Are you in the market to buy (or sell) a Mercedes SLS in Ibadan? Vehiclus studied the local used auto market of all cities in Nigeria to determine a pricing profile of various Mercedes models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your SLS (or to be certain to not be overcharged when buying a Mercedes SLS) it is recommended to understand all price-determining factors.
Ibadan is a metropolitan area with a current population of 3565108 people. However, there are not many Mercedes SLS for sale on the market. That's why the supply is low and the demand depends on a multitude of factors for example maintenance costs, mileage, and brand competetivness.
As described in the figure below, cars of the manufacturer Mercedes and especially of the model SLS loose their value in a very predictable way. The mean value of the SLS will be lowered by 14% ($59,263) after only 1 year. After three years, the car typically costs only 61% of its original asking price ($40,813) while it will only be priced at 31% of the MSRP after 7 years ($19,821). The SLS's value after 12 years is only 10% of its original price depending on its condition of course.
Another way to analyze car depreciation is to study the decrease of value vs miles driven. The Mercedes SLS depreciation curve below illustrates this phenomenon for Ibadan. The SLS looses most of its resell price (~ 50%) within the first 30,000km driven. The typical price for a SLS at that mileage is $38,215. After that the devaluation slows down: at 90k km the Mercedes SLS is priced for $20,443 in Ibadan and for $11,674 at 180k kilometers of mileage.
The last value that heavily impacts the selling price of a second-hand car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Mercedes SLS according to its year and its condition.
|Vehicle Year||Mercedes SLS Condition|
|Mercedes SLS variations:|
|SLS AMG GT|