Selling a car in Dubai is straightforward if you follow the proper steps and regulations. Dubai has a growing market for new and used vehicles, so much of potential buyers exist.
Here is a well-researched and detailed guide on how to sell a car in Dubai:
1. Gather All Necessary Documents
- Vehicle Registration Card (Mulkiya): This is the most important document to sell your car. Make sure it is up-to-date and in your name.
- Emirates ID and Passport: Your valid Emirates ID and passport are necessary for the sale process.
- Clearance Letter from the Bank (if applicable): If your car is financed, you’ll need a clearance letter stating that the loan has been paid off.
- Insurance Certificate: Make sure your car has valid insurance coverage during the sale process.
- Service History: Having a complete service history can increase the value of your car.
2. Determine the Selling Price
- Research the market to determine the fair market value of your car. Websites like Royal Motors or visiting local dealerships can help you assess the market price.
- Consider your car’s age, mileage, condition, and any additional features when setting the price.
3. Prepare Your Car
- Make sure that both the inside and the outside of your car are spotless and detailed.
- Address any minor repairs or maintenance issues.
- Make sure that all important components, such as lights, brakes, and air conditioning, are in working order.
4. Advertise Your Car
- With detailed descriptions and high-quality photos, you can create an effective listing that include information about your car’s make, model, year, mileage, and special features.
- Utilize online classified platforms like carforcash.ae, and social media groups dedicated to car sales in Dubai.
- Be prepared to respond promptly to inquiries and arrange viewings with potential buyers.
5. Negotiate and Finalize the Sale
- When potential buyers express interest, arrange meetings at a safe and public location.
- Inform your potential buyers about the history and condition of your car.
- Be prepared to negotiate the price, but stick to your minimum acceptable amount.
6. Transfer Ownership
- Once you have a buyer, both parties must visit the Dubai Roads and Transport Authority (RTA) to transfer Ownership.
- You will need to pay a transfer fee, and the buyer must cover the vehicle inspection cost (if required).
- Complete the necessary forms and provide all required documents, including the original Mulkiya, Emirates ID, and passport copies.
- The RTA will issue a new registration card in the buyer’s name.
7.Cancel Your Insurance and Salik Account
- Notify your insurance provider about the sale and cancel the insurance policy.
- If you have a Salik account (Dubai’s toll system), remove the vehicle from your account.
8. Receive Payment
- Make sure you receive the agreed-upon payment method, preferably through a bank transfer or manager’s check.
- Avoid accepting cash for security reasons.
9. Hand Over the Car
- After receiving payment, hand over the keys, registration card, and other relevant documents to the buyer.
- Complete a bill of sale to confirm the transaction.
10Keep Records
- Be sure to keep a copy of all sale-related documents.
Remember that Dubai has strict regulations regarding car sales to ensure the process is secure and transparent. Following these steps will help you sell your car safely and efficiently in Dubai.
Get Free Car Valuation Today
If you require professional assistance or find yourself in a hurry to secure cash for your car, we recommend visiting Royal Motors. As reputable car buyers in Dubai, we provide a complimentary valuation service for your vehicle. What’s more, if you choose to sell your car to us, we guarantee an additional 10% cash value for your vehicle.
Our services are available in English for your convenience. Visit our website today to explore your options and get a fair deal for your car.