Even though Nigerians mostly buy used cars, the country still has a high demand for cars in the entire Africa. Even the middle class has grown three times larger in the last decade and a half and very few brand new cars have been purchased.
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A survey conducted by Nigeria’s online vehicle marketplace, Carmudi.com has shown that Nigeria is the most expensive country to buy a car when compared to its neighbouring West and South African countries. The study which focused on the used car model manufactured between 2008 and 2013 provided insights into the price difference across some of the surveyed countries in West Africa.
Luxury cars were not very popular in African countries in the past, as they were considered to be the poverty capital of the world. Although, according to many statistics, it is still considered the poverty capital, the rise of business moguls like Dangote, and Otedola, high and rising politicians, and wealthy people from many other walks of life have made luxury cars more common in Africa including entertainers like Wizkid, Davido. Luxury car brands like Porsche, Lamborghini, Range Rover, Rolls-Royce and so on are no longer uncommon sights. It is not unusual to see a long convoy of luxury cars cruising around towns like Lagos, and Cape Town.
Expensive cars in South Africa
- Bentley Bentayga
- Lamborghini Aventador
- Ferrari 488 Spider
- Mercedes-Benz G Wagon
- Rolls-Royce Phantom
- Ferrari F12 Berlinetta
- Range Rover SVAutobiography
- Bentley Mulsanne EWB
- Ferrari 812 Superfast
According to statista.com, As of 2023, the most expensive luxury car in South Africa, was the Maserati MC20, with a high price tag of 6.9 million South African rand (around 365 thousand U.S. dollars). The Ferrari 296 GTB followed close behind, costing 6.8 million South African rand (about 360 thousand U.S. dollars). Ranking third with a value of 5.2 million South African rand (approximately 275 thousand U.S. dollars), was the Huracan Evo RWD coupe.
Expensive cars in Nigeria
In Nigeria, the kind of cars you ride is a symbol of your status and affluence. Nigeria can boast of having millionaires and billionaires born and bred within its borders. Despite the failing economy of the country, there are still some who can afford to fill up their garage with lots of luxurious and expensive cars.
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In Nigeria, having a car is a prestige especially when it is a fancy and expensive car that comes with comfort, class and a fast and running engine but most of these cars come at expensive prices. The following are the top expensive cars you would find in Nigeria:
- Maybach 62s
A Maybach 62S reportedly cost over N182 million. The model was one of the first Maybach brands to be produced along with the Maybach 57. E-money shared photos of himself posing beside a Maybach 62S on his Instagram page. It is no surprise that E-money can afford a car as expensive as the Maybach 62S, as he is known for living an expensive lifestyle.
- Mercedes Brabus G700
As a vehicle that costs up to N180 million, it is definitely one of the top expensive vehicles you can find in Nigeria. If you have ever thought that Mercedes cars were the epitome of luxury, you need to check out the models from the Brabus department, as their styling, mechanics, and the thrill of driving are well worth their price.
This new concept car is known as the BRABUS 800 BLACK & GOLD Edition. It has a striking resemblance to the styled BRABUS WIDESTAR widebody version with numerous carbon elements and 23-inch BRABUS Monoblock Y “Platinum Edition” hi-tech forged wheels painted gold to contrast with the black vehicle body.
- Brabus Bullit Coupe 800
This Brabus was found on Lagos Street and is said to be worth over 90 million Naira. The BRABUS BULLIT Coupe 800 seamlessly continues the tradition of high-performance supercars from Bottrop. It is based on the two-door Mercedes C63 AMG model and in place of the 6.3-litre fast-revving V8 that powers the production car, a twelve-cylinder engine in BRABUS 800 V12 Biturbo specification lurks beneath the matte-black exterior.
- Range Rover Sentinel
This Range Rover Sentinel was spotted in Abuja and is said to be worth over N89 million naira, which is a whopping large sum of money to spend on a car. It was designed to face modern, unconventional forms of attack. This now includes defence against Improvised Explosive Devices, with Range Rover Sentinel tested to STANAG 4569 against a powerful mine positioned to the side of the vehicle and from behind the front wheel.
- Rolls Royce Phantom
For various Nigerian celebrities, this has been a favourite choice of car. Each new collection continues to provide a thrilling sensation to many Nigerian billionaires. Jimoh Ibrahim, a billionaire with business interests scattered all over Nigeria, has a very expensive Rolls Royce in his fleet of cars. Jim Ovia, Femi Otedola, and Bola Shagaya are also in this class of Rolls Royce lovers. This car costs over N82 million.
- Bentley Mulsanne price
The Bentley Mulsanne boasts a formidable road presence. The crisp, sharp lines and the sweeping curves of the car and interior are simply magnificent. It presents the finest hides and tasteful veneers throughout the cabin. Aliko Dangote has his name mentioned on the list of Nigerian billionaires who own the Bentley Mulsanne. This car is worth over N60 million.