Are you currently in the market to buy (or sell) a BMW 530d 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 optimize your profits when selling your 530d (or to make sure to not overpay when buying a BMW 530d) it is of value to know all price-establishing variables.
Ibadan is a town with a population of 3565108 inhabitants. Nevertheless, there are usually not many BMW 530d on the market. That's why the supply is little and the demand depends on a multitude of factors for example maintenance costs, fuel mileage, and used car pricing.
As pictured below, cars of the car manufacturer BMW and specially of their model 530d loose their value in a very conventional fashion. The average asking price of the 530d will be decreased by 13% ($52,003) after only one year. After three years, the car usually costs only 61% of its initial selling price ($36,200) while it will only be priced at 30% of the MSRP after 7 years ($16,568). The 530d's value after 12 years is only 13% of its initial price depending on its condition of course.
One more way to analyze car depreciation is to look at the loss of value vs kilometers driven. The BMW 530d depreciation curve below shows this phenomenon for the city of Ibadan. The 530d looses most of its value (~ 46%) within the first 30k kilometers of its mileage. The average price for a 530d at that mileage is approximately $33,469. After that the devaluation slows down: at 90k kilometers the BMW 530d is valued for $18,264 in Ibadan and for $9,393 at 180k kilometers .
The last factor that heavily influences the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the deflation of a BMW 530d according to its year and its condition.
|Vehicle Year||BMW 530d Condition|
|BMW 530d variations:|
|530d GRAN TURISMO|
|530d TOURING BVA|
|530d xDrive BERLINE|
|530d xDrive TOURING|
|530d BERLINE BVA|