Have you
ever looked into the resale value of a brand new car that you’ve bought? It is
something that you should definitely consider when you buy a car, as it allows
you to bring back most of the money you put on buying that car when you resell
it. However, what makes a car’s resale value go up? Some cars’ resale value
basically refuse to drop with time no matter what, such as a Toyota car, or a
Nissan Patrol. So, what’s basically a resale value? And what makes this value
go higher?
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.
Hani started his career in Automotive Journalism when he was 10 years old as a talented photographer for automotive, hanging around cars all the time has created a passion for the automotive industry since day 1.
He is now a full time auto journalist and content creator for Motor 283.
Auto Central, Al Masaood Group’s multi-brand service and repair centre is running a mega sale on quality-approved pre-owned vehicles. The sale, running until the end of May 2024, offers customers excellent value for money.
When purchasing a Japanese car in the UAE, buyers are faced with the choice between various makes and models, each available with either GCC or Japanese specifications. While price is undoubtedly a significant factor, it is equally crucial to comprehend the disparity between Japanese and GCC specs in cars to ensure an informed decision. Here’s a comprehensive comparative analysis of GCC specs versus Japanese specs to assist car buyers in the UAE in making the right choice.
Salvage cars, often shrouded in mystery and misconceptions, are vehicles that have been declared total losses by insurance companies due to damage from accidents, natural disasters, theft recovery, or other incidents. While these vehicles may seem like lost causes to some, they present a unique opportunity for savvy buyers to acquire cars at significantly reduced prices and breathe new life into them through restoration efforts. In this article, we delve into the world of salvage cars, exploring what they are and how one can go about buying and restoring them.
There are several categories of salvage titles, each denoting the extent of damage the vehicle has incurred. These categories may vary slightly from state to state, but commonly include:
Rebuildable Salvage: These vehicles have sustained damage but are deemed repairable. While they may require extensive repairs, they can be restored to a roadworthy condition.
Parts Salvage: These vehicles are typically dismantled for parts due to the extent of their damage. While they may not be suitable for rebuilding, they can still provide valuable components for other vehicles.
Non-Repairable or Scrap: These vehicles have suffered catastrophic damage, rendering them unfit for repair. They are often sold for scrap metal or parts recycling.
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