The Lexus ES 350 is one of the most popular luxury sedans on Nigerian roads, prized for its blend of comfort, performance, and reliability. Officially, Lexus does not sell new vehicles in Nigeria, so the entire market consists of imported used cars, often referred to as "Tokunbo" or "Foreign Used". This means every vehicle has been imported, and its final price is heavily influenced by its origin, age, and Nigeria's import regulations, which only allow vehicles 10 years old or newer.
Key Factors That Determine the Price
The price of an ES 350 is determined by several critical, interconnected factors:
Model Year & Generation: Newer models (2020 and later) command exponentially higher prices due to modern features and significantly higher customs valuation. The design was notably updated for the 2019 model year and later.
Condition & Import Grade: "Foreign Used" (direct import in excellent condition) cars are priced at a large premium over "Nigerian Used" vehicles. Sellers heavily emphasize terms like "accident-free," "clean," and "first body".
Specifications & Modifications: Higher trim levels (like the F-Sport) and aftermarket modifications (e.g., upgraded infotainment with a "Tesla screen") increase the price.
Location & Seller: Listings from major dealerships in Abuja and Lagos often show higher "net" prices, while private sellers may offer more room for negotiation.
Lexus ES 350 Price Guide in Nigeria
The table below, based on current market listings, shows how price correlates strongly with model year.
| Model Year Range | Price Range (₦) | Typical Condition & Notes |
|---|---|---|
| 2007 - 2010 | ₦5.5M - ₦14.9M | Older models. The wide range depends heavily on being "Nigerian Used" (lower end) or clean "Foreign Used" (higher end). |
| 2011 - 2014 | ₦10.5M - ₦21.5M | Moderate mileage. A clean "Tokunbo Standard" 2012 is ~₦12.7M, while a 2014 in excellent condition can reach ₦21.5M. |
| 2015 - 2019 | ₦19.5M - ₦59.5M | Newer body style. A 2018 model is around ₦19.5M, while a 2019 F-Sport trim can be ₦59.5M. |
| 2020 - 2022 | ₦85,000,000+ | Near-new models. A foreign-used 2022 model is listed at ₦85 million. |
| 2026 (New Model) | ~₦80M - ₦120M (Est.) | Brand-new hybrid model. Expected starting price is around ₦80 million, potentially reaching ₦120 million for high-spec versions. |
How to Find and Buy a Lexus ES 350
Research on Car Listing Sites: Visit platforms like Naijaspider to see real-time listings. Filter by year, price, and location to understand the market.
Verify the Vehicle's Origin: Always ask for and verify the original customs clearance papers. For "Foreign Used" cars, check the year of entry into Nigeria.
Get a Pre-Purchase Inspection: Hire a trusted, independent mechanic to inspect the vehicle thoroughly before purchase. This is non-negotiable.
Budget for Total Cost: The advertised price is just the start. Use the customs values below to calculate potential import duties if you're importing.
Beyond the Price Tag: Additional Costs to Consider
When budgeting, the purchase price is only part of the cost. If you are importing a vehicle, you must pay import duties based on the Customs Value assigned by the Nigeria Customs Service. Below are the official values for the Lexus ES 350.
| Model Year | Customs Value (USD) | Model Year | Customs Value (USD) |
|---|---|---|---|
| 2007-2015 | $8,284 | 2019 | $17,223 |
| 2016 | $9,689 | 2020 | $20,145 |
| 2017 | $11,332 | 2021 | $24,870 |
| 2018 | $13,253 | 2022 | $33,773 |
| Note: The customs value is the base amount used to calculate your total duty, which includes a 20% duty, 15% levy, and 7.5% VAT. The final duty in Naira is calculated using the official customs exchange rate. |
Other costs include:
Registration & Licensing: Government fees for vehicle registration and license plates.
Insurance: Comprehensive insurance for a luxury vehicle.
Maintenance: While reliable, servicing and parts for a Lexus are more costly than for mainstream brands.