This entails that buying a car has never been easier. If you are considering getting a used car in the United Arab Emirates, the first stop will be a dealer or a private seller. There is something quintessential in buying privately owned vehicles since, usually, a private seller would sell a car for less than the value of the same car in a dealership.
There are some tips when buying a car from a private seller. In this case, some steps for safe and secure transactions can help if you are thinking of buying a car from a private seller.
Thoroughly Examines a Car in the Finest Detail
Most elements of a truck can be looked over by just about anyone without any sort of mechanical experience. This is true for both interior and exterior conditions. For a proper examination of the mechanical components under the car, you could always bring along a trusted technician. You can gauge the value of your car by knowing what the mechanical condition is like.
MyScrapCars.com makes it easy for people looking to get their vehicles inspected thoroughly to ascertain their true worth. This way, the seller and buyer may together visit a testing ground to drive and inspect the condition of the car.
Verify All Existing Maintenance and Warranty Contracts
The old maxim seems at ease on this. Most of the time, a three- to five-year factory warranty covers newer cars. Some buyers get maintenance plans at purchase that last for a few years. A good proportion of car buyers in Dubai also go for maintenance packages and extended warranties for their vehicles.
When a car is being sold within less than five years since its production, it is highly likely that it could still be under warranty or is currently under a maintenance contract. It would be great if an inquiry is made into this before the purchase, as such would be useful once you own it.
Used Electric Vehicle Checklist
As many as hundreds of electric cars are now on the market. Some are only a few years old while others are almost new. Failing to properly check an electric vehicle is more dangerous than for an older, gasoline-fueled vehicle.
The first thing to check is whether the vehicle has been in an accident. Most modern electric vehicles consider their huge battery pack a stressed component; therefore, if an accident occurs, it is likely to be damaging to the battery pack. The battery may need to be changed or repaired if the vehicle has been in an accident, or that's otherwise another warning sign.
Then comes the time to check for a battery's life and charging time. Over time, an old battery has become weaker, thereby losing its ability to hold the charge. Also, older batteries take longer to charge fully.
Go Take the Car for a Test Drive
After you've closely and visually inspected a used car, it is now time for a test drive. Most definitely, a test drive will tell if there is something wrong with the car. Be on the lookout for some strange maneuvers or noises. Feel the suspension, gear shift lever, and steering wheel. Most importantly, will it play nice with your lifestyle by being easy, pleasant, and seamless?
Consider the Financial Aspects Before Buying a Car from a Private Party
This brings us back to the question of just how much you can afford. You could get a car with a price tag as low as AED 10,000 or as high as AED 5 million within the UAE! Do you just buy the car that you need and can afford, or is it worth it to work hard for that luxury car? This is a question worth asking.
Before you start looking for a vehicle, first decide whether you'll use your savings, the income from the sale of your current vehicle, or a bank loan to purchase it. It would be wise for you to get pre-approval from your bank, indicating the amount they can lend should you wish to get a bank loan.
Another thing to be aware of is the ineligibility of older vehicles for loans. No financing is possible for cars that are over five years old. There may be certain instances where auto loans are available exclusively for vehicles sold by a used car dealer. Therefore, check with your bank before choosing your car.
Arrange Your Docuementation
Once you have confirmed that the payments of the fines were made, now is the perfect time to transfer the car registration. There are several steps in place to make sure the transfer goes as fast as possible. Here is a full guide on how to effect vehicle ownership transfer in Dubai. The documents about the vehicle must be vetted properly to ensure a seamless transfer of the registration.
Confirm the Payment of Previous Salik Dues and Traffic Fines
This is a simple yet often neglected aspect of buying a car. Verify that there are no outstanding Salik dues or traffic tickets on the car in question before you buy it. Obtain payment from the seller of the car, which will clear up any outstanding fines before the paperwork proceeds. Fines can be paid at any police station or via the mobile application for Dubai Police or the respective website.
Find a Secure Payment Method
You now need to pay your vendor to finalize the deal once an agreement has been made about the price of the car. This is when caution has to come into play. We recommend pushing to not pay until after the paperwork is taken care of. Or if you've already paid a deposit for the car, consider paying the balance after the papers get signed.
Although it is the most common payment method, cash is not the safest option. Moreover, with a car worth AED 100,000 or more, it is impractical to carry that much cash around. Thus, it is always a better idea to pay for your car by bank transfer.
