To estimate the price of the 2022 Toyota Corolla 1.6L XLI HEV (Base) with 38450 km mileage, I considered the following data points: 1. The new car price for a 2024 Toyota Corolla 1.6L XLI is AED 74900. 2. The selling prices of similar 2022 Toyota Corolla 1.6L XLI models with higher mileage (50714 km, 66251 km, and 67573 km) were AED 60341.5, AED 56941.5, and AED 56941.5 respectively, sold in late 2023. Given the lower mileage of the target car, it should be valued slightly higher than these sold prices. 3. Applying a depreciation rate of 10% per year to the new car price of AED 74900 for two years results in an approximate value of AED 60600. Considering the actual selling prices and the lower mileage of the target car, I adjusted the estimate accordingly.