Are you currently in the market to buy (or sell) a Renault Captur in Ibadan? Vehiclus studied the used car market of all cities in Nigeria to determine a pricing profile of various Renault models depending on their age, technical condition, optical condition, and mileage. To optimize your earnings when selling your Captur (or to be certain to not be ripped off when purchasing a Renault Captur) it is recommended to know all price-determining variables.
Ibadan is a city with 3565108 inhabitants. However, there are not many Renault Captur for sale on the market. Therefore, the supply is low and the demand depends on various of parameters such as car model reputation, mileage, and used car pricing.
As pictured below, cars of the make Renault and specially of their model Captur depreciate in a very average way. The average asking price of the Captur will be lowered by up to 14% ($18,551) after only one year. After 3 years, the car typically is sold for approximately 60% of its initial asking price ($13,213) while it will only be priced at 27% of the original price after 7 years ($5,959). The Captur's value after twelve years is only 11% of its initial price depending on its condition of course.
Another way to describe vehicle depreciation is to look at the decrease of value vs miles driven. The Renault Captur depreciation curve below shows this phenomenon for Ibadan. The Captur looses most of its value (approximately 50%) within the first 30,000km of its mileage. The average price for a Captur at that mileage is $11,968. After that the devaluation plateaus: at 90,000km the Renault Captur is valued for $6,842 in Ibadan and for $3,410 at 180k km driven.
The last factor that significantly determines the selling price of a used car is the technical and optical condition of the vehicle. The table below shows the deflation of a Renault Captur according to its year and its condition.
|Vehicle Year||Renault Captur Condition|
|Renault Captur variations:|