Best Cars for Taxi Business in Nigeria & Prices (2024)
Last updated on August 4th, 2023 at 08:24 pm
Operating a transportation business in Nigeria can be quite lucrative, but it’s important to choose the right car for the job. In this post, we’ll take a look at five of the best cars for taxi businesses in Nigeria. Whether you’re starting your own taxi company or looking to upgrade your current fleet, these vehicles will get the job done. Keep reading to learn more!
Since travel from one location to the next is a necessity, the transportation industry is one of the most profitable to invest in any region of the globe. With that and Nigeria’s expanding population, you have the makings of a very successful enterprise if you venture into the transport business. Not all vehicles are appropriate for commercial transportation operations, whether it be a taxi service, Uber for local or interstate travel. There are a few things to think about that will affect your transport business’s profitability if you’re planning to purchase an automobile for the taxi business.
FACTORS TO CONSIDER WHEN BUYING CARS FOR TRANSPORT BUSINESS
If you take these factors into account, you’re sure to find a best car for your business that will bring in profits for years to come.
EFFICIENCY OF FUEL
Commercial use of a fuel-guzzling vehicle is not recommended as it will significantly reduce your profit and cause you to operate at a loss. Fuel efficiency is one of the most important aspects to consider when choosing a vehicle for your taxi business. Nigeria’s roads are congested, and traffic is only getting worse. You want a car that won’t guzzle fuel so you can save money and keep your fares low. The Toyota Corolla is the most fuel efficient vehicle in Nigeria due to its 1.6-litre engine. It’s also comfortable for passengers, which is an important consideration since you’ll be transporting people around on a regular basis.
REPAIR AND MAINTENANCE COSTS
Some automobiles require a lot of upkeep. You must choose a car with affordable maintenance because all cars occasionally have defects. Another thing to consider is the initial cost of the vehicle. You don’t want to overspend on your fleet and put yourself in a difficult financial position. Instead, look for cars that are more affordable but still offer features that will be beneficial to your business. The Toyota Yaris is a good vehicle option in this category. It’s small and manoeuvrable, so it’s easy to get around in Nigeria’s crowded cities. Plus, it has a surprisingly spacious interior, which is perfect for larger groups or families.
THE STATE OF THE VEHICLE
Purchase an automobile that is fault-free to avoid endangering lives and your transportation business. Once you’ve decided on the type of car you need, it’s time to start shopping around. There are many dealerships and private sellers offering vehicles for sale, so take your time and compare prices before making a purchase. With a little bit of research, you’re sure to find the best car for your taxi business
NIGERIAN ROAD CONDITIONS
Given how degraded Nigerian roads are, you need a tough vehicle to travel on them. Only vehicles that can pass through safely should be used. The best cars for taxi business in Nigeria are those that have high clearance, like Toyota car brands. These cars are built to withstand any terrain, making it ideal for travel on Nigeria’s often bumpy roads. It’s also fuel-efficient, so you can save money on petrol while you’re transporting your passengers.
ACCESS TO REPLACEMENT PARTS
There are several automobiles for which spare parts are difficult to locate on the Nigerian market. Avoid purchasing these kinds of vehicles since it will be difficult to replace worn-out, damaged, or worn-out parts when they eventually need to be replaced. Also, keep in mind that some cars are more expensive to insure than others. Choose a vehicle that is both affordable to purchase and insure to save yourself money in the long run.
5 BEST CARS FOR TRANSPORT BUSINESS IN NIGERIA
The top vehicles for taxi business in Nigeria and their prices are listed below.
TOYOTA COROLLA
There is a reason why the Toyota Corolla is one of the most well-liked automobiles in Nigeria. The car, the Toyota Corolla, has a lot to offer. The Toyota Corolla is a well-made and attractive automobile. It is extremely sturdy and one of the best fuel-efficient vehicles in the country. According to reports, the Corolla’s 1.8L engine choice can travel up to 30 miles on a single gallon of fuel. The Toyota Corolla also has affordable maintenance and repair costs. Additionally, the vehicle boasts a fantastic music system and nice air conditioning. The corolla price ranges from ₦2.5 million to ₦3.5 million depending on the year. It is understandable why it is the vehicle that transportation companies utilize the most.
TOYOTA AVENSIS
Like the Toyota Corolla, the Toyota Avensis is another vehicle made by Toyota. This automobile gets good gas mileage. Models of the Avensis come with 1.8L, 2.0L, and 2.4L engine options. One gallon of petrol would get you up to 27 miles (or 36 minutes at 45 mph) while using the 1.8L engine. In general, Toyota cars are inexpensive to fix and maintain. They are therefore ideal candidates for the transportation industry. The Toyota Avensis’ pricing which ranges from ₦3 million to ₦5 million may vary depending on the production year.
HONDA ACCORD
When it comes to popularity, particularly among owners of transportation companies, the Honda Accord is another good fuel-efficient car like the Toyota. The Honda Accord provides you with the best driving experience without breaking the wallet, just like the Toyota Corolla. The Honda Accord uses extremely little petrol. The vehicle is also renowned for its durability; you may find many Honda Accord owners who have had theirs for many years. It features a fantastic sound system and adequate room inside for passengers. A Nigerian used 2007 Honda Accord may be purchased for ₦2, 700, 000, while a 2009 model would cost you ₦3, 325, 000, depending on the car shop you visit. When setting the price, the condition of the car is also taken into account.
HONDA CITY
A Honda City’s 1.5L engine can travel 32 miles on just one gallon of fuel. The car also has a sleek appearance, which is another factor that makes it a popular choice for transportation business. A used Honda City 2009 model may be found for about ₦2.7 million, or little less than ₦2.5 million. It’s comfortable for passengers and has a spacious interior, perfect for families or larger groups.
TOYOTA SIENNA
The Toyota Sienna is a common sight and can be used for taxi business in Nigeria. It is one of the most widely used commercial 7-seater car models in Nigeria. It has three rows of seats that can accommodate 7-8 people. There is a passenger seat in front, and the second and third rows of seats in the back can hold at least 4-6 passengers. Also see our best car picks for uber riding in Nigeria.
The car’s trunk offers enough room for loads or cargo. For even more cargo space, the third-row seat can be folded. Additionally, this vehicle is favored for long-distance travel and has a very low fuel consumption rate. The Toyota Sienna requires moderate maintenance, and replacement components are readily available whenever a problem arises. Where you purchase a Toyota Sienna will determine its price.
VOLKSWAGEN VENTO
The Volkswagen Vento is an illustration of a typical five-seater commercial vehicle that can be used for taxi business. In Nigeria and other countries throughout the world, it has gained popularity as an automobile model. The Vento’s interior layout is distinctive and ideal for business uses. To accommodate its passengers, the vehicle has a single seat in the back section. This vehicle likewise uses little gasoline. This indicates that when using it for business, owners and drivers of transportation companies can turn a sufficient profit. The Volkswagen Vento requires averagely little maintenance, which keeps the costs down. Keep in mind that the cost of a new Volkswagen Vento is always more than that of a used vehicle. The Vento pricing ranges from ₦300,000 to ₦1.5 million depending on the model.
