Are you currently looking to buy (or sell) a Daihatsu Terios in Ibadan? Vehiclus studied the local used automotive market of all towns in Nigeria to establish a pricing profile of various Daihatsu models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your Terios (or to be sure to not overpay when purchasing a Daihatsu Terios) it is useful to understand all price-establishing variables.
Ibadan is a metropolitan area with 3565108 inhabitants. Nevertheless, there are usually not many Daihatsu Terios for purchase on the market. Hence, the supply is low and the demand depends on various of parameters e.g. maintenance costs, fuel mileage, and reliability.
As pictured below, cars of the make Daihatsu and specially of their model Terios devaluate in a very usual way. The average selling price of the Terios will be lowered by up to 13% ($25,091) after only one year. After 3 years, the car usually is sold for approximately 64% of its initial asking price ($18,774) while it will only be worth 30% of the original price after 7 years ($8,082). The Terios's value after 12 years is only 10% of its initial price depending on its condition of course.
One more way to describe car depreciation is to examine the decrease of value vs mileage. The Daihatsu Terios depreciation curve below illustrates this phenomenon for the city of Ibadan. The Terios looses most of its value (~ 47%) within the first 30k kilometers driven. The mean price for a Terios at that mileage is approximately $16,167. After that the devaluation plateaus: at 90k km the Daihatsu Terios is valued for $10,138 in Ibadan and for $4,628 at 180,000km .
The last factor that significantly impacts the price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Daihatsu Terios according to its year and its condition.
|Vehicle Year||Daihatsu Terios Condition|
|Daihatsu Terios variations:|
|TERIOS II S ou X|
|TERIOS 1.5L 4WD Sport BVA4|
|TERIOS 1.5L 4WD Luxury BVA4|
|TERIOS 1.5L 4WD Luxury|
|TERIOS II X BVA|
|TERIOS 1.5L 4WD Sport|