Are you in the market to buy (or sell) a Volkswagen Kombi in Ibadan? Vehiclus studied the local used automotive market of all metropolitan areas in Nigeria to establish a pricing profile of various Volkswagen models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your profits when selling your Kombi (or to make sure to not overpay when purchasing a Volkswagen Kombi) it is of value to learn most price-establishing variables.
Ibadan is a metropolitan area with a current population of 3565108 people. Nevertheless, there are not many Volkswagen Kombi available on the market. Therefore, the supply is small and the demand depends on various of factors for example maintenance costs, mileage, and brand competetivness.
As seen below, cars of the manufacturer Volkswagen and especially of their model Kombi depreciate in a very usual manner. The mean selling price of the Kombi will be lowered by up to 14% ($24,309) after just one year. After three years, the car typically is valued at 63% of its original selling price ($18,081) while it will only be worth 27% of the original price after 7 years ($7,654). The Kombi's value after twelve years is only 13% of its initial price depending on its condition of course.
Another way to describe car depreciation is to look at the decrease of value over miles driven. The Volkswagen Kombi depreciation curve below shows this phenomenon for Ibadan. The Kombi looses most of its value (approximately 45%) within the first 30k kilometers of its mileage. The average price for a Kombi at that usage level is $15,478. After that the devaluation slows down: at 90k kilometers the Volkswagen Kombi is valued for $9,535 in Ibadan and for $4,235 at 180k kilometers of mileage.
The last parameter that significantly determines the price of a used car is the technical and optical condition of the vehicle. The table below shows the devaluation of a Volkswagen Kombi according to its year and its condition.
|Vehicle Year||Volkswagen Kombi Condition|
|Volkswagen Kombi variations:|