500k looks small if you look at how expensive things have become in Nigeria. However, we still have many good cars you can buy with this budget. The best place to find cars below 5000 000 in Nigeria is offline so that you buy from the original owner. Some agents are really fond of increasing the sales price.
So, we have cars available within and around your state from direct owners. It’s easy to find a car online but most people you’ll see online are middle men or dealers. They won’t tell you the truth.
Also, available 500k cars are small cars like Golf or Baby Boy. If you buy from a very good owner, you won’t have to spend the equivalent amount for repairs.
Cars Below 500,000 in Nigeria
According to Vanguard news, the Nigerian market in terms of new cars is about 12, 000 to 13, 000 cars but the used car market is on the average of 500,000 cars per year. So, there are quite a lot of used cars available here, including tokunbo and Nigerian used.
Toyota Camry 2000
Toyota Camry 2000 is available for sale at 599k. Not Negotiable. It’s in good condition, chilling AC, sound engine, smooth gear, reliable suspension, and spacious legs room. This car is a buy and drive—no costly repairs.
Toyota Camry Pencil Light
We have Toyota Camry Pencil Light in the following condition:
- Nicely baked
- Gear well selected
- Good engine
- No accident history
- Everything working perfectly inside the car
- No fillers
This vehicle is non negotiable at 579k. Bring your mechanic for pre pre-purchase inspection.
Peugeot 206
Peugeot 206 is also available with manual transmission. This car is Nigerian used at just under 500k in Nigeria. The price is not negotiable.
Mazda 626 2000
Buy a foreign used Mazda 626 2000 model wagon below 500,000 naira. Below is the condition of this vehicle:
- Working manual gear
- Factory fitted AC
- Good tyres
- Purely buy and drive
- Smooth engine
- Good shocks
This Mazda 626 2000 is up for sale and has excellent fuel economy. It’s a good car for personal use or transport and logistics.
Honda Accord – EOD (2004)
This Accord is a buy and drive, nothing to fix and good for commercial and personal use.
- 4 plugs
- Best car for Bolt or Uber
- Everything works perfectly fine
- Chilling AC
- Sound and untampered engine
- Gear is selecting perfectly
- Second body paint
- Good sound system
- Neat Leather interior and scratch free
Drives smooth with no accident history. You’ll also receive complete and valid documents with original custom papers.
Volkswagen Golf 3
Volkswagen Golf 3 is available in manual gear available, sound engine, and chilling AC. All paperwork available for a serious buyer.
Opel Zafira
You may not be familiar with this car but it’s a good car below 500 000 naira. The problem you’ll have is finding parts, especially if you don’t stay in Abuja, Lagos, or Ibadan. The engine and gear work perfectly. It’s a manual gear and first body.
Volkswagen Golf 4 Wagon
Buy a Volkswagen Golf 4 Wagon with first body for 500k if you reside in Kogi State. AC is not working—you can fix that because this is a very cheap car right for sale right now.
Toyota RAV4
Bring 550,000 for a RAV4 with sound engine and gear in good condition. It comes with chilling A/C and complete papers.
Toyota Sienna 2002 Model
Buy this sharp engine vehicle now. The gear works fine, and all documents are intact. Good interior and exterior. Second body, and no panel beating or filler. Comes with working AC and airbags. Sienna 2002 is absolutely a buy and drive good for any Nigerian road.
Toyota Corona
Toyota Corona is available for sale with untouched engine and gear. It has a chilling AC and no accident history.
Tips to Buy 500k Car in Nigeria
It’s possible to buy a 500k car or even cheaper as you can see in these listings. But it’s even better if you can meet a seller who is the original owner and desperately in need of cash. For a 500,000 naira vehicle, expect something that is 25 years old. Newer models are more expensive.
The reason you see overpriced cars these days is because of middlemen. The direct owners won’t sell for the same price middlemen advertise for. A lot of middlemen think that having a Jiji or Facebook account gives them the right to inflate the prices. They even openly ask for agent fees from buyers, and from sellers at the same time.
We have seen people advertise Nigerian used cars with bad transmission, engines, ACs, etc., for 3 million whereas original owners will sell them cheaper.
No matter, don’t buy a luxury car that sells for 500k, unless you are willing to spend 3 times this amount on your mechanic. You want to spend this money on used cars like VW Vento, Golf 2, Mazda 323, or Benz 190E.
So, try contacting the real owner of the car. If you are in the same state, try meeting the seller in person, and forget about agents. Original sellers will also give you true information about the maintenance, which is something middlemen do not know.
