Are you currently in the market to buy (or sell) a Suzuki Samurai in Ibadan? Vehiclus surveyed the local used auto market of all towns in Nigeria to determine a pricing profile of various Suzuki models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your Samurai (or to be sure to not overpay when purchasing a Suzuki Samurai) it is of value to understand most price-determining factors.
Ibadan is a town with 3565108 inhabitants. However, there are usually not many Suzuki Samurai for purchase on the market. That's why the supply is little and the demand depends on a multitude of factors for example maintenance costs, brand popularity, and used car pricing.
As seen below, cars of the make Suzuki and especially of their model Samurai loose their value in a very conventional process. The mean asking price of the Samurai will be decreased by up to 13% ($21,945) after only one year. After three years, the car typically is sold for about 64% of its original asking price ($15,948) while it will only be worth 32% of the MSRP after 7 years ($7,006). The Samurai's value after twelve years is only 12% of its initial price depending on its condition of course.
One more way to analyze car depreciation is to study the decrease of value over miles driven. The Suzuki Samurai depreciation curve below shows this phenomenon for the city of Ibadan. The Samurai looses most of its resell price (ca 46%) within the first 30k kilometers of its mileage. The average price for a Samurai at that mileage is $14,054. After that the devaluation plateaus: at 90k kilometers the Suzuki Samurai is valued for $8,312 in Ibadan and for $3,951 at 180k kilometers of mileage.
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 illustrates the devaluation of a Suzuki Samurai according to its year and its condition.
|Vehicle Year||Suzuki Samurai Condition|
|Suzuki Samurai variations:|
|SAMURAI 1.3L HARD-TOP|
|SAMURAI LONG HARD-TOP|
|SAMURAI LONG PICK-UP|
|SAMURAI 1.3L TOLE|
|SAMURAI 1.3L BACHE|