Have you ever wondered how to get an accurate online car valuation in Dubai? We have you covered. Let us help you with some basics so you can go through the process effortlessly, without feeling clueless.
Whether you’re buying or selling a used car, you always wonder if you’ve got the price right. This is especially so when you want to sell your car and want a fair price based on the current market value in the UAE. Having an online valuation becomes an excellent tool to guide you on the resale value of your car as per current market trends.
3 minutes and 3 steps to an online valuation:
At Cash Your Car UAE, we have simplified the process for our clients so that your free car valuation takes just about a few minutes.
- Enter the details – Fill in all the information about your vehicle—make year of manufacture. The more correctly you enter information, the more accurately it will give you an answer.
- Get a fair estimate—our car valuator software will process the data you have provided and with that, it will generate an estimate
Importance of knowing your car’s resale value:
Ideally, an actual inspection of your car is the best way to ascertain its value. However, an online valuation tool helps you before you take the next step.
Know your vehicle’s worth: A valuation from a verified source gives you a true picture of what your car is worth.
Be prepared for negotiation: After you get a broad idea of what you can expect for your car, you can gauge how much you are willing to budge from your original asking price.
Make an informed decision: Whether you sell through your network, a reliable dealer, or directly to a company that purchases used cars, you should always be armed with substantial information and be aware of current market trends so that you can make a decision without ambiguity or confusion.
Protection from scammers: Once you have an estimate, you are not gullible and cannot be taken advantage of by scammers, who may want to buy your car for a much lower price.
Online valuation benefits:
Free car appraisal: An online tool like the one provided by Cash Your Car UAE is free, and you can use it multiple times without spending anything extra.
Time-saving: Going to a verified source for an actual valuation can become tedious if it is too far from where you live or work. This saves time, effort and fuel while giving you sufficient clarity.
Transparency: There is no personal bias involved, as the software functions purely on the basis of data fed into the system. The entire process is transparent, and software driven, so there is no possibility of human error of judgement.
Close-to-accurate estimate: Getting your car’s valuation online gives you a fairly good idea of what its resale value is, based on the degree to the criteria honestly shared. The final valuation price may differ slightly after an actual inspection but will be quite close to the estimate.
Factors that affect the valuation:
In Dubai and across the UAE, there are some stringent rules and regulations that vehicle owners must comply with. If these are not duly adhered to, then the car might not find a buyer easily.
The resale value of a car depends on several factors:
GCC Compliance: If the car does not meet GCC specifications (the specifications established by the Gulf Cooperation Council (GCC) for vehicles), it will fetch a lower price.
Mileage: A car that is of a recent make but has been driven too many kilometres is likely to fetch a lower cost than a car that is older but has run just a few thousand kilometres.
Car history: A vehicle that has had a major or a minor accident will fetch a price according to how it has been impacted, externally as well as internally.
Maintenance: Well-maintained cars are always in greater demand because they are properly looked after and in good condition. Scratches, dents, stained or torn upholstery, or faulty mechanical parts can substantially reduce a car’s resale price.
Warranty: An active warranty on the vehicle makes it more appealing than one that is out of the warranty period.
Car Model: Worldwide, there are always certain brands and models that are always in high demand, either because of their looks, their luxury factor, their durability or their overall appeal.
Colour & Customisation: Colours like white, red, or black are universally popular and always in demand, including in Dubai. However, certain colours find fewer takers, which affects their sale price. Customised features like metallic trimmings or leather seat covers can often add to the uniqueness of your car and fetch you a better deal.
Service history: An incomplete service history indicates neglect, lack of proper maintenance, and insufficient care. Having a meticulous record of consistent servicing shows that your car is likely to be in good condition.
Differences between free tools and professional inspections.
While an online calculator is a sufficiently reliable guide to understanding your car’s worth, it is only as accurate as the information you have fed it.
A professional inspection is done at the company showroom or garage by experts trained in the industry. Their facility has the tools to check the vehicle step by step, using advanced testing machines.
Comparing valuations from multiple platforms
When you step out to sell your used car, you must make the effort to get more than one valuation. Once you get an online estimate of your car’s worth, you should visit your service centre and let them have a look. You should also check with an individual broker or your local garage so that you get at least 3 to 4 opinions.
This will give you the range within which you can expect your car to sell. It will also give you a negotiation margin when you meet a potential buyer.
What makes Cash Your Car UAE a reliable source?
Apart from the basic criteria about the vehicle, several other details also need to be checked and verified before providing a reasonable quote. At our company, we offer a free valuation to all online users who want to sell their cars within the UAE.
Broad database: To ensure that our valued customers receive a fair and reliable e-estimate, our team has diligently gathered data from reliable automobile markets across Dubai, Abu Dhabi, and Sharjah.
Updated market trends: Our software has updated trends from across the UAE, which is synchronised with our analysis tools and algorithms. This allows us to offer you a true and trustworthy online appraisal for your vehicle, even before you step into our showroom.
Satisfied clients: Over the last 20 years, we have built goodwill for being ethical in all our transactions, offering fair prices, and ensuring that the customer goes home with instant cash and a smile.
Depreciation Rates for Cars in Dubai
Though depreciation on vehicles is calculated at a fixed rate, the intrinsic value of certain brands and models retains its premium value despite them being a couple of years old. This is especially so in the case of the luxury range of cars like Maserati, the S Class series of Mercedes-Benz, the BMW 7 Series, the Audi A8, and others. Even if their on-paper valuation is less, their market value continues to be high.
Private Sale vs. Dealer Sale: What’s Best for You?
Selling your car privately, via a dealer, or to a company that buys used cars, is a completely personal choice. It depends on which option is most convenient for your situation and whether you have found a trustworthy buyer.
As long as you are aware of your car’s market value and know how to strike a good deal, you can select a preferred option. A reliable online calculator tool assists you in this and ensures that you get a price as per the current market trends.
Unlike a private sale, when you sell via a dealer, you have to pay an agreed fee as a commission. They may/may not handle the documentation and paperwork for you.
Companies that buy used cars take on the responsibility of paperwork, RTA documents, clearance, paying off pending loans, and finding actual buyers themselves. They pay cash instantly after an in-person inspection and deducting outstanding dues.
FAQs on Online Car Valuation in Dubai
- Can I negotiate with buyers using an online valuation?
An online valuation is a tool that can guide you on the approximate sale price of your car. Yes, if you are selling directly or via a dealer, it can be the base price from which you can negotiate.
- Is online car valuation free on all platforms?
Cash Your Car UAE offers a free online valuation for all customers. However, there are paid sites that take a processing fee for every vehicle that you want to have assessed.
- How accurate are online valuations compared to dealership estimates?
While online valuation tools give a fair estimate, it also depends on the platform that you access. Some sites use dated or basic tools, while others, like Cash Your Car UAE, are constantly updated as per market trends.
An in-person valuation from a reliable company or dealership gives you a better idea only because they give you a quotation based on the actual physical condition and sound mechanics of the car.
- Can I get an online valuation for a modified car?
The online valuation tool is designed for standard vehicles and may not fully account for the value added (or reduced) by modifications. For an accurate valuation, it’s best to visit our branches as our experienced car inspector will better understand how modifications impact the car’s market value in Dubai.
To know how to go about selling your car in Dubai, after getting an online valuation, click here.