Are you currently looking to buy (or sell) a Fiat Marea in Ibadan? Vehiclus studied the used car market of all metropolitan areas in Nigeria to establish a pricing profile of various Fiat models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your Marea (or to make sure to not be ripped off when purchasing a Fiat Marea) it is a good idea to know all price-establishing variables.
Ibadan is a town with currently 3565108 inhabitants. Nevertheless, it is hard to find more than a dozen Fiat Marea on the local car market there. That's why the supply is little and the demand depends on various of parameters for example maintenance costs, fuel mileage, and reliability.
As seen below, cars of the make Fiat and specially of their model Marea devaluate in a very conventional fashion. The mean price of the Marea will be decreased by 13% ($14,590) after only 1 year. After three years, the car typically is valued at 61% of its initial selling price ($10,212) while it will only be priced at 28% of the MSRP after 7 years ($4,619). The Marea's value after twelve years is only 11% of its original price depending on its condition of course.
Another way to describe vehicle depreciation is to look at the loss of value over miles driven. The Fiat Marea depreciation curve below shows this phenomenon for Ibadan. The Marea looses most of its value (ca 50%) within the first 30,000km of its mileage. The typical price for a Marea at that mileage is ca $9,489. After that the depreciation slows down: at 90k km the Fiat Marea is valued for $5,275 in Ibadan and for $2,645 at 180k km driven.
The last factor that significantly determines the price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the deflation of a Fiat Marea according to its year and its condition.
|Vehicle Year||Fiat Marea Condition|
|Fiat Marea variations:|
|MAREA WEEKEND 155|
|MAREA WEEKEND 100|
|MAREA WEEKEND JTD|