Selling a caring in Dubai doesn’t have to be as difficult as you might think. If you are interested in purchasing a car in Dubai or buying a car abroad and importing it to Dubai, there are some basic things you should consider. What’s great about car purchases in Dubai is that their list prices compared to other regions is so much cheaper, but you’ll also need to think about not only the actual purchase but also insurance and registration among other things. Here is a thorough guide on what you need to do to buy or sell a car in Dubai.
What to do to buy or sell a car in Dubai
The first thing you need to know about buying a car in Dubai is that you must have a residence visa for the country. If you do not then you won’t be able to buy a car there. As long as you have that bit of paperwork, you’re set. All you need to do is decide whether you want to purchase a new car or a used one. Remember, new cars are inexpensive but used ones are even cheaper!
Majority of the people choose to buy used cars in Dubai because they are mostly affordable. Used cars are usually just as good as new ones since the turnover rate of expatriates in Dubai is so swift. Tourists and locales are always looking forward to an opportunity to buy or sell their cars for great bargains. If a used car is what you’re after be sure to check notice boards, online forums, newspapers, colleagues, and even used car dealerships.
Selling car in uae at auction or a dealership in Dubai is usually your best bet as the cars have all undergone vehicle checks and tests.
If you need financing for a car purchase in Dubai it is possible through most new and used car dealerships as well as local banks. The basic principle is very similar to the same process in the United States. However, be sure to know that there some differences. Many lenders will ask for forward dated checks to be cashed on each due date of your loan instead of monthly payments. When you get financing through the dealership it is important to note that the loan will come through the dealership’s preferred bank. If you choose your own bank, you may actually get a better rate and terms on your car loan.
Getting insurance is absolutely essential in Dubai. There is no shortage of car insurance options in Dubai and your dealership can also help you locate an insurer. However, unlike the U.S. be sure to pay close attention to who is covered on your policy. Quite often, female spouses are not included on the insurance coverage. Also be on the lookout for “blood money” which is money paid to the victim or victim’s family in the case of death or severe injury caused by a collision.
Also, don’t forget to register your car after you’ve purchased and insured it. All cars in Dubai must be registered. If you buy a car from a dealership, the dealership will help you register the vehicle. However, if you buy the car from an individual than this becomes your responsibility. Remember, if your car is more than two years old, it must be tested before it can be registered. You can take it to a testing center or hire a service to do this for you.