Subaru Legacy for sale in Ibadan (Nigeria)

Are you currently in the market to buy (or sell) a Subaru Legacy in Ibadan? Vehiclus studied the local used car market of all metropolitan areas in Nigeria to determine a pricing profile of various Subaru models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your profits when selling your Legacy (or to make sure to not be overcharged when purchasing a Subaru Legacy) it is useful to know most value-determining factors.

Supply and Demand of Subaru Legacy on the local vehicle market

Ibadan is a city with a current population of 3565108 people. Nevertheless, it is hard to find more than three Subaru Legacy on the market there. That's why the supply is little and the demand depends on a multitude of parameters for example brand reputation, mileage, and reliability.

Price Devaluation Curve of the Legacy in Ibadan

As pictured below, cars of the make Subaru and specially of the model Legacy loose their value in a very customary process. The average value of the Legacy will be decreased by 13% ($25,516) after just 1 year. After three years, the car typically costs only 61% of its original asking price ($18,309) while it will only be priced at 29% of the MSRP after 7 years ($7,977). The Legacy's value after twelve years is only 10% of its original price depending on its condition of course.

Depreciation according to vehicle mileage

Another way to analyze vehicle depreciation is to examine the decrease of value vs mileage. The Subaru Legacy depreciation curve below illustrates this phenomenon for the city of Ibadan. The Legacy looses most of its value (~ 45%) within the first 30k kilometers of its mileage. The mean price for a Legacy at that usage level is ca $16,530. After that the devaluation plateaus: at 90k km the Subaru Legacy is sold for $9,612 in Ibadan and for $4,499 at 180k km of mileage.

Subaru Legacy price depending on condition (fair, good, excellent)

The last parameter that heavily effects the sell price of a used car is the technical and optical condition of the vehicle. The table below shows the deflation of a Subaru Legacy according to its year and its condition.

Vehicle Year	Subaru Legacy Condition
	fair	good	excellent
2017	$19,884	$24,321	$28,758
2016	$17,486	$21,387	$25,289
2015	$15,258	$18,662	$22,067
2014	$13,200	$16,145	$19,091
2013	$11,312	$13,836	$16,361
2012	$9,594	$11,735	$13,876
2011	$8,047	$9,842	$11,638
2010	$6,669	$8,157	$9,646
2009	$5,462	$6,680	$7,899
2008	$4,424	$5,412	$6,399
2007	$3,557	$4,351	$5,144
2006	$2,860	$3,498	$4,136
2005	$2,332	$2,853	$3,374
2004	$1,975	$2,416	$2,857
2003	$1,788	$2,187	$2,587
2002	$1,771	$2,167	$2,562