2024 Lexus NX 350hTrue Cost of Ownership in Nigeria
239 hp hybrid inline-4. Full cost breakdown including import duty (35%), VAT (7.5%), insurance, fuel at ₦0.55/L, maintenance, and depreciation.
Purchase Price
$65K
Base: $45K
Annual Total
$15K
Insurance + fuel + maintenance
Import Duty
$16K
35% of base price
VAT
$5K
7.5% applied
Annual Insurance
$550
Avg for this country
5-Year Total
$138K
Purchase + 5yr running costs
2024 Lexus NX 350h — 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) | $45K |
| Import Duty (35%) | $16K |
| VAT / Sales Tax (7.5%) | $5K |
| Total Purchase Price | $65K |
| Annual Insurance | $550 |
| Annual Fuel Cost | $990 |
| Annual Maintenance | $2K |
| Annual Depreciation | $11K |
| Registration & Road Tax | $250 |
| Total Annual Running Cost | $15K |
| 5-Year Total Cost of Ownership | $138K |
| Cost Per Kilometer | $0.974 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Lexus NX 350h Fuel Cost Calculator — Nigeria
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$990
USD equivalent
Monthly Fuel Cost
$83
Per month average
Annual Liters Used
1,800L
At 15,000 km/yr
Cost per 100km
$6.60
12L × ₦0.55
Lexus NX 350h Depreciation Curve
The Lexus NX 350h loses approximately $24K (54%) of its value over 5 years.
Year-by-Year Value
| New | $45K | 100% |
| Year 1 | $34K | 75% |
| Year 2 | $29K | 65% |
| Year 3 | $26K | 57% |
| Year 4 | $23K | 51% |
| Year 5 | $21K | 46% |
Depreciation based on luxury segment averages.
Lexus NX 350h vs. Competitors in Nigeria
How does the Lexus NX 350h compare to similar cars available in Nigeria?
Lexus
NX 350h
Base Price
$45K
Annual Cost in Nigeria
$15K
BMW
3 Series
Base Price
$45K
Annual Cost in Nigeria
$12K
Mercedes-Benz
C-Class
Base Price
$47K
Annual Cost in Nigeria
$13K
Audi
A4
Base Price
$44K
Annual Cost in Nigeria
$12K
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 = 664% 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 NX 350h in Nigeria — Frequently Asked Questions
Common questions about owning a Lexus NX 350h in Nigeria.
The 2024 Lexus NX 350h has a base price of $45,000 USD. In Nigeria, after 35% import duty and 7.5% VAT, the total purchase price is approximately $65,306 USD (₦65,306 NGN).