Buying car in Nigeria: Why the cheapest option may not be the best value

When shopping for a new vehicle, it is natural for buyers to pay close attention to the purchase price. For many Nigerians, affordability is a major factor in deciding which vehicle to buy, particularly at a time when household and business budgets face competing demands .
However, selecting a vehicle based solely on its showroom price can be misleading.
The real financial commitment begins after the vehicle has been purchased. Over time, servicing, repairs, replacement parts, insurance, fuel and other running expenses determine how much the owner actually spends.
This is why the concept of total cost of ownership deserves greater attention in Nigeria’s automotive market.
The hidd...