Are you currently looking to buy (or sell) a Cadillac Escalade in Ibadan? Vehiclus surveyed the used automotive market of all metropolitan areas in Nigeria to determine a pricing profile of various Cadillac models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your Escalade (or to be certain to not be overcharged when purchasing a Cadillac Escalade) it is of value to understand most price-establishing variables.
Ibadan is a city with 3565108 inhabitants. However, it is hard to find more than a handful Cadillac Escalade on the market . That's why the supply is little and the demand depends on various of factors for example car model reputation, fuel mileage, and reliability.
As described in the figure below, cars of the make Cadillac and especially of the model Escalade loose their value in a very average way. The average asking price of the Escalade will be lowered by up to 14% ($28,402) after only one year. After three years, the car usually is sold for approximately 64% of its original asking price ($20,430) while it will only be valued at 31% of the original price after 7 years ($9,182). The Escalade's value after twelve years is only 10% of its initial price depending on its condition of course.
Another way to analyze vehicle depreciation is to study the loss of value vs kilometers driven. The Cadillac Escalade depreciation curve below describes this phenomenon for Ibadan. The Escalade looses most of its value (~ 45%) within the first 30,000km driven. The mean price for a Escalade at that usage level is ca $18,279. After that the devaluation slows down: at 90k kilometers the Cadillac Escalade is priced for $10,633 in Ibadan and for $5,264 at 180,000km driven.
The last value that heavily influences the price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the deflation of a Cadillac Escalade according to its year and its condition.
|Vehicle Year||Cadillac Escalade Condition|
|Cadillac Escalade variations:|
|ESCALADE 6.2L V8 BVA|
|ESCALADE 6.2L V8 BVA 8PL|