Are you looking to buy (or sell) a Chevrolet Tahoe in Ibadan? Vehiclus surveyed the used automotive market of all cities in Nigeria to establish a pricing profile of various Chevrolet models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your earnings when selling your Tahoe (or to make sure to not overpay when buying a Chevrolet Tahoe) it is recommended to know all price-determining factors.
Ibadan is a metropolitan area with a population of 3565108 . However, there are usually not many Chevrolet Tahoe available on the market. Hence, the supply is small and the demand depends on a multitude of factors for example maintenance costs, mileage, and brand competetivness.
As pictured below, cars of the car manufacturer Chevrolet and specially of their model Tahoe loose their value in a very conventional manner. The average asking price of the Tahoe will be decreased by up to 14% ($34,272) after just one year. After three years, the car typically is valued at 63% of its original asking price ($24,420) while it will only be valued at 32% of the original price after 7 years ($10,961). The Tahoe's value after 12 years is only 13% of its first price depending on its condition of course.
Another way to analyze vehicle depreciation is to examine the decrease of value vs miles driven. The Chevrolet Tahoe depreciation curve below describes this phenomenon for Ibadan. The Tahoe looses most of its value (ca 47%) within the first 30k km of its mileage. The typical price for a Tahoe at that usage level is approximately $22,189. After that the depreciation slows down: at 90,000km the Chevrolet Tahoe is priced for $12,727 in Ibadan and for $6,284 at 180k kilometers driven.
The last parameter that heavily effects the sell price of a used car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Chevrolet Tahoe according to its year and its condition.
|Vehicle Year||Chevrolet Tahoe Condition|
|Chevrolet Tahoe variations:|
|TAHOE V8 5.3L BVA 5PL|
|TAHOE V8 5.3L BVA 8PL|
|TAHOE V8 5.3L BVA 7PL|