To know the right timing of selling your
car in the UAE is one the important things to consider, which is often not
realized by the sellers. Selling of used vehicles can be difficult for sellers
in a huge and highly competitive car market of the UAE, therefore, it is even
more important to sell it at the time.
The depreciation value of a used vehicle
continues throughout its use, and even soon after when the car is
purchased. It is suggested that the resale value of car is dropped by 20
percent in the first year of its purchase and it reaches 60 percent in the
starting 5 years after the purchase. Therefore, it is important for owners to
know about the best time to sell their used cars, while taking account of these
figures to find a good deal on time.
Car enthusiasts interested in upgrading their vehicles to new ones regularly should also be aware of all these important details. For avoiding a major financial loss, it is crucial for car owners or sellers to know and understand the best time for selling their used vehicles.
Read here to know all about the right time for selling any car in the UAE, to find a best deal and get a good resale value.
Keep the Depreciation Factor in Mind
A vehicle undergoes maximum depreciation
in the initial 5 years after its purchase, which means that it is an ideal
time to get the best resale value and cars must be sold on time within that
time period. The value of depreciation slows down after the five years of vehicle’s
purchase but the need for the regular maintenance also increases.
To get a good resale value for the vehicle
that are older than five years, it is essential for sellers to maintain their
cars regularly as per the given instructions mentioned in the vehicle’s manual.
Sell the Vehicle before it Ages
The vehicle starts showing signs of aging
as different mechanical parts have already gone through the excessive wear and
tear after few years of the purchase. Then car owners must consider that it is the
right time perhaps to sell their vehicle.
Car owners should take into consideration
that when their vehicles have all the original parts in excellent working
conditions then they can get increased resale value. Therefore, before the car
starts having break downs and frequent mechanical repairs, owners should
start thinking of selling it.
Buy New Vehicles in the Seasonal Discount Offers
There are seasonal discount offers on
new and latest models of vehicles throughout the year in the UAE, especially
during Ramadan and holiday season. With this an ideal opportunity to car owners
is provided to upgrade their vehicles to new ones as most of the popular auto
brands offer massive discount offers on selected vehicles.
In addition, car owners can decide ahead of
time when they need to sell their used cars as the seasonal car deals are
offered every year for car enthusiasts in the UAE.
Keep a Check on the Car Mileage
In the used car market of the UAE, cars
that have low mileage attract the attention of car buyers. Any used vehicle
with mileage below 60,000 Km can be a financially profitable option for
potential buyers as such a mileage is usually achieved within the first
three to four years after the purchase of the car. Therefore, it is essential
that car owners sell their vehicles on time to get a good resale price for it
by keeping a good record of their vehicle’s mileage.
Getting a Good Resale Value for your Vehicle
It is important for car owners to look for
the most reliable platform where a car can be sold at a best resale value,
when they final decision is made for selling a used vehicle.
By keeping the vehicles in best possible condition and knowing the right to
sell the use vehicles can also help in getting a fair resale price for the car.