The Naira devaluation and the Customs tariff have meant that the Naira equivalent of most vehicles is quite different from their dollar price. It has also meant that it’s hard to find the exact price of cars in the country, as there are no set prices, and each dealer sells depending on how much they purchased them.
While there are irregularities when it comes to the prices of cars in Nigeria, it’s still important to have an idea of the current cost price of these vehicles before venturing into the market.
As such, in this article, we have highlighted the current prices of new 2022 Toyota vehicles in Nigeria gotten from 234Drive.
Keep reading below to find out the various Toyota SUVs, sedans, and trucks and their present Nigerian prices.
| 2022 Toyota Models | Current Price (s) in Nigeria |
| 2022 Toyota Camry | N48 Million |
| 2022 Toyota Corolla | N37 Million |
| 2022 Toyota RAV4 | N65 Million |
| 2022 Toyota Prado | N90 Million |
| 2023 Toyota Landcrusier | N140 Million |
| 2022 Toyota Hiace Bus | N49 Million |
| 2022 Toyota Highlander | N79 Million |
| 2022 Toyota Rush | N35 Million |
| 2022 Toyota Hilux | N45 Million |
Reasons Why Nigerian Car Buyers Love Toyota Vehicles
While there’s no knowledge of when Toyota cars took over the Nigerian car industry, what is known is that there are major reasons car owners continue to seek out Toyota cars and some of the major reasons include:
- Toyota Vehicles are Known for Their Comfort
If you want a car you can simply be comfortable in, Toyota is the one for you. It has a good number of features that are geared toward making its users feel comfortable.
- Though not Luxury Vehicles Toyota is Known for its Classy Looks
Well, you can probably already tell from those that you find around. Of course, Toyota cars are not the flashiest car you would find around, however, it still remains one that exudes that classy look in its own way.
- Toyota Vehicles are Durable and Have Strong Build
An average Nigerian would consider this factor before they consider many other things. This is because Nigeria is plagued with bad roads here and there. For this reason, a car that doesn’t get damaged at every single pothole it falls into is definitely going to be well appreciated.
- Toyota Vehicles are Reliable & Cars Require Low Maintenance and Repair Costs
Being as popular as it is, there are bound to be a lot of its parts on the market. Also, Toyota vehicles have great reliability and don’t break down easily. However, whenever it does, the repair costs are not as exorbitant as other vehicles.
Conclusion
While Toyota vehicles are not luxury cars, their prices have skyrocketed in Nigeria owing to the Naira devaluation. As such, car dealers convert the amount they spend to purchase the vehicles to Naira before selling. Also, they include the custom tariff charges and of course, their profit. All of this is the reason the prices of these Toyota cars are over the roof.
