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Wednesday, October 28, 2009

Buying a Car in Dubai

By Anthony Allen

Buying a car in Dubai doesn't have to be as difficult as you might think. If you are interested in purchasing a car in Dubai or buying a car abroad and importing it to Dubai, there are some basic things you should consider. What's great about car purchases in Dubai is that their list prices compared to other regions is so much cheaper, but you'll also need to think about not only the actual purchase but also insurance and registration among other things.

The first thing you need to know about buying a car in Dubai is that you must have a residence visa for the country. If you do not then you won't be able to buy a car there. As long as you have that bit of paperwork, you're set. All you need to do is decide whether you want to purchase a new car or a used one. Remember, new cars are inexpensive but used ones are even cheaper!

While the Dubai and the U.S. have great economies to be buying from many other countries have good prices to. Since prices in each country change due to the economy it's crucial to research which one is currently the best option for you at this time. For this case Dubai is the example we will use. Cars in Dubai are very affordable at this time and since the turnover rate of expatriates are swift people need to sell their cars quickly and will list them at a good price to do so.

In Dubai there are many dealerships and whether you are looking for new or used dealerships are the easiest place to start. You could also try looking up a few auctions. These few methods are the best if you are looking to import a vehicle. Since you will not be test driving the car it's nice to know the dealerships and auctions have them checked out.

After finding your car you will need to find a way to fund your new purchase. You can you cash if the means are available to you. However, if you need to finance you can do so through a local bank, or through the dealership you buy your car from. It's important to note that different countries have different policies when financing vehicles such as in Dubai lenders will need post dated checks to cash every time your monthly payment is due to ensure your payment is on time. You might want to check with the bank you use for more information. In most cases if you bank with them already they will give you better interests rates also.

Getting insurance is absolutely essential in Dubai. There is no shortage of car insurance options in Dubai and your dealership can also help you locate an insurer. However, unlike the U.S. be sure to pay close attention to who is covered on your policy. Quite often, female spouses are not included on the insurance coverage. Also be on the lookout for "blood money" which is money paid to the victim or victim's family in the case of death or severe injury caused by a collision.

Registration is the next step in buying your car. When you buy from a dealership in most cases this is done for you. If you are not buying from a dealership it's important to note that if your car is over two years old it will need to be checked and tested before it can be registered. This can be hired out to someone to do for you.

When buying from a different country it's important to know all the their laws and the differences between them and the country you live in. Do a little research before making a purchase to save you legal trouble and any costly mistakes that can be made. For more information or for any assistance can contact a dealership. - 21396

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