Are you currently looking to buy (or sell) a Mercedes SLR in Singapore? Vehiclus analyzed the used automotive market of all towns in Singapore to establish a pricing profile of various Mercedes models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your profits when selling your SLR (or to be sure to not be ripped off when buying a Mercedes SLR) it is a good idea to learn most price-establishing variables.
Singapore is a town with 3547809 inhabitants. Nevertheless, there are not many Mercedes SLR for purchase on the market. That's why the supply is low and the demand depends on a multitude of factors such as season, brand popularity, and used car pricing.
As shown below, cars of the car manufacturer Mercedes and especially of their model SLR devaluate in a very usual fashion. The average price of the SLR will be decreased by up to 13% ($51,105) after only 1 year. After three years, the car typically is valued at 60% of its original selling price ($36,793) while it will only be priced at 29% of the MSRP after 7 years ($16,191). The SLR's value after 12 years is only 11% of its original price depending on its condition of course.
One more way to analyze car depreciation is to study the loss of value vs miles driven. The Mercedes SLR depreciation curve below shows this phenomenon for Singapore. The SLR looses most of its resell price (ca 50%) within the first 20,000miles (30,000km) of its mileage. The typical price for a SLR at that mileage is ca $32,881. After that the depreciation plateaus: at 90k kilometers the Mercedes SLR is priced for $19,156 in Singapore and for $9,136 at 180,000km .
The last factor that significantly determines the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below describes the deflation of a Mercedes SLR according to its year and its condition.
|Vehicle Year||Mercedes SLR Condition|
|Mercedes SLR variations:|