A vehicle’s value can drop by more than 20% after a year of its ownership. While some depreciation is unavoidable, many factors determine how big or small the drop is. The goal of every car owner is to maintain the vehicle so that the devaluation does not affect the final selling price. Therefore, it is important to pay attention to small details to preserve the value of your car as much as possible. If you are a seller and interested in selling used cars in the UAE, don’t forget to check dubizzle’s SellerAssist service.
Maintaining a vehicle is essential to selling it at a good price. However, this is not the only factor taken into account when valuing your car. Several factors contribute to the price gradually falling. In our post today, we will guide you about the things you must avoid to preserve the value of your car. Continue reading!
List of Things to Avoid to Retain the Value of Your Car
Here is the list of things that you must avoid to retain the value of your vehicle.
Improper Documentation
Having proper documentation of your vehicle can satisfy the potential buyer about the car maintenance schedule, history and ownership. The vehicle owner must update all the car records and documents so that they can provide the buyers whenever they ask for. After all, these documents prove that you look after your vehicle.
Vehicle owners living in the UAE must have the following documents for a car resale:
- Original Emirates ID
- Vehicle insurance and tests certificate
- Registration documents
- Roadworthiness certificate
- Car’s service receipts
Lack of Maintenance
A well-maintained vehicle also helps in impressing the buyer at the time of sale. If you are one of those who check your car periodically and want to retain car value, keep your vehicle updated as per the owner’s manual.
Also, make sure you have all the maintenance and repair receipts of the vehicle of all major or minor services such as oil change, car transmission repair and battery replacement etc. The more accurate the record, the better you will be able to preserve the value of your vehicle.
Excessive Customisation
It is understandable that the car is a personal item and many owners want to customise it. However, if your goal is to sell it at some point, these customisations can devalue it and become a loss later.
The vehicle with original parts and aesthetics has a higher demand – but that is not all: the body and all the parts need to be well maintained as well. Therefore, changing the car’s cover, bodywork, parts or even mechanical components may not be a good idea for anyone who ever plans to sell the car.
Ignoring the Noises
One thing that can cause the devaluation of the car is the sounds and noises it makes during the drive. Car noises are something buyers pay attention to when evaluating a car’s condition. Noises can indicate to the new buyer that there are underlying mechanical issues, which means buyers have to spend a little more to fix it if he decides to buy it. Therefore, they might probably lose interest or negotiate for a lower price. You can follow these tips to reduce car noises.
Damage to the Paint
Small scratches and barely noticeable bumps aren’t uncommon even for the most careful owner. This does not mean that there is a need for a new paint job or heavy touch-ups at the time of sale. Maintaining the original paint will get you more money than applying a new layer of paint. To avoid the need for a repaint at the time of sale, keep a check on the things that damage the car’s paint to avoid any exterior damage.
High Mileage
The mileage travelled by a vehicle indicates more than the distance driven since its acquisition. It can be crucial to know how the car has been treated over the years. It is an indicator that reveals this data:
- the number of tire replacements;
- the end of the manufacturer’s warranty period;
- wear of parts such as shock absorbers and pads.
For this reason, this is one of the main aspects analysed when pricing for resale. However, you can always avoid putting extra mileage and preserve the value of your car by taking public transport for long routes. You can use several apps for RTA taxi booking in Dubai.
Choosing Unpopular Colour
Since vehicle owners in the UAE preferred more solid and basic colours; therefore, colouration is an essential factor for the car’s valuation. As per our UAE’s used car annual market report for 2020, colours such as black, silver, grey and blue are more likely to be accepted in the UAE than pink or purple. Also, red and blue usually appeal to buyers so much. Therefore, prefer to keep the colours more neutral and less striking if you intend to resell the vehicle.
If you want to buy a car in your favourite solid colour, then check the available listings of used cars for sale in Dubai at dubizzle.
- Second hand Mercedes Benz in Dubai
- Used Toyota in Dubai
- Second hand Nissan in Dubai
- Used BMW for sale in Dubai
- Used Honda for sale in Dubai
Not Keeping the Car Clean
Last but not the least, a car’s appearance is one of the first and foremost things that attract potential buyers. Make sure your vehicle upholstery is well preserved, regardless of the material it is made of. Vacuum any dirt that may be in the seats and do a dry cleaning periodically. Also, to preserve the value of your car, always remove stains and possible odours.
In order to preserve the value of your car, avoid smoking in the vehicle, if you have this habit. The smell of tobacco can permanently sit in car upholstery which can certainly alienate your potential customers.
Now you know all the tips to preserve the value of your car. After checking out all our tips to enhance your car at the time of sale, it became easier to know what to do to be able to charge a better price for your used car.
Knowing that the car depreciates over the years, investing in these small things can help you to retain the value of your car. Stay tuned to the UAE’s top auto blogs to get more information about the country’s vehicle market.
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