Owning a Rolls-Royce in Nigeria entails a whole lot and isn’t just a small name. In this article, we’re not just talking about the Cullinan SUV or the Phantom; we’ll be looking into the real cost, which includes taxes, duties, shipping, and everything associated with owning such a vehicle in Nigeria. Read on to learn more.
Table of Contents
Price of the Rolls Royce Cullinan and Phantom in Nigeria
Let’s start with the base price of a Rolls Royce. A new Rolls-Royce Cullinan, depending on the specifications and customizations starts at around $350,000 in the United States. The Phantom, which is part of Rolls-Royce luxury, begins at a range of $450,000. These figures, however, are just the starting point for the Nigerian buyer.
Below are some of the expenses to also look out for when planning on buying a Rolls-Royce.
- Importation Expenses
Nigeria’s automotive import system is a challenging one. High import duties, which often exceed 70% of the vehicle’s value, form the first major challenge. This instantly adds a substantial amount to the price.
Other levies, including Value Added Tax (VAT), port charges, and clearing fees begin to add up. These cumulative costs can easily double the original price of the car before it even touches Nigerian soil. This means that a Cullinan of $350,000 base price can quickly balloon to over $700,000, or even more, once these import-related expenses are included.
The Phantom, which already has a higher starting price, faces an even larger amount of charges, potentially exceeding $1 million by the time it’s ready for delivery.
- Shipping and Logistics
Transporting a luxury vehicle like a Rolls-Royce from its manufacturing facility in Goodwood, England, to Nigeria is a complex logistical operation.
Shipping costs, insurance, and the meticulous handling required to ensure the car arrives in perfect condition all contribute to the final price. These costs usually amount up to large amount if you want to get your vehicle in one piece.
- Personalization and Style
Rolls-Royce is renowned for its unique features you get straight away from the factory , allowing buyers to personalize their vehicles to a beautiful style . These ranges from unique paint finishes and interiors to personalized embroidery like your name or anything of interest to you.
This level of customization, while adding to the personal touch, also adds up to the price. In Nigeria, where people of status and class are highly valued, these options are often embraced, as it will help you bypass some checkpoints and also enter influential places, it further inflates the final cost of your Rolls-Royce.
- Currency Fluctuations
Nigerian Naira’s exchange rate against major currencies like the US dollar and the British pound plays a crucial role in determining the final price of a Rolls-Royce. Fluctuations in the exchange rate can cause major price changes, making it difficult to pin down an exact figure.
A weakening Naira means a more expensive import, adding another layer of expenses to the pricing equation and that has been the case in recent times.
- The Dealer Network and After-Sales Service
Official Rolls-Royce dealers are not as prevalent in Nigeria as in other markets, there are authorized importers and service centers that cater to the needs of Rolls-Royce owners. These people provide after-sales service, maintenance, and access to genuine parts, all of which come at a higher price.
The specialized nature of Rolls-Royce vehicles needs trained technicians and specialized equipment, further contributing to the overall cost.
The Cullinan and The Phantom
While both the Cullinan and the Phantom represent automotive luxury, they both cater to different needs and preferences. The Cullinan, as an SUV, is versatile, because of this, it is appealing to those who desire a luxurious vehicle that can also handle challenging roads.
The Phantom, on the other hand, remains the all known Rolls-Royce, embodying elegance and comfort.
In Nigeria, both models are highly used by the class, but the Cullinan’s nature may make it slightly more appealing to some buyers, because of the country’s diverse road conditions. However, the Phantom’s iconic status ensures it is continuously appealing among those seeking ways to make their luxury lifestyle visible.
Conclusion
The real price of a Rolls-Royce Cullinan or Phantom in Nigeria is not just a particular price tag.
It’s a complex calculation that takes into account import duties, shipping costs, bespoke options, currency fluctuations, after-sales service, and lots more. However, for those who can afford it, the price is often secondary to the experience and feelings they want to get from owning a Rolls-Royce. This is because owning a Rolls-Royce in Nigeria is not just about owning a car.
It’s about owning a piece of luxury, which can speak for you even before you say anything in the public. There are people who are ready to pay the price for the privilege of owning such luxury.
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