Looking to sell your car and wondering what the resale value of car is? Car valuation in Dubai is an important determinant in setting the asking price for a used car. Too high a price and you will have to wait for months for phone calls from potential buyers. If the price is too low, you might get multiple offers leading to a quick sale but you would be the one losing out. At CarSwitch, we realize the importance of car valuation in Dubai. So we are here to rescue you with some valuable tips on how to value your car. Take a look!
No Comparing Apples with Oranges: To ensure that your asking price is realistic you will need to indulge in a bit of research and check market value of similar cars. Either you can scour through Dubizzle to find a car similar to yours in age, mileage, condition and features. Or you can take a simpler route and use CarSwitch’s handy car valuator. The choice is yours!
The Uniqueness Charge: Have you added some unique, custom features to your car? If yes, then it’s okay to charge a price higher than the market value. You may have added navigation or tinting, or new seat covers perhaps. All such additions will drive up the resale value of your car. In most cases, it’s best to try to align your car’s price with its market value.
Your Car Condition Tells the Tale: Sometimes used cars in Dubai, UAE can look as good as new. A flawless condition and no mechanical or cosmetic faults mean you can probably bump up the price of your car. Consider fixing and revamping your used car BEFORE you bring it to the market. It’s also a good idea to keep a record of your car’s service history and share it with buyers.
Time to Haggle: Most buyers in the UAE like to haggle, so remember to leave some room for negotiation. Set the asking price a little higher than the market value of your car.
Charm Pricing: Instead of setting a rounded figure like AED 30,000, quote a slightly lower price like AED 29,900. It’s a trick used by retailers and car sellers all over the world and it might work to your benefit too. Take a look at this article if you are interested in learning more about pricing strategies.
Still confused on how to value your car or what price to set? CarSwitch’s free car valuator can help with car valuation in Dubai and rest of the UAE. Check it out!
