The second hand cars market is a thriving market, and if you are looking to sell your car, you shouldn’t have any difficulty finding a buyer. However, with the growing interest of buyers in the pre-owned cars in the UAE, chances of selling your car at a good price reduce as the buyer has many sellers to cater to his demands. We’ll give you some tips on how to get the best deal for your car.
Know the value of your car
Before you list your car with a dealer or put it up online for sale, it is best to know the value of your car. There are many sites that offer this service for free; you will have to fill in some details like the car’s make, model, year and distance and get an estimate for it. Knowing how much your car is worth will help you negotiate better and fend off buyers whose asking price is not in your range. Usually, a car’s value depreciates by 10% every year since the day it has been purchased. The current value of your car can be calculated by subtracting the percentage from the present ex-showroom price. You can give or take 5% depending on the condition of the car.
Listing your car online
It might be cheaper to list your car online as a lot of online portals offer this service free of cost without charging you a commission or a fee. Selling your car through an agent or dealership might cost you in fees or commission, and you might lose money for selling your car. You can also sell your car to a friend or a relative forgoing both of the above.
Visit multiple dealerships
If you’ve decided to skip the online listing and sell through a dealer instead, it would be wise to check with various dealers before settling on one particular dealer. Many times the price differs depending on the demand, and hence, different dealers might offer different prices.
The distance on the odometer
Try to keep the kilometer reading on your odometer to a minimum as possible, as no buyer wants to buy a car which has run more than a certain number of kilometers. However, if you can’t avoid using your car for long distance travel, don’t hold on to the car for too long. Five years is an ideal period of ownership.
Model and color
Certain brands of cars and certain colors are always in higher demand than others. So that’s something to keep in mind when you buy your car as selling it at a later point makes it that much easier.
Repair and polish your car
We all know that often, the first impression is the last impression, so you want the buyer to have the best impression of your car. Before you show your car to a buyer to get a mechanic to do a thorough inspection and take care of any dents or damages that may be there. Make sure the engine is in good running condition, and the service manual is up to date. You could also invest in getting it polished and getting the interiors cleaned.
No matter who offers you a great deal on your car, remember there is always room to negotiate. So even if your dealer is ready to offer you a certain price and you are not very happy with it, you can always negotiate for a better price. There is no guarantee that the dealer will always give in, but it is worth giving it a shot.
Time is of the essence
Once your car has been listed try and closes the sale as quickly as possible as once the car is on the market for too long, the buyers may be unsure and may begin to wonder if there’s something wrong with the vehicle. Also if you are going with a dealership and you’ve got a good offer, don’t wait too long to take it up as they usually don’t hold out the offer for too long.
If you are a first time seller, the process involved in selling your car might seem daunting from getting it cleaned, to listing it online or visiting various dealers. But do remember the more effort you put into preparing your car will get it sold quicker and for a good price.