Are you in the market to buy (or sell) a BMW 525d in Ibadan? Vehiclus analyzed the used car market of all cities in Nigeria to establish a pricing profile of various BMW models depending on their age, technical condition, optical condition, and mileage. If you want to optimize your profits when selling your 525d (or to make sure to not be overcharged when buying a BMW 525d) it is of value to learn all price-determining factors.
Ibadan is a metropolitan area with 3565108 inhabitants. However, it is hard to find more than five BMW 525d on the local car market there. That's why the supply is low and the demand depends on various of parameters e.g. season, brand popularity, and reliability.
As illustrated in the figure below, cars of the car manufacturer BMW and specially of their model 525d loose their value in a very standard manner. The mean selling price of the 525d will be lowered by up to 13% ($47,045) after only 1 year. After three years, the car typically goes for only 62% of its original selling price ($34,617) while it will only be valued at 30% of the MSRP after 7 years ($15,313). The 525d's value after twelve years is only 12% of its initial price depending on its condition of course.
Another way to quantify vehicle depreciation is to look at the loss of value over miles driven. The BMW 525d depreciation curve below describes this phenomenon for the city of Ibadan. The 525d looses most of its resell price (approximately 45%) within the first 30k kilometers of its mileage. The typical price for a 525d at that mileage is ca $30,130. After that the depreciation plateaus: at 90,000km the BMW 525d is valued for $18,248 in Ibadan and for $8,765 at 180k km .
The last parameter that significantly influences the price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a BMW 525d according to its year and its condition.
|Vehicle Year||BMW 525d Condition|
|BMW 525d variations:|
|525d BERLINE BVA|
|525d xDrive TOURING|
|525d xDrive BERLINE|
|525d TOURING BVA|