Are you in the market to buy (or sell) a Nissan Tiida in Ibadan? Vehiclus surveyed the local used car market of all towns 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 earnings when selling your Tiida (or to make sure to not be ripped off when purchasing a Nissan Tiida) it is very recommended to understand all price-determining variables.
Ibadan is a town with 3565108 inhabitants. Nevertheless, there are not many Nissan Tiida available on the market. Therefore, the supply is small and the demand depends on various of parameters e.g. season, mileage, and used car pricing.
As illustrated in the figure below, cars of the make Nissan and especially of the model Tiida depreciate in a very usual way. The average asking price of the Tiida will be decreased by up to 14% ($14,350) after just 1 year. After three years, the car usually is sold for approximately 62% of its original selling price ($10,569) while it will only be priced at 31% of the original price after 7 years ($4,560). The Tiida's value after twelve years is only 11% of its original price depending on its condition of course.
One more way to analyze car depreciation is to examine the decrease of value over miles driven. The Nissan Tiida depreciation curve below illustrates this phenomenon for the city of Ibadan. The Tiida looses most of its value (approximately 47%) within the first 20,000miles (30,000km) of its mileage. The typical price for a Tiida at that mileage is ca $9,188. After that the depreciation slows down: at 90,000km the Nissan Tiida is sold for $5,573 in Ibadan and for $2,561 at 180k kilometers .
The last value that heavily influences the selling price of a used car is the technical and optical condition of the vehicle. The table below illustrates the deflation of a Nissan Tiida according to its year and its condition.
|Vehicle Year||Nissan Tiida Condition|
|Nissan Tiida variations:|
|TIIDA 1.6L BVA4 4p|
|TIIDA 1.5dci 4p|
|TIIDA 1.5dci 5p|
|TIIDA 1.8L 5p|
|TIIDA 1.8L 4p|
|TIIDA 1.6L 4p|
|TIIDA 1.6L 5p|
|TIIDA 1.6L BVA4 5p|