Lexus is a luxury automobile manufacturer known for producing high-end luxury vehicles. The Lexus LX 570 is a full-size SUV with powerful performance, cutting-edge technology, and an elegant design.
In this article, we will look at the Lexus LX 570 price in Nigeria and the factors that influence it.
Features of Lexus Cars in Nigeria
- Powered by a 5.7-liter V8 engine producing 383 horsepower and 403 pound-feet of torque.
- Interior Comfort:
- Spacious interior with seating for up to eight passengers.
- Advanced Features:
- Equipped with a 12.3-inch touchscreen, a 19-speaker premium audio system, and a rear-seat entertainment system.
- Safety Features:
- Includes adaptive cruise control, lane departure warning, and automatic emergency braking.
- Terrain Capabilities:
- Features the Multi-Terrain Select system allowing drivers to adjust settings based on the terrain.
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Factors Affecting Lexus LX 570 Price in Nigeria
- Import Duties and Taxes:
- Nigeria imposes high import tariffs on cars, with a 35% import duty and 7.5% VAT.
- Model Year:
- Newer models of the Lexus LX 570 typically cost more due to advanced features and technology.
- A well-maintained vehicle with low mileage is priced higher than a high mileage or older vehicle.
- Dealer Margin:
- The difference between the dealer’s purchase price and the selling price, with dealers in Nigeria often adding high-profit margins.
Lexus LX 570 Price in Nigeria:
The price of the Lexus LX 570 in Nigeria varies depending on the factors mentioned above. On average, a new Lexus LX 570 can cost between ₦90 million to ₦120 million in Nigeria.
However, the price of a used model can range from ₦40 million to ₦70 million, depending on the age, mileage, and condition of the vehicle.
It’s worth noting that the price of the Lexus LX 570 can also vary based on the region in Nigeria. In Lagos, for example, the price tends to be higher than in other parts of the country due to higher demand and the presence of more luxury car dealerships.
Where to Buy Lexus LX 570 in Nigeria:
There are several options for buying a Lexus LX 570 in Nigeria. One of the most popular options is to buy from a certified seller. Lexus has authorized dealers in Nigeria where you can buy a quality and guaranteed new or used Lexus LX 570. Some of the authorized dealers in Nigeria are Coscharis Motors and Germaine Auto Centre.
Another option is to buy from a private seller. Private dealers often advertise their cars online or in classified ads like Jiji or OLX. When purchasing from a private dealer, it is important to inspect the vehicle thoroughly and make sure that all necessary documents are complete, such as the title deed and registration of the vehicle.
The Lexus LX 570 is a high-end luxury SUV popular in Nigeria despite its steep pricing. Combining powerful performance, advanced technology, and luxury features, it provides versatile off-road capability and on-road comfort.
Though expensive due to import duties, taxes, and dealer margins, its popularity endures for the complete package it offers. Safety, amenities, and prestige make the LX 570 a sound investment for Nigerian luxury SUV buyers who conduct research to get the best pricing.
By considering all factors influencing cost, one can make an informed decision and enjoy everything this premium vehicle has to offer.