Are you currently in the market to buy (or sell) a BMW Z4 in Ibadan? Vehiclus surveyed the local used automotive market of all metropolitan areas in Nigeria to establish a pricing profile of various BMW models depending on their age, technical condition, optical condition, and mileage. To optimize your earnings when selling your Z4 (or to be certain to not be ripped off when purchasing a BMW Z4) it is useful to understand all price-determining variables.
Ibadan is a metropolitan area with currently 3565108 inhabitants. However, there are not many BMW Z4 for sale on the market. Therefore, the supply is small and the demand depends on various of factors e.g. season, brand popularity, and brand competetivness.
As seen below, cars of the car manufacturer BMW and specially of the model Z4 loose their value in a very customary manner. The average value of the Z4 will be lowered by 14% ($55,892) after just 1 year. After 3 years, the car typically costs only 63% of its initial asking price ($40,220) while it will only be worth 29% of the original price after 7 years ($17,990). The Z4's value after twelve years is only 11% of its initial price depending on its condition of course.
Another way to describe car depreciation is to study the loss of value over mileage. The BMW Z4 depreciation curve below illustrates this phenomenon for Ibadan. The Z4 looses most of its value (ca 46%) within the first 30k kilometers of its mileage. The average price for a Z4 at that mileage is ca $36,194. After that the depreciation plateaus: at 90k kilometers the BMW Z4 is valued for $21,157 in Ibadan and for $10,365 at 180,000km driven.
The last parameter that heavily influences the price of a second-hand car is the technical and optical condition of the vehicle. The table below illustrates the deflation of a BMW Z4 according to its year and its condition.
|Vehicle Year||BMW Z4 Condition|
|BMW Z4 variations:|
|Z4 2.5i BVA|
|Z4 2.5si ROADSTER|
|Z4 M ROADSTER|
|Z4 2.0i ROADSTER|
|Z4 3.0i BVA|
|Z4 2.5i ROADSTER|
|Z4 2.2i BVA|
|Z4 3.0si COUPE|
|Z4 3.0si ROADSTER|
|Z4 M COUPE|