How much is my Car Worth: Car Valuation Methods Used in the UAE

For those who want to sell their used car, the first and foremost step is for them to know howmuch is my car worth. Knowing the value of your used car is an important aspect of selling a used car. This is because, used cars are a result of depreciation through the years, which results in lesser worth as compared to its retail price. Nevertheless, the worth of a used car may depend on the extent of which it was used and how it has maintained its original form. 

In the UAE, there has been an increased awareness of getting to know the worth of a used car, whether you want to sell it or not. This is because there is a huge used car market and selling and buying of cars is a frequent trade. Therefore car owners keep themselves updated in terms of how much the value of their car is at the current time. 

How much is my Car Worth

If someone wants to sellused car and need to know its worth, then there are various methods available in the UAE, through which, a value against your car can be known.

Use Online Car Valuation Websites to know how much is my car worth

One of the most used method in the UAE to get to know a quote against your used car are online car valuation websites. 

There are certain websites which offer a free service of providing a car valuation. These websites only require a few details regarding the sellers’ car and then a quote is appeared within minutes. On the other hand, there are those who may ask for a small fees for this service online. These may require you to provide a few more details as compared to the free sources of car valuation and then a figure may appear within minutes. These websites come in handy when you want to sell car online privately. Also if someone wants cash for cars then these can give them an idea of how much they may earn.

Professional Car Dealerships

There are also some car dealerships who offer a service of giving free car valuation in order for car owners to know the worth of their used car. In such cases you will have to physically take the car to thedealership center and get it inspected by their representatives. 

For car dealerships, every transaction is measured by their own benefit. Therefore, if a car belongs to a recent model, less than two years, then they might give a higher worth for it. This is solely because they would want it to be in their dealership and get a good resale value from it. Whereas, for other used cars, they may give a much devalued figure against it and may push you in accepting a trade in option.

Specialist Inspection and Valuation from Car Buying Companies

One of a recent and possibly the most reliable outlet used in the UAE to get a car valuation is through specialist car buying companies. These companies are basically service providers who are willing to buy any kind of used car. 

The first step of these companies is for car sellers to use their official online free car valuation portal. Through this, car sellers just need to fill out a small form regarding their used car and within a few minutes there is a quote against it. If the car seller is happy about it or need an accurate figure, they have an option of booking an appointment for a physical inspection within their service centers. There, professionals inspect the car and give an accurate quote against it. This process is recorded to take few minutes thus making it efficient for car sellers. 

So if you are in the UAE and want to know how much is my car worth then these are the methods that you can use to get a quick quote against your used car.

I Want To Sell My Car in Dubai

People often come to car experts by saying, “I Want to Sell My Car inDubai”, expecting to find an answer right that instant. There are many ways through which you can sell your car and make sure you get a good price for it. Especially if you live in Dubai, you have the choice of finding a great buyer who will help you with selling your car quickly and make sure that the transaction process is as smooth as possible. 

However, before you brag to your friends that you can “sell my car in Dubai in any condition,” you should make sure that your car is prepared properly for the big sale. Here is what you need to do before your car is customer ready. 

I Want To Sell My Car in Dubai – Car Maintenance Report

Make sure that before you take your car to the potential buyer to the dealer, you have the complete car maintenance report with you. This is the reason why you need to make sure that you keep a record of the car maintenance and have it ready for when you want to sell your car. The maintenance report will show that you have taken good care of your car. If you changed any parts of your car, you should mention that in your report as well. 

Also, the physical appearance of your car some under car maintenance too. So, before you take your car to the potential buyer, you should make sure that you wash it and clean it from inside and out. Make sure that the car is clean from the outside and let it dry out in the sun. Also, you need to ensure that the interior of the car is stain free and odor free. If the exterior of the car looks good and the interior stinks badly, the buyer is never going to buy your car when he can find another one that smells just as good as it looks.

Always Check the Tyres of Your Car

While you can go to a dealer and tell him “I want to sell my car,” you should make sure that the tyres of your car are in good condition. Before you can take your car to a potential buyer, you should always check your car tyres for deflation or wear. If the tyre of the car is not in good condition, the price of the car will decrease exponentially. 

This is because if the buyer has to buy new tyres with an old car, he would try to buy your car for less since he will have to make an investment on the car after the sale. Saying “selling my car is easy” is not enough, you have to make it easy for yourself. This is why you need to main your car on time and make sure that you are paying attention to parts of your car that are often neglected. So, make sure that you pay proper attention to every part of your car for a smoother sale, and if the tyres need replacement, you should do it before you take it to a buyer. This will only increase the price of your car. If you want to say, “I want to sell my car in Dubai successfully,” you will have to make such decisions.

How to Sell your Car if it has Outstanding Finance?

There are certain aspects of the time when you decide to sell your car that makes it more difficult to carry it out; bad condition of your car with missing wheels and rust, missing keys, emotional attachment and most importantly if you don’t own it yourself. 

If your car is financed through a bank or any financial company to which you owe money against your car and this process has lingered on for quite a few years, during which you decide to sell your car, then it definitely can make things complicated. In such situations, it’s not just two parties that needs to be satisfied but three, and one of which might not be present at the time of negotiation. 

But with just a bit of preparing, honesty and a positive attitude nothing is impossible to handle. Therefore, we will highlight situation when a financed car be sold, how and to whom you can sell your car to:

Sell your Car if its Unencumbered

Most of the financed cars are bought against a secured load. This means that the financier makes the car as al security, which can be used in case the borrower isn’t able fulfil all repayments.

So unencumbered means that your car may not have money owing against it even if you borrowed money against it.

Which Finance should you use?

If you want to buy a car with financing and you decide to sell it in a few years, then it’s advisable that you take a personal loan or buy it on credit than through a secured loan. This way even if you sell your car, you will be liable for it, not the car. At the time of sale, no third party is involved. 

Now comes the question, which is the most reliable and transparent medium to sell your financed car to without taking up too much hassle.

Whom to sell your financed Car?

Majorly there are two medium who can accept to buy your financed car. These include car dealers and car buying companies. Following is an account of how each of them works in such a situation:

Sell to Car Dealers

Even though you need to do some research but there are certain car dealers to whom you can sellany car even if it’s financed. These car dealers can buy your car by deducting the amount of outstanding loan that is owed on the used car. Nevertheless, they can charge you a fee for buying such a car. This is because car dealers are more concerned about how much profit they can earn. 

Sell to Car Buying Companies

To these companies, you can sell your car for free! You don’t need to pay for a car valuation or any extra charge of buying a financed car. They only require a letter detailing a current settlement figure from the finance company. After buying the financed car, they will be paying off the outstanding amount themselves and deduct the amount from the amount they pay you. 

These are some of the important points to consider before you decide to sell your car that contains an outstanding finance.