There are a number of different elements which determine the second hand car prices in Dubai. There are all types of used cars in the UAE car market which is certainly a blessing for both buyers and sellers. Dubai Car market is good for car sellers as they can easily find a potential car buyer due to high demand for second hand cars. For buyers, it is equally good too as they find a diversity of car selling options in the city. The second hand cars in Dubai prove to be such a hit because of their impressive condition and affordable cost. There are a variety of factors which play their part in determining the prices of second hand cars and one of them is their condition.
Let’s see in detail all the prime factors which determine the second hand car prices in Dubai car market.
Demand for a Car in the Market
This is one of the chief factors that determine whether a car will have a decent resale price or not. The prices for such cars which are more in demand are usually high. With their advanced features and reliable performance, these cars become the favorite of customers and that is why their demand builds. The most famous type of vehicles not only in Dubai but all over the UAE is SUVs and their demand usually stays high whole year. This is why their prices are also high. Luxury sedans also have a high demand so the second hand car prices of such cars are also high.
Read Also: Abandoned Cars in Dubai for Sale
Car Brand is also a factor for second hand car prices in Dubai
The price of a car also depends upon its brand’s name. Some car brands have built great reliability and popularity for their cars in the UAE. This is the reason that second hand cars of such brands get a good resale value. Toyota, Nissan, BMW, Mercedes, Ford and Honda are some of the most popular car brand names in Dubai and all over the UAE.
Modifications Made to a Second Hand Car
While some modifications like a Tyres upgrade and installing body kit add to the value of a second hand car in Dubai, some useless modifications can have a negative effect on it. You need to maintain the originality of your car up to maximum in terms of its mechanical parts and paint. The prices of second hand cars with original parts are usually high.
Car model and Service History
Some second hand car models of some brands sell well while others don’t. It has all to do with the model year of the car in which it was bought and how well it has been maintained. You must have the complete service history of your car with you when you sell as it impacts the second hand car prices.
Do Your Proper Research before Buying or Selling a Car in Dubai
Having a clear knowledge of market and industry trends helps you get an idea of the second hand car prices in Dubai. You need to explore the market properly before finalizing a deal to sell or buy a car as it can clearly impact the level of profits you get eventually.
Read Also: 5 Tips to Consider Before Selling your Car in the UAE
Before selling your car online get an estimate of it first, so go for a free online car valuation of your used car for sale.
