Are you looking to buy (or sell) a Nissan Maxima in Ibadan? Vehiclus surveyed the local used automotive market of all metropolitan areas in Nigeria to establish a pricing profile of various Nissan models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your Maxima (or to make sure to not overpay when purchasing a Nissan Maxima) it is very recommended to know all price-determining variables.
Ibadan is a town with 3565108 inhabitants. Nevertheless, there are usually not many Nissan Maxima for sale on the market. Therefore, the supply is little and the demand depends on various of parameters for example car model reputation, brand popularity, and reliability.
As described in the figure below, cars of the make Nissan and especially of their model Maxima loose their value in a very predictable way. The mean selling price of the Maxima will be lowered by up to 13% ($20,545) after only 1 year. After three years, the car typically is valued at 62% of its original selling price ($14,748) while it will only be worth 32% of the original price after 7 years ($6,262). The Maxima's value after twelve years is only 10% of its initial price depending on its condition of course.
Another way to analyze car depreciation is to examine the loss of value vs kilometers driven. The Nissan Maxima depreciation curve below describes this phenomenon for Ibadan. The Maxima looses most of its value (~ 46%) within the first 20,000miles (30,000km) driven. The mean price for a Maxima at that mileage is ca $13,274. After that the devaluation plateaus: at 90k km the Nissan Maxima is valued for $7,711 in Ibadan and for $3,447 at 180,000km .
The last parameter that significantly determines the price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a Nissan Maxima according to its year and its condition.
|Vehicle Year||Nissan Maxima Condition|
|Nissan Maxima variations:|
|MAXIMA 2.0L BVA|
|MAXIMA 3.0L BVA|