How To Buy a Car in Dubai
Been looking for a way to buy a car in Dubai? Well, it’s easier than you might imagine. Although there a few things you need to know to do this safely and legally. You also have to remember you need to register, pay for insurance, and pay for importing fees. So if you’ve been considering buying a car in Dubai or importing a car into Dubai to take advantage of the low prices in that country then keep reading.
When you are buying a car in a country you do not reside in then you first need to obtain a resident visa. A car cannot be purchases without on. Next, on your list of to do’s is to choose between a used or new vehicle. There are pros and cons to each so do a little research before making your final decision.
Many people choose to buy used cars in Dubai simply because they are so affordable. Used cars are usually just as good as new ones since the turnover rate of expatriates in Dubai is so swift. People are always coming and going and will often 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.
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.
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.
After buying your car and finding a good insurance company then you’ll need to register your vehicle. (Registration is required in Dubai.) In most cases if you are getting your car from a dealership they will either register it for you or help you register it. If you are buying a car elsewhere you will need to do this on your own. When you get a car under two years old then it won’t need to be tested. Otherwise, it does or it cannot be registered. You can hire someone to get that done for you. Again if you buy from a dealership most likely this will be done for you.
Be sure to do your research before buying from any country. However, as long as you cover these bases then it should be smooth sailing. You just want to be sure you are being safe and smart before signing any contracts. For more information or for help you can contact a dealership.
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