Are you looking to buy (or sell) a BMW X3 in Johannesburg? Vehiclus surveyed the used auto market of all towns in South Africa to determine a pricing profile of various BMW models depending on their age, technical condition, optical condition, and mileage. In order to maximize your profits when selling your X3 (or to be sure to not be ripped off when purchasing a BMW X3) it is useful to learn all price-establishing variables.
Johannesburg is a town with currently 2026469 inhabitants. Nevertheless, there are not many BMW X3 available on the market. Therefore, the supply is small and the demand depends on various of factors for example season, fuel mileage, and reliability.
As shown below, cars of the car manufacturer BMW and especially of their model X3 depreciate in a very standard fashion. The mean price of the X3 will be lowered by up to 13% ($43,788) after only 1 year. After three years, the car typically is valued at 64% of its initial asking price ($31,103) while it will only be priced at 31% of the MSRP after 7 years ($14,462). The X3's value after twelve years is only 13% of its original price depending on its condition of course.
One more way to describe vehicle depreciation is to examine the decrease of value vs miles driven. The BMW X3 depreciation curve below describes this phenomenon for Johannesburg. The X3 looses most of its resell price (approximately 46%) within the first 30k kilometers of its mileage. The mean price for a X3 at that mileage is $28,355. After that the devaluation plateaus: at 90k kilometers the BMW X3 is sold for $16,168 in Johannesburg and for $8,488 at 180k km driven.
The last value that significantly effects the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the deflation of a BMW X3 according to its year and its condition.
|Vehicle Year||BMW X3 Condition|
|BMW X3 variations:|
|X3 3.0i BVA|
|X3 2.5i BVA|
|X3 3.0d BVA|