How to Maximize Your Car’s Resale Value in Dubai

Here are some important factors that affect car resale value in Dubai:

1.     Car Age and Age Depreciation Curve

The easiest thing that will have an impact on your cars resale value is the age of the car. The rate of depreciation of cars is highest during the first 3 to 5 years on the road, even in Dubai. A new vehicle depreciates greatly as soon as it is driven off the showroom. Once this downward first drop becomes too sharp, the depreciation slows down. Maximizing returns can be achieved by selling your car before it is too old to generate returns, which usually should be within 7years.

2.     Use and wear

Mileage is a tangible factor that depicts the extent of usage of a car. Cars with less mileage attract customers more and sell at a higher price when they are later resold. This is because in Dubai, it is always better to maintain the mileage in your car at a balance that is lower than 100,000 km. The cars of 100,000 to 150,000 km start selling reasonably well with a lowered price. Cars that are more than 150 000 km on the odometer also have a high depreciation.

3.     Full record Service and Repair

This is a significant record when selling a car as it is a well-documented service history done by certified service facilities. In Dubai, it is the expectation of the buyers that they have to see evidence of the routine oil changes, checking, and repairing. Such a record demonstrates that the car is taken care of and increases the confidence in the buyer and the value in reselling.