Are you currently in the market to buy (or sell) a Mercedes GL in Ibadan? Vehiclus surveyed the used car market of all towns in Nigeria to establish a pricing profile of various Mercedes models depending on their age, technical condition, optical condition, and mileage. To maximize your earnings when selling your GL (or to be certain to not overpay when buying a Mercedes GL) it is of value to understand all value-determining factors.
Ibadan is a city with a population of 3565108 . Nevertheless, there are usually not many Mercedes GL for purchase on the market. That's why the supply is little and the demand depends on a multitude of factors such as brand reputation, brand popularity, and used car pricing.
As described in the figure below, cars of the manufacturer Mercedes and specially of the model GL loose their value in a very customary fashion. The mean selling price of the GL will be lowered by up to 14% ($52,917) after just 1 year. After three years, the car typically is valued at 62% of its original asking price ($38,190) while it will only be worth 31% of the original price after 7 years ($17,024). The GL's value after twelve years is only 11% of its first price depending on its condition of course.
One more way to describe car depreciation is to study the loss of value vs mileage. The Mercedes GL depreciation curve below shows this phenomenon for Ibadan. The GL looses most of its value (~ 50%) within the first 30k km of its mileage. The average price for a GL at that mileage is ca $33,807. After that the depreciation slows down: at 90,000km the Mercedes GL is priced for $19,697 in Ibadan and for $9,627 at 180,000km driven.
The last value that significantly determines the selling price of a used car is the technical and optical condition of the vehicle. The table below lists the devaluation of a Mercedes GL according to its year and its condition.
|Vehicle Year||Mercedes GL Condition|
|Mercedes GL variations:|
|GL 320 CDI BVA7 FAP|
|GL 320 CDI 4 MATIC BVA7|
|GL 420 CDI BVA7 FAP|
|GL 320 CDI BVA7|
|GL 320 CDI 4 MATIC BVA7 FAP|
|GL 320 CDI 4MATIC|
|GL 320 CDI BVA7 FAP|
|GL 500 BVA7|
|GL 450 BVA7|