In Nigeria, there’s a constant demand for the “Best Cheapest Cars” as budget-conscious consumers seek dependable and cost-effective transportation solutions. This article on IchieTech aims to guide you through the most budget-friendly car options available in Nigeria while emphasizing the importance of affordable yet reliable vehicles in a country facing economic challenges. The importance of the “Best Cheapest Cars” in a nation facing economic challenges cannot be overstated, as they enhance mobility, helping people commute to work, run errands, and explore the country without straining their finances.
List of the Cheapest Cars Under 5 Million Naira
1. Toyota Camry (2007 – 2009)
The Toyota Camry from 2007 to 2009 marked a significant era in the sedan’s history. Popularly called muscle or spider by the Nigerian car faithful, it’s renowned for its reliability, comfort, and practicality, The Camry continued to be a top choice for families and commuters alike. With its sleek and timeless design, it appealed to a wide range of drivers. The 2007-2009 models offered a variety of engines, including fuel-efficient four-cylinders and powerful V6 options, catering to different preferences. Inside, the Camry boasted a spacious and well-appointed cabin, with user-friendly controls and ample trunk space. Its reputation for durability and resale value made it a smart investment, cementing its status as a beloved classic in the automotive world.
| Market Price | |
| Nigerian Used | ₦3,700,000 |
| Foreign Used (Tokunbo) | ₦5,000,000 |
2. Honda Accord (2007 – 2010)
The Honda Accord from 2007 to 2010 continued to excel in its role as a dependable and well-rounded sedan. It appealed to a wide range of drivers due to its blend of practicality, dependability, and style. The Accord displayed a sleek and modern design that stood the test of time during this period. It offered a variety of engine options, including efficient four-cylinders and powerful V6s, to accommodate a wide range of tastes. The cabin was spacious and thoughtfully designed on the inside, with user-friendly technology and plenty of cargo space. The Accord’s reputation for durability and resale value made it a wise choice, cementing its position as a reliable favourite in the automotive market.
| Market Price | |
| Nigerian Used | ₦2,850,000 |
| Foreign Used (Tokunbo) | ₦4,850,000 |
3. Toyota Corolla (2004 – 2007)
The Toyota Corolla from 2004 to 2007 was well-regarded for its reliable engine and commendable performance. It was powered by a 1.8-litre four-cylinder engine that provided a good balance of efficiency and power for daily driving. Depending on the trim level, this engine produced between 126 and 164 horsepower. Its fuel economy is excellent, making it a cost-effective option for fuel-conscious drivers. The suspension on the Corolla provided a comfortable and smooth ride, with precise steering for easy manoeuvring. While it was not a sports car, it excelled at providing a dependable and efficient driving experience, which contributed to its long-term popularity in the compact car segment.
| Market Price | |
| Nigerian Used | ₦2,700,000 |
| Foreign Used (Tokunbo) | ₦3,800,000 |
List of the Cheapest Cars Under 6 Million Naira
1. Toyota Camry (2011)
The 2011 Toyota Camry is a popular choice for budget-conscious buyers in Nigeria, with used models costing less than 6 million Naira. Under the hood is a dependable 2.4-litre four-cylinder engine known for its fuel efficiency and dependability. This engine produces approximately 169 horsepower, allowing for smooth acceleration during daily commutes and highway driving. The Camry’s suspension provides a comfortable ride, making it ideal for Nigerian roads, and its responsive steering makes it easy to manoeuvre in traffic. Overall, the 2011 Camry provides a balanced combination of engine power and ride comfort, making it a practical and cost-effective option for Nigerian buyers on a tight budget.
| Market Price | |
| Nigerian Used | ₦3,800,000 |
| Foreign Used (Tokunbo) | ₦5,750,000 |
2. Volkswagen Passat (2012)
The 2012 Volkswagen Passat is an attractive option for those seeking a used car under 6 million Naira in Nigeria. Its standout feature is its robust engine lineup, including a 2.5-litre five-cylinder engine or an optional 3.6-litre V6, both known for delivering a smooth and powerful performance. The 2.5-litre engine offers ample torque for daily driving, while the V6 provides even more zest for those who crave extra power. The Passat’s well-tuned suspension strikes a great balance between comfort and agility, ensuring a comfortable ride on Nigerian roads. Overall, the 2012 Passat offers a strong engine choice and solid performance, making it a compelling option for budget-conscious buyers.
| Market Price | |
| Nigerian Used | ₦3,550,000 |
| Foreign Used (Tokunbo) | ₦5,800,000 |
3. Honda Accord (2012)
The 2012 Honda Accord, available for purchase in Nigeria under the 6 million Naira budget, is a reliable and efficient sedan with a 2.4-liter four-cylinder engine producing around 190 horsepower. It offers smooth acceleration, making it suitable for city and highway driving. The Accord’s responsive steering and well-tuned suspension ensure nimble handling, making it a wise choice for budget-conscious buyers seeking a reliable sedan in the Nigerian market.
| Market Price | |
| Nigerian Used | ₦3,450,000 |
| Foreign Used (Tokunbo) | ₦4,850,000 |
List of the Cheapest Cars Under 7 Million Naira
1. Toyota Avalon (2011)
The 2011 Toyota Avalon is an excellent choice for a used car in Nigeria under 7 million Naira. It is powered by a reliable 3.5-litre V6 engine that delivers smooth and powerful performance. It has 268 horsepower and provides quick acceleration and smooth highway cruising. The Avalon’s engine is well-known for its durability and fuel efficiency, making it an excellent choice for Nigerian roads and frugal drivers. Its suspension system provides a smooth and comfortable ride, absorbing bumps and ensuring a pleasurable driving experience. Whether you’re commuting in the city or travelling long distances, the engine and performance of the 2011 Toyota Avalon will exceed your expectations without breaking the bank.
| Market Price | |
| Nigerian Used | ₦3,450,000 |
| Foreign Used (Tokunbo) | ₦ 7,000,000 |
2. BMW 550i (2008)
The 2008 BMW 550i is a celestial choice for those seeking a powerful used car under 7 million Naira in Nigeria. Its 4.8-litre V8 engine produces 360 horsepower, providing exhilarating acceleration and a thrilling driving experience. Its 6-speed automatic transmission ensures smooth gear shifts, while rear-wheel drive offers exceptional handling on Nigerian roads. This combination of luxury and power makes it an attractive option for budget-conscious enthusiasts seeking a thrilling ride without breaking the bank.
| Market Price | |
| Nigerian Used | ₦3,600,000 |
| Foreign Used (Tokunbo) | ₦6,800,000 |
3. Hyundai Sonata (2012)
The 2012 Hyundai Sonata is a budget-friendly car in Nigeria, with a 2.4-liter four-cylinder engine and a smooth-shifting automatic transmission. It offers 200 horsepower and is suitable for daily driving and highway cruises. The Sonata’s responsive handling and comfortable suspension make it an excellent choice for city traffic or road trips. Its affordability, reliability, and commendable engine performance make it a compelling choice for budget-conscious car buyers.
| Market Price | |
| Nigerian Used | ₦3,700,000 |
| Foreign Used (Tokunbo) | ₦6,400,000 |
List of the Cheapest Cars Under 8 Million Naira
1. Toyota Camry (2014)
The 2014 Toyota Camry is arguably one of the best-used cars below 8 million naira to buy, It’s reliable and features a 2.5-litre four-cylinder engine that balances power and fuel efficiency, making it suitable for daily commuting or longer trips. The interior is comfortable and spacious, with quality materials and supportive seats. The Camry’s intuitive controls ensure a user-friendly experience. It also comes with a touchscreen display for efficient entertainment and connectivity. Overall, the Camry delivers on engine performance, interior comfort, and infotainment, making it a smart choice for budget-conscious buyers.
| Market Price | |
| Nigerian Used | ₦5,500,000 |
| Foreign Used (Tokunbo) | ₦7,800,000 |
2. BMW GT 550i (2010)
The 2010 BMW 550i Gran Turismo is a powerful, luxurious car with a powerful 4.4-litre V8 engine, offering a thrilling driving experience. The interior is luxurious, featuring high-quality materials, comfortable seating, and ample space for passengers and cargo. The infotainment system is user-friendly, providing navigation and premium sound quality. The car’s sporty handling and smooth ride make it a standout choice in its class. The 2010 BMW 550i GT is a remarkable choice for those seeking a used car under 8 million Naira in Nigeria.
| Market Price | |
| Nigerian Used | ₦5,000,000 |
| Foreign Used (Tokunbo) | ₦7,200,000 |
3. Lexus ES350 (2010)
The 2010 Lexus ES350 is a great choice for those looking for a used car under 8 million Naira in Nigeria. It features a 3.5-litre V6 engine, providing smooth and refined performance. The interior is plush and well-crafted, with high-quality materials, comfortable seats, and ample space for passengers and cargo. The infotainment system, though dated, offers solid functionality with user-friendly controls. The Lexus ES350 focuses on delivering a serene and comfortable ride, making it an excellent choice for those valuing luxury and comfort in their used car purchase.
| Market Price | |
| Nigerian Used | ₦5,530,000 |
| Foreign Used (Tokunbo) | ₦7,550,000 |
List of the Cheapest Cars Under 9 Million Naira
1. Hyundai Sonata (2016)
The 2016 Hyundai Sonata for me just has to stand out as one of the best and reliable used cars below 9 Million Naira, with a powerful 2.4-litre four-cylinder engine for fuel efficiency and power output. It’s suitable for city commuting and highway drives. The interior is spacious and comfortable, with high-quality materials and a user-friendly layout. The Sonata comes with a responsive touchscreen display, Bluetooth connectivity, and a user-friendly interface for infotainment. It handles well with a smooth ride, making it an ideal choice for everyday driving. The suspension system ensures a balanced and comfortable driving experience, even on diverse road conditions. Overall, the Sonata is a practical, affordable, and well-rounded choice for budget-conscious buyers in Nigeria.
| Market Price | |
| Nigerian Used | ₦6,200,000 |
| Foreign Used (Tokunbo) | ₦9,000,000 |
2. Toyota Camry (2016)
The 2016 Toyota Camry is a reliable used car in Nigeria under 9 million Naira, featuring a 2.5-litre four-cylinder engine known for its strong performance and fuel efficiency. The spacious interior offers comfortable seating, ample legroom, and a user-friendly layout for both drivers and passengers. The Camry comes with an intuitive touchscreen interface, Bluetooth connectivity, and a solid sound system for easy connectivity and entertainment. It offers a balanced and comfortable ride with precise steering and compliant suspension, making it an excellent choice for Nigerian roads. Overall, the Camry combines reliability, comfort, and performance, making it a great value for those on a budget.
| Market Price | |
| Nigerian Used | ₦6,500,000 |
| Foreign Used (Tokunbo) | ₦8,800,000 |
3. Acura ILX (2015)
The 2015 Acura ILX is a budget-friendly used car in Nigeria, with a 2.0-litre four-cylinder engine that balances power and fuel efficiency. The interior is well-crafted with premium materials and comfortable seating, offering a luxurious experience for both drivers and passengers. The ILX features an easy-to-use touchscreen interface with Bluetooth connectivity, a USB port, and smartphone integration. It offers a sportier ride with nimble handling and smooth suspension, making it an excellent choice for those seeking value in a used car. The ILX excels in both city and highway driving, making it an excellent choice for those seeking value in a used car.
| Market Price | |
| Nigerian Used | ₦6,100,000 |
| Foreign Used (Tokunbo) | ₦8,000,000 |
List of the Cheapest Cars Under 10 Million Naira
1. Mercedes-Benz E350 (2014)
The 2014 Mercedes-Benz E350 is a luxurious, reliable, and affordable used car in Nigeria. It features a powerful 3.5-litre V6 engine with 302 horsepower, providing smooth and responsive driving. The interior is well-crafted with plush leather seats and refined wood accents, offering ample space for both drivers and passengers. The infotainment system offers a user-friendly interface, a crisp display, Bluetooth connectivity, and a premium sound system. The E350’s performance is impressive, with precise handling and a balanced ride, making it suitable for city traffic and long highway journeys. This Mercedes-Benz offers a blend of power, sophistication, and comfort within your budget.
| Market Price | |
| Nigerian Used | ₦7,500,000 |
| Foreign Used (Tokunbo) | ₦10,000,000 |
2. Kia Cadenza (2014)
The 2014 Kia Cadenza is a budget-friendly used car in Nigeria with a 3.3-litre V6 engine, delivering 293 horsepower for smooth and responsive driving. Its spacious cabin with quality materials and well-appointed seats is designed for enjoyable journeys. The Cadenza offers a user-friendly touchscreen interface, Bluetooth connectivity, and premium sound systems for connectivity. Its performance is comfortable and composed, with responsive handling and smooth suspension. The car is a reliable and stylish choice for those seeking a budget-friendly used car with a touch of luxury and practicality.
| Market Price | |
| Nigerian Used | ₦6,900,000 |
| Foreign Used (Tokunbo) | ₦9,950,000 |
3. Toyota Camry (2017)
The 2017 Toyota Camry is a reliable and practical used car in Nigeria, priced under 10 million Naira. It features a 2.5-litre four-cylinder engine with 178 horsepower, providing a smooth and efficient ride for daily commutes. The spacious interior is well-built with quality materials, providing a comfortable and quiet ride. The Camry comes with a user-friendly touchscreen system, Bluetooth connectivity, and features like navigation and smartphone integration. It handles well, offering a comfortable and composed ride for city driving and highway cruising. Overall, the Camry is an excellent choice for those looking for a reliable and practical car at a low price.
| Market Price | |
| Nigerian Used | ₦7,500,000 |
| Foreign Used (Tokunbo) | ₦9,850,000 |
Factors to Consider When Buying a Used Car
- Reliability: Even when seeking affordability, it’s essential to prioritize a car’s reliability. Look for models with a proven track record of dependability.
- Fuel Efficiency: With fluctuating fuel prices in our country, a fuel-efficient car can save you a considerable amount in the long run.
- Maintenance Costs: Consider the long-term costs associated with maintenance and repairs. Some budget-friendly cars come with affordable servicing options.
You can also read our article on ‘How to Inspect a Foreign or Nigerian Used Car‘ to gain a better understanding of the steps to follow when buying an affordable foreign or Nigerian used car. Now, let’s take a closer look at the best and cheapest cars to buy in Nigeria:
Keep in mind that these prices are approximate, and you may find some of these cars for more or less than the amounts listed.
Conclusion
This guide provides information on finding the best and cheapest cars to buy in Nigeria, allowing you to make an informed decision based on your budget and desired features. It highlights that affordability doesn’t compromise on quality or reliability. The cars listed in this article are budget-friendly and trustworthy options that can enhance your daily life.
