Are you currently in the market to buy (or sell) a Nissan Gt-R in Singapore? Vehiclus surveyed the used car market of all towns in Singapore 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.
Singapore is a town with a population of 3547809 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 Singapore. 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 Singapore 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|
|Nissan Gt-R variations:|