Renault Megane for sale in Singapore (Singapore)

Are you in the market to buy (or sell) a Renault Megane in Singapore? Vehiclus studied the local used automotive market of all towns in Singapore to establish a pricing profile of various Renault models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your earnings when selling your Megane (or to be sure to not overpay when purchasing a Renault Megane) it is a good idea to learn most value-determining factors.

Supply and Demand of Renault Megane on the local car market

Singapore is a metropolitan area with 3547809 inhabitants. Nevertheless, there are not many Renault Megane available on the market. Hence, the supply is little and the demand depends on various of parameters e.g. car model reputation, fuel mileage, and brand competetivness.

Price Devaluation Curve of the Megane in Singapore

As pictured below, cars of the make Renault and specially of their model Megane devaluate in a very conventional way. The average selling price of the Megane will be decreased by 14% ($19,470) after just one year. After three years, the car typically costs only 64% of its original asking price ($13,839) while it will only be valued at 29% of the MSRP after 7 years ($6,278). The Megane's value after twelve years is only 10% of its first price depending on its condition of course.

Depreciation according to mileage

One more way to analyze vehicle depreciation is to examine the loss of value over kilometers driven. The Renault Megane depreciation curve below describes this phenomenon for Singapore. The Megane looses most of its value (ca 50%) within the first 30,000km driven. The average price for a Megane at that mileage is $12,544. After that the devaluation slows down: at 90,000km the Renault Megane is priced for $7,136 in Singapore and for $3,597 at 180k kilometers .

Renault Megane price depending on condition (fair, good, excellent)

The last factor that heavily influences the selling price of a used car is the technical and optical condition of the vehicle. The table below describes the devaluation of a Renault Megane according to its year and its condition.

Vehicle Year	Renault Megane Condition
	fair	good	excellent
2017	$21,208	$21,687	$22,166
2016	$18,650	$19,071	$19,493
2015	$16,274	$16,641	$17,009
2014	$14,079	$14,397	$14,715
2013	$12,065	$12,338	$12,611
2012	$10,233	$10,464	$10,696
2011	$8,583	$8,776	$8,970
2010	$7,113	$7,274	$7,435
2009	$5,825	$5,957	$6,089
2008	$4,719	$4,826	$4,932
2007	$3,794	$3,880	$3,965
2006	$3,050	$3,119	$3,188
2005	$2,488	$2,544	$2,600
2004	$2,107	$2,154	$2,202
2003	$1,907	$1,950	$1,994
2002	$1,889	$1,932	$1,975