Are you looking to buy (or sell) a Jeep Compass in Ibadan? Vehiclus surveyed the local used auto market of all metropolitan areas in Nigeria to establish a pricing profile of various Jeep models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your Compass (or to be certain to not be overcharged when purchasing a Jeep Compass) it is a good idea to know most value-determining factors.
Ibadan is a metropolitan area with a current population of 3565108 . However, there are not many Jeep Compass for purchase on the market. Hence, the supply is little and the demand depends on a multitude of parameters e.g. maintenance costs, fuel mileage, and used car pricing.
As described in the figure below, cars of the make Jeep and specially of the model Compass loose their value in a very customary way. The mean value of the Compass will be lowered by up to 14% ($39,357) after only one year. After three years, the car typically is valued at 62% of its initial asking price ($28,979) while it will only be worth 32% of the original price after 7 years ($13,330). The Compass's value after twelve years is only 11% of its original price depending on its condition of course.
One more way to quantify vehicle depreciation is to look at the decrease of value vs miles driven. The Jeep Compass depreciation curve below shows this phenomenon for Ibadan. The Compass looses most of its resell price (~ 45%) within the first 30k km of its mileage. The typical price for a Compass at that usage level is $25,205. After that the depreciation plateaus: at 90k kilometers the Jeep Compass is sold for $15,283 in Ibadan and for $7,852 at 180k km driven.
The last value that significantly effects the sell price of a used car is the technical and optical condition of the vehicle. The table below shows the deflation of a Jeep Compass according to its year and its condition.
|Vehicle Year||Jeep Compass Condition|
|Jeep Compass variations:|
|COMPASS 2.0L CRD RALLY|
|COMPASS 2.0L CRD BMV6|
|COMPASS 2.4L CVT|
|COMPASS 2.4L CVT RALLY|
|COMPASS 2.4L RALLYE BVM5|
|COMPASS 2.0L CRD FAP|
|COMPASS 2.4L BVM5|