UAE used-car glossary
Condition Grade
Also known as car condition, condition rating.
Condition grade categorises a used car's overall physical and mechanical state. CarWorth uses four bands — excellent (showroom, +8% to median), good (typical UAE used, 0%), fair (cosmetic wear or minor mechanical, −10%), and poor (significant repair needed, −25%). The multiplier applies symmetrically around the engine's midpoint estimate.
Related terms
Fair Market Value (FMV)
Fair market value is the price a willing buyer and willing seller would agree on for a vehicle in an open market, with neither party under pressure.
Service History
Service history is the documented record of all maintenance and repairs performed on a car.
Confidence Band
A confidence band is the high–low range published around a valuation midpoint, expressing how reliable the number is.
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