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.
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.
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.
In Dubai there are many dealerships and whether you are looking for new or used dealerships are the easiest place to start. You could also try looking up a few auctions. These few methods are the best if you are looking to import a vehicle. Since you will not be test driving the car it's nice to know the dealerships and auctions have them checked out.
After finding your car you will need to find a way to fund your new purchase. You can you cash if the means are available to you. However, if you need to finance you can do so through a local bank, or through the dealership you buy your car from. It's important to note that different countries have different policies when financing vehicles such as in Dubai lenders will need post dated checks to cash every time your monthly payment is due to ensure your payment is on time. You might want to check with the bank you use for more information. In most cases if you bank with them already they will give you better interests rates also.
Car insurance is the next thing you'll need to secure before importing your car since it is required in Dubai and most other countries. Remember that insurance policies are not all the same especially when dealing with a different country. In Dubai most policies do not include female spouses. Also, check for "blood money." This is money paid to the family of a victim of serious injury or death in case of a collision.
Registration is the next step in buying your car. When you buy from a dealership in most cases this is done for you. If you are not buying from a dealership it's important to note that if your car is over two years old it will need to be checked and tested before it can be registered. This can be hired out to someone to do for you.
As long as you know all the basics about buying a car in Dubai, you should be fine. Just remember, it is always wise to go into the purchase of a car as an informed consumer, so do your research before signing on the dotted line. Also, if you plan on importing a car into the country, there are other steps that you will need to take, so making your purchase locally might be your best bet.
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