EmmanuelFerrari Price Range in Nigeria: A Comprehensive Breakdown
The price of a Ferrari in Nigeria varies significantly depending on its condition—new, tokunbo, or locally used—and the specific model in question. Brand-new Ferraris, available through exclusive channels or direct imports, start at approximately ₦500 million and can exceed ₦2 billion for limited-edition or hypercar models like the Ferrari F80. Foreign-used Ferraris range from ₦200 million to ₦1.5 billion, offering a more accessible entry into Ferrari ownership. Locally-used Ferraris begin at ₦150 million for older models and can climb to ₦800 million for well-preserved newer editions.
These prices reflect Nigeria’s unique economic and automotive environment, where import tariffs, exchange rates, and demand for luxury goods play pivotal roles. Below, we dissect these categories and provide detailed pricing insights based on current market trends.
Brand-New Ferrari Prices in Nigeria
Purchasing a brand-new Ferrari in Nigeria typically involves working with international dealerships or specialized importers, as there are no official Ferrari dealerships in the country as of April 2025. These vehicles arrive with the latest technology, pristine condition, and often bespoke customizations, commanding top-tier prices.
- Ferrari Roma: A sleek grand tourer, the Roma starts at ₦500 million for the base model, with fully customized versions reaching ₦650 million.
- Ferrari 296 GTB: This hybrid-powered supercar, blending a V6 engine with electric motors, begins at ₦800 million, with the Assetto Fiorano package pushing costs to ₦1.4 billion.
- Ferrari SF90 Stradale: A plug-in hybrid boasting nearly 1,000 horsepower, the SF90 Stradale ranges from ₦1.2 billion to ₦1.6 billion, depending on specifications.
- Ferrari Purosangue: Ferrari’s first SUV, the Purosangue, starts at ₦1.5 billion, with premium trims nearing ₦2 billion.
- Ferrari F80: The latest hypercar successor to the LaFerrari, unveiled in late 2024, commands a staggering ₦2.5 billion for its limited production run.
These figures account for import duties, shipping costs, and the naira’s exchange rate, which hovers around ₦1,550 to $1 as of April 2025, significantly inflating prices compared to global markets.
Foreign-Used (Tokunbo) Ferrari Prices in Nigeria
Foreign-used Ferraris, commonly referred to as “tokunbo,” dominate Nigeria’s luxury car market due to their relative affordability and availability. Sourced from regions like North America and Europe, these vehicles arrive with customs duties cleared and are traded on platforms like Jiji.ng and Cars45.
- Ferrari 458 Italia: A 2010 model starts at ₦200 million, while a 2015 458 Spider can reach ₦400 million.
- Ferrari 488 GTB: A 2017 tokunbo 488 GTB costs around ₦375 million, with the Spider variant hitting ₦450 million.
- Ferrari F12 Berlinetta: A 2014 model ranges from ₦450 million to ₦600 million, depending on mileage and condition.
- Ferrari California T: A 2016 California T convertible starts at ₦300 million, with low-mileage units nearing ₦500 million.
- Ferrari SF90 Stradale: A 2022 tokunbo SF90 can fetch between ₦1 billion and ₦1.4 billion, reflecting its high demand.
Tokunbo Ferraris appeal to buyers seeking near-new quality at a reduced cost, though prices vary based on model year, maintenance history, and market scarcity.
Locally-Used Ferrari Prices in Nigeria
Locally-used Ferraris, previously owned and driven in Nigeria, represent the most budget-friendly option for enthusiasts. Available through online marketplaces like Carmart.ng or private sales, these cars cater to those prioritizing cost over condition.
- Ferrari 430 Scuderia: A 2008 model starts at ₦150 million, with well-maintained units reaching ₦250 million.
- Ferrari 458 Italia: A 2012 locally-used 458 costs around ₦250 million, escalating to ₦350 million for low-mileage examples.
- Ferrari FF: The rare four-seater from 2013 ranges from ₦300 million to ₦450 million.
- Ferrari 488 GTB: A 2016 model can be found for ₦400 million, with premium variants nearing ₦600 million.
These prices hinge on the vehicle’s condition, service history, and local demand, with older models offering the lowest entry point into Ferrari ownership.
Read also: How Much Is Mercedes-Benz in Nigeria? A Comprehensive 2025 Guide
Popular Ferrari Models in Nigeria and Their Costs
Certain Ferrari models have captured the imagination of Nigeria’s elite, driven by their performance, design, and cultural cachet. Here’s a closer look at the most sought-after variants and their associated costs.
Ferrari 488 GTB
The 488 GTB, with its twin-turbo V8 pumping out 760 horsepower, is a favorite for its balance of speed and style. A brand-new 2023 model costs ₦900 million. A 2017 tokunbo averages ₦375 million, and a locally-used 2016 unit starts at ₦400 million.
Ferrari SF90 Stradale
This hybrid supercar, blending a V8 with electric motors for nearly 1,000 horsepower, is a technological marvel. A new 2023 SF90 Stradale ranges from ₦1.2 billion to ₦1.6 billion, while a 2022 tokunbo version costs ₦1 billion to ₦1.4 billion.
Ferrari Purosangue
As Ferrari’s first SUV, the Purosangue combines practicality with a roaring V12. A brand-new 2024 model starts at ₦1.5 billion, with tokunbo units from 2023 estimated at ₦1.2 billion once they enter the secondary market.
Ferrari 296 GTB
The 296 GTB, a hybrid with a V6 engine, offers cutting-edge performance. A new 2023 Assetto Fiorano edition reaches ₦1.4 billion, while a tokunbo 2022 model hovers around ₦900 million.
Factors Driving Ferrari Prices in Nigeria
Several dynamics influence Ferrari pricing in Nigeria. Import duties, enforced by the Nigeria Customs Service, can add 35% to 70% to a car’s value, significantly raising costs for new and tokunbo models. The exchange rate, with the naira weakening against the dollar, amplifies prices for imported vehicles. Rarity and demand—particularly for models like the Purosangue or SF90—push premiums higher, while depreciation affects locally-used cars based on age and wear. Additionally, maintenance costs, though separate from purchase price, loom large due to the scarcity of Ferrari parts and certified technicians in Nigeria.
Where to Purchase a Ferrari in Nigeria
Acquiring a Ferrari in Nigeria requires navigating a niche market. Brand-new models are typically imported directly from international dealerships in Europe or the Middle East, often through bespoke agents. For tokunbo and locally-used Ferraris, platforms like Jiji.ng, Cars45, and Carmart.ng offer listings from verified sellers. Physical car markets in Lagos, such as Berger Auto Market, and private sales also provide opportunities. Buyers must exercise caution to verify authenticity and condition.
Why Ferraris Command Attention in Nigeria
Ferraris shine for their exclusivity and performance. In Nigeria, they signal wealth. For instance, the 488 GTB’s roar turns heads. Likewise, the Roma’s sleek design impresses. Their rarity—only 13,000 made yearly—adds allure.
Conclusion: What’s Your Ferrari Investment?
Ferrari ownership spans ₦150 million to ₦2.5 billion in Nigeria. Whether new, tokunbo, or used, costs reflect luxury and rarity. Thus, it’s a dream for the few, admired by many.
Read also: How Much is a Toyota Camry in Nigeria? 2025 Buying Guide
Emmanuel