Confused about rules to sell car:
Thinking about selling your car in UAE and confused about the rules? Don’t worry about how to sell car following rules and regulations in UAE.Here we are going to cover this article with some useful pointers. Some of the rules might seem of little importance but they can actually make big difference all the same. So, let’s play by rules and selling your car can be a piece of cake.
1)What are the laws to sell car in UAE?
This seems to be general question when it comes to selling your car in country. “What are the rules basically around this?” We are actually here to help you see the rules with clarity!
-Don’t put any signs, adverts or sales literature/stickers on the inside of your vehicle windows stating that is for sale. Of course we know you have seen it in practice in Europe and around the world, but it is illegal here in emirates and can result in the police impounding your car.
-When you are preparing to sell your used car, don’t wash it in the street. Else you have to pay a fine of AED 100.
-You cannot sell car in emirates with any outstanding mortgage. This need to be cleared in FULL before you place your used car for sale.
Little rules that make a huge difference.
2)What are the needs of bank, RTA and buyer?
-Seller needs to clear all the outstanding finance. Once they have cleared the finance then their bank must inform the RTA to clear all loans from the RTA system.RTA will then send a SMS text message to car owner when the loan is clear on the RTA system. This usually takes about 24-48 hours.
-It is best for the seller to put their used car through RTA test instead of advertising. This way they can see if there exist any kind of problems and rectify them ahead of a sale because a used car cannot be transferred to the new owner without having a valid test certificate. The cost is almost AED 120.The certificate will be valid only for 30 days so that it can be easily used at the time of transfer.
Not only this will be a good feature when you are about to sell car, it will also speed things during registration.
-Most important point is seller must be present at the point of transfer and will need their UAE driving license of emirates ID plus a valid test certificate.
-It is also very useful to check any fines before selling a car to save any shocks at the time of transfer. You can easily do this through amazing Dubai Police app and also the Dubai Police website.
The buyer must need the following things:
-Valid insurance for used car.
-Passport along with residence visa.
-Emirates driving license.
-Buyer also needs copies of all above documents as well as originals.
If a buyer has a visa from the different emirate to emirate they want to register the used car, it is possible to register the car providing you live there and own a property or rent a property.
3)Who can sell car for me?
The seller must be present personally at the RTA to transfer a car but there are also couple of options available for a third party to sell car on their behalf. You can also grant individual power of attorney to act on your behalf. You will need to organize this properly through courts but actually it is very time consuming. One of the easiest way is to visit a car showroom that is authorized to write the sales agreement. The owner of the used car for sale must be present with their original ID but this will allow them to give authority to an individual to sell caron their behalf. This will be useful if someone travels frequently or is going out of country for a long period. Please make sure that car must be clear of any mortgage before you actually arrange the sales agreement of used car for sale. It is also highly recommended to draft a letter stating that you give this person permission to sell car on your behalf but the proceeds remain yours. Some car showrooms may advertise and sell your vehicle on your behalf for commission and also contact the consultants such as Expat Wheels.
4) Transfer of insurance-how do you do it?
If an insurance policy has 7 months or more remaining, you can finally transfer the policy. Insurance can only be transferred to a new person provided they meet the required criteria of the insurance company. Not all of the insurance companies offer the ability to transfer insurance so please check with the company first.
Want to sell your car? Looking for a second hand set of wheels or curious to know the resale value of your used car for sale. Find a sweet deal, meet your ride in person and give your used car for test drive. We buy cars is best platform to sell your used car online in Dubai. Just make a call, we will come to inspect your car personally.