Right Ways to Value My Car for Quick Sale in the UAE
Every car seller at least asks once to themselves on “How to value my car” while when asking the same query to the experts help them to get the better answer. A used car’s value starts depreciating from the very first time it drove from showroom to home and keeps depreciating as the odometer keeps running. While after completing the first five years, the car’s value depreciates more as compared to the last five years. From that time onwards it keeps going down every year from 10-15 per cent. Car experts suggest that to get a good resale value of a used car, either sell it before the warranty expires, it hits the 100,000 miles or before it completes the five years. It helps to get a better resale value, a quick buyer and easy sale, as the car is considered relatively new and is in demand.
However, if your car is not among any of the above-mentioned things then how should one know the right value of their car and sell it quickly. Many factors determine the price of a second hand car, these factors can increase or decrease the car prices as well. Here we will discuss what ways can sellers opt to know the current resale value of a used car and set a realistic asking price.
Why Should I Value my Car Right Way?
If a seller is not aware of the necessity of valuing a used car right way then there are chances they cannot initiate a selling process on their own. As if sellers set a very low or very high price for their used car, they will suffer loss or no sales due to unrealistic used car prices. The sellers who have no knowledge of the car market trends, they suffer low pace selling process and a lesser market value. This could affect the sale in both manners like slowing the resale process and even not a successful sale. If the seller has kept the price too low, the buyers might thing vehicle is not worth or it is a scam to trap buyers. While, if the price is kept too high not many buyers would be attracted to the vehicle.
Quick Ways to know the Used Car Prices
The Internet has taken over our lives and we have found many ways to deal with an issue from the comfort of our home. Take the used car prices for instance, as the seller is not required to visit the car market anymore, and they can check the value of a used car just by filling a form. A car value calculator is an online tool which lets sellers know the right price of a used car according to its condition and market trends just by filling a form. This could be done the other way like checking similar cars on classified websites and comparing your own vehicle. If your vehicle has a better condition and features thus you can add a few thousand at the price.
Used Car Value Factors
The car market sees many trends coming and going and thus the used car values also get affected due to that reason. Sellers who are not aware that a used car has lower resale value must realise that there are some other factors too which could cause damaging the resale value of your car. These are discussed below in detail how a used car value is depreciated other than being old and how sellers can use these factors in their favour to get more value at the time of resale.
Aftermarket Enhancements
Car modifications are one such factor that could enhance the outlook of a car but could reduce the resale value as well. Aftermarket modifications may look good but it is not necessary that the other person will like them too and give a good price against them.
Performance Enhancements
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Car performance is one such factor that pays off very well no matter what time of the year it is. While if a vehicle has a good condition but does not perform well chances are low to get a good resale value of such a vehicle. Sellers must get some inexpensive performance enhancements to add more value to the sale. This would also help to give a boost to the sale process and your used car can get sold quickly.
Car Maintenance
No one would like to buy a dirty and broken car until unless they are not a junk car buyer. Whereas, sellers who look for buyers that do no negotiations and give instant cash, they must prepare their vehicle that way. Regular car maintenance makes prolongs the lifespan of your vehicle and at the time of resale gives some more value.
Bottom-line
Sellers must be aware of the fact that every car value depreciates with the time, while the used car values also depend a lot on the condition and market trends. However, if you have a vehicle that performs good and looks attractive, chances to get a higher resale value are increased.