In the glitzy realm of the UAE, selling a car may seem like a breeze but hold on! Before you put that "For Sale" sign on your windshield and rev up for the process, there are some essential rules to follow throughout the process of sale and afterwards.
Worry not, though, as we've got you covered with a comprehensive guide to selling your car in the UAE!
But first, let's rev up the excitement by sharing three crucial points to keep in mind:
Now that we've got the engine running, let's dive into the basics of selling a car in the UAE.
The buyer needs to provide the following documents to complete the purchase -
Both originals and copies of the above-mentioned documents must be kept ready.
If the buyer holds a valid visa from a different emirate, they must ‘export’ the car to that emirate. Note that this step doesn't apply to Emirati passport holders.
You can sell your car without any hassle, provided it has no outstanding fines, loans, or impending impoundment. If you prefer a proxy, you can grant power of attorney to someone that you trust to act on your behalf.
Another option is to have a reputable car showroom authorised to sell the vehicle on your behalf. While doing that, just make sure that the showroom is reliable and trustworthy.
If your car insurance plan is valid for 7 months or more, you can make the transfer of the policy to the buyer provided they meet all the requirements of the said insurance company. However, not all insurance providers in the UAE offer this option, make sure to check with your provider beforehand.
Alternatively, you can cancel the insurance policy and claim a refund if it has seven months or more remaining. This is a common choice as it allows you to recoup a portion of your money.
Selling a car with a bank loan can be a daunting task. While it might be possible, it is extremely difficult and not advisable. The RTA advises settling any mortgages before selling the car to avoid complications.
If you do decide to go ahead with a car sale involving a bank loan, you would be required to visit the bank along with the buyer, who would need to pay off the outstanding finance in full. Moreover, a sales agreement letter must be prepared and signed by both parties. The bank will then contact the RTA to approve the loan clearance, a process that may take up to 48 hours.
Once approved, an SMS notification will be sent to the vehicle owner to confirm the release of the car.
And there you have it - your comprehensive guide to selling a car in the UAE! Simply follow the tips discussed above and the official guidelines, and you'll be cruising towards a successful car sale in no time. Safe travels and smooth selling!
RTA/Driving License |
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Roads and Transport Authority (RTA) Sharjah | Transfer Car Registration |
Roads and Transport Authority (RTA) Sharjah | Driving License UAE |
Driving License in Dubai |