Are you currently looking to buy (or sell) a Fiat Multipla in Ibadan? Vehiclus studied the used automotive 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 Multipla (or to be sure to not be overcharged when purchasing a Fiat Multipla) it is a good idea to learn all price-determining factors.
Ibadan is a city with a population of 3565108 . Nevertheless, there are not many Fiat Multipla for purchase on the market. Therefore, the supply is little and the demand depends on various of parameters e.g. brand reputation, brand popularity, and used car pricing.
As illustrated in the figure below, cars of the car manufacturer Fiat and especially of the model Multipla devaluate in a very customary way. The average value of the Multipla will be decreased by up to 14% ($22,597) after just 1 year. After three years, the car typically costs only 63% of its original asking price ($16,453) while it will only be priced at 31% of the MSRP after 7 years ($7,284). The Multipla's value after twelve years is only 13% of its initial price depending on its condition of course.
Another way to quantify vehicle depreciation is to look at the loss of value vs mileage. The Fiat Multipla depreciation curve below shows this phenomenon for Ibadan. The Multipla looses most of its resell price (approximately 50%) within the first 30k kilometers driven. The average price for a Multipla at that mileage is $14,647. After that the depreciation slows down: at 90k kilometers the Fiat Multipla is valued for $8,760 in Ibadan and for $4,207 at 180,000km of mileage.
The last parameter that heavily influences the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Fiat Multipla according to its year and its condition.
|Vehicle Year||Fiat Multipla Condition|
|Fiat Multipla variations:|
|MULTIPLA 100 16V SX|
|MULTIPLA 1.6 16V|
|MULTIPLA 1.9 Multijet (120ch)|
|MULTIPLA JTD (115ch) ELX|
|MULTIPLA NATURAL POWER|
|MULTIPLA 1.9 JTD|
|MULTIPLA JTD 115 ELX|
|MULTIPLA 1.6L 16V|
|MULTIPLA JTD (115ch)|
|MULTIPLA 1.9 Multijet|
|MULTIPLA 100 16V|