How Car Buyers in Dubai Decide a Vehicle’s Worth?

If you have ever wondered how much your car is worth in one of the busiest trading channels in the automotive industry, you are not alone! If you are selling a used car or want to value your trade-in, it is important to know how car buyers evaluate a used car in Dubai. Just because you set a selling price for your vehicle does not mean you will get it.

Dubai's car trading market is vast and attracts not just locals but also expats and international car buyers - a highly competitive trading channel in the automotive sector in the Middle East. It feels like cars for sale in Dubai and the UAE come from everywhere, touch all kinds of vehicles, and are available to anyone. Each used car is evaluated against criteria from the rest of the Dubai market before buyers decide how much to offer.

In this blog, CrazyCarCorner.com explains which attributes professional used car buyers from dealers and private buyers use to value a vehicle in Dubai, so you can apply this information when selling a car in Dubai.

The Importance of Accurate Car Valuation in Dubai

If you plan to sell your car in Dubai without knowing the accurate value, you may end up receiving low-ball offers, or worse, missing selling your car altogether. It doesn't matter if you are dealing with a car dealer, a private buyer, or possibly selling your car to an online car buying company; no matter which buyer you are dealing with, each buyer considers all sorts of information, mileage, service history, what demand looks like, resale trends, etc.

Understanding this process will help you:

Set realistic expectations
Negotiate effectively
Avoid under-selling your vehicle
Sell your car more quickly

At CrazyCarCorner.com, we offer transparent and data-prescriptive insights on car pricing in Dubai and offer sellers a data-backed and informative decision-making process.

The Considerations Influencing Car Buyers in Dubai

1. The Make, Model, and Year of the Vehicle

When determining any form of value, the first consideration has to be make, model, and year. In the UAE, popular makes like Toyota, Nissan, Mitsubishi, and luxury makes like BMW and Mercedes-Benz hold value well due to demand and perceived reliability.

Many luxury cars suffer from "depreciation" more because the maintenance costs are so high.
Japanese and Korean vehicles are generally sought for better fuel economy and lower running costs.
The newer the model, the better, particularly with the balance of the warranty.

For example, a 2021 Toyota Land Cruiser will have far more value in Dubai than a 2015 Toyota Land Cruiser since it has all the new features and a lot of recent components.

2. Mileage and Use

In the UAE, mileage is often a big indicator of vehicle usage or wear. Cars with high mileage (above 200,000 km) frequently attract low-ball offers unless they have been kept in fantastic condition.

But car buyers don't just look at the numbers. They explore the type of driving, whether the car was used largely in city driving, highway travel, or off-road conditions.

Vehicles driven mostly along highways or well-maintained roads are considered to have less engine stress than cars that have been used for short repeated distances or used in desert conditions.

3. Service and Maintenance History

A thorough service history could greatly increase the resale value of your car. The regularity of service and oil changes, tires, and mechanical work shows the service history and how the car has been taken care of.

At CrazyCarCorner.com, we frequently recommend that sellers have care and maintenance records at hand. Buyers have more confidence in paying higher prices, seeing:

Certified dealer service stamps
Current servicing logs
Records of significant repairs or component changes

4. Vehicle Inspection Results and Roadworthiness

Car buyers in Dubai are also influenced by the results of an RTA inspection, especially if the car is older than three years. An RTA test and clearance tell a buying customer that the car is roadworthy, legal, and has no major mechanical problems.

In the case of a car that recently failed the last RTA test, and the customer knows about it, it will remove value when buying. On the other hand, a car that recently passed the RTA test will always receive better offers from prospective buyers or Dealers.

6. Marketplace Trends and Demand

Car buyers in Dubai want to stay current on what is reselling, market demand, and seasonal trends. For example:

SUVs and 4x4s are in demand during desert camping seasons
Sedans that get better fuel economy are preferred by families and commuters
Electric and hybrid models are new popular vehicles based on the exploration of fuel prices and government support
If your type of car aligns with current demand trends, you will receive more competitive offers at a faster rate.

7. Accident and Insurance History

Buyers frequently ask for an accident report (vehicle history) to verify that the car has not been involved in a serious accident. A clear accident history increases the resale value of the vehicle significantly. Major accidents and structural damage to a vehicle lower its value.

Dubai has services like CarReport or Emirates Vehicle Gate that give the potential buyer impartial access to accident records, insurance records, which directly builds customer confidence.

Conclusion

Selling your car in Dubai does not have to be a game of chance: there is a real 'value' to your car and by knowing how car buyers value cars you will know what the process is going to be like whether you are going to sell your car privately, sell your vehicle to a dealer or sell your vehicle via an online portal such as CrazyCarCorner.com.

Instead of guessing work in the UAE car market, trust to show you what experts know actually what is happening in real-time as industry experts, utilizing industry valuation tools (always based on car valuation standards that exhibit 'real value'), and by treating every customers with care CrazyCarCorner.com will ensure that you a fair price for your vehicle - no hassle and it takes just a few mins!!