Are you currently in the market to buy (or sell) a Nissan Gt-R in Johannesburg? Vehiclus surveyed the used car market of all towns in South Africa to establish a pricing profile of various Nissan models depending on their age, technical condition, optical condition, and mileage. In order to optimize your profits when selling your Gt-R (or to make sure to not overpay when purchasing a Nissan Gt-R) it is very recommended to understand most value-determining factors.
Johannesburg is a town with a population of 2026469 people. However, it is hard to find more than three Nissan Gt-R on the market there. Hence, the supply is small and the demand depends on a multitude of factors such as maintenance costs, brand popularity, and used car pricing.
As shown below, cars of the make Nissan and especially of the model Gt-R loose their value in a very customary fashion. The average price of the Gt-R will be decreased by up to 14% ($30,645) after only one year. After three years, the car usually is valued at 60% of its original selling price ($22,400) while it will only be worth 27% of the MSRP after 7 years ($9,828). The Gt-R's value after twelve years is only 12% of its first price depending on its condition of course.
Another way to analyze vehicle depreciation is to look at the loss of value over miles driven. The Nissan Gt-R depreciation curve below shows this phenomenon for Johannesburg. The Gt-R looses most of its resell price (approximately 46%) within the first 20,000miles (30,000km) of its mileage. The average price for a Gt-R at that mileage is ca $19,594. After that the devaluation slows down: at 90k kilometers the Nissan Gt-R is sold for $11,705 in Johannesburg and for $5,550 at 180,000km driven.
The last value that significantly effects the selling price of a used car is the technical and optical condition of the vehicle. The table below illustrates the devaluation of a Nissan Gt-R according to its year and its condition.
| Vehicle Year | Nissan Gt-R Condition | ||
|---|---|---|---|
| fair | good | excellent | |
| 2017 | $24,414 | $29,890 | $35,366 |
| 2016 | $21,470 | $26,285 | $31,101 |
| 2015 | $18,734 | $22,936 | $27,138 |
| 2014 | $16,208 | $19,843 | $23,478 |
| 2013 | $13,890 | $17,005 | $20,120 |
| 2012 | $11,781 | $14,423 | $17,065 |
| 2011 | $9,880 | $12,096 | $14,312 |
| 2010 | $8,189 | $10,026 | $11,862 |
| 2009 | $6,706 | $8,210 | $9,715 |
| 2008 | $5,432 | $6,651 | $7,869 |
| 2007 | $4,367 | $5,347 | $6,327 |
| 2006 | $3,511 | $4,299 | $5,087 |
| 2005 | $2,864 | $3,506 | $4,149 |
| 2004 | $2,425 | $2,970 | $3,514 |
| 2003 | $2,196 | $2,688 | $3,181 |
| 2002 | $2,175 | $2,663 | $3,151 |
| Nissan Gt-R variations: |
|---|