As an expatriate in a new state like Dubai, when you have to do a task like to sell a car in Dubai you may have to undergo some research from the scratch in order to know the right procedures of selling used car in Dubai.
Dubai is a place that may offer several facilities to their residents, no matter where they are from but in return they expect their residents to follow all the set rules vigilantly. Same is the case with selling or buying a car. There are set procedures of selling a car in the state that are legal and can be used freely. It is important to note that every state has their own set of rules and regulations that has to be followed accordingly. Any form of non-compliance by anyone may result in severe punishment, especially if an expatriate.
Therefore, as an expatriate in Dubai it is important to make note of all the methods that are legally available to you and can benefit in the maximum way, in the short time period that you are there.
In order to facilitate your initiation to sell your car in Dubai, here is a guide that can help in getting a holistic idea about how to sell a car in the area.
Buy with a potential Resale value before you Sell a Car in Dubai
There is no question about the fact that Dubai is the kind of place where you have to have a vehicle to get around. Therefore, as a fresh expatriate, who is most likely to be there for a couple of years, you need to be vigilant as to which car they are going to buy. The type of car you buy speaks volumes about its resale value as well. Ideally go for a popular model in Dubai, which is forecasted to have a constant demand in the years to come, and who might not have many competitors or versions coming up.
Do your Research on the Used Car Market
It is important that you equip yourself in terms of knowledge regarding the used car market in this state. Dubai used car market is one of the largest car market, featuring multiple advanced as well as conventional methods to sell any car Dubai.
You can get some idea about the current trends of the used car market and which methods are mostly popularly used by the locals to sell a car. Ask around people who have recently sold their car, to give an account of their experience. You can also go through reviews of these websites.
Decide upon a Medium of Sale
There are several mediums through which car sellers use to sell a used car in the Dubai region. These include selling to private contacts, selling to car dealers as well as privately selling it through classifieds among others. Nevertheless, the most popularly used mediums are as follows:
- Online Car selling Websites
These are used when you want to sell your car privately. There are dedicated online websites for selling or buying a car in Dubai. These are basically online marketplaces for used cars where buyers and sellers come to these platforms in search for an ideal deal. Car sellers just have to publish an advertisement on these classified websites in order to gain attention of potential buyers.
- Car Dealerships
There are many car dealerships available in the Dubai region. There are those who offer to buy cars for cash, and then there are those who have certain conditions as to which car they will accept in terms of brand and make. Nevertheless, these car dealerships are good for trade in options, if you want a new car immediately or you are selling a recent car model.
- Specialist Car Buying Companies
These are professional car expert businesses that offer a service to their customers. They basically facilitate their users in handling all the car selling process in quarter the time that is taken to sell a used car. The minimum process time is what attracts most car sellers towards them.
Prep your Used Car for Sale
The next step that you need to do is to prepare your used car for sale. As you have been using it for quite some time, you must be aware of its glitches in terms of its exterior appeal as well as performance.
As customers would always go for a used car that is in mint condition, therefore start off with a maintenance checkup, followed by a car wash. Do take it for a spin afterwards in order to judge its improvement.
Get it Evaluated
Now that your car is all neat and tidy, the important step of the process is that you use a car valuation in order to get to know the worth of the car. Knowing the worth of your car would help you to know how much your car has depreciated and how much remaining will come back to you. You can either use online car valuation websites for an estimated value or take your car for a physical inspection to a car expert.
Make sure all your Outstanding Dues are paid
Before you put it up for sale, it’s recommended that you make sure all your outstanding dues against your used car are paid off. This include car fines, car loan installments or any other dues involving your car as a collateral asset. Paid off dues giving a good impression to the buyers and increases the chances of selling your car quickly.
Set a Realistic Price
Now that you know the worth of your car, it’s time to set a realistic price for your car. This price should also have a profit margin for yourself, but not too high that it might repel the potential buyers. Search for other sellers’ advertisement of a similar car and judge what would be the best price to offer that buyers would be attracted to.
Negotiation is the Key
Last but not the least, when it comes to sealing the deal, negotiation is the key. Make sure that when you are meeting a potential buyer, you have your sales pitch ready. This will help you in convincing the buyer to take up the offer that you have quoted. This depends on whether what you are saying reflects in your used car as well.
Don’t have much time to spare? Go for the Medium that suits you best
In order to sell your car Dubai, it’s important to set your priorities first. Expatriates in Dubai are mostly there to work and might not have much time in going through the lengthy process of selling a used car. Therefore, it’s important to pick that medium to sell a car in Dubai that would suit you best.
