Are you looking for the best deals for used cars in the market? We know that not all used cars are affordable. Most of them are expensive, and the average Nigerian cannot afford them. While there are expensive used vehicles, cheap models can serve those on a tight budget.
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So, if you are on a tight budget and you’re in need of a car that is cheap, and will also last a very long time, then keep reading this article to know which cars they are and their current price in 2023.
Cheapest Car Prices In Nigeria In 2023
Do you know that without breaking the bank, you can find an affordable cheap car that will still serve you for a very long time? The below table contains the prices of the cheapest car deals you’ll get in Nigeria today.
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| Cheap Used Cars | Engine Capacity | Current Price In Nigeria |
| 2012 Nissan Juke | 1.8-litre Engine | 7 Million Naira |
| 2005 Toyota Matrix | 1.8-litre Engine | 3.8 Million Naira |
| 2003 Toyota Camry XLE | V6 Engine | 4 Million Naira |
| 2004 Toyota Camry LE | Four-cylinder Engine | 3.5 Million Naira |
| 2012 Hyundai Starex | Four-plug Engine | 7.5 Million Naira |
| 2010 Mitsubishi Outlander | 1.8-litre Four-plug Engine | 5.8 Million Naira |
Benefits Of Buying Cheap Used Cars In Nigeria
There are several benefits of buying cheap used cars in Nigeria. Here are some of them:
- Affordability: One of the primary benefits of buying a cheap used car is affordability. Used cars are often significantly cheaper than new cars, making them a great option for those on a budget or looking to save money.
- Lower Depreciation: Used cars have already gone through their initial period of depreciation, so their value tends to remain more stable over time compared to new cars. This means that you are less likely to lose a significant amount of money on the car’s resale value.
- Lower Insurance Premiums: The insurance premiums for used cars are typically lower than those for new cars, which can help you save money on the overall cost of owning a car.
- More options: When buying a used car, you have a wider range of options to choose from, including older models that are no longer being produced.
- Lower Financing Costs: If you need financing to purchase a car, the interest rates on loans for used cars are typically lower than those for new cars, which can save you money over the life of the loan.
- Lower Maintenance Costs: Used cars tend to have lower maintenance costs than new cars because they have already gone through their initial wear and tear. Additionally, parts and labour for repairs tend to be less expensive for used cars compared to new cars.
It’s important to note that when buying a used car, you need to be diligent in inspecting the car’s condition and checking its history to avoid buying a car with hidden problems or a fraudulent history. However, if you take the time to do your research, buying a cheap used car can be a great way to save money on the cost of owning a car in Nigeria.
Other Normal Cheap Cars In Nigeria
There are several normal cheap cars available in Nigeria. These cars are affordable and suitable for everyday use. Here are some examples of cheap cars in Nigeria:
- Toyota Camry: The Toyota Camry is a popular sedan that is known for its reliability, fuel efficiency, and low maintenance cost. It is available in different model years and can range from ₦1.5 million to ₦8 million, depending on the model year and condition.
- Honda Accord: The Honda Accord is another popular sedan that is known for its reliability, fuel efficiency, and comfortable ride. It is available in different model years and can range from ₦1.5 million to ₦8 million, depending on the model year and condition.
- Toyota Corolla: The Toyota Corolla is a compact sedan that is known for its reliability and fuel efficiency. It is available in different model years and can range from ₦1.2 million to ₦16 million, depending on the model year and condition.
- Nissan Altima: The Nissan Altima is a mid-size sedan that is known for its comfortable ride and reliability. It is available in different model years and can range from ₦1.5 million to ₦7 million, depending on the model year and condition.
- Kia Rio: The Kia Rio is a subcompact sedan that is known for its affordability and fuel efficiency. It is available in different model years and can range from ₦1 million to ₦4 million, depending on the model year and condition.
It’s important to note that the prices of these cars may vary depending on the condition, mileage, and location. It’s always advisable to inspect the car thoroughly and check its history before making a purchase.
Conclusion
If you are wondering how much you can buy the 2012 Nissan Juke, the 2005 Toyota Matrix, the 2003-2004 Toyota Camry, the 2010 Mitsubishi Outlander, or the 2012 Hyundai Starex, their prices are above and the prices are below 8 million Naira
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