Dubai has a vast market for used luxury cars where buyers can get a chance to own high end vehicles only at a fraction of the original cost. Whatever luxury vehicle you wish to purchase, finding it here is a breeze. However, the cost of these luxury vehicles may vary due to certain factors which both buyers and sellers would need to understand. In this article, we are going to discuss these factors, and provide a comprehensive insight on how to avoid high prices. Make sure to read the end before you even check the best Rolls Royce price in Dubai.
- Vehicle age and model year: The age of the vehicle significantly affects its price. Luxury cars are known to depreciate very quickly especially within the first few years. This means that, if you are going for newer models with advanced technology, it is very likely that you will pay more, compared to older vehicles.
- Brand and market demand: Different brands have different prices. For example, a Rolls Royce wraith for sale in Dubai will cost higher than a regular sedan due to the vehicle’s strong reputation, reliability, and demand in the Dubai market.
- Mileage and use: The mileage of a car is defined as the kilometers covered by the vehicle throughout its current lifespan. This affects the price of a vehicle as most people are of the opinion that the more mileage a car has, the more worn out it will be. For that reason, vehicles with lower mileage will cost more than those with higher ones. Typically, cars with less than 100,000 kilometers in mileage are considered a good buy and those with mileage higher than, are considered risky.
- Condition of the vehicle: The overall condition of the vehicle, including the mechanical, physical, and electrical are good factors that help to determine the price of a car. For example, negative factors like dents, scratches, and signs of repainting can significantly lower the price of a car. But a car that is well-maintained, has good engine health, and other vital components intact will have a high resale value.
- Service history: A vehicle with a complete and transparent service history will attract more buyers and therefore cost more than one without it. This is because buyers are aware of the condition of the vehicle and have peace of mind knowing that it will serve them well.
- Modifications and upgrades: The modification of a vehicle can either increase or decrease its price. A well executed modification, for example, will enhance its appeal, and therefore cost more. While a poorly executed modification may reduce the price.
- Fuel efficiency and engine size: In Dubai, fuel prices are considerably low, hence buyers are not primarily concerned about the fuel efficiency of a vehicle. However, the size and power of the engine can play a huge role in determining the price.
- The seller: Sometimes, different sellers may have varying prices for the same vehicles due to reasons best known to them. This may be exuberant in some cases, and if you are new to the market, you may not suspect anything. Which is why it is best to go through a reliable marketplace like OneClickDrive where several sellers offer competitive prices to stand out.
Conclusion
The factors that affect the price of used luxury cars need to be understood by both buyers and sellers. For buyers, they should conduct a thorough research before delving into the market to avoid overpaying for a vehicle, and sellers should also understand the market dynamics of used luxury cars to avoid selling their vehicles at a loss.
