Are you in the market to buy (or sell) a Daewoo Kalos in Singapore? Vehiclus analyzed the used car market of all towns in Singapore to establish a pricing profile of various Daewoo models depending on their age, technical condition, optical condition, and mileage. To maximize your profits when selling your Kalos (or to be certain to not overpay when buying a Daewoo Kalos) it is very recommended to know most price-establishing variables.
Singapore is a town with a population of 3547809 . Nevertheless, there are usually not many Daewoo Kalos available on the market. Therefore, the supply is not high and the demand depends on a multitude of factors e.g. brand reputation, brand popularity, and reliability.
As described in the figure below, cars of the car manufacturer Daewoo and specially of the model Kalos loose their value in a very predictable way. The average value of the Kalos will be lowered by up to 14% ($15,030) after just 1 year. After 3 years, the car usually is sold for about 64% of its original asking price ($11,178) while it will only be valued at 30% of the original price after 7 years ($4,877). The Kalos's value after 12 years is only 13% of its original price depending on its condition of course.
One more way to describe car depreciation is to study the decrease of value vs miles driven. The Daewoo Kalos depreciation curve below shows this phenomenon for the city of Singapore. The Kalos looses most of its resell price (approximately 47%) within the first 30k kilometers of its mileage. The mean price for a Kalos at that usage level is $9,585. After that the devaluation plateaus: at 90k km the Daewoo Kalos is priced for $5,908 in Singapore and for $2,770 at 180k km of mileage.
The last factor that heavily determines the price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Daewoo Kalos according to its year and its condition.
|Vehicle Year||Daewoo Kalos Condition|
|Daewoo Kalos variations:|
|KALOS 1.2L SE / SE PACK|
|KALOS 1.4L SX BVA|
|KALOS 1.4L DOHC|
|KALOS SE / SE PACK|
|KALOS 1.2L SHOC|
|KALOS 1.4L SX|