Are you in the market to buy (or sell) a Lada 4x4 in Colombo? Vehiclus analyzed the local used car market of all towns in Sri Lanka to establish a pricing profile of various Lada models depending on their age, technical condition, optical condition, and mileage. In order to optimize your earnings when selling your 4x4 (or to make sure to not be overcharged when buying a Lada 4x4) it is a good idea to learn most price-establishing factors.
Colombo is a city with 648034 inhabitants. Nevertheless, it is hard to find more than a dozen Lada 4x4 on the market at the same time. Therefore, the supply is little and the demand depends on a multitude of factors for example maintenance costs, brand popularity, and used car pricing.
As pictured below, cars of the make Lada and especially of the model 4x4 devaluate in a very usual fashion. The average value of the 4x4 will be decreased by up to 13% ($10,322) after only one year. After 3 years, the car usually is valued at 64% of its original asking price ($7,643) while it will only be worth 27% of the original price after 7 years ($3,232). The 4x4's value after twelve years is only 10% of its initial price depending on its condition of course.
Another way to analyze car depreciation is to study the decrease of value vs kilometers driven. The Lada 4x4 depreciation curve below illustrates this phenomenon for Colombo. The 4x4 looses most of its value (approximately 47%) within the first 30,000km driven. The typical price for a 4x4 at that mileage is ca $6,569. After that the devaluation plateaus: at 90,000km the Lada 4x4 is priced for $4,012 in Colombo and for $1,779 at 180k kilometers driven.
The last parameter that significantly effects the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the deflation of a Lada 4x4 according to its year and its condition.
|Vehicle Year||Lada 4x4 Condition|
|Lada 4x4 variations:|