Are you currently looking to buy (or sell) a BMW 525i in Ibadan? Vehiclus surveyed the used car market of all towns 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 525i (or to be certain to not be ripped off when purchasing a BMW 525i) it is of value to learn most price-determining variables.
Ibadan is a city with 3565108 inhabitants. Nevertheless, it is hard to find more than five BMW 525i on the used car market . Therefore, the supply is little and the demand depends on a multitude of factors e.g. car model reputation, brand popularity, and used car pricing.
As pictured below, cars of the manufacturer BMW and especially of their model 525i devaluate in a very usual process. The mean value of the 525i will be decreased by up to 14% ($41,202) after just 1 year. After three years, the car typically is sold for about 60% of its original asking price ($28,936) while it will only be worth 27% of the MSRP after 7 years ($13,413). The 525i's value after 12 years is only 10% of its initial price depending on its condition of course.
One more way to analyze vehicle depreciation is to look at the decrease of value vs kilometers driven. The BMW 525i depreciation curve below illustrates this phenomenon for the city of Ibadan. The 525i looses most of its resell price (approximately 47%) within the first 30k km of its mileage. The average price for a 525i at that usage level is approximately $26,680. After that the devaluation slows down: at 90k kilometers the BMW 525i is priced for $14,882 in Ibadan and for $7,791 at 180k km of mileage.
The last value that heavily 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 525i according to its year and its condition.
|Vehicle Year||BMW 525i Condition|
|BMW 525i variations:|
|525i TOURING BVA|
|525i xDrive BERLINE|
|525i BERLINE BVA|
|525i xDrive TOURING|