The resale value of a car depends upon its usage, maintenance history and so on. If you have a used car to sell, your potential customers would be concerned about the following factors to judge the resale value of your car.
- Mileage
The very first thing a buyer would be concerned about is the mileage. The less the mileage the more is the resale value. You would not find many people looking to buy a car with extended using history. - Car’s Condition
By condition I mean its outer and inner appearance. Is it well maintained? Is the paint totally unharmed? Does it have any scratches? Are there any dents? How’s the interior of the car? And so on. If your car is in good a shape, expect a healthy price for it. Big or small, every single dent counts against the resale value. - Mechanical Condition
This is the most important thing when it comes to the resale value. How sound is the engine? Are there any oil leaks? Is the steering wheel smooth and easy on the hand? Do the brakes function properly? If your car is mechanically fit, it would enjoy a healthy resale value in the used cars market. - Car’s Specifications
Your car’s specifications can have a huge effect on its resale value. Is your car manual or automatic? Is it a 4WD? Is it a hybrid machine? How strong is the engine? The better the specifications the more is the resale value.
- Repair history of the car
This is another vital factor that can affect the resale value dramatically. A used car with a long history of repairs may carry a low resale value. Obviously, the repairs are done due to faults. - Accident history of the car
This can totally turn the tables. If your car has a history of minor or major accidents, it would have a low value. - Is the car rusty?
The UAE’s weather is hot and humid thus rust is a common phenomenon. The rust free cars fetch a better price. - Car’s Brand
Brand matters! The value of a Mercedes would be a lot better than the value of a Hyundai car. - Colour of the car
Due to the hot weather conditions here, most people prefer cars with light and bright colours. The black and dark coloured cars can get hot really quickly. This is the last thing anyone would want in the hot climate of the Arabian Peninsula. - Demand of Your car Model in the Market
If you have a car selling like hot cakes in the market, it would obviously help you in obtaining a good price for it.
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