The very first thing that pops up in mind whenever we talk about selling a pre-owned car in Dubai is its price determination and therefore finding its true value is a must. Having a better idea about the value of your car can easily help you in finding the appropriate price for your used car.
The best thing about knowing the true value of your car is that it tells you about how to negotiate a price with any potential buyer or seller. However, that being said it is also true that you should be well aware about the factors that play a crucial role in determining the fair market value of your vehicle.
Let’s have a look at some of these factors in detail;
Table of Contents
The Car’s Colour
As prospective buyers, we are more fascinated by colours that are more desirable than others. That is why, a car with a more desirable colour will have a higher selling price as compared to a car with a less desirable colour. Owing to the fact that different colours are renowned on various models, it probably isn’t worth splashing out on a respray.
No Damage
One of the most prominent factors to consider is the nature of damage the car has. It stands true without any doubt that a car in excellent condition with minimal to no damage or markings can easily attract a top price.
The way in which the Car is Sold
Besides other factors, it is also essential as to how and where a car is sold as it can really affect its value. It is worth mentioning here that selling your car through Carswitch.com will mean that you’ll get a rapid and convenient sale without any concern. Moreover, the best part is that you will get a far better deal as compared to a private sale in most of the cases.
Modifications
In majority of the cases, unmodified cars are considered as more desirable to buyers and which is to be kept in mind if you’re opting to modify a car that you may want to sell in the future. The modifications should not put off any potential buyers but it’s crucial to keep in mind that some insurers may not opt to insure a car because of them.
Wear and Tear
A common misconception is that a used car will tend to have the odd stain here or a mark on the bumper there. However, sometimes even minor scratches to the bodywork and also general wear and tear can easily bring down the real value of a car. Besides, spending a bit of cash to repair or replace any kind of damaged parts could be a wise decision to make in the long term when we talk about selling.
Complete Service History
It should also be kept in mind that a full service history record for the car can also enhance its value as it can give a clear message to potential buyers that the car has been frequently serviced and well taken care of.
Extra Features
Cars that have additional features such as a dash cam, rear-parking camera, built-in sat nav or a multimedia system to name a few can attract a much higher selling price.
Broken Car Parts
Along with wear and tear, if the car also needs any kind of parts repaired or replaced, it will negatively influence its value.
No Up-to-Date Documents
Car documents that are not up-to-the-minute, such as no current MOT or gaps in the service history of the car in consideration, can have just as adverse an effect on a car’s value just like physical damage.
Number of Previous Owners
A simple rule of thumb is that the more owners a car has, the value of the car in consideration will be less in majority of the cases. A sincere advice would be to opt for a car that didn’t have that many owners in the past.