2024 Hyundai Grand i10 NiosTrue Cost of Ownership in Nigeria
83 hp inline-4. Full cost breakdown including import duty (35%), VAT (7.5%), insurance, fuel at ₦0.55/L, maintenance, and depreciation.
Purchase Price
$15K
Base: $10K
Annual Total
$4K
Insurance + fuel + maintenance
Import Duty
$4K
35% of base price
VAT
$1K
7.5% applied
Annual Insurance
$550
Avg for this country
5-Year Total
$33K
Purchase + 5yr running costs
2024 Hyundai Grand i10 Nios — 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) | $10K |
| Import Duty (35%) | $4K |
| VAT / Sales Tax (7.5%) | $1K |
| Total Purchase Price | $15K |
| Annual Insurance | $550 |
| Annual Fuel Cost | $495 |
| Annual Maintenance | $354 |
| Annual Depreciation | $2K |
| Registration & Road Tax | $250 |
| Total Annual Running Cost | $4K |
| 5-Year Total Cost of Ownership | $33K |
| Cost Per Kilometer | $0.243 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Hyundai Grand i10 Nios Fuel Cost Calculator — Nigeria
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$495
USD equivalent
Monthly Fuel Cost
$41
Per month average
Annual Liters Used
900L
At 15,000 km/yr
Cost per 100km
$3.30
6L × ₦0.55
Hyundai Grand i10 Nios Depreciation Curve
The Hyundai Grand i10 Nios loses approximately $5K (49%) of its value over 5 years.
Year-by-Year Value
| New | $10K | 100% |
| Year 1 | $8K | 80% |
| Year 2 | $7K | 70% |
| Year 3 | $6K | 62% |
| Year 4 | $6K | 56% |
| Year 5 | $5K | 51% |
Depreciation based on economy segment averages.
Hyundai Grand i10 Nios vs. Competitors in Nigeria
How does the Hyundai Grand i10 Nios compare to similar cars available in Nigeria?
Hyundai
Grand i10 Nios
Base Price
$10K
Annual Cost in Nigeria
$4K
Toyota
Yaris
Base Price
$22K
Annual Cost in Nigeria
$4K
Honda
Fit
Base Price
$21K
Annual Cost in Nigeria
$4K
Hyundai
i20
Base Price
$20K
Annual Cost in Nigeria
$4K
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 = 166% 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
Hyundai Grand i10 Nios in Nigeria — Frequently Asked Questions
Common questions about owning a Hyundai Grand i10 Nios in Nigeria.
The 2024 Hyundai Grand i10 Nios has a base price of $10,000 USD. In Nigeria, after 35% import duty and 7.5% VAT, the total purchase price is approximately $14,513 USD (₦14,513 NGN).
Related Car Cost Pages
Hyundai Grand i10 Nios in Other Countries
- 🇺🇸Hyundai Grand i10 Nios in United States
- 🇬🇧Hyundai Grand i10 Nios in United Kingdom
- 🇩🇪Hyundai Grand i10 Nios in Germany
- 🇫🇷Hyundai Grand i10 Nios in France
- 🇯🇵Hyundai Grand i10 Nios in Japan
- 🇦🇺Hyundai Grand i10 Nios in Australia
- 🇨🇦Hyundai Grand i10 Nios in Canada
- 🇳🇴Hyundai Grand i10 Nios in Norway
- View all 50 countries →