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While buying in Dubai has many similarities to buying in other countries there are a few differences you should be aware of. It’s simple if you have the right information. If you would like to avoid making any costly mistakes when buying a car in Dubai then keep reading.
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!
While the Dubai and the U.S. have great economies to be buying from many other countries have good prices to. Since prices in each country change due to the economy it’s crucial to research which one is currently the best option for you at this time. For this case Dubai is the example we will use. Cars in Dubai are very affordable at this time and since the turnover rate of expatriates are swift people need to sell their cars quickly and will list them at a good price to do so.
There are plenty of dealerships specializing in both used and new cars. An excellent source of used cars in Dubai is at auction. Buying a used car 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.
Next, you’ll need to search for car insurance. When buying from Dubai this is necessary. If you can’t find an insurance company on your own a dealership could refer you to a few. Keep in mind that insurance companies are different in different countries. For example, in Dubai most insurance policies do not include female spouses or they include “blood money” which is money paid to the family of the victim who dies or is severely injured in the case of a collision.
Once you’ve purchased the car and insured it you will need to register 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 purchase the car from an individual the responsibility lies on you. 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.
When buying from a different country it’s important to know all the their laws and the differences between them and the country you live in. Do a little research before making a purchase to save you legal trouble and any costly mistakes that can be made. For more information or for any assistance can contact a dealership.
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