2024 Ford Maverick XLTTrue Cost of Ownership in Nigeria
250 hp turbocharged inline-4. Full cost breakdown including import duty (35%), VAT (7.5%), insurance, fuel at ₦0.55/L, maintenance, and depreciation.
Purchase Price
$41K
Base: $28K
Annual Total
$8K
Insurance + fuel + maintenance
Import Duty
$10K
35% of base price
VAT
$3K
7.5% applied
Annual Insurance
$550
Avg for this country
5-Year Total
$79K
Purchase + 5yr running costs
2024 Ford Maverick XLT — 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) | $28K |
| Import Duty (35%) | $10K |
| VAT / Sales Tax (7.5%) | $3K |
| Total Purchase Price | $41K |
| Annual Insurance | $550 |
| Annual Fuel Cost | $1K |
| Annual Maintenance | $786 |
| Annual Depreciation | $5K |
| Registration & Road Tax | $250 |
| Total Annual Running Cost | $8K |
| 5-Year Total Cost of Ownership | $79K |
| Cost Per Kilometer | $0.513 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Ford Maverick XLT Fuel Cost Calculator — Nigeria
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,073
USD equivalent
Monthly Fuel Cost
$89
Per month average
Annual Liters Used
1,950L
At 15,000 km/yr
Cost per 100km
$7.15
13L × ₦0.55
Ford Maverick XLT Depreciation Curve
The Ford Maverick XLT loses approximately $13K (46%) of its value over 5 years.
Year-by-Year Value
| New | $28K | 100% |
| Year 1 | $23K | 82% |
| Year 2 | $20K | 73% |
| Year 3 | $18K | 65% |
| Year 4 | $17K | 59% |
| Year 5 | $15K | 54% |
Depreciation based on truck segment averages.
Ford Maverick XLT vs. Competitors in Nigeria
How does the Ford Maverick XLT compare to similar cars available in Nigeria?
Ford
Maverick XLT
Base Price
$28K
Annual Cost in Nigeria
$8K
Ford
F-150
Base Price
$35K
Annual Cost in Nigeria
$9K
Chevrolet
Silverado
Base Price
$34K
Annual Cost in Nigeria
$8K
Toyota
Tacoma
Base Price
$30K
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 = 350% 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
Ford Maverick XLT in Nigeria — Frequently Asked Questions
Common questions about owning a Ford Maverick XLT in Nigeria.
The 2024 Ford Maverick XLT has a base price of $28,000 USD. In Nigeria, after 35% import duty and 7.5% VAT, the total purchase price is approximately $40,635 USD (₦40,635 NGN).