Are you in the market to buy (or sell) a Mercedes Vaneo in Ibadan? Vehiclus analyzed the used car market of all metropolitan areas in Nigeria to determine a pricing profile of various Mercedes models depending on their age, technical condition, optical condition, and mileage. To maximize your profits when selling your Vaneo (or to make sure to not be overcharged when buying a Mercedes Vaneo) it is of value to learn most price-establishing variables.
Ibadan is a city with a current population of 3565108 . However, there are usually not many Mercedes Vaneo on the market. Hence, the supply is small and the demand depends on a multitude of parameters such as maintenance costs, brand popularity, and reliability.
As shown below, cars of the car manufacturer Mercedes and especially of their model Vaneo devaluate in a very average process. The average selling price of the Vaneo will be decreased by up to 13% ($53,402) after just one year. After three years, the car typically is sold for about 63% of its original selling price ($37,093) while it will only be valued at 30% of the original price after 7 years ($15,712). The Vaneo's value after twelve years is only 12% of its first price depending on its condition of course.
One more way to quantify car depreciation is to look at the loss of value over miles driven. The Mercedes Vaneo depreciation curve below illustrates this phenomenon for the city of Ibadan. The Vaneo looses most of its resell price (ca 47%) within the first 20,000miles (30,000km) of its mileage. The typical price for a Vaneo at that usage level is approximately $34,844. After that the devaluation slows down: at 90,000km the Mercedes Vaneo is valued for $19,133 in Ibadan and for $8,528 at 180,000km .
The last factor that significantly impacts the selling price of a used car is the technical and optical condition of the vehicle. The table below shows the deflation of a Mercedes Vaneo according to its year and its condition.
|Vehicle Year||Mercedes Vaneo Condition|
|Mercedes Vaneo variations:|
|VANEO CDI 1.7 BVA|
|VANEO 1.6L BVA|
|VANEO 1.9L BVA|
|VANEO 1.6 BVA|
|VANEO CDI 1.7|
|VANEO 1.9 BVA|