Buying a used car for sale, a hefty purchase:
Buying a used car for sale is still a hefty purchase and everyone wants it done as safely as possible. We speak with carswitch.com owner, who can handle the transfer process for all the used cars buyers and sellers. From the experiences, here is a perfect guide that will let you help while setting a right sale price for the used car and also during the most critical step of the process, transferring ownership!
Selling used car is like selling your personal belongings:
Selling your personal belongings on the second hand market is rarely an exercise to which anyone actually looks forward to, particularly when it’s of financial and emotional significance such as placing your used car forsale. As the 10th buyer tries to haggle another Dh1,000 off because of just a scratch, happy memories of road trips into the desert in your beloved car will invariably surface. However, for those you are actually planning to sell their used car on the secondhand market, one of the mostly commonly and frequently asked questions is: how do I can price my used car for sale? Here are the five principles to follow to ensure you secure best deal while selling your used car.
1-Set your car’s price expectation:
Used cars for sale depreciate and in the UAE the depreciation curve is particularly steep. Our research generally suggests that used cars depreciate almost 20 to 30 percent in the first year, also 15 to 20 percent per year for the following coming three to four years, and ultimately 10 to 15 percent for every follow on year. Make, model, mileage and condition of used car certainly play an important role, but also there are free online used car valuators that can help you in determining the current market value of your used car.
2-Try to do negotiation in a soft tone:
Sellers typically expect serious buyers to negotiate and also buyers know that. However, leaving an excessive negotiation margin will likely place your starting price considerably a bit above the market value, hence decreasing the interest your used car will draw and prolonging the overall selling process. If you are not that weird to haggle over the last dirham, consider pricing your used car for sale at the level you are actually willing to sell it and communicating upfront that it is actually non-negotiable. After all, this is far more convenient to filter out buyers over the phone rather than trying by yourself at home with test drives for buyers that end up usually low balling your used car and walking away.
3-What’s available in the market right now:
Serious buyers looking for secondhand cars will have done considerable research about their open options. So as a seller, you should also do a valuable research and should also avoid getting stumped when buyers tell you that there’s another comparable vehicle for a lower price. A simple online search of all online classified websites will give you a good sense of what’s available right now. If you do spot a less expensive but the comparable car, look at the specifics of the car and also be prepared always to answer why yours is being sold for a premium. It could be possibly lower mileage, more features, or that you still have a valid manufacturer warranty. In fact, it will surely help you to be proactively explain those advantages in your car ad upfront.
4-Need to know the current new price of your used car:
Most of the authorized dealers in Dubai often run promotions, so also don’t rely on the price you brought your used car for sale for as it has very likely changed since then. Also be mindful that the current dealer promotions are often only on the entry level version of your current car model. So finally if you have opted for the higher end version, the ongoing dealer promotion is unlikely to apply for used car. If a serious buyer brings up promotion to negotiate on the price, inform them of the specifics of your car model and its true price when it was new.
5-Service history, condition and warranty of used car payoff:
Buyers also often place more value on the condition of used car as well as its service history and a valid manufacturer warranty over any bells and whistles. So, if you have opted for fancy body wraps, exhaust kits or other enhancements that may have meant a lot to you, don’t expect serious buyers to value them in same way. Finally, before you let a potential buyer view your used car for sale, make sure you take care of any minor maintenance needs and give it a deep clean or polish.
These are the 5 general steps you need to take care of while setting a right sale price for your used car. If you have finally decided to sell your used car online in Dubai, you can’t get a better platform than crazycarcorner where you can easily sell your car under 30 minutes.