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UAE'S MOST ENGAGING CAR SITE

bean

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bean last won the day on May 13 2016

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About bean

  • Birthday 08/19/1976

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    Male
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    Cars and lot's of fast cars.

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    Dubai
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    Chevrolet Tahoe
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    Marketing Executive
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    Tech & money

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  1. Bye bye kiki https://www.thenational.ae/uae/transport/abu-dhabi-orders-arrest-of-three-influencers-for-taking-part-in-in-my-feelings-challenge-1.753170
  2. This is real "American Muscle" that can make your heart skip a beat
  3. bean

    car subwoofer

    When you are upgrading the speaker then go with Focal, blam, etc. than these entry level stuff with just a bit of more money. https://www.crutchfield.com has solid information and pricing to make you confuse more.
  4. bean

    Al Futtaim Automall

    They are good, but expensive by at least 20% market price.
  5. I stopped using dubizzle long long ago. It was nice and intuitive site kept neat and clean before too much money agenda came on mind and ruined the whole site. Everyday people are moving away from dubizzle since they started charging money for every single classified. Perfect example of how to ruin most successful and loving local brand. Read here: http://www.sitejabber.com/reviews/www.dubizzle.com
  6. 8 Most important steps before buying any car in Dubai and UAE Buying New or Used cars in Dubai and UAE is one of the most important and very valuable decisions that any individual or household makes. It is very difficult to find a good car from the hundreds of new cars and thousands of Used Cars for sale in UAE. That’s why many times I have been asked for car buying tips and tricks in choosing the right car model for my friends and family. So I thought of laying down my 15 years of car owning, buying and selling experience in words and try to help everyone here. It’s quite detailed and comprehensive so that it can clear many doubts, but don’t worry I made sure that I keep it to the point and very interesting to read. I am sure that after reading this you will realize that there are much more choices exists for Cars for sale in UAE other than just Toyota’s and Nissan in Dubai. Lol. Nothing in life comes for free, so the first and the foremost part are to allocate a budget that many people think is not very important at initial stage. But, trust me when I say its number one then there is a fair reason as changing your budget every week you will make your car buying experience more difficult. About 75% of car buyers in the UAE like to compare cars and hence for a fair car comparison you need to set a fix budget. You can read more here on “3 Key factors for assigning next car budget?” If you are not sure what all factors you need to consider while allocating the Car budget. Second step is to identify your Car need, which should be balanced between your emotional need and practical needs. My heart want’s cool looking 2 door sports car but with a family of 5 or 7, how do I practically enjoy that car with my family or will it be my second car for the weekend drives? All these questions you need to ask yourself honestly and decide accordingly and lock that choice to make rest of the process effective. You can read more here on “7 Car types that you should know before buying a car” Third step is to identify which Car brand or brands you like to buy or consider and why, as every car brand in today’s world is very different in behaving after couple of years of use. Some stay strong for over 10 years and some fall apart soon after the warranty. However every car brand has something special to offer, like some gives you most modern tech and gizmos than any other brand. Some offer extreme reliability, other specializes in the cheapest maintenance and so on. Sadly you can’t mix all good in one brand as every good has associated bad with it. If you fond of new tech and gizmos then slash out the reliability as no one has yet fully tested those technologies and if you like reliability then you should be happy to use the few year old proven technology that has been already perfected. You can read more here on “Top 5 best car brand types to buy” Remember that all this information is an indicative and based of several years of past experience, which may or may not co-relate after few years. Fourth step is to identify which year car year model you should choose or you can afford. If you are a new car buyer, then omit this point. Otherwise it is very important while you are in the market of used car for sale in UAE. Striking a balance between a model years vs. odometer reading is very important and as a car buyer you need to understand its importance thoroughly. This point alone is a very big game changer in identifying the right price for any used car for sale in Dubai or in UAE. Apart from year you also need to decide on full options vs. base option and entry models vs. flagship models and why? All three points are explained here “3 Secrets to choose perfect car model” Fifth step is to find the clean used cars in UAE, and this alone is havoc these days as due to quick internet education every seller and buyer is becoming very cautious and over smart. The most effective and single trusted method for finding used clean cars in UAE is to ask a single golden question: “Do you have full service history”. This question alone will filter more than 75% of the used cars and then you can focus on your mission more effectively. Off course if you know the cars in and out then you can take a bet at your own risk, but for normal average person who knows only 10% -20% basic car knowledge it’s better to rely on the service history records. This is fully explained here "One and only way to find trouble free used car" If you still need some convincing. Sixth step, relatively easy but important to know from where and how to buy the clean used cars for sale in UAE? As overtime this place has grown so much that people think that whatever legacy methods they have been using is still applicable, but it’s actually not. Just like anything else, this has also gone pass it’s saturation point few years back and now every used car buyer and seller need to know this: "5 Best places to buy clean used car at good price in Dubai & UAE" This point alone can save you so much time and money, that you will realize it only after the bad experience with the wrong guys. Seventh step is to put the reality to test and find out if all the above efforts have been followed properly or not. Once you are totally convinced with the model, odometer, condition, options etc. next is to test the car thoroughly by yourself as much as you can before you finalize or take it for further inspection with specialize technician. You should know the basic points to check the car as you don’t want to spend the technician fees for testing 5-10 vehicles, so knowing basic testing points will help you eliminate at least 75% - 80% of your car choices and only 1 or 2 will make it to professional technical test: "5 Things to check in used car before buying?" Eighth and the final step are to decide the final hand-shake price of the car. As true gentlemen you should always stick to your words while doing the negotiation. And never ever give your final offer if you are not serious to buy, or have some doubt before the final testing. Keep the seller in clear picture that you suggest an “indicative price” depending on the final inspection. I have seen major drama stories happening at the testing center when both buyer and seller are right and still deal fall apart because of the lack of clarity in communication. For putting the genuinely right price of any car if you spend 10 – 15 minutes with basic math you can do it yourself and don’t require any price comparison website. I have laid out the best practice that is been followed by insurance companies for over a decade to put a fair value price on any used cars here "4 Most important factors impacting used car price" Remember if you buy it right, you will enjoy it and not lose an arm and a leg while selling it. This is kind of must-read of all the above eight points. Disclaimer: I have written this and all linked articles to help my friends and family and other car enthusiast’s like you. This is purely based on my own experience. If you know anything more than this I am happy to edit these articles any time. Please leave me a comment and I will accept your changes and improvise these as soon as I can. If you like reading these articles and it helped you in anyways, please pass on the knowledge to others and use below red like to show your appreciations.
  7. 3 Key factors for assigning next car budget in Dubai and UAEAs everything in life revolves around money, so deciding the fixed budget for your car buy is the number one thing that you should be doing. It’s not only to let you stay in control, but making the rest of the process streamline based on the available budget be it 10,000 or 5 Million. You need to decide the cash amount in hand as a buying kitty and then decide on how big you want to invest or rather spend. Off course I said as big because you don’t buy car everyday unless you are a dealer and hence increasing the budget has its own advantage to get you the most perfect car you need and will enjoy for the next few years. So allocate generously but definitely within your affordability parameters. People who want to take the buying kitty as a down payment only, need to also decide on how big car loan they can comfortably afford as an initial spend and for every month car loan EMI. If you are a cash buyer, then planning is lot easier in assigning the next car buying budget is equals to whatever you saved or whatever you can afford to spend for certain number of years after the residual value of car resale value. Example: You saved 100,000 for your next car buy and plan to drive the car for 5 years. Assuming your car resale value after five years will be 40,000 (4 Most important factors impacting used car price). So if you can afford comfortably spending the 100,000 – 40,000 = 60,000 over 5 years means 12,000 per year = 1,000 per month then go for it. Remember this amount is without Car maintenance, Car Insurance, Fuel cost, registration, Salik etc. This section is bit more complex for the car buyer who is planning to take up a car loan. As he still need to consider the above depreciation affordability and also find viability for the monthly payments. As most bank loan offer up to 80% of car value, so you should be ready with 20% cash as a down-payment. For the remaining payment EMI as a general rule of thumb, you should not exceed the below percentage of your gross monthly income depending on where you fit yourself: For an average joe, for who Car is just an absolute necessity: 10% - 15%Car enthusiast’s, who love Cars and want to enjoy to the max: 15% - 25%Car Maniac, who is crazy about Cars and can’t live without it: 25% - 40%Below are the 3 key factors that you must be aware of and able to factor them while allocating an appropriate car buying budget: Insurance: 4-5% of car value generally for all cars and all drivers5-7% of car value for sports or high performance car or new driver7-10% of car value for sports or high performance car and new driverCar Registration, Plate Number, Salik etc: 500-600 AED Annual Maintenance: Approx. 3-5% of car value for Japanese, Korean and American Cars within 5 years of age.Approx. 5-7% of car value for Japanese, Korean and American Cars after 5 years of age.Approx. 7-10% of car value for European and UK Cars within 5 years of age.Approx. 10-12% of car value for European and UK Cars after 5 years of age. Disclaimer: I have written this and all linked articles to help my friends and family and other car enthusiast’s like you. This is purely based on my own experience. If you know anything more than this I am happy to edit these articles any time. Please leave me a comment and I will accept your changes and improvise these as soon as I can. If you like reading these articles and it helped you in anyways, please pass on the knowledge to others and use below red like to show your appreciation.
  8. 7 Car types you should know before buying a carSecond step after the 3 Key factors for assigning next car budget; you should be finalizing the type of car you actually require based on the present functionality and your needs. For ex: bigger family opt for 7 seats, small family with kids will choose car with 5 seats, family with grown up kids need car with ample boot space for teenager sports equipment, just married couple might like two door or convertible etc. While deciding your next car league you also need to think little down the line as if it should be still practical for next few years before you sell or else you might regret your buy within few months, so think beyond today rationally and not only emotionally and factor all the possibilities for the future. Below is the quick run-down for all the major 7 different type of Car categories exists in today’s world from the cheapest to most expensive types with few known names of the car models to give you an idea: Subcompact Cars: Audi A1, Chevrolet Aveo, Sonic, Spark, Ford Fiesta, Honda City, Nissan Tiida, Peugeot 208, VW Polo etc.Compact Cars: Audi A3, Chevrolet Cruze, Ford Focus, Honda Civic, Mitsubishi Lancer, Nissan Sunny, Peugeot 308, Toyota Corolla, VW Golf.Mid-Size Cars: Chevrolet Epica, Honda Accord, Hyundai Sonata, Mazda 6, Mitsubishi Galant, Nissan Altima, Peugeot 508, Toyota Camry etc.Full-Size Cars: Audi A8, BMW 7-Series, Chevrolet Impala, Ford Taurus, Hyundai Genesis, Nissan Maxima, Toyota Avalon, VW Phaeton etc.Mini SUV / Compact Crossover: Audi Q3, BMW X3, Chevrolet Trax, Hyundai Santa Fe, Mazda CX-3, Nissan Juke, Peugeot 2008, Toyota Rav4, Volkswagen Tiguan etc.Mid-Size SUV / Crossover: Audi Q5, BMW X5, Chevrolet TrailBlazer, Ford Edge, Honda Pilot, Mitsubishi Outlander, Nissan Pathfinder, Toyota Prado, VW Touareg etc.Full-Size SUV: Audi Q7, BMW X6, Chevrolet Tahoe, Ford Explorer, Mitsubishi Pajero, Nissan Patrol, Toyota Land Cruiser Disclaimer: I have written this and all linked articles to help my friends and family and other car enthusiast’s like you. This is purely based on my own experience. If you know anything more than this I am happy to edit these articles any time. Please leave me a comment and I will accept your changes and improvise these as soon as I can. If you like reading these articles and it helped you in anyways, please pass on the knowledge to others and use below red like to show your appreciation.
  9. Top 5 best car brand types to buy in Dubai and UAEAlthough this area majorly depends on so many personal choices, but I will try to high grade the most important points to pick and choose the most appropriate and most successful 5 best car brand types for you next car. The basic attribute of the brand behavior is very closely related to the geographical location they come from. In UAE there are 5 major and best car brand types extremely famous and successful in delivering all sorts of Cars. Below is a quick run-down in very generic and not specific to any one brand from that region. Japanese Cars: Honda, Infiniti, Lexus, Mazda, Mitsubishi, Nissan, Toyota. They are generally famous for extremely reliable and durable cars. Offer reasonable comfort with very high usable life of cars.Resale value: 10 out of 10.Korean Cars: Hyundai and Kia. Recently they are famous for great designs and new technology at competitive pricing. Offer reasonable reliability and acceptable performance.Resale value: 9 out of 10.American Cars: Cadillac, Chevrolet, Ford, Dodge, Chrysler, Jeep. They are generally famous for larger than life, spacious and very competitively priced cars. Offer reasonable vehicle life with standard reliability and acceptable performance.Resale value: 8 out of 10.German Cars: Audi, BMW, Mercedes, Porsche, Volkswagen. They are generally famous for high end luxury and extreme performance cars. Offer amazing creature comforts, new technology but with limited usable life of car.Resale value: 7 out of 10.UK Cars: Land Rover, Jaguar, Mini. They are generally famous for impeccable detailing and comfort in style. Offer reasonable vehicle usable life with excellent performance but with low reliability.Resale value: 6 out of 10.Having said the above quick pointers, they do not apply exactly same to all brands from same region. For example Toyota and Nissan is few notches above Mazda and Mitsubishi, although all 4 are from Japan, means each brand is slightly different in their core values, commitment and quality. Secondly the resale value is just a quick indicator of an average comparison as per each brand if compared to the same car classification (Explained earlier here: 7 Car types that you should know before buying a car). Each vehicle depreciation is majorly depended as per their origin and then as per their classification. Disclaimer: I have written this and all linked articles to help my friends and family and other car enthusiast’s like you. This is purely based on my own experience. If you know anything more than this I am happy to edit these articles any time. Please leave me a comment and I will accept your changes and improvise these as soon as I can. If you like reading these articles and it helped you in anyways, please pass on the knowledge to others and use below red like to show your appreciation.
  10. 3 Secrets to choose perfect car model in Dubai and UAEAge VS. Odometer Any car life and value is highly dependent on its age and how many kms or miles it has been driven. These two are the major component as everything in car ages with passage of time and other mechanical component wear down as per how much it is driven. On an average a car should have driven 20,000 kms a year as a benchmark value to decide its worthiness. Below example will help you understand that where the age will take precedence vs Kms. Car A: 3 years old car driven 60,000 kms for 85,000 AEDCar B: 2 years old car driven 90,000 kms for 85,000 AEDCar C: 5 years old car driven 60,000 kms for 65,000 AEDCar A is better than Car B. (Kms takes precedence) Car B is better than Car C. (Age takes precedence) Car C is better than Car A. (Kms takes precedence) Base VS Full Options While buying a car the price difference between Base and Full option is marginal and that difference becomes miniscule in used cars, especially in Asian and American cars. Hence most of the used car buyers always prefer the full option cars, which makes the Full option resale value better than Base option and also it sells faster due to more in demand. So if little money is not a constraint, always buy a full option car. Entry models VS Flagship models Every car manufacturer always cut so many corners in entry level cars in all classification, which tend to show its age faster than expected. Due to same they fetch even lower resale value as they require higher maintenance after few years of use. On the other hand all car companies take extra time, effort and research for putting together their premium flagship models as they carry special pride of their brand. Due to same they are highly reliable and fetch excellent resale value. If budget is a constraint then, stay away from entry models and go as close as possible to the flagship range. Disclaimer: I have written this and all linked articles to help my friends and family and other car enthusiast’s like you. This is purely based on my own experience. If you know anything more than this I am happy to edit these articles any time. Please leave me a comment and I will accept your changes and improvise these as soon as I can. If you like reading these articles and it helped you in anyways, please pass on the knowledge to others and use below red like to show your appreciation.
  11. Every car in today’s world is literally trouble free, if you actually understand the definition of trouble. As we humans need special treat over the weekend, movie with a loved one or once in a month long drive, we don’t call these things as trouble and we name them routine leisure activities to keep us charged and motivated for rest of the week/month. Likewise if every car owner in the world follows 100% schedule maintenance then literally there won’t be any trouble in their car. It is proven that over 75% of trouble is because of failed / deferred maintenance. I have been working with so many mechanics in my life and I hear them a lot saying that owner’s complaint about the car when they have over-driven the basic oil change by double its recommended kms. Trust me, not all cars are that forgiving except Japanese. You as a future car buyer need to understand that everything in the car will require some maintenance at some point in future. Please plan and be prepare for that car budget if you want to enjoy a trouble free car. Worst is sometimes, that smallest things can trigger such a big expense, that without knowing we simply blame the car brand. Below are the few of disaster examples: In Land Rover Discovery, failing to grease a drive shaft nipple results in a death wobble and then failure of drive shaft completely.Honda Accord if gear oil is not changed in time, then it will ruin the gear shift and clutch.In Nissan Pathfinder torn axel boot result in front axle failure.Loosely close radiator cap (in Japanese cars) can actually over heat your engine.Loosely close fuel cap (in German cars) can throw check engine light in dashboard.In Range Rover weak battery can display “Transmission Failure” error message because it uses electronic gear oil.So the bottom line is that how to find a trouble free car means that car that comes with proven service history records is the “KING”. Rest everything else might be fake and simple load of lies to sell that car. Before making a purchase insist of seeing the records with regular interval with the dealer (or reputed workshop) in the form of service booklet stamps or with the receipts of amount paid on each service. Showing the sticker of fuel station service is meaningless that every fuel station does the basic engine oil and filter change service and nothing more than that. Just for the complete service history records even if you have to pay 5% -10% extra premium while buying a used car it’s absolutely worth it. Same premium you can also claim when you resell the car if you have been maintaining the car as per schedule maintenance. Disclaimer: I have written this and all linked articles to help my friends and family and other car enthusiast’s like you. This is purely based on my own experience. If you know anything more than this I am happy to edit these articles any time. Please leave me a comment and I will accept your changes and improvise these as soon as I can. If you like reading these articles and it helped you in anyways, please pass on the knowledge to others and use below red like to show your appreciation.
  12. 5 Best places to buy clean used car at good price in Dubai & UAECar buying is an absolute mix of art and science together if you want to buy a perfect car. Having said that, means it requires a lot of patience and tolerance toward the car sellers. About 90% of the car seller offer might not fit your requirement, but just raise your tolerance and simply move on than getting into any heated argument. It’s not that you cannot prove a point, but what is the use of picking an argument when you aren’t interested in their car, so save your energy for next car visit and keep yourself calm and positive to do the proper inspection for your next perfect car. No to car dealers I am not saying or claiming that all car dealers are bad, but my experience has been 75% bad with all of them, and I have dealt with 8-10 different type of car dealers from small to medium timers (big boys are usually very expensive) here in Dubai. Sometime they fail to show the complete truth about the vehicle history and when you ask 5-10 questions then you figure out the crap and ugly truth they were hiding. I have even witnessed that 5 year old Nissan Patrol shows 60,000 kms on the odometer and also carrying 180,000 kms Oil change sticker of ENOC fuel pump on the driver door sill (odometer reversed case). It’s very difficult and for novice buyer it’s impossible to figure out the crap they can get from car dealer, so your best bet is to stay clear and do not deal with them. If you are really stuck because of no option in private deal then ask the first golden question with any car dealer: “Do you have full service history”? If the answer is yes, then inspect the service record with your eyes first before wasting any single minute, as many times I have experienced that when you ask service record they start playing hide and seek, that it’s there but in another office or car and will come here tomorrow if you are really a serious buyer. I am like you get serious first to sell and display what you have than playing otherwise and waste my time. No to big car classified sites As majority of them are car dealers or private dealers who is posting their junk cars at dirt cheap price there and keeping the best cars in their showroom to get you their and use these big and overly successful classifieds sites as a bait for the car buyers. Always focus on private deals with the real car owners Search for online car forums with real people Off-road clubs member forumsFacebook groups & pagesLocal supermarket advertisement boards etc.Office intranet or bulletin boardIn all the above 5 options you are sure to deal with the real people and not the car dealers. Once you find a good car deal make a visit and see if the car registration is at least 6 months old and if it’s not, then it may be a of private dealer. In worst case scenario private dealer are much better than the car dealer as they are less hungry and markup only 5-10% but will get you a super clean car with full service records. It’s worth the time and effort they spend to scout a clean deals on wheels. Second point to pay attention is the service history records, check all the receipts and see the service booklet is timely stamped and not any service has been missed out. In some cases people get the minor service to get the stamp and skip the major service to save money or get it done from outside workshop. In case of any gaps, if owner has a record of carrying out the major service from any other reputable workshop, it’s still acceptable than completely skipping it out. Third thing is the quick exterior looks for seeing any noticeable damage from accident, broken bumpers, headlights etc. Fourth is to start the car and see if it starts fine and no warning lights have been displayed on the dashboard. Fifth and the last point is to drive around a car and see how engine and gearbox react to your throttle response, skip a few bumps at good speed to check the suspension, check the AC cooling is OK while car is parked and good when car starts moving, play the music system and check the clarity etc. If all above 5 points are positive then you can consider yourself almost on the way to find your perfect car and consider yourself to go further with testing in detail by yourself in less than 30 minutes: 5 Things to check in used car before buying. Disclaimer: I have written this and all linked articles to help my friends and family and other car enthusiast’s like you. This is purely based on my own experience. If you know anything more than this I am happy to edit these articles any time. Please leave me a comment and I will accept your changes and improvise these as soon as I can. If you like reading these articles and it helped you in anyways, please pass on the knowledge to others and use below red like to show your appreciation.
  13. 5 Things to check in used car before buyingOnce you find out your next almost perfect car, then follow the below checks by yourself and you will be almost 75% sure that it’s clean and not lemon. To make it easy I have divided this in below 5 important areas: Exterior: Check the car in daylight always or in extremely well lit area.No major dents, broken bumper, headlights, tail lights, indicator, brake light, chipped paint.No glass is broken from windows and front & back, including rear view mirrors.Open the door and check the pillars for any welding or repairing spots. That perfectly curly welding spot which is fully covered in car paint is the original manufacturer welding (that’s fine). Look for some type of accidental damage from side impact (if any). Open the engine bay and look all around the bay for any repair or repaint from accidental damage.Pull windows rubber beading to checking the inside metal gauge is perfectly straight and smooth and not involved in side impact accident.Interior: Car interior should match the kms driven even if car has the full service history. For cars under 50,000 km you shouldn’t be seeing any broken knobs, faded buttons, worn out brake or accelerator rubber, loose and shaky gear lever.Car seats should not have too much play when you sit and shake little bit.Pull the seat belt out and see how smoothly it goes back, if it doesn’t or get stuck half way then either car is accidental or driven over 100,000 kms.Look on the driver door sill, to spot any fuel station service oil change stickers to contradict the full service history.Not all dashboard warning lights are serious, the one in yellow is an indication and orange is warning and red is the problem. Still all lights are having different meaning for different brands, so worth checking further with owner’s manual of what any existing light points to.Engine: It should start in single crank and have stable RPM after first few minutes of warm up. Any dancing rpm is a sign of engine is not in good health. Though it’s a not a big concern, but a concern you should know that it will require some tune-up or minor repair work for changing spark plugs, coils, HT leads etc. in very near future.In idle when you hit the gas, engine response should be instant without any lag unless it’s a turbo engine that has turbo kicking lag (not engine lag). Japanese and Korean cars generally have fraction of second lag, which is acceptable but German and American cars engine should have immediate response when you tap on the accelerator.ALWAYS drive a car on highway at 120 km/h for at least 5-10 minutes, and any hesitation of engine will show up quite noticeably at higher RPM.NO check engine light on dashboard is acceptable. Period.Transmission and Drive train: In auto gearbox, ideally a gearshift should not be noticeable and best to pay attention is from 1st – 2nd gear shift and see how smoothly it shift, as in any ageing gearbox that is the first starting point to show little to moderate jerk while shifting. Minor jerk could be because of stale oil and filter that is manageable but worth getting it checked further with proper technician. It may be a major expense, so it’s worth a second look when in doubt.In manual gearbox, firmer the gear lever shifts better it is. Loose or soft shifting gear lever needs further inspection. Try to shift gears manually as fast as you can and see how engine, clutch and gear respond to your fast movement: If you see any hesitation or delay in engine response in fast shifting need to be further diagnosed.On extremely slow speed (in quiet area) and while going for highway drive, pay attention to any rubbing, grinding, and metal shaking noise. It usually show when drive train has some issue from drive shaft or loose couplings often result in highway vibrations or low speed rattling.While driving if car pulls to any side it’s a concern and often it needs a wheel alignment (100-300 dhs) but in some cases it may be an axle damaged with minute fracture by hitting the pavement at high speed or off road damage in case of 4x4 or SUV’s.Chassis: Try to look under the car and see any noticeable damage to the chassis, you can spot the recent damage by seeing the color difference on repair area than the rest of it. For older chassis damage you need to consult the proper technician who can check the chassis.Though this is not very big concern for check it yourself, as RTA approved testing center will check this in detail before passing the car for registration. Disclaimer: I have written this and all linked articles to help my friends and family and other car enthusiast’s like you. This is purely based on my own experience. If you know anything more than this I am happy to edit these articles any time. Please leave me a comment and I will accept your changes and improvise these as soon as I can. If you like reading these articles and it helped you in anyways, please pass on the knowledge to others and use below red like to show your appreciation.
  14. 4 Most important factors impacting used car priceUsually a price of any commodity or vehicle is defined by its supply and demand. Same should apply to Cars as well but only to some extent and not all. Example: In hot summer more people want to sell their two door convertible, so in that season when market is flooded with 2-door convertible then it will definitely fetch a little lower price. Though this impact is negligible but it’s noticeable. This point alone can help you majorly in finding if your perfect car can actually fit in your car buying budget after seeing it’s real worthy price and not the inflated price. The car prices that you see in online classifieds website is not quite right as every seller price there vehicle depending on the urgency they are in to sell it. Some sell it at undervalue and some sell it at right value or over value if they decide to wait for few days or a week. For finding a perfect car buying price, you need to understand that it depends on four major factors combine together to create a perfect resale value: Age, Mileage, Options and Condition. Age: Every car depreciate majorly as per their age factor roughly as per below table. This further gets complicate based on the car manufacturer region means European and UK Cars will depreciate the most, and then comes the American and Korean brands and then least depreciation will show up in Japanese cars. Luxury Cars: 20% depreciation for the first year and then 15% depreciation every year.Sports Cars: 20% depreciation for the first year and then 15% depreciation every year.SUV and Cross over: depreciation for the 15% first year and then 12% depreciation every year.Family Sedans: 15% depreciation for the first year and then 10% depreciation every year.Compact Cars: 15% depreciation for the first year and then 12% depreciation every year.Below example will show how to apply the depreciation on year by year rate: 2009 Model luxury car whose price was 100,000 now values at 35,496 in 2016. 2010: 20% of 100,000 = 20,000 valued at 80,0002011: 15% of 80,000 = 12,000 valued at 68,0002012: 15% of 68,000 = 10,200 valued at 57,8002013: 15% of 57,800 = 8,670 valued at 49,1302014: 15% of 49,130 = 7,370 valued at 41,7602015: 15% of 41,760 = 6,264 valued at 35,496Mileage: After the age, mileage is the second biggest contributor to the value of the car. On an average industry consider 18,000 – 20,000 kms driving in a year. So you need to check the math with number of year old and see if it falls in the industry bracket. Although there is no set rule that how much is too much, but you can factor some plus or minus on final value based on the current mileage of the car. Let’s take above example 2009 car and in 2016 it should be in range of 108,000 – 120,000 Kms. So if actual car has 200,000 kms driven means its 80,000 kms over driven, so for every 10,000 kms you can minus (if it’s more driven) or add (if it’s less driven) 2-3% on the above depreciated final value. Example: 35,496 x 2% = 710 x 8 = 5,680 (less) OR 35,496 x 2% = 1,065 x 8 = 8,520 (less) Means: 35,496 – 5,680 = 29,816 OR 35,496 – 8,520 = 26,976 for a 200,000 kms driven car. Options: Actually this point should not even exist here, if you get the right model and right option price to start the math at first. However, many times you don’t really able to get the Full options, Mid Options and Base option pricing after 3-4 years of age. So as a best practice find out the current difference in percentage of the same model and apply to the final depreciated value. Reason for this exercise is as Japanese and Korean Cars have very minimal percentage difference (5-10%) between full options to the base models, whereas Germans, European and American cars has huge difference close to 20-30% from the base models. Condition: Last but not least, can heavily dictate the final pricing as Car has a lot to do with the proper maintenance and if previous user was not maintaining it according to the maintenance schedule then the next buyer will suffer heavily. This condition implies to the general exterior and interior condition and plus service maintenance condition. Remember the above math was for an average wear and tear car as per its age. So if you come across super clean car with full dealer service history feel free to bump up 5-7% on the final depreciated value as after all you need to thank such good car owners and vice-versa in the negative condition. Disclaimer: I have written this and all linked articles to help my friends and family and other car enthusiast’s like you. This is purely based on my own experience. If you know anything more than this I am happy to edit these articles any time. Please leave me a comment and I will accept your changes and improvise these as soon as I can. If you like reading these articles and it helped you in anyways, please pass on the knowledge to others and use below red like to show your appreciation.
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