The Toyota Corolla E120 2002 - 2006 year model is currently the most popular car in Nigeria because it is a perfect balance between an economical car and a good looking car that most average Nigerians can afford. Partly for that reason that the 2002 - 2006 Corolla in Lagos, Nigeria is now even nicknamed the 'Corolla Uber'.
You can tell this fact if living in the city as it is the go-to car for most digital cab-hailing service platforms today. Uber, Bolt, and Oga Taxi just to mention a few. You don't believe me? Okay park this Corolla in front of a mall and sit inside for 5 minutes. Over 5 people will ask if you are the Uber driver they just ordered.
The notorious Corolla of Lagos
Why is this friendly car now dangerous for buyers?
The demand for the car is so high in Lagos, Nigeria which happens to be the commercial capital of Nigeria. This makes the value of the E120 Corolla remain up there even when it has been transferred from one owner to another.
The price of this car is now between ₦1,200,000 and ₦1,800,000 for foreign used while the locally used ranges from ₦1,000,000 to ₦1,400,000.
You can have the sports version and stand out just a little bit
The problem here is that; because a lot of Lagosians use this car for commercial purposes, it makes the car always go through a lot of wear and tear on a daily basis. This car now finally gets sold by the owner at a high price that doesn't benefit the buyer in any way.
Cab drivers ride the Corolla through every bad road of Lagos and the engine runs for the most part of the day. This is not about maintaining the Corolla well or not, a car that is always on the road would have a shorter life span compared to a car that is driven by an average car owner.
Buying a 2002 - 2006 car that has been exposed to so much wear and tear should be way cheaper than ₦1,000,000 but because too many people want the Corolla, the selling price still remains high.
The value of a car is determined by how much it has been used by the seller but with the 2002 - 2006 Corolla, it doesn't matter at all just because of its high demand. Can you imagine that an accident repaired Toyota Corolla is still well above ₦1,000,000, crazy right?
Imagine fixing this car and still selling it for over a million Naira. Awesome to seller buy awful for buyer
This is why you must shine your eyes very well when buying a used Toyota Corolla 2002-2006 model in Nigeria especially if it is from Lagos. Not every car seller would be honest to tell you the car was being used for a commercial purpose. Once you buy a car like this, it will fall apart in no time.
To buy a used Toyota Corolla 2002 - 2006 in Nigeria, double-check the suspension system and drive train to be sure that you are not buying a car that has been stressed so much at the price of an averagely used car just because it is high in demand. Also, avoid buying worn-out Corollas at the price of a fairly used one. There is always a better Corolla to buy in the market.
If you want to buy the 2002 - 2006 Toyota Corolla in Nigeria at the best prices, check Naijauto.com for listings at the average price and also read reviews of the Corolla and other compact cars carefully written out to meet your curiosity. We are always here to help you with up-to-date car tips and updates that you need to know as a Nigerian car owner or an aspiring one.
>>> Check out the Toyota Corolla for sale at best prices on Naijauto.com now!