Are you in the market to buy (or sell) a Daewoo Lacetti in Ibadan? Vehiclus surveyed the local used auto market of all cities in Nigeria to determine a pricing profile of various Daewoo models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your Lacetti (or to make sure to not be overcharged when purchasing a Daewoo Lacetti) it is useful to learn most price-determining factors.
Ibadan is a metropolitan area with a current population of 3565108 inhabitants. However, there are usually not many Daewoo Lacetti on the market. That's why the supply is not high and the demand depends on a multitude of parameters for example season, mileage, and used car pricing.
As seen below, cars of the make Daewoo and specially of the model Lacetti depreciate in a very usual process. The average price of the Lacetti will be lowered by 13% ($22,294) after only one year. After 3 years, the car typically is valued at 63% of its initial asking price ($16,446) while it will only be valued at 28% of the MSRP after 7 years ($7,180). The Lacetti's value after twelve years is only 13% of its original price depending on its condition of course.
Another way to describe car depreciation is to look at the loss of value vs miles driven. The Daewoo Lacetti depreciation curve below describes this phenomenon for the city of Ibadan. The Lacetti looses most of its value (~ 46%) within the first 20,000miles (30,000km) driven. The typical price for a Lacetti at that usage level is $14,340. After that the depreciation slows down: at 90k km the Daewoo Lacetti is valued for $8,748 in Ibadan and for $4,101 at 180,000km .
The last factor that heavily influences the sell price of a used car is the technical and optical condition of the vehicle. The table below shows the deflation of a Daewoo Lacetti according to its year and its condition.
|Vehicle Year||Daewoo Lacetti Condition|
|Daewoo Lacetti variations:|
|LACETTI 1.6L SX|
|LACETTI 1.8L CDX|
|LACETTI 1.4L SE|
|LACETTI 1.8L CDX BVA|
|LACETTI 1.6L SX BVA|