- When it comes to selling a car in the UAE, it’s an easy process.
- Start off by making sure that your vehicle is in a decent condition, to avoid any hassles in the future.
- Also, note that getting your documents, fines, and renewals sorted beforehand is essential, and only makes the process that much smoother.
Whether it’s time to upgrade to a new baby, or you’re just leaving the country, selling your car can either be your worst nightmare or a fairytale dream. And since the latter is far better, here’s how to sell your car in 3 simple steps.
But before you start, you need to make sure that the car itself is in a condition that’s “ready-to-sell.” This means a few things need to be in order; you should have all your paperwork, past and present, with you (or most of it collected so that no information is left out). As the seller, you also need to make sure that the car itself is in a decent condition, old or new – from the interior details to the exterior (bumps and scratches included), make sure that the car is as attractive to its new owner as it once was to you. It’s smart, and in a seller’s best interest, to be completely honest about the car’s current condition, and if it can be improved on (i.e., repaired or replaced), it’s even better.
Once that’s done, it’s as easy as 1,2 and 3
Start by finding a buyer
There are a few ways you can go about finding a buyer for your used car in Dubai:
- The most comfortable choice is to consider going directly to one of Dubai’s second-hand car dealerships in Ras Al Khor or Al Aweer. This used-car marketplace is popular amongst locals and expats looking for their first or second cars, and at this stage, the buyer is essentially the dealership. Just consider the fact that because these dealerships almost guarantee the purchase of your car, they might offer you a slightly lower rate than a private sale (merely because they have the bargaining power). However, what this method enables is a sense of security when it comes to any future paperwork required later.
- You can also try one of Dubai’s most popular car-buying companies, by just searching online, where many of them use the same process to evaluate your car. Sites like SellAnyCar, We Cash Any Car UAE and CarSwitch are among the reputable, however, depending on the deal you’re looking for, you may want to compare a few. The process itself is quite simple; you use the site to enter the details of your car and essentially book an appointment for an on-site evaluation. From there, the dealership will offer you a quote for your vehicle.
- You could also look at selling privately and start off by simply listing your car on one of the many ‘second-hand’ sites like Dubizzle or even your local community Facebook page. To widen your search, try places like supermarket or apartment building notice boards, various community newspapers or also place a small advert in auto magazines.
Once you’ve found a buyer (or a dealership that you’re comfortable with), let them inspect the car before they decide. And if you’re in a rush to make the sale, it’s advisable to be slightly flexible on the price of the car, as that way you’re more likely to find a willing buyer.
During this process, make sure you take the following precautions for your safety and security:
- Always communicate and deal with people and/or dealerships who are willing to meet you face-to-face and discuss terms openly.
- Avoid accepting post-dated cheques as payment (unless you’re making a deal with a reputable used-car dealership). Ideally, you should always choose to work with cash payments, and unless you must, make sure any post-dated cheque is cleared before continuing the transfer process.
- When listing your car, do so on the platforms mentioned above, and not with a paper stuck on your car window. In Dubai, this is considered a traffic violation which could expose you to unwanted fines from the RTA.
Cancel and transfer
Once you’ve found a buyer, it’s time to cancel your insurance and transfer car ownership.
In summary, you will need to cancel your existing insurance policy with your insurance company directly ¬– if you have any remaining months on your policy, you may receive a refund for your premium. When canceling your insurance, make sure that your documents are up-to-date and that you have the correct ones on your person (both original and a copy). These include your valid Emirates ID, passport and car registration (or Mulkiya).
Once your insurance has been canceled successfully, you can go ahead and transfer ownership to the new buyer of your car. This can be done efficiently if all your documents are in order.
Few final reminders
Selling your car shouldn’t be a chore, especially if it needs to be done quickly. Just remember a few things before you do;
- If you have a bank loan against your car, make sure that it’s settled in full otherwise the bank will not issue a clearance letter on the chassis number to sell your car.
- If the buyer is looking for an auto loan to buy the car, their respective bank will need to be involved from the beginning.
- If you’re selling your vehicle outside of the UAE, you will need to get an Export License (issued by the RTA). This can be used to transport the car outside the country, hassle-free.