How to Determine the Value of a Used Car ?

The market for used cars in the UAE is quite large. According UAE used car market report, more than 60% of respondents expressed a desire to purchase a used car. Fortunately, there are used car auto markets in almost every Emirate, as well as plenty of used cars online. If you want to sell or buy a used car, you should be able to estimate the fair market value of the used car in order to get the best deal. However, the value of a used car is determined by a variety of factors. This guide will show you how to determine the value of a used car.

CALCULATORS FOR CAR VALUES

There are several car value calculators available on the internet thanks to the World Wide Web. Tools can assist you in determining the resale value of a used car and determining the best price to pay for a used car. On We Buy Cars, you can find free car valuation features. Simply enter the make and model, trim, year, mileage in kilometers, and regional specifications. After you've entered all of your information, click get my car estimated value. The car value estimator will then determine the approximate price range of your used car, the number of offers made on the website for the make of your car, and the number of cars sold through the website.

Please keep in mind that this is the transaction value of the used car, not the asking price. When selling your used car, you can charge more than the transaction price determined by the website. However, given the actual condition of your car, charge the buyer. We are not suggesting that you ask for more money if the car is not worth it. For car inspections, our platform either dispatches a team or contacts you. A car inspection is required when selling used cars through a used car dealer or online.

More importantly, in We Buy Cars, car inspection goes to the seller on the buyer's behalf, thoroughly inspects the vehicle, and provides a comprehensive inspection report.

KEY FACTORS IN DETERMINING THE VALUE OF A USED CAR

Estimating the value of a used car can be difficult. Although there is no exact science or formula for estimating the value of a used car, certain factors are important in the estimation process. Let's look at some of the important factors that influence the value of a used car,

Car’s age

The age of the vehicle is determined by the car's model. A car model that is only two years old will be worth more than an older model. Even the same model will be worth less if purchased 5 years ago.

Mileage

Mileage is an important consideration. Measuring mileage pretty much sums up whether or not a used car is worth purchasing. The value of a used car in the UAE depreciates faster after 100,000 kilometers. The more a vehicle is driven, the less valuable it becomes.

Model

 The resale value of newer, well-maintained models is typically higher. That is why buyers are always interested in the year of manufacture of the vehicle.

Trim

 A used car's trim is made up of a variety of features. Depending on the model, most models have different versions with different specs. Trim options include Standard, Limited, and Platinum. Please keep in mind, however, that cars with high-end trims typically depreciate more and faster than cars with fewer bells and whistles.

Car’s condition

 A well-maintained car in visibly good condition will be worth more than a car that clearly appears to have seen better days. Scratches, dents, and repainted panels can detract from the used car's value.

Service History

Once again, car service increases the value of a junk car car. A track record of regular maintenance not only extends the life of the vehicle but also allows buyers to pay a fair price. Buyers are willing to pay more for a car that performs better on the road due to a well-maintained engine.

DIFFERENT VALUES FOR THE SAME MODELS - WHAT MIGHT BE THE CAUSE?

You may have noticed that the prices of the two cars differ despite the fact that they have the same features, specs, year, and model. As a result, knowing the value of your car is essential before purchasing a used car. There are numerous factors that can influence the value of a vehicle, including,

Accident history

 Residents of the UAE have easy access to this information. Simply go to your Emirate's official police website to learn about the number of times a specific car has been in an accident, the traffic fines incurred by the vehicle, and even the vehicle's certification.

Interior and exterior features

 No one wants to buy a car with a faulty engine, dangerous tires, or rusted and dented doors. Before purchasing a used car, every buyer thoroughly inspects it from the inside out before valuing a used car. If you're selling a used car, make sure none of these features have been damaged. If minor repairs are required, make them before listing your car for sale.

Regional variations

 Almost every model is available in regional variations. Cars with Japanese specifications typically cost more than those with GCC or American specifications.

Mechanical history

 If a car has been in a major accident or does not have a good service history then as a result accidental car value will decrease. Before making a final purchase, most buyers have a qualified mechanic inspect the vehicle.

Car service records

 Used-car dealers typically have this information. However, if you are purchasing a used car from a private party, ask for the vehicle's service and maintenance records.

Conclusion

If you have a used car and you don’t have an idea about its worth simply just take a quick visit at We Buy Cars and avail the free used car valuation service here. We buy any type of car whether it will be a scrap car, junk car, old car, second-hand car, or a damaged car. You just give some basic details about your vehicle and know the used car value online easily and quickly. We have shared some important factors that can be useful to estimate your used car’s value. If you like any of them leave a comment. 

  • Used Cars
  • Sell a Used Car
  • Used Cars in UAE
  • Accidental Car Value