Are you currently in the market to buy (or sell) a BMW 520i in Johannesburg? Vehiclus surveyed the used car market of all towns in South Africa to establish a pricing profile of various BMW models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your 520i (or to make sure to not overpay when purchasing a BMW 520i) it is recommended to learn most value-determining factors.
Johannesburg is a town with 2026469 inhabitants. However, there are not many BMW 520i on the market. Therefore, the supply is low and the demand depends on a multitude of factors for example maintenance costs, brand popularity, and reliability.
As described in the figure below, cars of the car manufacturer BMW and specially of their model 520i devaluate in a very normal fashion. The average selling price of the 520i will be lowered by up to 13% ($42,817) after just one year. After 3 years, the car usually is sold for about 64% of its original selling price ($31,297) while it will only be valued at 27% of the original price after 7 years ($12,121). The 520i's value after 12 years is only 10% of its original price depending on its condition of course.
One more way to describe vehicle depreciation is to examine the loss of value vs mileage. The BMW 520i depreciation curve below shows this phenomenon for the city of Johannesburg. The 520i looses most of its resell price (~ 50%) within the first 20,000miles (30,000km) of its mileage. The mean price for a 520i at that mileage is $27,631. After that the devaluation slows down: at 90k km the BMW 520i is priced for $16,601 in Johannesburg and for $6,243 at 180k kilometers driven.
The last parameter that heavily effects the selling price of a used car is the technical and optical condition of the vehicle. The table below describes the devaluation of a BMW 520i according to its year and its condition.
|Vehicle Year||BMW 520i Condition|
|BMW 520i variations:|
|520i TOURING BVA|
|520i BERLINE BVA|