7 Car Brands With The Worst Resale Value In Nigeria

Buying a comfortable car with good performance is not the only thing you consider when buying a car in Nigeria. Apart from the power and performance of the car, the resale value is equally important. A car with a bad resale value means that if you intend to resell your car, you won’t make as much money from selling it.

So, if you are in Nigeria and planning to buy a car, there are certain cars you should not go after because of their low resale value. Below are some car brands with the worst resale value in Nigeria today.

Volkswagen

Interestingly, Volkswagen used to be one of the hottest cars in Nigeria, especially in the early 2000s. But, the moment the brand released the four-cylinder turbocharged engine, the resale value of the Volkswagen started going down the drain.

For instance, the Volkswagen Passat and the Jetta often develop crazy electrical and gearbox issues. This led to a reduction in the car’s value, as the continued to be unreliable. Now, with just 3.5 million Naira, you can buy a neat 2015 Volkswagen Passat, which is also the same price as a 2010 Toyota Corolla. This means the Passat that it’s five years behind in resale value against the Corolla.

Audi

The Audi car is one of the cars many Nigerians don’t want because of its maintenance challenge. Most Audi cars run on premium petrol that you cannot find in Nigeria today. Another thing is that the Audi has a very complex electrical and mechanical system that most Nigerian technicians cannot understand.

Audi parts are not hard to find in Nigerian, though. But, their Tokunbo parts are not reliable. Getting original car parts for the Audi is one challenge many faces in Nigeria.

Range Rover

One shocking thing about the Range Rover SUV is that it is one SUV whose reliability reduces the more the vehicle gets older, making the resale value drop. The only way a car has great resale value is by how solid it remains even while it ages. 

In Nigeria, once buyers discover that your Range Rover has serious issues, they’ll offer you farther below the purchasing price. Of course, Nigerians love the Range Rover, and many are currently going after it. However, once the Range Rover passes the 10-year mark, it starts developing serious issues that make it harder to maintain.

Jaguar

Jaguar is one British car that many Nigerians don’t regard. Most of the Jaguar models look more expensive than they are. With how expensive-looking the cars appear, most Nigerians shy away from them because they look as though they’re expensive.

That’s not all for the Jaguar. They are also very unreliable cars because they are made by the company that makes the Range Rover.

Pontiac Fiat Saab

Most cars from unfamiliar brands are some of the cars with the worst resale value in Nigeria. The reason is that their spare parts are hard to source in the Nigerian market. Even those you could find are sometimes extremely expensive for the average Nigerian.

As such, most Nigerians avoid buying cars from brands that are not popular in Nigeria. The resort is always going after brands like Toyota, Honda, Mercedes, and even Hyundai, which is one of the significant reasons these car brands are popular on Nigerian roads. 

BMW

The BMW is one of the ultimate driving machines if you own one. But, many Nigerians are scared of owning one because of the maintenance and how much it costs to manage your BMW with Nigerian roads. This is one of the reasons BMW cars are affordable in Nigeria.

For instance, the BMW E90 is about 2 million Naira in Nigeria, whereas its rival vehicle in the Mercedes-Benz family costs around 4 million Naira to acquire. Generally, BMW has very poor reliability in Nigeria, and because of that, its resale value keeps dropping.

All Supercars

Every single supercar in Nigeria has a poor resale value. That includes the Bugatti, Lamborghini, Ferrari, Mc Laren, and many other supercars. Because of the bad roads in Nigeria and how challenging it can be to source their spare parts, nobody ever pays what these cars are worth in the Nigerian market.

• See Why most people Prefer Toyota Corolla as one of the best cars to get
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• You Should Start Selling Your Car If It Shows Any Of These 10 Signs

If you own a supercar in Nigeria, the reality is that the value will significantly drop once you want to resell the vehicle. 

Conclusion

These are some of the cars and car brands with the worst resale value in Nigeria. If you are not ready to lose a lot of money from your expensive purchase of cars, avoid these cars. Because, in the Nigerian market, you’ll be lucky if you even get ⅔ of its resale value price.