Are you looking to buy (or sell) a Jaguar XK in Ibadan? Vehiclus analyzed the local used auto market of all cities in Nigeria to determine a pricing profile of various Jaguar models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your XK (or to be certain to not be ripped off when purchasing a Jaguar XK) it is useful to learn most price-determining factors.
Ibadan is a metropolitan area with a population of 3565108 inhabitants. Nevertheless, there are not many Jaguar XK on the market. Therefore, the supply is low and the demand depends on a multitude of parameters such as season, brand popularity, and used car pricing.
As pictured below, cars of the car manufacturer Jaguar and especially of their model XK loose their value in a very average way. The average asking price of the XK will be decreased by up to 13% ($37,679) after just 1 year. After three years, the car usually costs only 60% of its original selling price ($26,760) while it will only be valued at 28% of the MSRP after 7 years ($12,779). The XK's value after twelve years is only 10% of its first price depending on its condition of course.
One more way to quantify vehicle depreciation is to examine the decrease of value vs mileage. The Jaguar XK depreciation curve below shows this phenomenon for Ibadan. The XK looses most of its resell price (ca 45%) within the first 30,000km of its mileage. The average price for a XK at that mileage is approximately $24,181. After that the devaluation slows down: at 90,000km the Jaguar XK is valued for $13,698 in Ibadan and for $7,554 at 180k kilometers .
The last factor that significantly effects the selling price of a used car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Jaguar XK according to its year and its condition.
|Vehicle Year||Jaguar XK Condition|
|Jaguar XK variations:|