Car buying guideDrivers guideFeaturedUsed Cars How to Sell Your First Car; UAE market Guide by ayoub September 14, 2024 September 14, 2024 44 Table of Content Options to Sell the First Car in the UAERequired Document for Selling the First Car Recommendations for Selling the First Car in the UAECan I Sell My First Car with Expired Registration in the UAE?Can I Keep My Number Plate When Selling My First Car?Can I Sell My First Car After Visa Cancellation in the UAE? Car depreciation in the UAE seems to be one of inevitable and pre-determined situations. Once the car leaves the showroom, its value starts to decline. It means in the first-year drop, the vehicle loses 15 to 35 percent of the value and after five years this amount reaches 60 percent. While car depreciation rate in the UAE is slowing down, owners prefer to sell their cars as quickly as possible in order not to experience huge pecuniary loss. Under these circumstances, the first-time car sellers in the UAE might perceive themselves as too inexperienced and amateur. If you are probably one of these potential sellers. The following article is for you. Options to Sell the First Car in the UAE Trade Your First Car In Trade-in means swapping the old with an upgraded, as the price of the old car is taken off the value of new car (of course you don’t need to use the total trade-in price on new car). This option is the most preferred way for selling the car, as indicates potential capability to eliminates unnecessary processes. No matter which emirate you reside in, to trade in your old car, you must connect to a specific dealership. At first, the dealership estimates the car price (called trade-in value). Since dealerships mostly start offering from possible low prices (absolutely to make a profit), you are expected to negotiate with several dealers in person to make sure the trade-in offer is competitive. In second step, what must be accurately considered is your financial statement. If you are trading in car in the UAE, you must have already paid off the financial loans unless the debt is much less than the actual value of the car. Generally, it is possible trade the car in with loans but potential buyers usually avoid getting involved in such risks and will rarely take on the mortgage of pre-owned cars. once you trade the financed car and sign the contract, the dealership is totally responsible to pay the loans off. Note that you are free to trade the car in either at the same dealership where you bought the vehicle or at another dealership. Sell the Car through Online Platforms When we talk about online platform it consists of websites, WhatsApp groups and other social media. It is highly recommended to go for long-established and reliable websites which facilitate buying and selling procedure and are packed with online car showroom. You can sell any used cars through online organized platforms of Sellanycar, Carvana, AutoNation, Dubicars, YallaMotor, AutoZell and Dubizzle in the UAE. These platforms not only are user friendly, but also offers the straightforward services to different languages. Sell Your First Car in private If you don’t want to depend on a particular dealership or think you can sell the car at a higher price in two-parties transaction, selling in private works. The tricky point about private sales is finding a reliable private buyer which makes the process of selling time-consuming and complicated. Selling a car at a high price seems a bit optimistic because in the competitive market of the UAE, few people are willing to pay an unusual amount for a specific car. Note that you will never get the same offer from a dealer as you would from a private buyer. Required Document for Selling the First Car After choosing a reliable party to deal, the document you require in order to transfer the ownership of the vehicle are as below: Passport and residence visa Emirate ID Insurance Certificate Vehicle registration card UAE driving license Recommendations for Selling the First Car in the UAE You don’t need to, but before selling your car for gaining the smarter financial experience, improve the car appearance and mechanical condition. The slightest technical inconsistency in the vehicle is able to reduce the actual value. You have the right to choose either to repair the car yourself or leave it for the dealership. Any outstanding traffic fine due to speeding, roadblock, wrong parking and other traffic violation must be paid off. Easily you will have quick access to your plate number fines through official websites of Emirates Vehicle Gate, Ministry of Interior (also app is available on Google play), Abu Dhabi Police, Dubai Police and RTA-Dubai. As the first car seller in the UAE, whether national or resident, never think of sticking “For Sale” sign and sticker on your windshield. You may be less familiar with the traffic laws and not even imagine what seemingly unimportant actions can lead to car impoundment in any emirate you are in. Can I Sell My First Car with Expired Registration in the UAE? Selling the first car with expired registration in the UAE is feasible. You as the seller of the car must pay off the fine (which is determined 30 days after renewal expiry date), at the time of ownership transferring. Can I Keep My Number Plate When Selling My First Car? The previous owners can return the current number plate (assigned to the chassis) to the RTA or keep it for themselves by selecting “Keep your owned number plate” bottom at Rta.ae website. Can I Sell My First Car After Visa Cancellation in the UAE? In case of visa revocation and cancellation, you will be given 30 days to leave the UAE. In this specified time period, you have the opportunity to sell the car on the condition of finding a reliable buyer or dealership. End note If you have enough time, try not to rush the transaction. Selling a car in the UAE, in addition to providing legal documents such as insurance, ownership documents and car history, requires negotiation techniques. Dealerships and buyers usually offer you lower prices and you should be ready to negotiate. To be more prepared, there are various websites to explore the daily prices of all types of used cars. 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