When you buy a car and decide to sell it again, the resale value is the price of the car that you want to sell again after you’ve used it. Determining a resale value is based on many important factors that you should consider through the time, in which you’re using the car, before reselling it. For example, in the UAE, when you look up the Nissan Patrol, this car is a champion when it comes to maintaining its resale value. You’ll find that its resale value price doesn’t differ much from its original price when it’s brand new. If you ask yourself why, you’ll find out that one of the main reasons is that it’s highly wanted and requested in the region. 

If you’re the kind of people who like to buy and resell, then you should consider the resale value. There are many factors that can play a main role in determining your car’s resale price, such as:

·        The model year: consider that the older the car gets, its value might start dropping. In fact, your car might lose up to 30% of its value with each year that passes. However, there are more important factors that might lift up or decrease the resale value.

·        The car’s reputation: when the car has a really good reputation, which even makes it highly wanted or requested, its resale value might be untouchable, just like the Nissan Patrol, which is highly wanted and loved in the region.

·        The car’s appearance: Consider that the more you take care of your car’s appearance and make it look like it’s still like brand new, the better its resale value will be.

·        The trim and the options: the trim of the car and its additional options makes it more desirable, so the more the car has features and additions and the higher the trim is, the better the car value is

·        The car’s regular maintenance: If you take good care of your car’s regular maintenance, the car itself will stay in its best condition. Even some cars have a system that manages the maintenance database for the resale value.

·        The car’s insurance: the insurance implies that you fix the car at the dealership’s service center, in case of a car crash or any damage that requires you to enter the car to the service center. Fixing the car at the dealership also contributes in maintaining the resale value.

·        The mileage: a mileage of the car is super highly important, and it’s the first thing to look into when buying a used car. The higher the mileage is, it indicates how much the car is used. And the more the car is used, it means that the more the car has wear and tear. Thus, it’s not preferable that your car have a high mileage when you consider its resale value.

·        The car’s interior: a driver really cares about their cabin and the comfort they’ll feel in it when they want to buy a car. That’s why you have to make sure that you take a good care of your car’s interior when you resell it, lest you lose some of the car’s value.

·        A clean carfax: accidents and major issues in the car definitely decrease the car’s resale value and even makes it less desirable. A clean car fax, which means that the car has a clean car title and does not suffer of major issues nor does it has been through major accidents, makes the car a good deal.

Thus, you must be really taking care of your care from all aspects if you think of reselling it and getting most of your money back. Also, you should consider that the car you plan to buy and resell be really desirable and have a good reputation, unless you’re the kind of people who buy a car and keep it until its wheels fall off; then, the resale value is not really an issue for you.