Are you in the market to buy (or sell) a BMW 325d in Ibadan? Vehiclus studied the local used automotive market of all metropolitan areas in Nigeria to establish a pricing profile of various BMW models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your 325d (or to be certain to not overpay when purchasing a BMW 325d) it is a good idea to understand most value-determining variables.
Ibadan is a city with a current population of 3565108 inhabitants. However, it is hard to find more than a handful BMW 325d on the used car market . Hence, the supply is little and the demand depends on various of factors such as season, fuel mileage, and brand competetivness.
As seen below, cars of the manufacturer BMW and especially of their model 325d loose their value in a very standard manner. The average value of the 325d will be decreased by 13% ($36,760) after only 1 year. After 3 years, the car usually goes for only 61% of its initial asking price ($26,469) while it will only be valued at 32% of the MSRP after 7 years ($12,201). The 325d's value after twelve years is only 13% of its original price depending on its condition of course.
Another way to describe vehicle depreciation is to examine the decrease of value over miles driven. The BMW 325d depreciation curve below describes this phenomenon for the city of Ibadan. The 325d looses most of its value (ca 50%) within the first 30,000km driven. The average price for a 325d at that mileage is approximately $23,565. After that the depreciation plateaus: at 90k kilometers the BMW 325d is sold for $13,700 in Ibadan and for $7,094 at 180k kilometers .
The last value that significantly determines the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the devaluation of a BMW 325d according to its year and its condition.
|Vehicle Year||BMW 325d Condition|
|BMW 325d variations:|