UAE used-car glossary
Resale Value
Also known as resale price, second-hand value, trade-in value.
Resale value is the price a used car is expected to fetch on the open market, typically several years after its initial purchase. Resale is influenced by brand reputation, mileage, condition, model year, and demand cycles. In the UAE, Toyota and Nissan SUVs hold their value notably better than European luxury sedans.
Related terms
Depreciation
Depreciation is the drop in a vehicle's market value over time, expressed as a percentage of the original purchase price.
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.
Asking-to-Sold Ratio
The asking-to-sold ratio is the fraction of the listed price that a car actually sells for.
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