Mitsubishi Pajero for sale in Ibadan (Nigeria)

Are you currently looking to buy (or sell) a Mitsubishi Pajero in Ibadan? Vehiclus studied the local used auto market of all cities in Nigeria to establish a pricing profile of various Mitsubishi models depending on their age, technical condition, optical condition, and mileage. To maximize your earnings when selling your Pajero (or to be sure to not overpay when purchasing a Mitsubishi Pajero) it is of value to understand most value-determining variables.

Supply and Demand of Mitsubishi Pajero on the local auto market

Ibadan is a town with currently 3565108 inhabitants. Nevertheless, there are usually not many Mitsubishi Pajero for purchase on the market. That's why the supply is low and the demand depends on various of parameters such as season, fuel mileage, and brand competetivness.

Price Devaluation Curve of the Pajero in Ibadan

As illustrated in the figure below, cars of the car manufacturer Mitsubishi and specially of their model Pajero loose their value in a very average process. The mean price of the Pajero will be lowered by up to 13% ($33,682) after just one year. After three years, the car usually is sold for about 60% of its original asking price ($24,524) while it will only be valued at 31% of the MSRP after 7 years ($10,613). The Pajero's value after 12 years is only 12% of its initial price depending on its condition of course.

Depreciation according to vehicle mileage

Another way to describe car depreciation is to study the loss of value over kilometers driven. The Mitsubishi Pajero depreciation curve below describes this phenomenon for Ibadan. The Pajero looses most of its value (ca 50%) within the first 30k kilometers of its mileage. The average price for a Pajero at that usage level is $21,702. After that the depreciation plateaus: at 90,000km the Mitsubishi Pajero is sold for $12,931 in Ibadan and for $5,975 at 180,000km of mileage.

Mitsubishi Pajero price depending on condition (fair, good, excellent)

The last parameter that significantly effects the price of a second-hand car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Mitsubishi Pajero according to its year and its condition.

Vehicle Year	Mitsubishi Pajero Condition
	fair	good	excellent
2017	$36,523	$37,431	$38,339
2016	$32,118	$32,917	$33,716
2015	$28,026	$28,723	$29,420
2014	$24,246	$24,849	$25,452
2013	$20,778	$21,295	$21,812
2012	$17,623	$18,062	$18,500
2011	$14,781	$15,148	$15,516
2010	$12,250	$12,555	$12,860
2009	$10,032	$10,282	$10,531
2008	$8,127	$8,329	$8,531
2007	$6,534	$6,696	$6,859
2006	$5,253	$5,384	$5,514
2005	$4,285	$4,391	$4,498
2004	$3,629	$3,719	$3,809
2003	$3,285	$3,367	$3,448
2002	$3,254	$3,335	$3,416