Sports Utility Vehicles (SUVs) are among the most top-rated vehicles in the UAE market, thanks to their impressive performance features, rugged yet bold appeal and advanced safety systems. Equipped with leading-edge drivetrain technologies, SUVs are the perfect choice for off-road adventures in the UAE such as desert safari and dune bashing. The ever-growing popularity of SUVs is a major reason why these vehicles have a higher resale value in the used car market as compared to other vehicles. However, some important factors must be considered when you are selling your SUV in the UAE. These factors impact the resale value of an SUV and can help car sellers get a fair price for their vehicles.
Given below are some important factors that impact the resale value of an SUV in the UAE.
Physical and Mechanical Condition of the Used SUV
If you are looking to sell your SUV in the UAE, the first thing you have to think about is the condition of your vehicle. A well-maintained vehicle is bound to attract the attention of car buyers, thus making it easier to sell the used vehicle at a fair price. On the contrary, if you have not maintained your vehicle well over the years of its use and have also not paid attention to getting the minor fixes done before selling, it will have a negative impact on the resale value of your vehicle.
The car sellers must get their vehicle inspected by an expert mechanic before selling it. This practice can help in determining the minor and major problem with the vehicle (if any), which can lead to potentially improving the overall condition of the vehicle. It is essential to understand that car sellers must not go for mechanical or physical overhauling of their vehicles. For example, it will not be a good idea to get the engine of the vehicle modified to improve its performance or to get a paint job so that the car looks new. Car buyers look to purchase vehicles with genuine parts and accessories and any unnecessary modifications can badly impact the resale value of a used vehicle.
Paperwork and Service History
The documentation of a vehicle should be genuine as the car buyers will require to check it before completing the purchase. The paperwork will validate the ownership of the vehicle and inform the potential buyers about the vehicle’s service history over the years. The service history of the vehicle provides detailed insights to the car buyers regarding the maintenance and repairs of a vehicle over the years of its use. The availability of all the genuine documents will instill confidence in the car buyer to proceed with the purchase.
Age and Mileage of the Used SUV
Car buyers usually aim to purchase a vehicle that has relatively lower mileage and is only a few years old. The rule of thumb is to sell a vehicle within the first few years of its purchase if you are looking to get the best resale price for it. However, if the vehicle is old but has not been driven too excessively, it can still attract a fair resale price. It is important to understand that an SUV or any other new vehicle loses most of its original value during the first three to five years of its purchase.
Car Modifications
Some car owners opt for mechanical and physical modifications to improve the performance and outlook of their vehicles. However, such modified vehicles tend to have a lower resale value in the used car market as most car buyers do not prefer buying modified vehicles. The general perception about vehicles with modified parts is that they are more vulnerable to wear and tear as compared to vehicles with genuine parts and accessories. The genuine parts usually have certain years of warranty offered by the manufacturer, which plays an important role in ensuring the satisfaction of a car buyer.
Choosing the Right Car Selling Platform
The most common platforms for selling a used car in the UAE include car dealerships, classified websites and specialist car buying companies. Classified websites connect a car seller with numerous car buyers who may be interested in their advertised vehicle. Car sellers post an advertisement on these websites with information about their vehicle and its expected price. While this platform allows car sellers to reach out to a wider customer base, it is not the best way to sell a used car in the UAE. There is a huge risk of car scams while selling a used car through these websites as people with fraudulent intentions can approach car sellers using their contact information mentioned in the classified ad. It can also take several days of negotiations with interested buyers to sell a vehicle at a fair price through classified websites.
Selling a car through car dealerships requires experience, especially because the car dealers are experts in their field, and they can easily convince the seller to accept the price they are offering. Owing to their vast knowledge of the car market, car dealerships can trick car sellers into selling their vehicles at low prices. Selling a car through dealerships can result in a financial compromise for car sellers.
Specialist car buying companies allow car sellers to sell their used vehicles in a convenient and hassle-free manner. The price offered reflects the actual market value of the vehicle and the company manages all the crucial aspects of the car selling process. The process of price estimation is free and car sellers are not bound to sell the vehicle to the company if they are not satisfied with the final price.
Best Way to Sell an SUV in the UAE
Choosing a specialist car buying company like SellAnyCar.com is the best way to sell a used car in the UAE. SellAnyCar.com is the largest car buying company in the UAE that offers a hassle-free car selling process and ensures guaranteed purchase of every car that has been inspected by its experts. The car sellers can evaluate the estimated price of their vehicles through the company’s online car valuation tool. The seller has to provide information about the condition, model and mileage of the vehicle to calculate its potential market price within just a few seconds.
Car sellers then have to book an appointment for a physical inspection of their vehicle at one of nationwide branches of the company. The comprehensive inspection is conducted by experts who check, and test drive the vehicle to calculate its actual price. This is followed by a final offer, which reflects the actual price of the vehicle in the used car market. If the price is acceptable to the car seller, they can complete the purchase by signing a sales agreement with SellAnyCar.com. The entire post-sale paperwork is managed by SellAnyCar.com and the payment is made through electronic bank transfer. In this way, an SUV can be sold at a fair price without any hassle.
If you are looking to sell your used car to buy a new one with advanced safety features and improved performance, then don’t forget that with us, you can sell any used car in just 30 minutes while all the post-sale paperwork is handled by SellAnyCar.com’s team.
