As Nigerians write their plans and set targets for the brand new yr, proudly owning a automobile sits on the record of many.
For individuals who dream of ditching lengthy, exhausting rides in Danfos, a finances of N10 million is a key to that subsequent chapter.
International used vehicles, popularly referred to as tokunbo, stay the spine of personal mobility in Nigeria.
New vehicles are priced far past the attain of the typical Nigerian, whereas regionally used automobiles typically include hidden histories. That leaves pretty used imports as the center floor many individuals are pressured to navigate.
A couple of years in the past, a extra steady naira and decrease clearing prices meant that N10 million supplied extra and higher choices. Right now, the panorama has shifted in profound methods.
What consumers are seeing right this moment is not only greater value tags, however fewer good offers. This finances nonetheless buys a automobile, however not the type of flexibility it as soon as provided.
Nairametrics reported that Nigeria’s passenger automobile imports slowed in 2024, with the entire worth dropping by 14.3% to about N1.26 trillion, down from N1.47 trillion in 2023. The decline mirrored weaker demand, pushed largely by trade charge volatility and financial pressures.
Importers and sellers are additionally grappling with sharply rising costs of clearing foreign used vehicles following latest coverage adjustments launched by the Nigeria Customs Service.
With this, the problem for some Nigerians seeking to spend N10 million or much less is extra than simply choosing a mannequin off a listing. It’s about discovering one thing in good situation that can final, with out stretching the finances too far.
Listed here are the tokunbo vehicles Nigerians can get beneath N10 million in 2026
The Toyota Camry LE from the 2007–2009 years stays one of the crucial revered midsize sedans within the Tokunbo market in Nigeria.
It comes with a 2.4‑litre 4‑cylinder engine that produces round 158 horsepower paired with a 5‑velocity computerized transmission. This setup delivers easy acceleration and satisfactory energy for metropolis driving and freeway cruising.
Some variants additionally embrace a 3.5‑litre V6 engine that enhances energy considerably, however for consumers centered on this finances, the 4‑cylinder model is extra widespread and typically extra gas‑environment friendly, averaging roughly 21 mpg metropolis and as much as 31 mpg freeway.
Components availability and mechanic familiarity throughout Nigerian cities additionally assist make upkeep comparatively easy.
