Are you in the market to buy (or sell) a BMW 335i in Ibadan? Vehiclus surveyed the used auto market of all metropolitan areas in Nigeria to determine a pricing profile of various BMW models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your profits when selling your 335i (or to be sure to not be ripped off when purchasing a BMW 335i) it is of value to know most value-determining factors.
Ibadan is a town with currently 3565108 inhabitants. However, there are not many BMW 335i on the market. Therefore, the supply is low and the demand depends on various of factors for example brand reputation, brand popularity, and brand competetivness.
As pictured below, cars of the car manufacturer BMW and specially of the model 335i devaluate in a very conventional way. The average value of the 335i will be decreased by up to 14% ($38,119) after only 1 year. After 3 years, the car typically is valued at 63% of its original selling price ($27,209) while it will only be worth 32% of the MSRP after 7 years ($12,109). The 335i's value after 12 years is only 13% of its initial price depending on its condition of course.
Another way to analyze car depreciation is to look at the decrease of value over mileage. The BMW 335i depreciation curve below describes this phenomenon for the city of Ibadan. The 335i looses most of its resell price (approximately 47%) within the first 30,000km driven. The average price for a 335i at that usage level is approximately $24,654. After that the devaluation slows down: at 90,000km the BMW 335i is valued for $14,179 in Ibadan and for $6,897 at 180k kilometers driven.
The last factor that significantly impacts the sell price of a used car is the technical and optical condition of the vehicle. The table below describes the deflation of a BMW 335i according to its year and its condition.
|Vehicle Year||BMW 335i Condition|
|BMW 335i variations:|
|335i xDrive TOURING|
|335i xDrive BERLINE|
|335i xDrive COUPE|