Tokunbo cars in Nigeria refer to used cars imported from various countries, with the United States, Europe, America, and Cotonou being major sources. These vehicles are resold in Nigeria as second-hand cars, often undergoing refurbishment such as repackaging, repainting, and repairs to make them appealing to Nigerian buyers.
Historically, the preference for Tokunbo cars in Nigeria grew after the civil war due to economic challenges. The fluctuating Naira-to-dollar exchange rate and reduced purchasing power led Nigerians to opt for more affordable Tokunbo cars instead of brand-new ones.
Tokunbo cars are popularly used in Nigeria due to their affordability, accessibility, availability of older models, etc.
However, there are downsides to Tokunbo cars, such as limited availability of newer models, negative economic impacts due to importing used cars, potential hidden issues, hindered growth of domestic automobile manufacturing, and varying road conditions in Nigeria.
Here is the price list of all Tokunbo cars in Nigeria.
|Toyota Camry Tiny Light||₦2,400,000|
|Honda Baby Boy||₦3,600,000|
|Honda Accord EOD||₦4,800,000|
|Land Rover Discovery||₦25,600,000|
|Land Rover Freelander||₦28,800,000|
|Land Range Rover Sport||₦32,000,000|