Are you currently looking to buy (or sell) a Volkswagen LT in Ibadan? Vehiclus surveyed the used automotive market of all metropolitan areas in Nigeria to determine a pricing profile of various Volkswagen models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your LT (or to be certain to not be overcharged when purchasing a Volkswagen LT) it is of value to understand most price-establishing variables.
Ibadan is a city with 3565108 inhabitants. However, it is hard to find more than a handful Volkswagen LT on the market . That's why the supply is little and the demand depends on various of factors for example car model reputation, fuel mileage, and reliability.
As described in the figure below, cars of the make Volkswagen and especially of the model LT loose their value in a very average way. The average asking price of the LT will be lowered by up to 14% ($28,402) after only one year. After three years, the car usually is sold for approximately 64% of its original asking price ($20,430) while it will only be valued at 31% of the original price after 7 years ($9,182). The LT's value after twelve years is only 10% of its initial price depending on its condition of course.
Another way to analyze vehicle depreciation is to study the loss of value vs kilometers driven. The Volkswagen LT depreciation curve below describes this phenomenon for Ibadan. The LT looses most of its value (~ 45%) within the first 30,000km driven. The mean price for a LT at that usage level is ca $18,279. After that the devaluation slows down: at 90k kilometers the Volkswagen LT is priced for $10,633 in Ibadan and for $5,264 at 180,000km driven.
The last value that heavily influences the price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the deflation of a Volkswagen LT according to its year and its condition.
|Vehicle Year||Volkswagen LT Condition|
|Volkswagen LT variations:|
|LT 32 COMBI SURLV 9PL EPT 3550 TDI (109ch)|
|LT 28 COMBI 9PL EPT 3550 TDI (95ch)|
|LT 32 COMBI SURLV 9PL EPT 3550 TDI (83ch)|
|LT 28 COMBI 9PL EPT 3550 TDI (83ch)|
|LT 35 COMBI SURLV 9PL EPT 4025 TDI (95ch)|
|LT 35 COMBI SURLV 9PL EPT 4025 TDI (83ch)|
|LT 28 COMBI 9PL EPT 3000 TDI (83ch)|
|LT 28 COMBI 9PL EPT 3000 TDI (109ch)|
|LT 32 COMBI SURLV 9PL EPT 3550 TDI (95ch)|
|LT 35 COMBI SURLV 9PL EPT 4025 TDI (109ch)|
|LT 28 COMBI 9PL EPT 3000 TDI (95ch)|
|LT 28 COMBI 9PL EPT 3550 TDI (109ch)|