2024 Lexus IS 500 F Sport PerformanceTrue Cost of Ownership in Nigeria
472 hp NA V8. Full cost breakdown including import duty (35%), VAT (7.5%), insurance, fuel at ₦0.55/L, maintenance, and depreciation.
Purchase Price
$87K
Base: $60K
Annual Total
$19K
Insurance + fuel + maintenance
Import Duty
$21K
35% of base price
VAT
$6K
7.5% applied
Annual Insurance
$550
Avg for this country
5-Year Total
$182K
Purchase + 5yr running costs
2024 Lexus IS 500 F Sport Performance — 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) | $60K |
| Import Duty (35%) | $21K |
| VAT / Sales Tax (7.5%) | $6K |
| Total Purchase Price | $87K |
| Annual Insurance | $550 |
| Annual Fuel Cost | $1K |
| Annual Maintenance | $5K |
| Annual Depreciation | $12K |
| Registration & Road Tax | $250 |
| Total Annual Running Cost | $19K |
| 5-Year Total Cost of Ownership | $182K |
| Cost Per Kilometer | $1.267 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Lexus IS 500 F Sport Performance Fuel Cost Calculator — Nigeria
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,485
USD equivalent
Monthly Fuel Cost
$124
Per month average
Annual Liters Used
2,700L
At 15,000 km/yr
Cost per 100km
$9.90
18L × ₦0.55
Lexus IS 500 F Sport Performance Depreciation Curve
The Lexus IS 500 F Sport Performance loses approximately $26K (44%) of its value over 5 years.
Year-by-Year Value
| New | $60K | 100% |
| Year 1 | $48K | 80% |
| Year 2 | $43K | 72% |
| Year 3 | $39K | 65% |
| Year 4 | $36K | 60% |
| Year 5 | $34K | 56% |
Depreciation based on exotic segment averages.
Lexus IS 500 F Sport Performance vs. Competitors in Nigeria
How does the Lexus IS 500 F Sport Performance compare to similar cars available in Nigeria?
Lexus
IS 500 F Sport Performance
Base Price
$60K
Annual Cost in Nigeria
$19K
Porsche
911 Turbo S
Base Price
$210K
Annual Cost in Nigeria
$35K
McLaren
720S
Base Price
$300K
Annual Cost in Nigeria
$48K
Aston Martin
DB12
Base Price
$245K
Annual Cost in Nigeria
$40K
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 = 864% 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
Lexus IS 500 F Sport Performance in Nigeria — Frequently Asked Questions
Common questions about owning a Lexus IS 500 F Sport Performance in Nigeria.
The 2024 Lexus IS 500 F Sport Performance has a base price of $60,000 USD. In Nigeria, after 35% import duty and 7.5% VAT, the total purchase price is approximately $87,075 USD (₦87,075 NGN).
Related Car Cost Pages
Lexus IS 500 F Sport Performance in Other Countries
- 🇺🇸Lexus IS 500 F Sport Performance in United States
- 🇬🇧Lexus IS 500 F Sport Performance in United Kingdom
- 🇩🇪Lexus IS 500 F Sport Performance in Germany
- 🇫🇷Lexus IS 500 F Sport Performance in France
- 🇯🇵Lexus IS 500 F Sport Performance in Japan
- 🇦🇺Lexus IS 500 F Sport Performance in Australia
- 🇨🇦Lexus IS 500 F Sport Performance in Canada
- 🇳🇴Lexus IS 500 F Sport Performance in Norway
- View all 50 countries →