If you are looking for an hassle free place to sell any car in UAE and best tips to follow while doing so then do not miss to read this post to get valuable information and regulation updates on how to sell you car in Dubai, Abu Dhabi, Sharjah or any part of UAE.
It’s always a good habit to save any kind of information about your car when you own it. In situations like this where you are willing to sell it, information like this can be helpful to gain trust of buyer. Many of us ignore this step until the end, but this information can surely generate more interest in inquiries you get following next steps.
Try to get as much information on your car history as possible. The car’s original sales paperwork, servicing records and label are the most important of all. You might think that you know it all since you have been with the car for all this time, but you will be surprised when you see sales paperwork. You might find some feature unknown or unused by you but adds value to your car sale.
In total, gather as much info as you can on your car purchase. Even information like regular oil changing is a good impression of proper maintenance of the car than regular tune-ups. Any information will help get you a higher price to sell your car in Dubai.
1. Your Car’s Worth
For many people, buying a car is the second biggest transaction in their life after real estate investment in getting a house. But unlike real estate investment, the value of car diminishes as time goes by. In fact, the moment you buy a car, its value diminishes fast and then gradually goes down slowly over the years of its use.
Usually car owners tend to overestimate the value of car without proper consultation which might tend to over estimate the value of car. So how do you get the real value on your car? Let’s look at a few points to asses the value and sell car in Dubai for cash.
The most important factors that affect your pre-owned car value are:
Brand and model
Safety and comfort features
To see how these can affect the price on your used car, lets take a look at the report published by Dubizzle which is a known name for car selling website in Dubai.
As you see from the long report above, the highlight takeaways from it are:
Japanese sedans such as the Toyota Camry, Toyota Corolla, Honda Accord, and Nissan Altima were the top 10 most listed and most popular models on their website last year.
61% of the cars listed in used cars category last year were for less than AED 60,000, and 20% were between AED 60,000 – AED 119,999.
Most of the cars can be evaluated based on the report above. This should help you get a clear picture of the used car market in UAE as well.
2. Dealership or Private Sell
Once you know the true condition of your car and its value, the next step is to decide if you like to sell it with help of dealers or by yourself. Both choices have its own advantages and disadvantages.
Sell car fast in Dubai and conveniently.
No personal calls/text at home.
Not everything has to be perfect in your car. If it can be driven with no major problems, most of the dealers can take care of that used car from there.
Make sure to first negotiate the price of new car before announcing the sale of your used car from the dealer which you may buy new car from.
Negotiate directly with buyers which generally means more financially attractive.
No dealer overhead cost and hassle.
The ads on website or press will help the sale.
Pay no extra VAT for used car sell.
We usually recommend the second option to sell it yourself if you have time or in need of more money. The ads on website listing can get little pricey depending on which website you would like to go for. And then there are a few free classifieds website like our free car classifieds section where you can buy and sell used cars for free. You could also try to sell luxury car in Dubai on social platforms like Facebook.
3. Price to Sell Your Used Car
Whether you go for dealership sale or private sell any car in UAE, you would want to do some little things to fix your car and increase its value.
Lights: These are usually not so inexpensive to fix. If your car has minor lights problem or sometimes indicator lights don’t work properly, getting them fixed will surely help.
Dents or scratches: This is also an inexpensive solution to increase the price of your car where you fix any visible dents and scratches on the outside of car. If its a big dent or scratch then it might get expensive but will definitely be helpful in sell car in Dubai.
Tires: Buyer’s usually check tire treads to get sense of overall wear and tear. Its always a good idea to replace them if they are out of shape. A major booster for sell car in Dubai for cash.
Windshield cracks: If any buyers sees a crack on the windshield, expect a major knockoff on the price of your used car. Getting it fixed at any local garage will not be so expensive than the reduced price on the car.
If you have spent money for fixing these little things on your car, it has probably improved the price of your used car. Now all you need to do is to set the asking price.
Ask for higher price if:
Your used car is still under warranty or extended warranty with all the required proper documents.
You have kept the car in regular maintenance.
New tires or brakes have been installed recently.
Go for lower price if:
You are short on time and sell it quickly.
If the used car requires a major service maintenance or new tires or breaks or any other part of the car.
Any major accident in the history of the car.
In any case, its always a good idea to leave some space in price for negotiations. Asking price is the starting point for prospective buyers. Do not expect for car sale at the initial asking price.
4. Make An Online Ad That Sells
Since you have decided to sell your car by yourself online in Dubai or UAE, its time to make an ad and attract more buyers towards it. Online ads and talking to buyers directly also gives you the option to field questions to weed out the time passers and save time showing the car to serious buyers.
Make sure your ad has these things:
A brief description: Highlighting the car’s most in-demand features will be a good start for your ad.
Reason of Selling (ROS): Acronym as ROS by the new generation these days, saying the reason of selling upfront is a good impression maker.
Vehicle’s condition: Being honest about the condition of vehicle will save you time.
Asking Price: Be clear about the asking price which will help you target buyers in that price range. Any terms like open for negotiations or not negotiable should be stated out clearly here so that it saves time for you and the buyers.
Forms of Payment: If you are open for different modes of payment, then its also an attractive point for buyers. Many of the buyers in UAE like to pay by Check or credit cards. If you need help to make transactions with credit cards, you can use online payment processor like Paypal.
5. Its Sale Time!
Once the buyer has show interest in your used car, its time to make sale happen. Clearing out any doubts and questions before you invite them to visit and check the car is a good idea. Sending the pictures of documents to serious buyers will also help.
Test Driving the Car
Clarify payment terms before setting up schedule for test driving. You might be surprised how many buyers still in line to get their financials right.
Try to answer any questions about the car before the actual test drive when you meet them in person. They might still have some questions unanswered when talking to you online.
Choose a safe public place for the test drive to avoid any unexpected accidents since you are not the in the driver seat now.
Make sure to ask for the buyer’s driving license before handing over the keys.
Always accompany the buyer or ask any of your friends or family members to be with them until the test drive is finished.
Remember that potential buyers will asses you alongside your used car, so its always good to be friendly, knowledgeable about your car and honest.
After the test drive, if the buyer likes what they see and feel about your car, its time to get down to numbers for sale.
But before you go for numbers, always ask more questions to the buyer and know more about him. You can ask about what he is driving now, reason of buying your used car and what’s most important to them. This will help you highlight your car features and clearing any concerns they have.
The art of negotiation includes knowing the lowest number you can stop at. Be confident that if they are going below this number that there are other buyers for it out there.
Once you both agreed on a price which is good and reasonable, its better to make the sale as soon as possible. Always ask for cash as it will help prevent any bank or card frauds. A cashier’s check is also helpful as its same like cash.
Make sure that you have the photocopy of the buyer’s license. It will help you to prevent any fraud and also help you make the transfer with RTA.
Selling your used car doesn’t need to be distressing or troublesome. Following these steps will definitely help you get the price you desire to sell your car in Dubai online.