Are you currently looking to buy (or sell) a Volkswagen LT28 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. To optimize your earnings when selling your LT28 (or to be sure to not be overcharged when buying a Volkswagen LT28) it is useful to understand most value-determining factors.
Ibadan is a metropolitan area with a population of 3565108 people. Nevertheless, there are usually not many Volkswagen LT28 on the market. That's why the supply is not high and the demand depends on various of factors such as maintenance costs, fuel mileage, and used car pricing.
As seen below, cars of the make Volkswagen and specially of their model LT28 depreciate in a very conventional process. The mean asking price of the LT28 will be lowered by up to 13% ($34,441) after only one year. After 3 years, the car typically costs only 64% of its original asking price ($24,975) while it will only be worth 29% of the MSRP after 7 years ($11,596). The LT28's value after 12 years is only 10% of its original price depending on its condition of course.
Another way to analyze car depreciation is to study the loss of value vs kilometers driven. The Volkswagen LT28 depreciation curve below describes this phenomenon for the city of Ibadan. The LT28 looses most of its resell price (approximately 47%) within the first 30,000km driven. The mean price for a LT28 at that mileage is $22,209. After that the depreciation plateaus: at 90k km the Volkswagen LT28 is sold for $13,138 in Ibadan and for $6,862 at 180,000km of mileage.
The last value that heavily determines 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 LT28 according to its year and its condition.
|Vehicle Year||Volkswagen LT28 Condition|
|Volkswagen LT28 variations:|
|LT28 COMBI 9PL EPT 3000 TDI (83ch)|
|LT28 COMBI 9PL EPT 3550 TDI (83ch)|
|LT28 COMBI 9PL EPT 3550 TDI (95ch)|
|LT28 COMBI 9PL EPT 3000 TDI (109ch)|
|LT28 COMBI 9PL EPT 3000 TDI (95ch)|
|LT28 COMBI 9PL EPT 3550 TDI (109ch)|