Dubai is synonymous with a number of things: luxury, technology, fast cars. Given the wide variety of second hand cars in Dubai, there can be little wonder that the pre-owned car market is thriving in this pulsating metropolis. Whether you want a budget-friendly vehicle or a high-end luxury car, Dubai’s used car market has something for everyone. However, purchasing a used car can be quite overwhelming if you are not well-versed in the process. So, here is all that you need to know before you purchase any used car in Dubai.
The Popularity of Used Cars in Dubai
Dubai’s car market is very unique since the city is known for its car culture with a lot of luxurious cars. This is because the city maintains a high rate of vehicle turnover, which has created a very good used car market filled with affordable cars and luxury vehicles. That said, purchasing a used car in Dubai really offers good opportunities, especially for high-end models, since the initial depreciation in value has already been incurred.
Another major reason second-hand cars have been a rage in Dubai is that they depreciate at a relatively slower rate compared to other car markets. Since most of these luxury cars are driven less and mostly well-maintained, they often turn out to be an excellent investment for people seeking a vehicle that still looks and feels like new.
Do Your Research on Prices and Models
It’s better that you do your homework on prices of different models and makes before entering the used car market. Whether it’s a reliable sedan, an off-road SUV, or a luxury sports car, knowing the market value will give you a better idea of what to expect and ensure that you do not overpay.
There are a few online portals where you can compare prices of used cars in Dubai. Websites like OneClickDrive have an extensive collection of used vehicles available from dealerships and private sellers. Most of these platforms provide detailed listings that include the car history report, mileage, condition, and price comparisons. Browsing through these sites will give you a better idea regarding the price range for the type of car you’re interested in.
Understand the Paperwork and Ownership Transfer
The purchase needs to get the paperwork of the car transferred to his name while purchasing a used car in Dubai. Change of ownership is an inseparable part and parcel of the purchase, since without RTA your car will never be legally yours.
The documentation usually required includes:
- Emirates ID for UAE residents
- Passport for expatriates
- Proof of Insurance
- Car Registration Certificate
- No Objection Certificate (NOC) from the bank in case of car financing.
The RTA also needs a valid car inspection certificate to ensure the vehicle is roadworthy. In case you purchase a car from a dealer, they can assist and guide you through all the paperwork.
Negotiate the Price
The great part about purchasing a Camry for sale in Dubai or any other used car is negotiating the price. Most of the sellers will be ready for a haggle, especially when the car has been on the market for quite some time. Never get frightened by haggling to have the great deal.
Consider the age, mileage, and condition of the car, and anything the car might need in repairs or upgrades as leverage when negotiating price. If you’re purchasing through a dealership, ask about any promotional discounts, extended warranties, or service packages available to help bring down the total cost.
Additional Costs Consider
Whereas it might be considered the purchase price of the car, there are still other expenses to consider when purchasing a used car in Dubai. The following are examples of some additional fees:
- Insurance: It’s mandatory to get car insurance in Dubai, but the premiums depend on the car model, year of manufacture, and current market value of the vehicle.
- Registration Fees: The yearly vehicle registration fees are normally within the range of AED 300 to AED 500, depending on the make and model of the car.
- Maintenance and Repairs: Luxury cars in particular may be costlier to maintain. Plan on extra costs for servicing and any unexpected repairs.
The used car market in Dubai includes all manner of different cars, starting with affordable ones going to the most expensive luxury high-end cars. Do your homework, thoroughly check the car, and then check out its past. This will keep you from making common mistakes and give you confidence in making a sound investment.
