Toyota Corolla Bank Type Price in Nigeria [Available]

The Toyota Corolla models from 2003 to 2008 are considered ‘Bank Type’ in Nigeria. If you look at the 2002 model and the models from 2009, you’ll see that they are different from the 2003-2008, which we fondly call Bank Type or Official Corolla in Nigeria. Corolla is like rice, which is the most common staple in Nigeria. You’ll see it everywhere, and Bolt drivers love it. Unfortunately, it is also considered a thief magnet.

Its reputation for reliability, fuel efficiency, and durability has made it a favorite, and it doesn’t matter whether you’re a car enthusiast or a first-time buyer—it’s the perfect car for anyone who doesn’t want to spend on maintenance.

Toyota Corolla Bank Type Price in Nigeria

• 2003 Toyota Corolla CE (base model): ₦1.2 million – ₦1.5 million
• 2003 Toyota Corolla LE (mid-range): ₦1.5 million – ₦1.7 million
• 2003 Toyota Corolla XLE (high-end): ₦1.7 million – ₦1.8 million
• 2004 Toyota Corolla CE (base model): ₦1.4 million – ₦1.7 million
• 2004 Toyota Corolla LE (mid-range): ₦1.7 million – ₦1.9 million
• 2004 Toyota Corolla XLE (high-end): ₦1.9 million – ₦2.1 million
• 2005 Toyota Corolla Bank Type LE is 3.4m
• 2006 Toyota Corolla CE (base model): ₦1.8 million – ₦2.1 million
• 2006 Toyota Corolla LE (mid-range): ₦2.1 million – ₦2.3 million
• 2006 Toyota Corolla XLE (high-end): ₦2.3 million – ₦2.5 million
• 2007 Toyota Corolla CE (base model): ₦2.5 million – ₦2.8 million
• 2007 Toyota Corolla LE (mid-range): ₦2.8 million – ₦3.1 million
• 2007 Toyota Corolla XLE (high-end): ₦3.1 million – ₦3.4 million
• 2008 Toyota Corolla CE (base model): ₦2.8 million – ₦3.2 million
• 2008 Toyota Corolla LE (mid-range): ₦3.2 million – ₦3.6 million
• 2008 Toyota Corolla XLE (high-end): ₦3.6 million – ₦5.0 million

These prices are for Nigerian used. Toks will be a bit more expensive depending on the mileage and condition.

Toyota Corolla Bank Type Design, Safety & Performance

This Bank Type Toyota Corolla is typically sleek, and even though it’s about two decades old, it has aged like fine wine. The exterior is a curved front grille with angular headlights, and a sloping roofline. Yes, the Bank Type has a sporty look as well.

As for the interior, it is spacious and has enough leg room and headroom for both driver and passengers. Comes with chilling AC, power windows, and working CD player with up to four speakers.

As for safety, this bank type has dual airbags, anti-lock brakes (ABS), and electronic brakeforce distribution (EBD).

Under the hood, Corolla Bank Type typically has a 1.8-liter i4 engine that produces 126 horsepower and 127 lb-ft of torque. It’s not a performance car but is fuel efficient and sufficient for city driving and highway cruising. This is why Bolt and Uber drivers love this car. In fact, there is a theory that Uber and Bolt are the reasons the Bank Type Corolla is expensive and also a thief magnet in Nigeria.

Conclusion

Buy this Corolla if what you are looking for are durability, cheap maintenance, fuel efficiency, and NOT performance. If you need something commercial for Uber, get a Corolla. Before you pay for this car, come with your mechanic to inspect it thoroughly. Not everyone who wears a coat is a good mechanic. A Kazeem, for instance, will not make a good decision when inspecting this ride.

Most importantly, check the papers, negotiate the price based on the mileage and condition and buy only from a reputable dealer or direct seller.

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