Are you currently looking to buy (or sell) a Kia Soul in Singapore? Vehiclus surveyed the used car market of all metropolitan areas in Singapore to establish a pricing profile of various Kia models depending on their age, technical condition, optical condition, and mileage. To optimize your profits when selling your Soul (or to be sure to not overpay when buying a Kia Soul) it is of value to understand most price-establishing variables.
Singapore is a metropolitan area with a population of 3547809 people. Nevertheless, it is hard to find more than five Kia Soul on the market . Therefore, the supply is low and the demand depends on a multitude of factors for example car model reputation, fuel mileage, and reliability.
As shown below, cars of the car manufacturer Kia and especially of the model Soul depreciate in a very normal manner. The average price of the Soul will be decreased by up to 13% ($15,235) after just 1 year. After three years, the car typically costs only 64% of its initial asking price ($11,013) while it will only be valued at 29% of the MSRP after 7 years ($4,946). The Soul's value after twelve years is only 10% of its initial price depending on its condition of course.
Another way to describe vehicle depreciation is to study the decrease of value over miles driven. The Kia Soul depreciation curve below describes this phenomenon for the city of Singapore. The Soul looses most of its resell price (approximately 46%) within the first 30k kilometers of its mileage. The mean price for a Soul at that usage level is approximately $9,783. After that the depreciation plateaus: at 90,000km the Kia Soul is valued for $5,737 in Singapore and for $2,836 at 180,000km .
The last factor that heavily impacts the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Kia Soul according to its year and its condition.
|Vehicle Year||Kia Soul Condition|
|Kia Soul variations:|
|SOUL 1.6 CRDi BVA|
|SOUL 1.6 CRDi|