Are you currently in the market to buy (or sell) a BMW 545i in Ibadan? Vehiclus surveyed the local used automotive market of all towns 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 545i (or to make sure to not overpay when buying a BMW 545i) it is of value to understand all price-establishing factors.
Ibadan is a city with currently 3565108 inhabitants. However, it is hard to find more than five BMW 545i on the market at the same time. Hence, the supply is little and the demand depends on a multitude of parameters such as brand reputation, mileage, and reliability.
As illustrated in the figure below, cars of the car manufacturer BMW and especially of their model 545i loose their value in a very average way. The average price of the 545i will be lowered by up to 14% ($60,745) after just 1 year. After 3 years, the car typically costs only 60% of its initial selling price ($43,281) while it will only be priced at 27% of the original price after 7 years ($19,286). The 545i's value after 12 years is only 12% of its first price depending on its condition of course.
One more way to analyze car depreciation is to study the decrease of value vs mileage. The BMW 545i depreciation curve below describes this phenomenon for the city of Ibadan. The 545i looses most of its value (approximately 45%) within the first 30k kilometers of its mileage. The average price for a 545i at that usage level is approximately $39,361. After that the devaluation plateaus: at 90k km the BMW 545i is sold for $22,587 in Ibadan and for $11,009 at 180k kilometers .
The last parameter that significantly influences the selling price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a BMW 545i according to its year and its condition.
|Vehicle Year||BMW 545i Condition|
|BMW 545i variations:|
|545i TOURING BVA|
|545i BERLINE BVA|