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Best "tokunbo" cars you can get between ₦3m–₦4m

Best "tokunbo" cars you can get between ₦3m–₦4m
Your choices are between a Nissan Micra 2002 and a Danfo bus!
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In Nigeria, 5 years ago (around 2019-2020), a budget of 3-4 million Naira could have purchased a range of tokunbo cars, including popular choices like the Toyota Corolla and Honda Civic.

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Other options within that price range would have included used, but well-maintained cars, such as a Toyota Camry, and potentially some newer, more affordable SUVs like the Hyundai i20 or Kia Picanto. But now, your choices are between a Nissan Micra 2002 and a Danfo bus!

What Is A Tokunbo Car?

In Nigeria, a "Tokunbo car" refers to a fairly used, second-hand vehicle that has been imported from another country, often the United States.

If you are looking to buy a car now, you need to consider your budget. If you have ₦2m, or even ₦3m, you’ll need a good dose of luck to find a solid deal. But if you're working with ₦5m, consider yourself in a comfortable spot, because your options open up nicely.

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Still, if your budget is between ₦3–₦4 million, finding reliable and affordable options is a bit tough, but there are still some good buys. At least the 10 cars we would list below are pretty solid, for the most part. Whether you want comfort, economy, or style, there’s something here for you.

1. Hyundai Santa Fe (2004)

Hyundai Santa Fe (2004)
  • Engine Options: 2.4L 4-cylinder or 2.7L V6

  • Fuel Type: Petrol

  • Transmission: Automatic/Manual

  • Fuel Economy: ~10-11 km/l

This is an affordable entry into the SUV world. This car is a stylish Korean SUV with a comfortable cabin and decent performance. Early models lacked a V6 engine, but later ones came fully equipped. It’s comfortable, stylish in its own way, and decent for family use or light travel. Just be cautious, some models come with electrical issues. When you are about to buy this car, watch out especially for this.

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2. Toyota Solara (2003–2004) – The Sporty Coupe

Toyota Solara (2003–2004)
  • Engine Options: 2.4L 4-cylinder or 3.3L V6

  • Fuel Type: Petrol

  • Transmission: Automatic

  • Fuel Economy: ~9-10 km/l

This car has a stylish 2-door design, a reliable Toyota engine with convertible option. It is perfect for those who want Camry reliability with a sporty twist. It shares most of its parts with the Camry, so repairs and maintenance are not hard in Nigeria. The V6 version gives more power, while the 4-cylinder keeps it fuel-efficient. Make sure the leather seats and interior trims haven’t suffered from sun damage, which is common in Nigeria’s hot climate.

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3. Nissan Micra (2002)

Nissan Micra (2002)
  • Engine: 1.0L or 1.4L 4-cylinder

  • Fuel Type: Petrol

  • Transmission: Manual (mostly)

  • Fuel Economy: ~14-16 km/l

With the high price of fuel, this car is perfect because of its excellent fuel economy. The 2002 Micra is a favourite among drivers because of its compact size and strong engine. It's easy to park and reliable. Most of them are Tokunbo, but you can find Nigerian-used ones in great condition. It's ideal for transporters, especially in Ibadan, and small business owners. It is also best for school runs and short-distance errands. With how old this car is, you would think this car should cost ₦2m.

4. Honda Civic (iRobot – 2006–2011)

Honda Civic (iRobot – 2006–2011)
  • Engine: 1.8L or 2.0L i-VTEC

  • Fuel Type: Petrol

  • Transmission: Automatic/Manual

  • Fuel Economy: ~11-13 km/l

You should buy this car because it has a stylish, reliable, and futuristic interior. It was nicknamed “iRobot” because of its space-age dashboard design. This Civic generation is a favourite in Nigeria for good reason. It’s strong, agile, and durable. The digital speedometer and smooth ride make it a joy to drive. When you are about to buy this car, look out for transmission issues in poorly maintained units and stick to low-mileage models.

5. Toyota Camry (2002–2006) – “Big Daddy”

Toyota Camry (2002–2006)
  • Engine: 2.4L 4-cylinder

  • Fuel Type: Petrol

  • Transmission: Automatic

  • Fuel Economy: ~10-12 km/l

This car is reliable, has cheap parts, and is great for long-distance travel. It is popularly known as “Big Daddy” or “Big for Nothing.” This Camry is a legend. It may look large, but it handles like a sedan and runs like a champ. Used heavily by transporters and working professionals alike. It is best for ride-hailing businesses and family rides.

6. Hyundai Accent (2006)

Hyundai Accent (2006)
  • Engine: 1.4L or 1.6L

  • Fuel Type: Petrol

  • Transmission: Manual/Automatic

  • Fuel Economy: ~14-16 km/l

This is an extremely fuel-efficient car with a smooth ride. Believe it or not, the 2006 Accent is more expensive now in the used market than when it launched. That’s how much people value its fuel economy. It’s perfect for everyday commutes and can run on low fuel budgets. However, it is not ideal for big families or those who travel with a lot of luggage.

7. BMW E46 (1998–2005)

BMW E46 (1998–2005)
  • Engine Options: 2.5L, 2.8L, 3.0L Inline-6

  • Fuel Type: Petrol

  • Transmission: Manual/Automatic

  • Fuel Economy: ~9-11 km/l

The E46 is a beloved compact luxury sedan. It’s classy, sporty, and gives that signature German feel. If well-maintained, it's a joy to drive. The biggest challenge is its maintenance. You’ll need a good mechanic and a budget for premium parts. It's best found in Northern Nigeria (Kano, Kaduna), less corrosion due to the drier climate.

8. Honda Pilot (2004–2005)

Honda Pilot (2004–2005)
  • Engine: 3.5L V6

  • Fuel Type: Petrol

  • Transmission: Automatic

  • Fuel Economy: ~9-11 km/l

The Pilot is spacious, comfortable, and functional. It's great for large families or logistics use. However, it’s a bit thirsty when it comes to fuel. Also, watch out for oil consumption and worn-out suspension on high-mileage units. It has three rows of seats and is great for road trips. Just stick to one with a clean maintenance history.

9. Danfo (Commercial Bus)

Danfo (Commercial Bus)
  • Engine: 2.0L or 2.4L (Depending on model)

  • Fuel Type: Petrol/Diesel

  • Transmission: Manual

  • Fuel Economy: Variable

A Danfo bus is a business. This car used to be less than ₦3m at some point, but the new cost now is between ₦3.4M and ₦3.6M. It is a smart investment for anyone entering the transport business. It has a high-income potential and is practical for commercial use. When you are buying, budget for rebranding and minor body repairs.

10. Mazda Tribute (2004–2005)

Mazda Tribute (2004–2005)
  • Engine: 2.3L or 3.0L V6

  • Fuel Type: Petrol

  • Transmission: Automatic

  • Fuel Economy: ~9-11 km/l

Mazda’s Tribute was often overlooked but offers good value in the Nigerian market. It's essentially a Ford Escape in Mazda skin, meaning cheap and available parts. It’s a practical option if you want an SUV but can’t afford a RAV4 or CR-V. It also shares components with the Ford Escape. It is rugged and roomy.

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