Are you currently in the market to buy (or sell) a Opel Cascada in Ibadan? Vehiclus surveyed the used car market of all metropolitan areas in Nigeria to establish a pricing profile of various Opel models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your Cascada (or to be sure to not be overcharged when purchasing a Opel Cascada) it is useful to understand all price-establishing factors.
Ibadan is a city with a current population of 3565108 inhabitants. However, it is hard to find more than five Opel Cascada on the used car market there. Therefore, the supply is small and the demand depends on various of parameters for example brand reputation, mileage, and used car pricing.
As seen below, cars of the make Opel and specially of their model Cascada depreciate in a very standard manner. The average asking price of the Cascada will be decreased by 13% ($13,681) after just 1 year. After three years, the car typically is valued at 62% of its original asking price ($9,575) while it will only be worth 27% of the MSRP after 7 years ($4,337). The Cascada's value after twelve years is only 13% of its initial price depending on its condition of course.
One more way to describe vehicle depreciation is to study the decrease of value over kilometers driven. The Opel Cascada depreciation curve below describes this phenomenon for Ibadan. The Cascada looses most of its resell price (ca 50%) within the first 30,000km of its mileage. The mean price for a Cascada at that mileage is ca $8,831. After that the depreciation plateaus: at 90k kilometers the Opel Cascada is valued for $4,882 in Ibadan and for $2,459 at 180k km of mileage.
The last parameter that heavily influences 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 Opel Cascada according to its year and its condition.
|Vehicle Year||Opel Cascada Condition|
|Opel Cascada variations:|