Are you currently in the market to buy (or sell) a Renault VEL in Ibadan? Vehiclus surveyed the local used auto market of all towns in Nigeria to determine a pricing profile of various Renault models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your earnings when selling your VEL (or to be sure to not be overcharged when purchasing a Renault VEL) it is of value to know most price-determining factors.
Ibadan is a town with a population of 3565108 people. However, there are usually not many Renault VEL available on the market. Hence, the supply is small and the demand depends on a multitude of parameters for example maintenance costs, fuel mileage, and used car pricing.
As illustrated in the figure below, cars of the make Renault and especially of the model VEL devaluate in a very standard manner. The average value of the VEL will be lowered by up to 14% ($18,578) after only one year. After 3 years, the car typically goes for only 60% of its original selling price ($13,151) while it will only be valued at 31% of the original price after 7 years ($5,616). The VEL's value after 12 years is only 11% of its first price depending on its condition of course.
One more way to analyze vehicle depreciation is to study the decrease of value over mileage. The Renault VEL depreciation curve below illustrates this phenomenon for the city of Ibadan. The VEL looses most of its value (ca 50%) within the first 30k km of its mileage. The typical price for a VEL at that mileage is ca $11,996. After that the depreciation plateaus: at 90,000km the Renault VEL is priced for $6,781 in Ibadan and for $3,068 at 180,000km of mileage.
The last parameter that heavily impacts the sell price of a used car is the technical and optical condition of the vehicle. The table below lists the deflation of a Renault VEL according to its year and its condition.
|Vehicle Year||Renault VEL Condition|
|Renault VEL variations:|
|VEL SATIS 2.0dCi (150ch) FAP EURO 4|
|VEL SATIS 2.2dCi (150ch)|
|VEL SATIS 2.0T EURO4|
|VEL SATIS 2.2dCi (115ch)|
|VEL SATIS 3.0dCi BVA6 PROACTIVE QUICKSHIFT 6 EURO 4|
|VEL SATIS 2.0T BVA5 PROACTIVE EURO 4|
|VEL SATIS 2.0T BVA PROACTIVE|
|VEL SATIS 2.0T BVA5 PROACTIVE|
|VEL SATIS 2.2dCi (150ch) BVA PROACTIVE|
|VEL SATIS 2.2dCi (140ch) BVA5 FAP EURO 4|
|VEL SATIS 3.0dCi BVA PROACTIVE|
|VEL SATIS 2.2DCI (140ch) BVA5 FAP EURO 4|
|VEL SATIS 3.5 V6 BVA PROACTIVE|
|VEL SATIS 2.0T|
|VEL SATIS 2.2dCi (109ch) FAP EURO 4|
|VEL SATIS 2.2dCi (140ch) FAP EURO 4|
|VEL SATIS 3.5L V6 BVA5 PROACTIVE EURO 4|
|VEL SATIS 2.0DCI (150ch) FAP EURO 4|
|VEL SATS 2.0dCi (175ch) FAP EURO 4|
|VEL SATIS 2.0T EURO 4|
|VEL SATIS 3.0dCi BVA5 PROACTIVE|
|VEL SATIS 3.5 V6 BVA5 PROACTIVE|
|VEL SATS 2.0DCI (175ch) FAP EURO 4|
|VEL SATIS 3.0dCi BVA6 PROACTIVE EURO 4|
|VEL SATIS 2.2dCi (150ch) BVA5 PROACTIVE|
|VEL SATIS 3.0DCI BVA6 PROACTIVE EURO 4|