Are you currently looking to buy (or sell) a BMW X5 in Singapore? Vehiclus studied the local used automotive market of all cities in Singapore to determine a pricing profile of various BMW models depending on their age, technical condition, optical condition, and mileage. To maximize your earnings when selling your X5 (or to be certain to not be ripped off when purchasing a BMW X5) it is a good idea to learn all price-determining factors.
Singapore is a city with a current population of 3547809 people. However, there are not many BMW X5 available on the market. Therefore, the supply is small and the demand depends on a multitude of factors such as season, brand popularity, and reliability.
As shown below, cars of the make BMW and specially of the model X5 loose their value in a very standard fashion. The mean price of the X5 will be decreased by 14% ($49,426) after just one year. After 3 years, the car usually is valued at 61% of its initial asking price ($34,820) while it will only be valued at 32% of the original price after 7 years ($16,219). The X5's value after twelve years is only 11% of its initial price depending on its condition of course.
Another way to describe vehicle depreciation is to examine the loss of value vs miles driven. The BMW X5 depreciation curve below describes this phenomenon for the city of Singapore. The X5 looses most of its value (~ 46%) within the first 30k km driven. The typical price for a X5 at that usage level is ca $31,914. After that the depreciation slows down: at 90,000km the BMW X5 is sold for $17,874 in Singapore and for $9,440 at 180k km .
The last parameter that significantly impacts the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below illustrates the deflation of a BMW X5 according to its year and its condition.
|Vehicle Year||BMW X5 Condition|
|BMW X5 variations:|
|X5 3.0i BVA|
|X5 4.6is BVA|
|X5 3.0d BVA|
|X5 4.8is BVA|
|X5 4.4i BVA|