Are you currently in the market to buy (or sell) a Hyundai Santa Fe in Ibadan? Vehiclus analyzed the local used auto market of all towns in Nigeria to determine a pricing profile of various Hyundai models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your Santa Fe (or to be sure to not overpay when purchasing a Hyundai Santa Fe) it is useful to know most value-determining variables.
Ibadan is a town with a current population of 3565108 people. Nevertheless, there are usually not many Hyundai Santa Fe available on the market. That's why the supply is little and the demand depends on a multitude of parameters such as brand reputation, brand popularity, and used car pricing.
As pictured below, cars of the car manufacturer Hyundai and especially of their model Santa Fe depreciate in a very conventional fashion. The mean price of the Santa Fe will be decreased by 14% ($25,428) after just one year. After three years, the car typically costs only 62% of its original selling price ($18,114) while it will only be valued at 29% of the MSRP after 7 years ($7,909). The Santa Fe's value after 12 years is only 11% of its initial price depending on its condition of course.
One more way to quantify vehicle depreciation is to study the loss of value vs kilometers driven. The Hyundai Santa Fe depreciation curve below shows this phenomenon for the city of Ibadan. The Santa Fe looses most of its value (~ 50%) within the first 30k kilometers driven. The average price for a Santa Fe at that mileage is approximately $16,548. After that the devaluation plateaus: at 90,000km the Hyundai Santa Fe is sold for $9,521 in Ibadan and for $4,472 at 180k km of mileage.
The last parameter that significantly influences the selling price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a Hyundai Santa Fe according to its year and its condition.
|Vehicle Year||Hyundai Santa Fe Condition|
|Hyundai Santa Fe variations:|
|SANTA FE 2.2 CRDi (155ch) 4WD PACK executive BVA|
|SANTA FE 2.0 CRDi (125ch) 4WD PACK Style|
|SANTA FE 2.0 CRDi (125ch) 4WD PACK Luxe BVA|
|SANTA FE 2.0 CRDi 2WD PACK Confort|
|SANTA FE 2.4L 16v 4WD GLS Confort|
|SANTA FE 2.2 CRDi (155ch) 4WD PACK executive 7PL BVA|
|SANTA FE 2.0 CRDi 4WD PACK Confort / Luxe|
|SANTA FE 2.2 CRDi (155ch) 4WD PACK Confort / executive 7PL|
|SANTA FE 2.0 CRDi (125ch) 4WD PACK Style BVA|
|SANTA FE 2.2 CRDi 197 4WD PACK Edition 7Pl|
|SANTA FE 2.0 CRDi (125ch) 4WD PACK Luxe / Confort|
|SANTA FE 2.7L V6 24v 4WD GLS Luxe|
|SANTA FE 2.0 CRDi 4WD PACK Luxe BVA|
|SANTA FE 2.7 V6 24v 4WD PACK Luxe BVA|
|SANTA FE 2.0L CRDi 2WD GLS Confort|
|SANTA FE 2.2 CRDi (155ch) 4WD PACK Confort / executive|
|SANTA FE 2.0 CRDi (125ch) 4WD PACK Luxe|
|SANTA FE 2.0L CRDi 4WD GLS Luxe|
|SANTA FE 2.2 CRDi (155ch) 2WD PACK Confort 7PL|
|SANTA FE 2.0L 16v 2WD GLS Confort|
|SANTA FE 2.0L CRDi 4WD GLS Confort|
|SANTA FE 2.2 CRDi (155ch) 2WD PACK Confort|