Land Rover Freelander for sale in Busan (South Korea)

Are you currently in the market to buy (or sell) a Land Rover Freelander in Busan? Vehiclus analyzed the local used auto market of all cities in South Korea to determine a pricing profile of various Land Rover models depending on their age, technical condition, optical condition, and mileage. To optimize your earnings when selling your Freelander (or to be sure to not overpay when purchasing a Land Rover Freelander) it is useful to know most price-establishing variables.

Supply and Demand of Land Rover Freelander on the local car market

Busan is a town with a current population of 3678555 inhabitants. Nevertheless, there are not many Land Rover Freelander for sale on the market. Hence, the supply is low and the demand depends on a multitude of parameters such as season, fuel mileage, and brand competetivness.

Price Devaluation Curve of the Freelander in Busan

As described in the figure below, cars of the manufacturer Land Rover and specially of their model Freelander depreciate in a very standard fashion. The average asking price of the Freelander will be lowered by up to 13% ($34,044) after just 1 year. After three years, the car typically is valued at 64% of its original selling price ($25,080) while it will only be worth 27% of the MSRP after 7 years ($10,930). The Freelander's value after twelve years is only 13% of its initial price depending on its condition of course.

Depreciation according to vehicle mileage

Another way to describe car depreciation is to look at the loss of value vs miles driven. The Land Rover Freelander depreciation curve below describes this phenomenon for the city of Busan. The Freelander looses most of its resell price (approximately 47%) within the first 20,000miles (30,000km) of its mileage. The typical price for a Freelander at that usage level is ca $22,061. After that the devaluation slows down: at 90k kilometers the Land Rover Freelander is valued for $13,483 in Busan and for $6,291 at 180k km .

Land Rover Freelander price depending on condition (fair, good, excellent)

The last value that heavily determines the price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Land Rover Freelander according to its year and its condition.

Vehicle Year	Land Rover Freelander Condition
	fair	good	excellent
2017	$25,980	$32,164	$38,348
2016	$22,846	$28,285	$33,723
2015	$19,935	$24,681	$29,427
2014	$17,247	$21,352	$25,458
2013	$14,780	$18,299	$21,817
2012	$12,536	$15,520	$18,504
2011	$10,514	$13,017	$15,519
2010	$8,714	$10,788	$12,863
2009	$7,136	$8,835	$10,534
2008	$5,781	$7,157	$8,533
2007	$4,647	$5,754	$6,860
2006	$3,736	$4,626	$5,516
2005	$3,048	$3,773	$4,499
2004	$2,581	$3,196	$3,810
2003	$2,337	$2,893	$3,449
2002	$2,314	$2,865	$3,417