Car valuation firms go the extra mile in UAE

Car valuation

Some car valuation firms offer more than just pricing services

If you are one of those car fanatics who wish to trade a new car every couple of years, your top priority should be its resale value or the 'value of my car'. Whether buying or selling, it is never advisable to trade on your own. The used car market is complex, and a lack of understanding of the latter will result in the car being bought or sold for an unfair price, or worse, with defects.

In today’s day and age, online car valuation systems help you determine an estimated market value of your car. However, for a more authentic valuation, professional companies specializing in vehicle pricing step in. Since these companies work hand in hand with the UAE automobile industry and are aware of the latest market trends, they are equipped to accurately appraise and value used vehicles. In return, they provide a Car Valuation certificate at a specified fee. This certificate will help you get the best price for your used car in the market.

Car valuation companies deploy several methods to arrive at a realistic price. Their team consists of skilled car inspectors that examine the vehicle, both externally and internally. Some key factors that influence the valuation of a car include the age, mileage, popularity of its make, geography and seasonal influence. Low maintenance, accidental wear and tear, and the frequency of repair works on the vehicle contribute towards its diminished value.

It will be worthwhile to note that these companies often go a step further and offer what is known as Comprehensive Valuation services. If you are satisfied with their appraisal of your car value and accept their offer, they are happy to undertake the entire cumbersome sales process on your behalf.

Handy Hints:

• Used car sellers/buyers need reliable market info

• You can ask appraisers for a valuation certificate

• Some firms offer comprehensive valuation services

Source: Priyanka Wade, Special to Classifieds