When you are planning to sell your second-hand car in the UAE, you definitely want to get the job done in a jiffy.
Although the process of selling the car may seem long and cumbersome at first glance, it can be made simpler if you are aware of all the steps well in advance and prepare accordingly. Therefore, wecashanycar has prepared a guide explaining the nuances of selling your car.
Furthermore, we also list some highly advisable steps you need to take to ensure that the entire journey of selling the car is hassle-free.
Selling the car with ease- 5 steps you need to know
1.Ensure your car is in good condition
Look back to the time when you were the buyer instead of the seller. Put yourself in the buyer’s shoes and ponder on the qualities you wanted in your car? Did you go for a damaged car or wanted a neat looking one with not even a single scratch?
Of course, it was the latter one. Therefore, get your car fixed for any damages, repairs, and touch-ups, making the car aesthetically pleasing and increasing overall car valuation.
This will also speed up and ease your RTA inspection process, as all cars need to be tested at one of the bays at the RTA. You can find your nearest location on their website here, although you may want to look for one that has shorter queues and longer working hours.
2. Clear outstanding fines or loans
Make sure you keep a margin of a few days for this. While most fines can be cleared relatively quickly during the transfer process, bank loans may take a few days to clear. It’s always best to deal with this before entering the process of selling the car.
If you are selling your car through wecashanycar, then you need not worry about clearing fines or bank loans. The reason being, this is something our experts will handle themselves.
3. Find a buyer
Once your car has passed the RTA test for selling, you can start looking for potential buyers. There are a few ways to go about this. You could visit one of the markets for second-hand cars in the UAE. There are a lot of such places in the UAE. For example, Motor World in Abu Dhabi, Al Aweer Dubai, and Souq Al Haraj in Sharjah, which is MENA’s largest market. Please read out our guide on Souq Al Haraj here to find out how you can take advantage of it.
In all these markets you can directly sell the car to any of the dealers. Since there are more than a dozen vendors that buy and sell cars, you can expect to get a car valuation there.
Alternatively, you could approach some of UAE’s popular car-buying companies like wecashanycar. We can help you sell the car for good cash. This is possible because we use sophisticated technology, which offers us access to a large network of car buyers. This, in turn, allows us to offer a good car valuation.
4. Cancel your insurance
Once the deal for selling the car is finalized, you will need to contact your insurance company to cancel the car insurance. You may also be eligible for a refund for the premium, in case there are some months of insurance left.
At this point, do make sure the documentation is up-to-date, and you keep the original and copy with you for all the necessary documents (including Emirates ID, passport, and car registration/Mulkia).
5. Transfer car ownership
If all your documents are in order and the car has passed the RTA test, you will simply need to fill the transfer form through a typing center. Documents required at this point will include your original registration card (Mulkia), buyer’s driving license, Emirates ID/passport, and visa copy, and new insurance from the buyer.
You have to submit these at an RTA office, where an officer will check the documents and ask you to clear any fines which may be due. He will then print the new registration car (Mulkia), a copy of which you should keep with yourself as proof of sale.
All of this might seem a bit of hassle and time-consuming. That is why at wecashnaycar, we handle the entire RTA clearance process, including the process of transferring vehicle ownership.
Avoiding mishaps during the vehicle sale process
Apart from knowing the above steps for selling second-hand cars in UAE, you need to carry out due diligence to ensure everything is within the framework of the law.
The below points will be of great help in this regard.
- Make sure you are making the sale to authorized/reputed persons only. Deal with only those who agree to meet in person and discuss all the terms and conditions beforehand to avoid last-minute problems.
- Make sure you fulfill all the documentation requirements. The RTA website has all the details you will need in this regard. Alternatively, you can seek expert advice from wecashanycar.
- Unless dealing with a reputed company, avoid post-dated cheques and try dealing in cash only.
- Make sure your bank loans are settled beforehand if any. Otherwise, the bank may not issue a clearance letter for the chassis number on the car.
And that’s it! These are all the essential steps required to sell any car in Dubai or any other emirate. As long as your car is in a decent condition and your documents are in place, you should not be facing any issue during the sale process.
Reach out to wecashanycar for expert advice at 800 WECASH (932274) or visit our website at wecashanycar.com for further information.