Owning a car in Nigeria goes beyond the purchase price. Beyond the purchase price, owners must cover fuel, routine servicing, tyres, insurance, unexpected repairs, parking, and other hidden costs. I spoke to two car owners in Lagos, a commercial driver and a middle-class neighbour. Insurance registration and licensingADVERTISEMENTComprehensive insurance typically costs three to seven percent of the insured value each year. Depreciation plus interest on financed purchases raises the effective annual cost significantly.