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I use the 2016 Merida Big7 XT edition as my commuter bike.  Very similar to your bike, except the XT parts.

 

 

The XT edition sold new for about R 18k list price, possibly R15k normal price.  The "40" would have cost a bit less ....

 

 

As the 27,5 tires are not very popular in SA the 2nd hand price may be negatively impacted.

 

 

Sadly the typical approach of less 40% in year one, then less 10% per year there after results in an insultingly low figure .....  :wacko:   :ph34r:   These bikes really are worth a lot more than that.

 

 

Sadly dont know if you will get more than R5k for it .... again, I do think it is worth more than that, but I am biased as I love my Merida.

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