickly.
1. Effortless User Experience Carmart.Africa’s platform is designed with user convenience in mind. The website features a clean and intuitive layout, allowing you to browse and filter through an extensive range of car listings effortlessly. Whether you’re buying or selling, the process is streamlined and user-friendly, making your experience as hassle-free as possible.
2. Extensive and Diverse Listings The platform boasts a vast inventory of vehicles, from luxury brands to budget-friendly options. Carmart.Africa’s detailed listings include high-quality images, comprehensive descriptions, and relevant information about each vehicle, enabling you to make well-informed decisions. This variety ensures that you can find exactly what you’re looking for, regardless of your preferences or budget.
3. Secure and Reliable Transactions Carmart.Africa prioritizes the safety and security of its users. All listings are carefully vetted to reduce the risk of fraud and ensure that both buyers and sellers can engage with confidence. The platform also offers excellent customer support to assist with any queries or issues, ensuring a smooth and secure transaction process.
Conclusion Carmart.Africa stands out as the top choice for buying and selling cars in Nigeria, offering a user-friendly platform, extensive listings, and secure transactions. Whether you’re interested in a luxurious Lexus, a reliable Toyota, a prestigious Benz, or a practical Honda, Carmart.Africa has you covered with a diverse range of affordable options.
Ready to find your perfect car or list your current vehicle? Visit Carmart.Africa and start your journey today. The car of your dreams is just a click away!
;DWelcome to CarMart.Africa, Nigeria’s all-encompassing automotive marketplace where you can buy and sell cars, spare parts, motorcycles, and even rent vehicles—all for free! We’re excited to bring you the most comprehensive platform for all your automotive needs. Here’s why CarMart.Africa stands out as the best place to handle your car-related transactions.
Why CarMart.Africa is the Best Place to Sell Cars in Nigeria
Zero Listing Fees: CarMart.Africa offers a unique advantage by allowing you to list your car for sale without any fees. This no-cost approach means you keep more of your sale proceeds, making it a perfect option for both private sellers and dealerships.
Simple Listing Process: Our user-friendly platform makes selling your car straightforward. Follow these steps to get started:
Step 1: Visit https://carmart.africa/sell-car and sign up for a free account. Step 2: Click on the “Sell Your Car” tab. Step 3: Enter the details of your vehicle, upload clear photos, and set your asking price. Step 4: Review your listing and publish it for potential buyers to see. Extensive Reach: With our growing user base, your vehicle gets exposed to a broad audience of serious buyers. Our platform’s efficient search features help match your car with interested buyers quickly.
Secure Transactions: CarMart.Africa ensures a safe and secure selling experience, with features designed to protect your personal information and facilitate smooth transactions.
Why CarMart.Africa is Your Go-To for Affordable Cars
Competitive Pricing: Our diverse inventory of vehicles ensures competitive pricing across all segments. Whether you're looking for a budget-friendly option or a high-end model, CarMart.Africa provides great value deals.
Verified Listings: We prioritize the quality of listings by verifying them to ensure accuracy. This verification helps you make informed decisions and trust that the cars you see are exactly as described.
Broad Selection: From brand-new cars to pre-owned options, CarMart.Africa offers a wide range of vehicles to fit any budget and preference. You can compare features and prices to find the best deal for you.
Direct Negotiations: The platform allows for direct interaction between buyers and sellers, often resulting in better pricing and more personalized transactions.
Discover More at CarMart.Africa But that’s not all! CarMart.Africa is not just about buying and selling cars. We also offer:
Spare Parts Sales: [/b]Find the exact spare parts you need to keep your vehicle running smoothly. Our platform features a wide array of parts from reliable sellers, making it easy to maintain or repair your car.
[b]Motorcycle Sales: Explore a fantastic selection of motorcycles for sale. Whether you're looking for a new ride or a pre-owned bike, CarMart.Africa has options to suit every rider's needs.
Vehicle Rentals: Need a car for a short period? Our platform includes rental options to accommodate your temporary transportation needs. You can choose from various types of vehicles based on your requirements and budget.
How to Get Started To take advantage of all these features, simply visit CarMart.Africa. Whether you’re selling a car, searching for a great deal, looking for spare parts, renting a vehicle, or buying a motorcycle, CarMart.Africa is your one-stop shop for all automotive needs. For additional help on listing your vehicle or finding specific parts and rentals, check out our comprehensive guide designed to make your experience seamless and enjoyable.
Embrace the convenience and efficiency of CarMart.Africa today and discover why we are Nigeria’s top choice for all things automotive. Your perfect vehicle, part, or rental is just a click away!
Following the popularity of online marketing, Carmart.africa was launched in 2019 to revolutionize the online car marketplace, making it accessible for both sellers and buyers. This goal began with the simple mission of creating a platform that made car sales and purchases seamless with the bonus of charging no commission or rewards from either buyers or sellers.
Before now, there wasn’t any other online car marketplace in Nigeria quite like this. However, Carmart.africa doubled down on its goal of ensuring dealers get the best deals on their cars and buyers get the best car deals, without any commission, rather than serving as the third party that facilitates and lures buyers for either private car sellers or dealers.
How to sell cars free on carmart.africa
To sell your car on Carmart.africa, follow these steps:
Click on the “Sell Car” button on the website. >> https://carmart.africa/sell-car . Fill in the required information about your vehicle, including make, model, year, mileage, price, and location. . Write a detailed description of your car, highlighting its features, condition, and any recent maintenance or upgrades. . Upload clear, high-quality photos of your car from various angles
Frequently Asked Questions About Selling Cars on Carmart.africa
Here are some of the most common questions we get asked concerning selling cars on our platform and here are the clear answers we’ve provided for dealers;
How Much Do I Pay to Sell a Car on Carmart.africa? We don’t charge sellers any amount to sell on our platform. Unlike other websites that charge a certain percentage for car sales advertisement Carmart Nigeria prides itself on being 100% FREE with no hidden charges.
How often do Buyers visit the Website to Buy Cars? We have outsold other competitors in the market within a few years of launch. Currently, over 100 cars are sold on our platform every day! Our sellers have the privilege of uploading cars every day and getting them sold out FAST!!!! So, if you intend to sell your car very fast, register on Carmart.africa and start selling.
How long will my ad remain on the website? Ads are automatically deactivated from the website after three months. You will receive an email a week before D-Day and another on the day of deactivation. You can put them online in the following month by logging into your account on the site. After this delay, your ad will be permanently removed from the website.
I sold my item. How do I delete my ad? Once your product is sold or leased, log in to your account, and you’ll see the option to remove your ad.
How to buy cars on carmart.africa If you’re interested in buying cars on Carmart.africa (formerly known as CarMart.ng), here’s a step-by-step guide:
Visit the Website or App: Go to the Carmart.africa website or download their app from the Google Play Store1. You can explore a wide range of new and used cars available for sale. , Search for Cars: Use the search filters to narrow down your preferences. You can filter by make, model, year, price range, and location. View Listings: Browse through the listings to find cars that match your criteria. Each listing provides details about the car, including photos, specifications, and seller information. . Contact Sellers: If you find a car you’re interested in, reach out to the seller directly. You can use the contact information provided in the listing or use the messaging feature within the app. . Inspect the Car: Arrange a meeting with the seller to inspect the car in person. Check its condition, take it for a test drive, and ask any relevant questions. . Negotiate and Finalize: If you’re satisfied with the car, negotiate the price with the seller. Once you agree, complete the necessary paperwork and payment to finalize the purchase. . Remember that Carmart.africa aims to provide a seamless and secure experience for both buyers and sellers.
Anambra celebrity native doctor Chukwudozie Nwangwu, popularly known as ‘Akwa Okuko Tiwara Aki’, has gifted himself a Mercedes-Benz G63 kitted with Brabus.
The self-acclaimed richest native doctor in Nigeria took to his social media to share the news with his followers. The renowned native doctor bought a G-wagon Brabus and said he believed in Juju. It is reported that he is the first native doctor to own a G-wagon Brabus whip in Nigeria.
As #CHIVIDO24 comes to an end, Davido presents an all-new 2024 GAC GN8 MPV Van as a gift to his newly wedded wife Chioma sponsored by GAC Motor Nigeria. The couple has been trending since their traditional wedding announcement today.
Afrobeats star David Adeleke, popularly called Davido and the richest musician in Nigeria, is set to wed his partner Chioma Avril Rowland (aka Chef Chi). This #ChiVido2024 is regarded as the biggest wedding to be hosted in Nigeria, as it’s strictly by invitation only for prominent people. The Adeleke surname is not foreign to many Nigerians; it is a name that is known across many industries in Nigeria.
Experience luxury and elegance with the all-new GN8 MPV Rain or shine, the GN8 is your perfect companion for every journey. The GN8 is the latest model recently introduced by GAC Motor Nigeria, one of the largest Chinese auto manufacturers. It can be compared to its siblings, the GS8 and GS7, which are already popular on Nigerian roads as the top Chinese SUV.
Even when Nigeria complains about the hardship and increase in goods and commodities the sales of automobiles are increasing every day as the news of wealthy individuals purchasing exotic vehicles keeps on breaking, Emoeny has joined the 2024 Cars Owners Club as he bought a brand 2022 Mercedes-Benz S580 4MATIC.
Emeka Okonkwo, famously known as E-money and the youngest Nigerian billionaire, is an entrepreneur, investor, business tycoon, and the chief executive officer (CEO) of Five Star Music.
The 2022 Mercedes-Benz S-class is as much a personal limo for the ultra-wealthy as it is a rolling showcase of the company’s latest tech, the S-class is also regarded as the presidential vehicle with Not only does Mercedes’ iconic sedan has an interior that’s lined with the finest materials, but it also features huge OLED screens on the dashboard as well as a 3D-capable display and navigation with augmented reality. Along with standard all-wheel drive, the S-class’s effortless acceleration comes from a 429-hp straight-six (S500) or a 496-hp V-8 (S580).
2022 Mercedes Benz S580 Price Luxury and comfort come at a price, the 2022 Mercedes-Benz S580 4MATIC is a full-size luxury sedan with a V8 engine, mild hybrid, 496 horsepower, and 516 lb-ft of torque. It has a starting price of $184,900 but costs between 350 million and 500 million naira at the dealership in Nigeria.
Knowing when to buy a new car is not always a simple decision. It might be difficult to choose what you’ll be content with for years to come because there are so many things to think about, but if you’re thinking of getting a new automobile in 2024, this blog post might be able to help you decide! We’ll go over some factors you should consider when determining whether a new car is right for you. It’s worth considering, especially since 2024 is just a few years away! Therefore, without further ado, let’s begin.
What advantages come with a new car in 2024? Purchasing a new car has a number of advantages, including:
Since you’ll be the car’s first owner, you can use all of its capabilities without worrying about damage. Manufacturer warranties for new cars cover the majority of maintenance and repairs for a set amount of time. You can pick a model with the newest design, safety features, and technology. Your new car can be tailored to your own requirements and preferences. Compared to older versions, new cars have cheaper insurance premiums. Market forecasts for car prices in 2024 Inflation and rising production costs are anticipated to drive up the average cost of new automobiles in 2024. The average cost of a new car is currently around N15,000,000, but by 2024, that cost is anticipated to rise to nearly N25,000,000. When thinking about purchasing a new car in 2024, you should include this in your budget.
What Time Of Year Is Best To Buy A New Car? The following variables affect when is the optimum time to purchase a new car:
Your present financial circumstances: Now is a fantastic time to buy a new car if you can afford one. It might be best to hold off if you’re having financial difficulties until you’re in a better situation. The time is right to purchase the car you want if it is currently on the market. It might be wiser to hold off if prepared to wait for a specific model or trim, though.
The state of the market right now is: if you can buy now before new car prices increase soon, do so. However, you might want to put off your purchase if prices are predicted to remain the same or drop. The optimum time to purchase a new car is often in August or November when all of these considerations are taken into account. These are often the months when new car prices are lowest, and you have a better chance of finding the vehicle you desire in stock.
What aspects will you take into account in 2024 while buying a new car? The following are some considerations you should make if you plan to purchase an automobile in 2024:
Technology in the Car The state of automotive technology will surpass all previous levels in 2024. You must choose whether you want a car with the newest and best technological features or whether a simpler model would do. Think about the technical elements that are important to you and make sure the automobile you choose has them.
The cost of the car Price is always a consideration when buying a car, but in 2024 it’s especially critical to keep it in mind since prices will continue to rise. Start saving now if you’re unsure whether you can afford a new car.
Fuel Economy of the Vehicle Another crucial factor is fuel efficiency, particularly in light of the state of the globe today. Finding a car with decent gas mileage in 2024 will help you save money and the environment.
Car Dimensions Do you need to carry your family in a huge car or SUV? Or would you prefer a more compact, efficient vehicle? Find an automobile that is the correct size for you after taking your demands into account.
Safety Features of the Vehicle When buying an automobile, safety is always the top consideration. Make sure to pick a car with the safety features you value because there will be even more available in 2024.
The vehicle’s upkeep requirements Finding a car that won’t need a lot of maintenance is vital since nobody wants to spend a lot of money on auto repairs. Make sure you’re buying a car that will be simple (and economical) to maintain by doing your research.
The resale value of the vehicle You should sell your old car when you’re prepared to upgrade to a new one. To receive the most money when it comes time to sell your car, consider the resale value when making your selection.
These are just a few things you’ll need to think about in 2024 when buying a new car. Spend some time shopping around for the ideal vehicle for you.
Conclusion
In 2024, there are a number of things to take into account when buying a new car. The economy is the most crucial element. Considering the status of the economy right now, it’s hard to say whether buying a new car is a smart move. Your own financial status is a further consideration. 2024 might be the year for you if you have the money to buy a new car and feel secure in your employment. In the end, only you and your family can determine whether buying a new automobile is the best course of action.
Welcome to Carmart.africa, your trusted online marketplace for buying and selling vehicles across the African continent. Whether you're in the market for a new ride or looking to sell your current car, our platform offers a seamless, secure, and efficient experience. Follow this comprehensive guide to navigate the buying and selling process on Carmart.africa.
How to Buy a Car on Carmart.africa
Visit Carmart.africa Head over to Carmart.africa and start your journey to finding the perfect car.
Create an Account
Click on the "Sign Up" button at the top right corner of the homepage. Fill in the required details, including your name, email address, and password. Verify your account via the confirmation email sent to your inbox. Start Your Search
Use the search bar to enter specific keywords, or browse by categories such as make, model, year, price range, and location. Apply filters to narrow down your options and find cars that meet your criteria. Review Listings
Click on any car listing to view detailed information, including photos, specifications, price, and seller contact details. Read through the description carefully to understand the car’s condition, history, and any additional features. Contact the Seller
Use the provided contact information to reach out to the seller. Ask any questions you may have and arrange a meeting to inspect the vehicle. If possible, schedule a test drive to ensure the car meets your expectations. Negotiate and Close the Deal
Negotiate the price with the seller if necessary. Once you agree on the terms, ensure all necessary paperwork is completed, including the transfer of ownership and any required inspections. Make the payment through a secure method. Carmart.africa offers secure payment options to protect both buyers and sellers. Leave a Review
After completing your purchase, leave a review of the seller on Carmart.africa. This helps other buyers make informed decisions. How to Sell a Car on Carmart.africa Visit Carmart.africa Go to Carmart.africa and prepare to list your vehicle.
Create an Account
Click on the "Sign Up" button at the top right corner of the homepage. Provide your details and verify your account via the confirmation email. List Your Car
Click on the "Sell Car" button and fill in the required information about your vehicle, including make, model, year, mileage, price, and location. Write a detailed description of your car, highlighting its features, condition, and any recent maintenance or upgrades. Upload clear, high-quality photos of your car from various angles. Set a Competitive Price
Research similar listings on Carmart.africa to determine a fair and competitive price for your car. Be open to reasonable offers and be prepared to negotiate with potential buyers. Respond to Inquiries
Check your account regularly for messages from interested buyers. Respond promptly and professionally to any inquiries, providing additional information or arranging viewings as needed. Arrange Meetings and Test Drives
Meet potential buyers in a safe, public location. Allow buyers to inspect the car thoroughly and accompany them on a test drive if requested. Negotiate and Finalize the Sale
Negotiate the final price and terms of the sale with the buyer. Ensure all necessary paperwork is completed, including the transfer of ownership. Use a secure payment method to receive payment. Update Your Listing
Once your car is sold, update your listing status on Carmart.africa to avoid further inquiries. Why Choose Carmart.africa? Wide Reach: Access a broad audience across Africa, increasing your chances of finding the right buyer or the perfect car. User-Friendly Interface: Our platform is designed to be intuitive and easy to navigate, making the buying and selling process straightforward. Secure Transactions: We prioritize the security of our users with safe payment options and verified listings. Dedicated Support: Our customer support team is available to assist you with any questions or issues you may encounter. Start your buying or selling journey today at Carmart.africa and experience the convenience of Africa’s premier automotive marketplace.
Music artist Kcee reportedly purchased two full-size SUVs worth around 500m in one day, A Cadillac Escalade and a Lincoln Navigator.
That’s according to his friend, talent manager Soso Soberekon, which was made available via his verified Instagram page, he noted Kcee is a workaholic and he deserves all that he is getting right now “.
His caption read:
My men are winning, this man right here @iam_kcee is a workholic no cap. You deserve all you’re getting right now my brother my friend.More wins and more blessings to all of us.Congratulations to you for acquiring these two beautiful babes in one day, E no easy to be man o na who dey lead be strong man.
Purchasing a Cadillac Escalade and a Lincoln Navigator shows his love for SUVs especially for the Cadillac Escalade because he already owns a Cadillac Escalade he purchased a few years ago, Although they’re similar in class, size and function, the Cadillac Escalade and Lincoln Navigator are still very different. The Lincoln Navigator has a wonderful engine, and it takes care of its rear passengers and offers them even more space than the Escalade.
While the Cadillac Escalade, on the other hand, has the tech advantage and delivers a more comfortable ride. We give the nod to the Escalade on the strength of the drive, the comfort level and especially the on-board technology. On the open road, the Super Cruise was really a great ally and helped make our trip much less tiring.
We hope this message finds you well. We wanted to extend our sincerest apologies for any inconvenience caused by the temporary unavailability of our website. We understand how frustrating it can be when you're unable to access the services and information you rely on.
We're happy to announce that we've successfully transitioned from CarMart.ng to CarMart.africa! Our new domain reflects our expanded vision and commitment to serving not just Nigeria, but the entire African continent with top-notch automotive services and solutions.
Our team has been working tirelessly to ensure a smooth transition, and we're pleased to inform you that CarMart.africa is now live and fully operational. You can once again browse our wide selection of vehicles, explore financing options, and take advantage of our comprehensive automotive services.
We understand the trust you place in us, and we deeply regret any inconvenience caused during this transition period. Your satisfaction is our top priority, and we're committed to providing you with an exceptional user experience on CarMart.africa.
Thank you for your patience and continued support. We look forward to serving you on our new platform and exceeding your expectations every step of the way.
NOW YOU CAN BUY OR SELL CARS WITH EASE
Buying a Car:
Visit the Website: Go to the CarMart.Africa website and navigate to "search" section.
Search for Cars: Use the search filters to find cars based on your preferences such as make, model, year, price range, etc.
View Listings: Browse through the listings of available cars. Click on a listing to view more details, including photos, specifications, and pricing.
Contact Seller: If you find a car you're interested in, use the contact information provided on the listing to get in touch with the seller. You can ask questions, request more information, and arrange for a viewing or test drive.
Negotiate and Purchase: Negotiate the price with the seller if needed. Once you agree on a price, complete the necessary paperwork, and make the payment to finalize the purchase.
Selling a Car for free:
Visit the Website: Go to the CarMart.Africa website and navigate to the "Sell Cars" section.
Submit Car Details: Fill out the form with details about your car, including make, model, year, mileage, condition, photos, and asking price.
Review and Publish: Review the information you've provided and make sure everything is accurate and complete. Once satisfied, publish your listing on the website.
Respond to Inquiries: Monitor your listing for inquiries from potential buyers. Respond promptly to questions, provide additional information as needed, and arrange for viewings or test drives.
Negotiate and Complete Sale: [/b]Negotiate the price with interested buyers. Once you agree on a price, complete the necessary paperwork and transfer ownership of the car to the buyer upon receiving payment
The richest and most subscribed channel on Youtube, Jimmy Donaldson, known as Mr. Beast who turned 26 years old today has made headlines today by announcing across his social media platforms that he will be giving away 25 Tesla cars including one Cybertruck to mark his 26th birthday.
The popular YouTuber, boasting the largest following on the platform, shared that the lucky winners will be selected from among his Instagram followers who like the post and comment while tagging two friends.
According to him, the giveaway is open only to consumers who are legal residents of the U.S. (including D.C.; but excluding NY and FL), Australia, Canada, Chile, metropolitan France, Germany, India, Japan, Mexico, South Korea, and the United Kingdom (“Jurisdictions”), who are at least 18 years of age or the legal age of majority in their country, state, or jurisdiction of residence, whichever is older, at the time of entry and are physically located in one of the above-referenced Jurisdictions (“Entrant”). Proof of residency and age may be required.
One of the biggest auto dealers in Lagos Mayfair Autos has disclosed how Kosisochukwu Augustine Ibemesi popularly called Kokaus1 purchased a 2017 Porsche Macan with ease.
Kokaus1 is the ANAMBRA STATE big boy he purchased the 2017 Porsche Macan that features a turbocharged four-cylinder engine that you can find in multiple Audi products, but otherwise, it shares most standard equipment with S models. Porsche also added the Macan GTS trim, which uses a higher-output version of the twin-turbo V-6 that powers the S model.
According to Mayfair Autos Kokaus1 came in as a referral from a previous client, He had spotted the car on our Instagram story and got an OK to contact us via the gram. He sent a message about wanting to know more about the car. We went ahead and sent him detailed pictures and videos of it. He mentioned he would come back to us by the end of the day.
True to his word, he got back to us and said he would take it! He was in love with the red interior and it’s not a common car too. Once payment was made we made the necessary arrangements to deliver to his preferred location. Just like that!! like magic we had bagged a ‘SEALED DEAL’ Fortunately for him; the car was about to leave and he was in Lagos. He said he would feel good seeing it physically and decided to come and take a peek before it departed.
We understand how expensive car purchases have become for many Nigerians, making many moves towards buying used cars as against brand new vehicles. Well, it all depends on the type of vehicle you’re going after. There are long-list of cars you can purchase new today in Nigeria at an affordable rate.
We have provided a comprehensive list of the top 10 vehicles that made it to this list. Note that this list is not an exhaustive list of the cheapest brand-new vehicles. However, they comprise brand-new cheap cars that are popularly driven in Nigeria.
Without wasting much time, here’s a breakdown of the top 10 cheapest brand-new vehicles to buy in Nigeria in 2024.
T[b]he 2023 Kia Rio[/b] For 2023, the Kia Rio enters with many similarities to the 2022 model. It is still one of the cheapest vehicles in the Nigerian car market, and it’s sold between N10 to N15 million depending on your preferred trim level. Under the hood is a 120-horsepower, 1.6-litre four-cylinder engine and standard CVT for a generous combined fuel economy rating of 36 mpg.
An 8-inch touchscreen multimedia display with a rear camera and wireless Android Auto and Apple CarPlay come standard across the lineup; unfortunately, automatic emergency braking is unavailable until you move up to Rio’s higher trim, the S.
The 2023 Kia Forte Another affordable new Kia vehicle after the Rio is the Forte. The base trim of the Forte 2023 ranges between N10 to N15 million as well. The Kia Forte’s base LX model (formerly called the FE) returns for 2023 with no changes aside from the new name. The most affordable trim is powered by a 2.0-litre four-cylinder and mated to a CVT.
The compact sedan offers a commuter-friendly 34 mpg combined and is loaded with standard features such as a large 8-inch touchscreen, Android Auto and Apple CarPlay, and automatic emergency braking. Although the Forte is a good value for a daily driver, shoppers looking for plentiful cargo space won’t find it in this sedan’s small trunk.
The 2023 Kia Soul Another brand new cheap Kia car to check out is the 2023 Soul. The price of this vehicle ranges from N10 to N15 million as well. Kia’s quirky, utilitarian Soul hatchback sees a handful of changes for 2023, including an updated front and rear end, new 17- or 18-inch alloy wheels, and a suite of standard safety and driver-assist features like automatic emergency braking, lane departure steering assist, driver attention warning, lane departure warning, and a rear occupant alert.
Power for all models comes from a 2.0-litre four-cylinder engine paired with a CVT. The LX trim gets an 8-inch touchscreen display (other models get a 10.25-inch touchscreen) with standard Apple CarPlay and Android Auto.
The 2023 Hyundai Elantra Car shoppers in Nigeria who are on a tight budget will be happy to learn that Hyundai completely redesigned the Elantra for the 2021 model year with a more refined powertrain and a larger interior, and the 2023 model returns largely untouched. The current price of the 2023 Elantra in Nigeria is between N18 to N23 million.
The Elantra is available only as a sedan, and the most affordable SE trim is powered by a 2.0-litre four-cylinder engine with a capable CVT. The Elantra gets an impressive 37 mpg that makes it as budget-friendly to own as it is to buy, and standard features include wireless Apple CarPlay, Android Auto, automatic emergency braking with pedestrian detection, a blind spot warning system, and lane-centering steering. Shoppers who can overlook the sedan’s low-rent interior will appreciate the Elantra’s value.
2023 Mitsubishi Mirage ES Also on the list of most affordable cars is the Mirage, a subcompact hatchback with seating for up to five. The current price of this vehicle in Nigeria is between N15 to N19 million. The combination of a tiny 1.2-litre three-cylinder engine and optional continuously variable automatic transmission delivers impressive EPA-estimated gas mileage of 39 mpg combined, but it comes at the expense of performance; the Mirage is slow. That said, we thought it was reasonably fun to drive when we last reviewed it.
In 2021, the Mirage got a refreshed face and revised rear bumper, an updated interior with new soft-touch materials, a new standard 7-inch touchscreen, and standard safety features including automatic emergency braking with pedestrian detection across all trims.
The 2024 Volkswagen Jetta The 2024 Volkswagen Jetta remains steadfast as one of the best affordable compact sedans sold today and has a price range of N20 to N25 million in Nigeria. The vehicle comes with features that include heated power exterior mirrors, cloth upholstery, and a smattering of safety features including forward Collision Warning and Autonomous Emergency Braking, which are standard in the base S, and a host of excellent infotainment offerings and upgrades are available.
Excellent fuel economy is standard. A turbocharged 1.5-litre four-cylinder making 158 horsepower and 184 pound-feet of torque powers every Jetta. The base S has a six-speed manual transmission as standard, but an eight-speed automatic is optional. The Jetta provides a satisfying amount of front passenger head, shoulder, and legroom. The design is contemporary, and although the feature content increases with each higher trim, every cabin caters to the driver and boasts excellent outward visibility.
The 2024 Mazda 3 Inside the 2024 Mazda 3, you’ll realize that the interiors of the top trims are appointed in stylish materials that convey a sense of quality that competitors like the Honda Civic and Hyundai Elantra can’t match. Not only that, this latest edition vehicle in Nigeria can be gotten with N30 million in Nigeria today. It’s very rare to spot the latest model vehicle with that price range in Nigeria.
The 2024 Mazda 3 engine offers front-wheel drive and all-wheel drive. A 250-hp turbocharged 2.5-litre is available but only on the most expensive Turbo trims. Buyers can get a six-speed manual if they stick with front-wheel drive. Mazda thoughtfully designed the 3’s cabin with premium materials. Buyers can outfit either body style with a slew of desirable features, but the best ones are tied into the trim-level hierarchy.
The 2024 Nissan Sentra The 2024 Nissan Sentra is one of the cheapest new cars sold today, and its suite of driver-assistance tech includes automated emergency braking and rear-cross-traffic alert. The price range of this vehicle in Nigeria is between N20 to N25 million.
Every Sentra 2024 trim is front-wheel drive and comes with a 149-hp four-cylinder engine bolted to a continuously variable automatic transmission. Every Sentra is powered by a 149-hp 2.0-litre four-cylinder engine that pairs with a continuously variable automatic transmission (CVT) and front-wheel drive. The EPA of the 2024 Sentra’s fuel economy is not yet out, but its modest powertrain updates are said to improve compared to the 2023 model.
The 2023 Sentra earned up to 29 mpg in the city and 39 mpg on the highway. Inside, the Sentra has one of the prettier designs in this segment. The centre of the dashboard hosts a trio of circular air vents above sturdy climate controls. The interior materials are a mix of soft and hard plastics, but the former cover the surfaces that count and help mask the rest.
The 2020 Toyota Corolla With its long history of providing affordable transportation, the 2020 Corolla has always been a great choice for savvy buyers, and with the 2020 model, you’ll get a lot for a price range of N24 million in Nigeria.
The 2020 Toyota Corolla comes with flashier styling inside and out, more desirable features, and an improved driving experience. Available as a hatchback or sedan, the Corolla has more character than before but falls short of replacing the segment’s most sought-after. Except for the sportier SE and XSE models, the Corolla sedan uses a 139-hp 1.8-litre four-cylinder that sends power to the front wheels through a continuously variable automatic transmission (CVT).
The SE and XSE versions have a 169-hp 2.0-liter four-cylinder that pairs with a CVT or optional six-speed manual. While all hatchbacks have a larger engine, only the sedan offers a hybrid powertrain. Inside, the Corolla hatchback and sedan share a streamlined dashboard and soft-touch materials. Most models have passive entry and push-button start.
Others can also be upgraded with ambient interior lighting, dual-zone climate control, and heated front seats. Those who regularly have back-seat passengers should consider the sedan over the hatchback since it has considerably more legroom behind the front seats.
The 2020 Toyota Camry The 2020 Toyota Camry is in the family-sedan segment and a bigger brother of the Corolla. It also falls into this category as you’ll find the brand new models of the 2020 Camry in Nigeria in 2024 for a price range of N28 to N32 million.
Its three powertrain options cover a diversified range: there’s a fuel-efficient four-cylinder, a potent V-6, and an eco-friendly hybrid. The exterior is complemented by a unique aerodynamic body kit, and the interior is dressed in red to complete the look. The standard four-cylinder engine pairs with a silky eight-speed automatic, but its acceleration numbers are disappointing.
A less powerful version of the engine works with a battery and two electric motors to power the Camry hybrid, which is no more exciting to drive than the base powertrain.
The real gem of this lineup is the XLE and XSE models that use a V6 engine and produce 301 horsepower. The Camry is a large sedan, and there’s plenty of cargo space and interior storage in both its trunk and its cabin with the rear seat folded of course, getting a brand new version of the 2020 model for N28 to N32 million is a steal in Nigeria.
Conclusion
There are tons of brand-new cheap vehicles to purchase. However, these top 10 vehicles are some of the ones you’ll readily find in the Nigerian car market today at an affordable rate. We recommend any of them if you are on a tight budget but want a brand-new vehicle of your own.
Nigerian singer and songwriter, Inetimi Alfred Timaya Odon, popularly known as Timaya, has made history by becoming the first African to purchase and ship a Tesla Cybertruck to Nigeria.
The Cybertruck, which is worth 130 million naira, is an angular truck with sophisticated features and the latest technologies.
The six-seater Cybertruck is an electric vehicle that boasts of being the "most powerful tool" ever built by Tesla. It is an exquisite truck with appealing designs that combines Nigerian pop with elements of dancehall, hip-hop, and soca, as well as a blend of Afro-Caribbean/Dancehall music.
Senator Dino Melaye, a Nigerian politician and former member of the 8th Nigeria National Assembly, representing Kogi West Senatorial District, has been purchasing luxurious cars lately. Recently, he gifted himself a brand new Mercedes Benz G-Wagon limousine that is bulletproof.
The 2020 Mercedes-AMG G63 SUV that he has acquired is not only bulletproof but can also defend against firearms and grenades. It includes an air-filtration system that effectively eliminates pollutants and bacteria. The interior of the limousine is as lavish as a private jet’s cabin and is equipped with massaging seats, a 4k TV, and more.
According to BusinessInsider, the base price of the Mercedes Benz G-Wagon limousine bulletproof is $600,000, but with additional options, the price can go as high as $1.2 million.
Divine Ikubor, popularly known as Rema, is a Nigerian singer and rapper. He was born on May 1, 2000 has spent over N800 million, Buying a 2019 G63 G-wagon and a 2020 Lamborghini Urus at the same time.
He rose to prominence by releasing the song “Iron Man”, which appeared on Barack Obama’s 2019 summer playlist. Rema was born into a highly spiritual Christian family in Benin City, Edo State, Nigeria.
According to Polanco Exotic Cars, a Luxury car dealership with a selection of the latest and rarest exotic cars in Nigeria disclosed that Superstar Rema purchased both SUVs once and possibly paid completely.
After comparing the specifications and ratings of the Lamborghini Urus and the Mercedes-Benz G-Class, it is clear that the Lamborghini Urus has a more powerful base engine. However, the Mercedes-Benz G-Class has several advantages over the Lamborghini Urus. These include a lower base price for new vehicles, a lower range of pricing for used cars between one and five years old, a better resale value and a more spacious interior. Therefore, based on this comparison, it can be concluded that the Mercedes-Benz G-Class is a better car than the Lamborghini Urus.
How much Does it cost Rema to purchase this 2019 G63 G-wagon and a 2020 Lamborghini Urus 2019 G63 G-wagon and a 2020 Lamborghini Urus is a super SUV built for long-lasting luxury; it will cost Rema over 800 million naira for this purchase, while Rema has a particular fondness for the Mercedes Benz Gwagon, he also recently purchased one for 95 million naira on December 7th, 2022, as reported by Carmart.
Comedian OGB Recent has Splashes over $210,000 equivalent N310 million as he buys himself a brand New 2023 Mercedes Benz G-Wagon.
OGB recent is one of the fast-rising Nigerian comedians. Since venturing into comedy, OGB has created a world for himself within the Nigerian entertainment scene. He has recorded several viral skits that have impacted his growth and popularity in the industry.
Owning any Mercedes-Benz G63 in Nigeria is a sign of millionaires vibes, there’s nothing else on the road that’s quite like the 2023 Mercedes-Benz GG63, especially on the Nigeria road. The original G-wagen was an icon, a military vehicle with the interior of an S-Class, Owned by politicians, celebrities, and top-class businessmen and it remained on sale for what seems like forever.
In an end-of-year research report by Mordor Intelligence about the Nigerian used car market, Carmart.ng ranked 2nd in Nigeria’s Used car market.
In the article, Mordor Intelligence, a revenue-funded organization started in 2014, partnered with over 600+ enterprises across 20 industries to deliver data-driven insights on projects, and took a deep dive into Nigeria’s booming used car market.
According to the article, the Nigeria used car market is valued at USD 1.14 billion and is anticipated to surpass a net valuation of USD 1.74 billion. Carrying out their analysis, the report noted that one of the reasons why the purchase of used cars is prevalent in Nigeria is due to the increase in the price of brand-new cars in the country.
The report notes: “The prices of new cars shot up extensively as of July 2023 because of the devaluation of the domestic currency, the naira, and the increase in exchange rates for clearing imports, which has had approximately a 15% impact on the prices of new cars.”
While the article analyzed the impact of the increased car prices on Nigerians, it also highlights the stride Nigerians are making, using technological devices to drive sales of cars in the country. The article says: “The adoption of advanced technology by tech-savvy young individuals, the emergence of e-commerce marketplaces, and the aggressive strategies employed by various companies to invest in online advertisements are driving the demand for used cars sold through online platforms. These platforms assist consumers in making informed decisions since comprehensive information about vehicles, such as make, model, kilometres driven, engine capacity, condition, etc., is readily available.”
According to the report, some of the high-ranking online car marketplaces in Nigeria include Jiji, Carmart.ng, OList, Autochek Africa, Betacar, BuyCars.ng, Auto Auction Mall, Najiauto, Tokunbocars.ng, CarXus, Cars.ng, and Cheapcars.ng, among others.
Mordor Intelligence report states: “These players engage in competitive dynamics based on several factors, including used car pricing, online presence, value-added services such as warranties and financing options, commission structures, the volume of listings on their platforms, and the availability of comprehensive information about the performance and condition of used vehicles on their websites.”
Also, the report noted that the increase in car sales using online marketplaces like Carmart.ng has been exacerbated by the increased use of the internet in Nigeria, which has gone from having 81.2 million users in 2018 to over 190 million in 2022.
What this report indicates is not just that the used car market dominates the Nigerian market car scene, and that online marketplaces play a pivotal role in its dominance, with brands like Carmart.ng taking a second place role in the growth of online car sales in Nigeria.
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Kizz Daniel has recently added himself to the list of top celebrities who own the most expensive SUVs in the Nigeria. However, he did not settle for the normal Roll Royce Cullinan; he went for the 2022 Rolls Royce CULLINAN BLACK BADGE, which has a price tag of about N700,000,000. Spending N700,000,000 on a car is quite a sum of money. He should ensure that the car is well-insured.
The 2022 Rolls-Royce Cullinan Black Badge is a five-door, all-wheel drive wagon with a twin-turbo V-12 engine that generates 563 horsepower. The Black Badge version, on the other hand, produces 592 horsepower. With a top speed of 155 miles per hour, the Cullinan Black Badge can go from 0 to 60 miles per hour in just 4.5 seconds.
It’s hard not to be noticed when one lives large, dresses well, and has several exotic cars, one person who perfectly fits the description above and even more is Ismail Mustapha popularly known as Mompha. Ismaila Mustapha who is fondly known as Mompha is a Nigerian social media big boy who is known for his extravagant spending and lifestyle, they call him the Money Man for good reason. Mompha bought the first ever electric Rolls-Royce, the Rolls-Royce Spectre, which cost around $450,000 and 450 million naira.
Mompha is truly a baller. Swipe left to see the beauty of elegance, the beauty of money.
Each week, we will be bringing to you the top-ranking affordable and reliable cars in the Nigerian market that buyers keep moving en mass to purchase. These cars are not merely the most popularly driven in Nigeria, but also vehicles that through careful observation, we’ve realized have repeatedly captured the attention of hundreds of buyers every week.
While they are mostly old and recent-used vehicles, watching the number of searches and buyers increase weekly, has made us conclude that these vehicles are currently in high demand not just for their price tag, but for something else they offer buyers.
In this article, we bring to you this week’s top five most purchased and highly sought-after vehicles on Carmart.ng. Sellers on our platform have recorded hundreds of sales of these vehicles this week, and it only means one thing: they are a must-have.
So, if you are in the market for a reliable and affordable used car, visit Carmart.ng to get your hands on these cars that include:
2005 Lexus RX350 One of the top sellers from last week is the 2005 model of the Lexus RX350 SUV. What has drawn buyers to this vehicle is not just its price tag of N5.7 million, but the very fact that such a minimal amount, the 2005 RX350 has a lot to offer its buyers.
One major pro of the 2005 Lexus RX350 (that uses a 3.5-litre V6 automatic engine and produces 272 horsepower) is that for a 2005 vehicle, it comes with high-tech features, a solid reputation, and an excellent ride experience for an 18-year-old vehicle.
For the 2005 RX350, the power passenger seat was from four-way to eight-way while the optional navigation system got Bluetooth capability and voice-actuated control. What does this mean? You get to connect your phone to your 2005 RX350 and enjoy songs from your playlist without constantly hassling with the CD- disc.
Also, according to buyers, the 2005 RX350 has good fuel mileage, which means your trip to the filling station will be drastically reduced. However, we cannot ignore highlighting one major cons of having this vehicle (for well-rounded decision-making) it’s that the RX350 2005 does not have the best handling experience, as it has a soft ride compared to other vehicles in its category.
2004 Toyota Corolla Another top-performing vehicle we found from the listed vehicles on our platform is the 2004 Toyota Corolla priced at N2.5 million. Living in a time when even the price of 20-year-old cars starts from N3 million above, getting the 2004 Corolla for N2.5 seems like a steal.
But, that’s not just all that buyers who have repeatedly returned for this car weekly are saying. There’s more to the 2004 Corolla that has captured the hearts of buyers. The 2004 Corolla which uses a 1.8-liter Inline-four engine and produces 130 horsepower is said to be an impressive sedan.
Despite having over 19 years under its belt, the 2004 Corolla still has impressive performance, with an even more impressive fuel economy of 28 for the city and 36 for the highway. The 2004 Corolla’s fuel consumption averages 10.7 litres for 100km around the city and 7.0 litres for 100km on the highway, giving an overall 8.2 litres for a 100km travel.
We believe that the buyers who troop to purchase the Corolla 2004 weekly are coming back due to its impressive fuel economy, which is a major advantage for any car in today’s Nigeria.
2008 Lexus ES350 The 2008 Lexus ES350 is another top-performing vehicle that has recorded huge sales in the past week. With a price tag of N6.2 million, the ES350 seems the perfect steal for anyone looking for an affordable used vehicle that still comes with impressive reliability ratings and fuel economy.
Why are buyers going crazy over the 2008 Lexus ES350? What we realized is that the 2008 ES350 is a packaged deal with its 3.5-litre V6 engine that produces 272 horsepower, making it a fast vehicle for one that has over 15 years under its belt. It’s not every day that we come across vehicles that are past the 10-year mark but still have impressive performance, but the 2008 ES350 has proven otherwise.
We’ve also realized that another reason buyers love the 2008 Lexus ES350s on our listing platform is that it's the perfect affordable SUV with a very good fuel economy of 19 cities and 27 highways, with 22 combined.
As such for a 100km drive, the ES350 2008 will consume approximately 8.5 liters of fuel. It’s a good one considering its age and price. Not many 2008 SUVs can match this record, and the buyers who return to our platform to buy this vehicle understand this.
2010 Toyota Camry Also an impressive performer on our list is the 2010 Toyota Camry which has the price tag of N7.6 million for its Sport trim level. Considering the Sport trim, we realized that buyers prefer this trim level of the Camry because of its excellent performance and the upgraded interior space.
Equipped with a 2.55-litre four-cylinder engine that comes as standard in the Camry, the vehicle produces 268 horsepower. The 2010 Toyota Camry is described as the best Camry with the V6 engine, and also the best all-round V6 in any family sedan.
Interestingly, the 2010 Camry maintains its accolades even more with its fuel economy. With only 8.0 litres of fuel, you can travel for 100 kilometres with the Camry, especially if you go for the trim equipped with a manual transmission.
We noticed that buyers continue purchasing the 2010 Toyota Camry from dealers on our platform because it’s an all-around win-win. It’s nowhere near the latest Camry, but with the 2010 model, you will still stand out.
2013 Toyota Avalon Buyers on our platform are also going after the 2013 Toyota Avalon which is priced at N13.5 million for its Limited trim level. While the Avalon is a little higher in price compared to the others listed above, what we’ve realized has drawn the attention of buyers to this vehicle is the fact that it’s the closest to a luxury Toyota vehicle you’ll find.
The Toyota Avalon is a highly coveted car in Nigeria with its beautifully designed body and lavishly furnished interior that gives it off as a low-budget luxury vehicle. The 2013 Avalon uses a 3.5-litre V6 engine that produces 268 horsepower and mated to a six-speed automatic transmission. The handling of the 2013 Avalon is responsive, and it comes with an impressive fuel economy of 4.2 litres of fuel for a 100-mile drive.
It’s been all over the news that the Nigerian government spent over N70 billion on 469 Toyota Land Cruiser SUVs for the members of the National Assembly, to aid them in discharging their duties efficiently.
What’s also been on the news is why the Nigerian government such a heavy amount on Japanese vehicles instead of paying auto manufacturers in Nigeria to undertake the production.
For many Nigerians, this wasn’t the right move on the part of the government as more than ever (following the country’s current economic situation), made-in-Nigeria products need government support and investment to thrive create more wealth, and promote global visibility for the country.
While this has been a subject for debate, the Nigerian Senate spokesperson noted that the government’s decision to choose the Toyota Land Cruiser SUV is largely due to the need for vehicles with great off-roading abilities to help reduce the burden of driving through Nigeria’s bad roads.
Other reports note that the reason the Nigerian lawmakers rejected Nigerian vehicles is that most Nigerian-made vehicles are not entirely Nigerian, but rather are vehicles developed in partnership with automakers in countries like China, and are remodeled to assume the role of Nigerian-made cars.
The very fact that these are vehicles developed in partnership with Chinese companies is what fuels mistrust in the hearts of many Nigerians when it comes to purchasing Nigerian-made vehicles.
Over the years, there’s always been the perception of Chinese vehicles as not suitable for Nigerian road conditions compared to their Japanese counterpart, and by mere partnership of Nigerian automakers with these Chinese automakers, breeds mistrust for many who might be interested in Nigerian-made cars.
In comparison, Japanese vehicles have gained an impressive public perception in Nigeria as they are known for their reliability, durability, and safety. Toyota especially has been lauded as the #1 most reliable car manufacturer across the globe. As such, reasons could be deduced as to why Nigerian lawmakers opted for Toyota vehicles.
The Toyota Land Cruiser in question is one of Toyota’s finest collections that boasts not only its off-roading capabilities but also great performance and good fuel economy. Over time, this SUV has also been a favorite for many wealthy Nigerians including those in government offices.
Many top government officials in Nigeria use this vehicle as their official ride, and a series of the Land Cruiser is commonly seen in many government convoys. Not only its performance and good road traction, the Land Cruiser has one of the most luxurious interior design features for an SUV in its category, with spacious two-row and three-row seating capacities (depending on its trim).
Essentially, it can be deduced that Nigerian lawmakers are particularly invested in the Land Cruiser because of its impressive features, and its reputation of being a solid performer.
However, there’s still something to be said about investing in automakers in Nigeria to enable them to build better vehicles and form partnerships with brands offering solid vehicle spare parts, which will in turn help boost the country’s economy.
Certainly, it’ll be a bit difficult for Nigerians to shy away from Nigerian-made vehicles if they are allied with reputable car manufacturers of the likes of Toyota, Honda, and other notable names in the industry. The very fact that their alliances are Chinese brands adds to the layers of scrutiny Nigerian-made face in the Nigerian auto market.
Toyota cars have dominated the automobile industry for many decades and do not seem to be wavering anytime soon. The Japanese car manufacturer has produced some of the greatest sensations the industry has ever witnessed, introducing cars like the Camry and Corolla that made record sales worldwide.
For a very long time, Toyota vehicles have been among the most popular ones available. Considering that consumers have judged them to be the most dependable and adaptable vehicles, in addition to being among the most economical, We have noticed a favourable change in the Toyota brand’s perception in recent years; its lineup has been redesigned and upgraded to compete with more expensive alternatives. We can declare with certainty that the automakers adhere to the principle of “tested and trusted.”
Everyone wants to buy a cheap Toyota, even though they are among the cheapest cars on the market. If you’re on the lookout for Toyota cars worth N1 million or less, look no further; we have the answer to that problem.
These cars have continued to make auto experts all over the world question the reason behind the success of the brand. We will help you with some of them here. Here are the top 10 Toyota cars you can buy for one million naira or less in Nigeria:
2002 Toyota Matrix (₦890,000 – ₦1,500,000) The Toyota Matrix was initially known as the Toyota Corolla Matrix and is a compact hatchback popular in countries like Canada and the United States until production was discontinued in both countries.
Today, the car has evolved into a practical and reliable model, available with either front- or all-wheel drive. It bears Toyota’s signature of quality and is both Spartan and stylish at the same time.
The Matrix is a family-oriented vehicle and has a spacious cabin; the fuel economy is also excellent. Its space is one that boasts a major advantage, so whether for long trips or haulage, the Toyota Matrix is the car for you.
2000 Toyota 4Runner (₦500,000 – ₦1,030,000) The 4Runner will always be an incredible car in the sport-utility line. It sold more than the RAV4 and the Land Cruiser because of its handful of standard features.
The 4Runner is usually priced higher than most of its rival SUVs, but buyers can rely on its high resale value when going through the pains of purchasing it. It has a wide cargo floor; the car is made for five passengers, and leather seats are standard. The 4Runner is rated highly for comfort, reliability, performance, and value for money.
2001 Toyota RAV4 (₦800,000 – ₦1,700,000) Introduced in 1996, the RAV4 (Recreational Active Vehicle) combines sporty good looks, incredible size, and an economical engine into an attractive and affordable package.
The RAV4 was a bestseller upon its release as it was the first car-based sport-utility vehicle. The prevalence of new competitors in the niche later forced Toyota to redesign the RAV4 in 2001. These new designs are high on performance and safety and come with an incredible driving experience.
2000 Toyota Land Cruiser (₦900,000 – ₦1,800,000) The Land Cruiser is an excellent combination of refinement, quality, remarkable off-road capability, and luxurious appointments. The 2000 model has electronic brake force distribution, active traction control, and vehicle skid control as standard equipment. These are some of the features that make the Land Cruiser easy to control in emergency manoeuvres.
2006 Toyota Yaris (₦790,000 – ₦1,000,000) The Toyota Yaris is quite an unfamiliar vehicle as it is a replacement for the Echo hatchback. The 2006 Toyota Yaris has an incredible amount of interior room, with spacious legroom for both the driver and passengers.
It is a five-passenger car that can compete favourably for roominess with many larger cars. Although cargo space may not be that large, it is rated highly for fuel economy, reliability, comfort, and safety.
Toyota Camry 2001 (₦750,000 – ₦1,000,000) The Toyota Camry is not only one of the cheapest brands out there; it is durable, efficient, and stylish. It is one of the most popular brands of cars in Nigeria and is likewise holding its own well internationally.
It is not only affordable but also appeals to all classes of people. Another plus for this vehicle is that you can easily access its spare parts anywhere in the country without any hassles.
Following the popularity of online marketing, Carmart.ng was launched in 2019 to revolutionize the online car marketplace, making it accessible for both sellers and buyers. This goal began with the simple mission of creating a platform that made car sales and purchases seamless with the bonus of charging no commission or rewards from either buyers or sellers.
Before now, there wasn’t any other online car marketplace in Nigeria quite like this. However, Carmart.ng doubled down on its goal of ensuring dealers get the best deals on their cars and buyers get the best car deals, without any commission, rather than serving as the third party that facilitates and lures buyers for either private car sellers or dealers.
Although we tried shifting towards a paid plan in early 2023, an internal survey showed that this affected dealers who used our platforms for car listing, and riding on this path will prevent our ultimate goal of empowering individuals and businesses to easily buy and sell cars, creating a vibrant marketplace for all automotive enthusiasts in Nigeria.
Safe to say, we readjusted our plans and returned to wholly serving our costumes through our free ad listing service. Today, car dealers or private sellers can list up to 20 cars without incurring charges on our platform. It’s a huge advantage for sellers as you’ll maximize your selling potential without worrying about listing costs. As such, it benefits returning and new users.
At Carmart Nigeria, we pride ourselves on our unwavering commitment to providing a user-friendly platform for car sales. Our goal is to continuously improve our services, and are immensely grateful for the support of our customers.
Little wonder, our online car-selling platform is ranked as one of the best in terms of quality and reliability in used car sales to customers in Nigeria. Cars sold on our platform are very affordable and accessible to buy and sell.
Millions of recurring users visit our website monthly, checking out cars for sale, and we’ve maintained a track record of selling over 100+ cars weekly. Now, are you thinking of a platform with enough visibility and reliability to market and sell your cars? Whether as an individual car seller or a business dealer, Carmart got you covered!
Below, we provide you with a rundown on how to quickly set up a page on our platform and market your cars to buyers.
Visit the Carmart.ng Website
First, visit Carmart's official website. Our site is easily accessible regardless of your location in Nigeria. Once you’re on the website, here are the three simple stages to quickly set up your business page:
Log on to the Website and Register
If you are a first-time user of the website, then you have to first register on the platform and obtain a personal profile. The reason is to ensure your details can’t be accessed by anybody else who uses the platform.
Here are all you need for the registration:
Name
Active Email Address
Password
Active Phone Number
Once you’ve registered, you will be asked to confirm your email to prove you are not a robot or a scammer. After that, a notification will be sent to your email for verification. Once you’ve clicked on the link, your account will be active and ready for function!
Now, the next step in marketing your car is…
Click on the Sell Button
This is one of the few remaining steps to setting up your seller's page on Carmart.Ng. Once you click the “SELL” button, a form box pops up, guiding you on uploading your adverts. All you have to do is fill in the forms containing the car name, a clear image of the car, the selling price and your active phone number buyers can easily contact you.
Start Selling and Receiving Calls from Buyers
Carmart Nigeria is unique because we have more buyers than sellers. This means that we sell hundreds of cars every day. We also don’t ask for a commission for any car sold on the platform. So even if you sell a N10 million car, we have no share in the money! Your profit is all yours.
Frequently Asked Questions About Selling Cars on Carmart.ng
Here are some of the most common questions we get asked concerning selling cars on our platform and here are the clear answers we’ve provided for dealers;
How Much Do I Pay to Sell a Car on Carmart.ng?
We don’t charge sellers any amount to sell on our platform. Unlike other websites that charge a certain percentage for car sales advertisement Carmart Nigeria prides itself on being 100% FREE with no hidden charges.
How often do Buyers visit the Website to Buy Cars?
We have outsold other competitors in the market within a few years of launch. Currently, over 100 cars are sold on our platform every day! Our sellers have the privilege of uploading cars every day and getting them sold out FAST!!!! So, if you intend to sell your car very fast, register on Carmart.ng and start selling.
Can I purchase a Premium Service to sell my Cars Faster?
The answer is YES. While we don’t charge any hidden fees for car listings, dealers who want to take advantage of even faster sales can obtain our premium service, which is one of the cheapest in Nigeria currently.
Here’s a rundown of the premium packages we offer our sellers:
Pay per Post
Weekly Subscription
Monthly Subscription
Top Rated Advert
Purchasing a premium advert slot makes you go higher and have access to buyers faster than others who are free subscribers. However, it doesn’t mean our other FREE subscribers don’t sell out their cars because they all do!
How long will my ad remain on the website?
Ads are automatically deactivated from the website after three months. You will receive an email a week before D-Day and another on the day of deactivation. You can put them online in the following month by logging into your account on the site. After this delay, your ad will be permanently removed from the website.
I sold my item. How do I delete my ad?
Once your product is sold or leased, log in to your account, and you’ll see the option to remove your ad.
Whether you are shopping for a new or used car in Nigeria, one thing is sure: it can be stressful. There are many primary and secondary information you need to equip yourself with, not to mention the stress of finding a quality vehicle or the price negotiation stage and the pre-purchase inspection.
Whether you are a first-time or a seasoned car buyer looking for their next best car deal, every car buyer desires to engage in seamless car purchase transactions without going through neverending sad tales of car purchases in Nigeria. That’s where Carmart.ng comes into the picture!
Buying a car is a considerable investment that requires research and knowledge and shouldn’t be rushed to avoid getting scammed or buying a worn-out car. With the advent of technology and an online marketing presence, buying a car has become more convenient, allowing buyers to sit back in the comfort of their homes, browse through different sites or dealers, and choose the car that suits their specific needs.
How Carmart.Ng Makes Car Buying Seamless
There are so many different reasons why you’ll enjoy shopping for your car deals at Carmart.ng, and here’s everything you need to know.
Friendly User Interface
While online marketing has reduced the stress of purchasing cars, many buyers still have to deal with most car dealership websites' poorly structured user interfaces. This is the biggest turn-off in online purchases.
The user interface of Carmart.Ng is designed to be friendly to the eyes and simple for users to navigate quickly, find their preferred cars, and interact with private sellers. Car buyers don’t have to deal with tacky website design, making it challenging to determine the next step. At the heart of running an online car sales market is ensuring buyers have the best time and experience while sourcing their cars and Carmart.Ng maintains that ideal.
Availability of Affordable Cars
Are you in need of a vehicle of N1 million and above and need help determining a reliable platform to look at? Carmart.Ng is your best bet. Our sellers have cars ranging from less than N1 million and above across various models for buyers.
Easy Access to Car Parts & Accessories
You don’t necessarily need to want a car before visiting Carmart.ng. You can also source your car parts on the website. Regardless of your location, search for your preferred car parts and accessories, and they will be displayed on the website with their prices.
Availability of Car Rental Services
Another car service offered at Carmart.ng is the availability of car rentals. Do you want to rent a car for an affordable fee? Visit the Carmart.ng website and quickly sift through the myriad of car models available for rent displayed on the website.
Categorized Information for Different Car Brands
Nothing is more frustrating than not knowing where to begin your car search in an online car marketplace. Situations like this can feel overwhelming to a car buyer who is pressed for time. Carmart.ng understands this concern of car buyers. As such, information about different cars for sale is neatly arranged into categories, making it easier for buyers to know precisely where to find their desired vehicle. Within a split second, you’d quickly find any vehicle you’re searching for on the website (except the vehicle is unavailable).
Availability of Various Car Models
Carmart.Ng is the Nigerian car market where you’d quickly find a 2001 Toyota Corolla that has been phased off the market. The reality is that there are old model vehicles that are rare to find, especially those that have passed the 10-20-year mark. However, on Carmart's website, by entering the vehicle specifications you’re interested in, a seller always has the particular vehicle available. That’s to say, if you’re on a tight budget and need an affordable old-model vehicle, Carmart.ng got you covered.
Advanced Search Function for Quick Vehicle Search
The beauty of advanced search functions in online stores is that it saves you the stress of searching through all the available items on the website before reaching what you need. Carmart.ng website includes an advanced search function where buyers include every essential information of their preferred vehicle, and the vehicle is immediately displayed to them. If you’re pressed for time and need to search and locate a vehicle instantly, you should buy your cars from Carmart.ng.
Availability of Extra Information About Cars
Buying a car is entirely stressful. From knowing your preferred car to locating a seller, negotiating prices, signing documents, and maintaining the vehicle. Doing all of this requires having ample information. Carmart.Ng has a blog where information about buying and owning a car is shared daily.
At Carmart.Ng, we understand that owning a vehicle is a longtime commitment, and we want to hold buyers by their hands from the initial purchasing stage down to the regular daily experiences of owning a car. Our blog researches and publishes important information every car enthusiast and owner must know about. Why? Because long-lasting car ownership thrives on helpful maintenance information.
Conclusion
At the core of the service at Carmart.ng is access. Access to car owners, sellers, buyers, and enthusiasts. There’s something for everyone interested in cars. If you are a private car seller looking for buyers, read more about how to place car Ads on our website.
When it comes to buying a car, there are so many things that car owners should consider before deciding on a car. Some of the top things car buyers want to know are its durability and fuel efficiency.
In the Nigerian case, many car owners are drawn towards durable cars due to the poor road conditions in the country. With the spike in the price of fuel within the country, car buyers now want fuel-efficient cars more than ever. However, should durability be prioritized over fuel efficiency when buying cars in Nigeria?
In this article, we provide the answer to the question.
Importance of Buying Durable Cars in Nigeria Rpad networks in present-day Nigeria are a mixture of paved highways, potholed city streets, and unpaved rural roads. Buying a durable car in the country is not a luxury; it’s a necessity. Durable cars are built to handle the bumps, potholes, and uneven surfaces joined on many Nigerian roads. They provide peace of mind to drivers and passengers, ensuring a safer and more comfortable journey.
When checking out durability during car purchase, these are the specifications car buyers in Nigeria look into:
Vehicle Ground Clearance Vehicles with higher ground clearance are better equipped to handle uneven surfaces without scraping the undercarriage.
Vehicle Suspension A vehicle with a strong suspension system helps absorb shocks from potholes and rough terrains, providing a smoother ride.
Vehicle’s Body Build A sturdy body structure can withstand impacts and maintain passenger safety in accidents.
All-wheel drive (AWD) or Four-wheel drive (4WD) These drivetrain options improve traction on slippery and unpaved surfaces.
Durable Tires High-quality, durable tires with deep treads provide better grip on uneven roads.
Durable Cars Available in Nigeria There are a wide range of durable cars to purchase in Nigeria. Some of the top-rated ones on the list include:
Toyota Corolla The Toyota Corolla is famous and loved in Nigeria because it is reliable and durable. The Corolla is one car that will never spend unnecessary extra time in the mechanic workshop. They rarely break down. A Toyota Corolla model between 2002 and 2007 is bulletproof, which is why you see it all over the place, which has become annoying to people who notice cars on the road. Toyota Corolla leads the most reliable cars in Nigeria list.
Toyota Prado Toyota Prado is one Toyota SUV that just cuts across everything nicely when you are analyzing a full-size SUV. From 2009 to 2021, the Toyota Prado has been running on the same kind of engine variation, and it has never been problematic for its Nigerian users. The availability of parts and seasoned technicians for the Toyota Prado makes it the go-to SUV for the leaders of the corporate world in Nigeria. Everybody wants a car on the most reliable cars in Nigeria list, and the Prado is just perfect.
Mercedes-Benz GLK The Mercedes-Benz GLK is a compact SUV that Benz only produced for one generation between 2008 and 2015. This SUV had only one trim, the GLK350, and an almost perfect engine. The GLK just suited a lot of unique needs of Nigerians like maximum chilling A/C, leather seats, high ground clearance, premium interior entertainment, Mains switch in some models, etc.
Lexus ES350 The Lexus ES350 from 2007 – 2021 is one of the best mid-size luxury sedan cars produced in the world today, and it is the best mid-price range luxury car you can buy in Nigeria. Unlike the Lexus IS and GS, the ES has no known problem or re-occurring fault. The Lexus ES also ages very well, so every Nigerian is trying to buy this car.
Safe to say, the Lexus ES is one of the most reliable cars Lexus has ever made. The car is straightforward to modify/facelift. I saw a 2008 Lexus ES350 with a 2020 model front fascia, which was imposing.
Honda Civic Honda Civics from 1995 till date has one of the most reliable drive-trains ever. Also, this is the first time I have seen a Honda Civic with that ball-joint failure problem in Nigeria. People just avoid the Civic for no concrete reason.
Toyota 4Runner The Toyota 4runner remains the most reliable SUV in the history of SUVs in Nigeria, which is also one of the reasons why the 4runner is so popular with Nigerians. 4runners are very much under-talked about because they don’t look the most attractive regarding matters of an SUV. Only owners of Toyota 4runners know that this SUV will never stress you in Nigeria.
Importance of Buying a Fuel-Efficient Car With the increase in the price of fuel in Nigeria, fuel-efficient cars have become in high demand. Many car owners are now looking for cars that reduce fuel consumption. As such, most people are torn between compromising on vehicle durability over fuel economy.
Driving a fuel-efficient car reduces the fuel running costs you pay. Here are some of the top fuel-efficient cars you’ll find in Nigeria today.
The Toyota Corolla The Toyota Corolla is one of the most popular cars in Nigeria. Almost everyone in Nigeria drives a Corolla, and if you are looking for something that is not only fine looking but can conserve fuel very well, this car is undoubtedly your plug. Its fuel economy power ranges between 10 km/L to 13.7 km/L.
Honda Civic The Honda Civic is another car that is popular on many Nigerian roads. You must buy this car if you are looking for safety, comfort, fuel efficiency, and affordability. It is also spacious and built with a fantastic engine, with a fuel range of 12.3 km/L to 13.9 km/L.
Mazda 3 The Mazda 3 is built to offer a feeling of luxury for its users. The car is built interiorly with luxury components that give it a feel; the Mazda 3 is also fuel-efficient and has excellent engine capability. Its fuel efficiency ranges between 10.6 km/L and 13.9 km/L.
Toyota Camry Like the Toyota Corolla, the Toyota Camry is popular on Nigerian roads. It is affordable, has a nice exterior, is easy to handle and drive, is comfortable, and easy to maintain, and getting its car maintenance done isn’t stressful as it is a popular car in Nigeria. Its fuel efficiency capacity ranges between 9.8 km/L to 13.6 km/L.
Kia Forte The Korean-built car has a great engine and safety features that help give its riders confidence when using it. It is almost similar to the Hyundai Elantra, but the Kia Forte was introduced in Nigeria before the latter in early 2000. Its fuel economy status ranges from 10.7 km/L to 14.5 km/L.
Hyundai Sonata Comfort, affordability, and ease of use are the highlights of this car. It offers a fuel efficiency range of 8.5 km/L to 13.9 km/L. It is also popular on Nigerian roads, as it is beautiful to look at and comes at a very affordable price.
Durability or Fuel Efficiency: Which is Better for Nigerian Roads? Durability and fuel efficiency are both critical when buying a car in Nigeria. There’s no need to sacrifice one for the other because they are essential to car owners. Instead, focus on getting cars that have a mixture of both. Many cars in the market today are both durable and fuel-efficient. Toyota Corolla and Honda cars are a good example especially those with a four-cylinder engine.
While owning even a used car has seemed like an unrealizable dream for many Nigerians, this is about to change following the recent developments by the Nigerian government. The government has new plans, particularly for low-income earners, as it activates the implementation of the planned 42 per cent reduction in import tariff.
According to reports, with this planned reduction in the levy, car importers would pay 35 per cent duty and 5 per cent levy (instead of 35%), amounting to a 40 per cent tariff on imported vehicles. The 30 per cent deducted from the levy represents 42 per cent of the total 70 per cent tariff.
Reports note that this reduction in tariff is expected to also lead to a drop in the current market prices of cars. Why? As car dealers pay less on import duties, individual buyers will pay less for their favourite vehicles.
Business Day notes that when the National Automotive Policy 2013 came into effect, the tariff on imported vehicles became 35 per cent duty and 35 per cent levy, amounting to 70 per cent tariff. With the exchange rate continually increasing to the detriment of the naira, the cost of imported cars, even though used cars, continued growing until some people had to shift to buying locally used cars. This is apart from the role recession, inflation, and the shrinking purchasing power of many Nigerians played in straining the ability of Nigerians to own cars.
The result of the National Automotive Policy affected the average Nigerian who had to purchase “accident vehicles” that are cheaper to bring in and have less import duty. With the reduction in tariff, it is not sure that the importation of accident vehicles will reduce, but car importation generally will increase while acquisition becomes cheaper.
Speaking on this new development, Tony Anakebe, managing director of Gold-Link Investment Limited, told Business Day: “This would be good for low-income Nigerians who may be able to afford imported ‘Tokunbo’ cars rather than depend on Nigerian used cars. It will help grow the nation’s automobile industry and may increase the importation of new cars into the country.”
Also speaking to the publication, a man identified as Chukwu Emmanuel, a dealer at Berger Car Mart in Lagos, notes that it is cheaper to import accident cars, and the duty payable on them is also small because it comes with a rebate. He said that car dealers in Nigeria bring in accident vehicles and repair them before putting up the cars for sale.
Seyi Odutun, another Lagos-based car dealer, told the publication that importing accident cars became the delight of importers to bridge the gap created by high prices. He added that Nigerians are not buying used cars because they prefer them to new vehicles but because they are more affordable.
He said: “The citizens need vehicles for movement of persons, goods and services. Bringing in accident cars is one of the ways importers try to recoup from the money invested due to the high exchange rate and high tariff because it is cheaper and profitable to bring in such low-quality cars, repair and sell.”
Research conducted by Business Day also highlighted that about 70 per cent of cars presently imported into Nigerian markets are accident cars, as seven out of 10 vehicles cleared at the PTML Command of the Nigeria Customs Service (NCS) have been involved in an accident.
However, following the tariff reduction plan by FG, the publication noted that while it has legal backing contained in the Finance Act 2020, its implementation is yet to take off as Nigeria Customs says it is yet to receive authorization from the Federal Ministry of Finance, its supervisory ministry, giving the Service the ‘go ahead’ to begin implementation.
Cheaper Cars for Nigerians
Following the plan for the car importation tariff reduction, here are some of the cheapest cars to purchase in Nigeria today:
Mercedes-Benz C300 With about N2 million, you can easily own a Mercedes vehicle. The Mercedes C300 is one of the most affordable Mercedes cars currently in the country. While the latest model versions of this vehicle are pretty expensive, going after models like the 2004 to 2010 models is an excellent choice if you’re worried about your budget.
The Mercedes-Benz brand is a popular one in Nigeria, and the latest models of the brand are luxury cars. The C200 is a sleek-looking car that can be gotten at an affordable price. Mercedes-Benz, often related to luxury, leads people to believe that the rich can only afford it. Still, a luxury-looking Mercedes Benz C200 can be sold for less than N2 million in Nigeria. It all depends on the model and seller.
2001 Toyota Sienna In the list of cheapest cars to buy in Nigeria today, there’s still something for even families looking for affordable vehicles: the 2001 Toyota Sienna, which has a price range between N1 million to N1.8 million.
The Toyota Sienna is the perfect minivan that provides passengers comfort and security. It is an excellent choice for a large family as a family car. Although it does not have a sleek look, it will transport its owners to and fro for a very long time.
Toyota Camry 1996-2009 The Toyota Camry brand is one of the most popular cars on the streets of Nigeria. It has even been given many nicknames because of its popularity, easy maintenance, and fuel economy. It is also a comfortable car with in-built safety features, brakes, tires, and engines. In Nigeria, depending on the model, you can get a used, durable, and efficient Toyota Corolla for one million naira or below.
The 1996 to 2009 Toyota Camry prices in Nigeria range from N900,000 to N6 Million. You could afford to get your hands on any of these models depending on your budget. While most people might consider the 1996 model outdated, the 2004 to 2009 Toyota Corolla models are still presentable vehicles driven in Nigeria today, and the higher trim levels of some of these models come with advanced features you could still find in the latest model cars.
Let’s admit it; we all need a car, especially when you get to certain stages in your life, a car becomes a must-have. But you know, while we are all aware that we need one, we still haven’t made the move to get that dream car. It’s not because we don’t know how to drive really (P.S, if you don’t know how to drive, find out a list of driving schools you can explore here), the major challenge is the fact that we often can’t afford to pay for a brand new car or even a fairly used one all at once.
For a lot of people, our cash flow comes in monthly, or even if it doesn’t, it’s easier to calculate your income on a monthly basis. Well, that’s an advantage because you can easily pay for that dream car in monthly instalments; this implies not having the whole cash to pay for a car at once does not have to stop you from a car. Monthly instalment paying implies paying specific amounts over a period of months until you complete paying the entire cost of the car.
In today’s article, we bring you a guide on buying a car and making payments in monthly instalments in Nigeria.
Where To Get a Car for Monthly Instalment Option You can’t always get an option to pay in monthly instalments everywhere. Broadly speaking, two major sources that can offer monthly instalment options are:
Get Financing from your car dealer Some car dealers afford you the option to pay in monthly instalments. This means they become the lender while you become the borrower. In this instance, they offer you a payment plan such that you don’t have to pay for the car immediately, but depending on the cost of the car, the total cost is spread through the months (maybe 20-52 months), till the selling price is paid with interest.
In this case, until you pay in full for the car, even though you flex around with the car, you don’t have total ownership or right to the car.
Lend Directly When you lend directly, then the car dealers are not the ones offering financial aid, but rather you source for the cash, using a car loan from other places e.g. banks, cooperative societies, etc. Hence, you enter into a financial agreement with the car loan source on how you will pay the money in full with interest.
Factors That Affect Your Monthly Installment Payment/Plan
Down Payment Down payment is the amount of money you pay out-rightly that covers part of the cost of the car and signifies your commitment to fully purchase the car. The downpayment can represent any per cent of the overall cost of the car, it depends on the agreement between you and the lender.
For instance, if you are buying a brand new Honda Clarity which costs about #12 million if the down payment is 20%, then you are paying #2.4 million upfront. This means you are left with 9.6 million to complete the payment.
Now, the more the amount you pay as a down payment, the lesser the amount of money you have to pay as monthly instalments and vice versa.
Autos › Buy Top Toyota, Lexus, And Honda Cars Under ₦1.5 Million Naira At Carmart.africa by Carmartng(op): 12:32pm On Aug 12, 2024
