Selling a car in the UAE may not be a walk in the park. If sellers need a good deal and a worthy price against their used car, they would have to be vigilant and careful about the decisions they make immediately. Even though the used car market in the UAE is quite advanced and growing, but due to the increasing competition and various types of sellers and buyers, it can become a challenge.
If you are an individual who wants to sell your car in the market for the first time, you are bound to make certain mistakes. This is a common practice as people are not fully aware of the kind of situations they might just have to encounter, resulting in some monetary loss or no sales.
That doesn’t mean it’s impossible to avoid such mistakes. Careful planning and a little bit of sharpness are the key to avoiding major mistakes and sell your car in no time.
Here are some of the most frequent mistakes automobile sellers make and can easily be encountered.
Not getting your Car Prepped Pre-Sale
It is a tried and tested practice by buyers that they will always go for a product that has a nice aesthetic appeal. Similarly with cars, if they are going for a used one, they would rather lay their eyes on the one that appears brand new and then scrutinize the other aspects of the vehicle.
Keeping this in consideration, it’s important for sellers to get their vehicles washed and prepared before putting it up for sale. It also gives the buyer an impression that the owner takes care of the car, thus implicating a better performance and condition. Before you know, the buyer would actually be willing to offer more than what you might have expected against your used car.
So what aspects should you consider while getting the car prepared? First, get all that unnecessary rubbish out of the interior and thoroughly clean the insides. Get it smelling divine and the buyers would never want to let it go.
Next, give it to car maintenance checkup at a reliable auto mechanic shop. Make them to check all its vital components including the brake pads, engine oil, air filters and other such components that may help in making a significant impact on the vehicles performance.
Follow this with a car wash and make sure that the exterior is waxed in order to hide any imperfections. Furthermore, if you want your car to be immaculate during the sale process, you should consider detailing your car. It will ensure that everything is running smoothly.
Going to an Automobile Dealer Directly
Going to a dealership may be a viable option to sell a used car only if you yourself want to trade-in your car and know how to handle it. Other than that, they have a reputation for ripping off the customer through their clever tactics.
Most of the dealers prefer to lure the seller into getting a trade-in option, because they can maximize their profit. They would either offer a higher price for your used car along with lowering the price of the new car, or they will offer a higher discount on the new car while devaluing the price of the used car. With these methods, the car dealers are at an advantage as they are earning profit.
It’s critical to always keep the sale of a car separate from a purchase of a one. This way you will know how much you will be getting from the sale of your used car and how much you can negotiate the price.
Using Online Classified Car Selling Websites
One of the popularly used method of selling a used car in the UAE is the online classified websites method. Despite its popularity, it’s the most common mistake first timers do. Although there are certain advantages of using these classifieds like free advertisement, it is still the most risky method that one can use.
High chances of risk involved is majorly due to the fact that these classified are mostly public forums. Any information provided on these websites is exposed to misuse. Also, you may encounter different types of fraudulent buyers that may appear genuine but at the end they may double cross you, without your knowledge.
If you really want to sell your car through the online method, it’s important that you consider the place and the way that you want to see your potential buyers. Never meet them alone or at an isolated place or even at your home address.
The highest risk involved in selling your used car through online classified websites is the payment risk. People offer numerous types of payment methods, not all of them may be secure enough or reliable enough. With the lack of check and balance, buyers can get away with such payment frauds and you are left with nothing.
Wrong Valuation of the Price
One of the most important aspects of selling a used car is getting it evaluated and setting a price at which you want to sell it. At times sellers set a wrong price against their car; its either too overvalued or undervalued resulting in no sales. What they usually do is take the asking price of a similar car from classified websites or ask dealerships to set a price that is often times devalued.
These mistakes are quite common among the sellers when it comes to setting a price for their used car. They fail to acknowledge the fact that each car has their own components that play a crucial part in setting their individualistic price.
In order to get a price for your car, you can always opt for an online car valuation calculator or take it to a car valuation specialist that can give an accurate depiction of your used car price.
Risky Payment Options
Last but not the least is the mistake of opting for unreliable and risky payment options. While selling a car in the UAE, it’s important that you make you settle for a buyer who is willing to transfer your dues immediately – no credit, and transfer the money through interbank transfer. Never consider taking cheques, cash installments or third party online payments as they are prone to default.
These are some of the common mistakes observed among car sellers who sell their car in the UAE along with the tips of how to avoid them and sell your used car smoothly.
If you are planning to sell your used car, remember that you can sell any car in any condition without any hassle to SellYourCar24.com.