Are you currently in the market to buy (or sell) a Renault Wind in Ibadan? Vehiclus surveyed the used car market of all metropolitan areas in Nigeria to establish a pricing profile of various Renault models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your Wind (or to be sure to not be overcharged when purchasing a Renault Wind) 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 Renault Wind 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 Renault and specially of their model Wind depreciate in a very standard manner. The average asking price of the Wind 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 Wind'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 Renault Wind depreciation curve below describes this phenomenon for Ibadan. The Wind looses most of its resell price (ca 50%) within the first 30,000km of its mileage. The mean price for a Wind at that mileage is ca $8,831. After that the depreciation plateaus: at 90k kilometers the Renault Wind 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 Renault Wind according to its year and its condition.
|Vehicle Year||Renault Wind Condition|
|Renault Wind variations:|