Are you currently in the market to buy (or sell) a Volkswagen LT32 in Ibadan? Vehiclus studied the local used car market of all cities in Nigeria to establish a pricing profile of various Volkswagen models depending on their age, technical condition, optical condition, and mileage. In order to maximize your earnings when selling your LT32 (or to make sure to not be ripped off when purchasing a Volkswagen LT32) it is of value to know most price-establishing factors.
Ibadan is a city with currently 3565108 inhabitants. Nevertheless, there are not many Volkswagen LT32 for purchase on the market. That's why the supply is low and the demand depends on various of parameters such as season, mileage, and reliability.
As described in the figure below, cars of the make Volkswagen and specially of the model LT32 loose their value in a very average way. The mean price of the LT32 will be lowered by 14% ($42,478) after only 1 year. After three years, the car typically goes for only 61% of its original asking price ($30,326) while it will only be valued at 32% of the original price after 7 years ($13,733). The LT32's value after twelve years is only 13% of its initial price depending on its condition of course.
One more way to quantify car depreciation is to look at the loss of value vs kilometers driven. The Volkswagen LT32 depreciation curve below shows this phenomenon for the city of Ibadan. The LT32 looses most of its value (ca 45%) within the first 30k km driven. The average price for a LT32 at that usage level is $27,395. After that the devaluation plateaus: at 90,000km the Volkswagen LT32 is valued for $15,730 in Ibadan and for $7,894 at 180,000km .
The last parameter that significantly influences the sell price of a used car is the technical and optical condition of the vehicle. The table below describes the deflation of a Volkswagen LT32 according to its year and its condition.
|Vehicle Year||Volkswagen LT32 Condition|
|Volkswagen LT32 variations:|
|LT32 COMBI SURLV 9PL EPT 3550 TDI (109ch)|
|LT32 COMBI SURLV 9PL EPT 3550 TDI (83ch)|
|LT32 COMBI SURLV 9PL EPT 3550 TDI (95ch)|