There are many factors that buyers need to take into consideration when shopping for a new car: is it safe enough for the driver and the passengers?; is it spacious enough for the whole family?; and is its performance truly satisfying? Of course, the financial aspect of buying a car is equally important, and we’re not just talking about the purchase price of the vehicle the cost of owning a car is another thing you should consider.
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Find out the best economical cars you can buy in Nigeria today that are the most affordable to own.
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What Is An Economical Car?
Definition of an economical car is a car that is cheap to buy and cheap to keep. In a nutshell, that’s all there is to it. It has to be a reliable car that has good fuel economy and is something that is financially difficult to argue with. That’s the essence of economics, after all. Making your money go further.
Although it sounds as simple as that, there are a lot of different pieces that make up the puzzle of an economical car. You have the fuel side of things, the parts side of things, reliability, reputation, availability of work, legal requirements on top, and above all else, how much the things cost to buy in the first place. Every single one of these areas has a different impact on your wallet, so getting a basic knowledge of all of them is vital to buying the most economical car possible.
Fuel Economy
The first place most people go, and quite rightly, is fuel economy. Fuel economy is quite often the pivotal factor when it comes to an economical car since the prices are ever-increasing and you’ll be making the purchase more than you may like. Fuel economy comes down to a) the type of fuel required (diesel is cheaper to drive further, but means you pay more tax and is less efficient for short/slow journeys) and b) the vehicle’s MPG, or miles per gallon (how far your engine lets you go on a gallon of fuel. The higher the better).
Parts and Repairs
With some of the most economical cars on the market, it’s important to remember that their repairs and costs may well set them back. Remember especially when buying used cars that age can make things much more likely to go wrong. As technology becomes more advanced and more specialised eco-friendly vehicles are entering the used car market, it means that parts may be more difficult to find, more costly, and potentially can become a recurring cost too. Make sure you do some homework on the vehicle’s reputation and the availability of parts.
Car Costs
Lastly, there’s the cost of the car. Of course, it goes without saying, but make sure the car is in your price range. To really get the most economical car possible, it may even be worth spending more on the purchase in order to save money on things like fuel economy and cheaper parts, or more reliability. It’s totally down to you, but do keep it in mind!
8 Best Economical Cars To Buy In Nigeria
- Toyota Yaris
Toyota’s lineup of vehicles is filled with economical models, but the Toyota Yaris, which is both fuel-efficient and easily maintainable, is a dream that comes true for budget-conscious buyers.
Available as a sedan or hatchback, the Toyota Yaris can be your reliable and affordable companion for numerous car journeys, while the performance of this tiny car will leave you in awe.
- Kia Optima
Even though the Kia Optima is representative of the highly competitive midsize sedan car segment, it definitely stands out from hundreds of its competitors.
With four generations under its belt and plenty of technology and convenience features, the Kia Optima is also one of the cheapest cars to maintain, and the spare parts for your Optima are very easy to find.
- Honda Civic
The Honda Civic is one of the most versatile cars in its price range.
It can function as a family car, a comfy and efficient ride to work and back, and an exciting racing vehicle when you’re in the mood for adventure. Add that to Honda’s famous fuel economy, effortless maintenance, and affordable repairs, and you’ll see why this model is now a mainstay of the Nigerian car market.
- Toyota Prius
The Toyota Prius has the honour of being the first mass-produced hybrid car, but it has much more to offer its owners.
Sure, the initial costs of buying the Prius may not be as low as we’d want, but in the long run, the price of the Toyota Prius is completely justified. Plus, just imagine how much you’ll save on fuel thanks to the hybrid technology!
- Hyundai Sonata
Hyundai has always been known for producing affordable and fuel-efficient cars, but the Hyundai Sonata is the standout model in its glorious lineup.
Good-looking, powerful, equipped with outstanding safety characteristics, easily maintainable, and available at a surprisingly low price—no wonder that the Hyundai Sonata has become so popular in Nigeria.
- Nissan X-Trail
It is a common opinion that all economical cars are either sedans or hatchbacks, but the Nissan X-Trail is one of the few exceptions.
This crossover SUV delivers performance that can easily compete with the pricier offers in this segment, but low ownership costs, outstanding fuel efficiency, and the legendary durability of Nissan cars are all great reasons to get the Nissan X-Trail.
- Mazda 6
The Mazda 6 may not be the cheapest car on our list, but it certainly offers a lot of value.
Everything about this car, from the performance to the interior, and from the technology features to the drivetrain, is aimed at the high-end car segment. Luckily, the price of the vehicle, its mileage, and its low maintenance costs make it a true car for people.
- Ford Focus
In the past decade, the Ford Focus has managed to become one of the most sought-after cars for middle-class buyers.
For its affordable price, the Ford Focus offers numerous strong points.
The styling, the performance, and the additional features will make you feel like you’re driving a much more expensive car, but the impressive mileage and easy repairs are what make this model so great.
Conclusion
Now that you probably have the name of your dream low-cost car in your head, there is only one step left to owning that car.
Simply visit Carmart.ng to check out thousands of used cars for sale in Nigeria. There is every make, model, production year, and price range you can imagine.
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