2024 BYD Yangwang U8True Cost of Ownership in Nigeria
1,100 hp hybrid SUV. Full cost breakdown including import duty (35%), VAT (7.5%), insurance, fuel at ₦0.55/L, maintenance, and depreciation.
Purchase Price
$218K
Base: $150K
Annual Total
$43K
Insurance + fuel + maintenance
Import Duty
$53K
35% of base price
VAT
$15K
7.5% applied
Annual Insurance
$550
Avg for this country
5-Year Total
$434K
Purchase + 5yr running costs
2024 BYD Yangwang U8 — Full Cost Breakdown in Nigeria
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $150K |
| Import Duty (35%) | $53K |
| VAT / Sales Tax (7.5%) | $15K |
| Total Purchase Price | $218K |
| Annual Insurance | $550 |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $471 |
| Annual Depreciation | $42K |
| Registration & Road Tax | $250 |
| Total Annual Running Cost | $43K |
| 5-Year Total Cost of Ownership | $434K |
| Cost Per Kilometer | $2.885 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
BYD Yangwang U8 Fuel Cost Calculator — Nigeria
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
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⚡ Electric Vehicle
The BYD Yangwang U8 runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Nigeria.
$0 Fuel Cost
Electric vehicle — no gasoline required
BYD Yangwang U8 Depreciation Curve
The BYD Yangwang U8 loses approximately $86K (57%) of its value over 5 years.
Year-by-Year Value
| New | $150K | 100% |
| Year 1 | $108K | 72% |
| Year 2 | $93K | 62% |
| Year 3 | $81K | 54% |
| Year 4 | $72K | 48% |
| Year 5 | $65K | 43% |
Depreciation based on electric segment averages.
BYD Yangwang U8 vs. Competitors in Nigeria
How does the BYD Yangwang U8 compare to similar cars available in Nigeria?
BYD
Yangwang U8
Base Price
$150K
Annual Cost in Nigeria
$43K
Tesla
Model 3
Base Price
$42K
Annual Cost in Nigeria
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Nigeria
$5K
BMW
i4
Base Price
$56K
Annual Cost in Nigeria
$8K
Annual costs estimated for Nigeria market. Import duty (35%) and VAT (7.5%) applied to all models.
🇳🇬 Owning a Car in Nigeria
Low fuel cost but poor road infrastructure.
Very Expensive for Nigeria
Annual car costs = 1967% of average Nigeria income ($2K/yr)
Average Annual Income
$2K
In Nigeria
Fuel Price
₦0.55/L
Gasoline dominant
Avg Car Insurance
$550
Per year
Import Duty
35%
On vehicle value
VAT / Sales Tax
7.5%
Applied at purchase
Driving Side
Right-hand
Africa
Popular Car Brands in Nigeria
BYD Yangwang U8 in Nigeria — Frequently Asked Questions
Common questions about owning a BYD Yangwang U8 in Nigeria.
The 2024 BYD Yangwang U8 has a base price of $150,000 USD. In Nigeria, after 35% import duty and 7.5% VAT, the total purchase price is approximately $217,688 USD (₦217,688 NGN).