2024 Toyota VenzaTrue Cost of Ownership in Nigeria
219 hp hybrid. Full cost breakdown including import duty (35%), VAT (7.5%), insurance, fuel at ₦0.55/L, maintenance, and depreciation.
Purchase Price
$55K
Base: $38K
Annual Total
$10K
Insurance + fuel + maintenance
Import Duty
$13K
35% of base price
VAT
$4K
7.5% applied
Annual Insurance
$550
Avg for this country
5-Year Total
$105K
Purchase + 5yr running costs
2024 Toyota Venza — 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) | $38K |
| Import Duty (35%) | $13K |
| VAT / Sales Tax (7.5%) | $4K |
| Total Purchase Price | $55K |
| Annual Insurance | $550 |
| Annual Fuel Cost | $908 |
| Annual Maintenance | $707 |
| Annual Depreciation | $8K |
| Registration & Road Tax | $250 |
| Total Annual Running Cost | $10K |
| 5-Year Total Cost of Ownership | $105K |
| Cost Per Kilometer | $0.668 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Toyota Venza Fuel Cost Calculator — Nigeria
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$908
USD equivalent
Monthly Fuel Cost
$76
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$6.05
11L × ₦0.55
Toyota Venza Depreciation Curve
The Toyota Venza loses approximately $19K (49%) of its value over 5 years.
Year-by-Year Value
| New | $38K | 100% |
| Year 1 | $30K | 80% |
| Year 2 | $27K | 70% |
| Year 3 | $24K | 62% |
| Year 4 | $21K | 56% |
| Year 5 | $19K | 51% |
Depreciation based on suv segment averages.
Toyota Venza vs. Competitors in Nigeria
How does the Toyota Venza compare to similar cars available in Nigeria?
Toyota
Venza
Base Price
$38K
Annual Cost in Nigeria
$10K
Toyota
RAV4
Base Price
$32K
Annual Cost in Nigeria
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Nigeria
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Nigeria
$7K
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 = 455% 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
Toyota Venza in Nigeria — Frequently Asked Questions
Common questions about owning a Toyota Venza in Nigeria.
The 2024 Toyota Venza has a base price of $38,000 USD. In Nigeria, after 35% import duty and 7.5% VAT, the total purchase price is approximately $55,148 USD (₦55,148 NGN).