- Process of buying abandoned cars in Dubai
- Who can buy abandoned supercars in Dubai
- Buying abandoned cars from a live auction
- Security deposit on abandoned cars
- Where to buy abandoned cars in Dubai
Dubai is a famous city for car lovers. It is not unusual to spot some of the world’s most sought-after cars on Dubai roads. However, many such cars, including super expensive supercars, can be found abandoned in the searing heat of this city. People abandon luxury cars in Dubai for a number of reasons. Luckily for buyers, these abandoned luxury cars in Dubai are auctioned and sold for a fraction of their actual price.
If you are interested in abandoned cars in Dubai, here is all there is to know about finding and buying such cars.
How To Buy Abandoned Cars In Dubai
Every year, about 2,000 to 3,000 cars are abandoned by their owners in Dubai. These abandoned cars in Dubai are often left by the owners at Dubai Airport or public parking lots. It is not impossible to find a car abandoned in a random street of Dubai as well. Once identified as abandoned, these vehicles are picked and auctioned by Dubai Police.
Abandoned cars in Dubai are auctioned to dealers who can bid appropriately. Once they find the right buyer, these dealers work with them to help them buy a vehicle of their choice.
Who Can Buy Abandoned Supercars In Dubai?
Auctions of abandoned supercars are generally invitation-only events. When the auction of abandoned cars is announced, potential buyers must register with the police and prove that they have enough money for the deposit. The registration procedure is carried out before the interested buyers receive an auction invitation.
How Can I Buy An Abandoned Car From A Live Auction?
Here is how the auction process generally goes:
- All the guests receive a document with all the details of cars present at the event.
- Guests need to provide the emirate ID along with a deposit fee at the counter and register for the live auction.
- Each guest is provided with a bidding number.
- A panel of 4 to 5 conduct the auction and sell the car to the highest bidder.
- The payment of the auctioned car must be made within 48 hours.
It is important to note that these cars come with no warranty from the manufacturer or the dealers.
Security Deposit On Abandoned Cars For Sale
The security deposit is usually 20% of your bidding limit. For instance, if you have a purchasing limit of 100,000 AED, then your security deposit would be 20,000 AED. Payment can be made via bank deposit or a credit card. Bidders who wish to pay the amount by depositing a check must note that the amount will be 100% of the bidding limit.
Where To Buy Abandoned Cars In Dubai
The list only includes the authentic car auction agents who participate in the car auctions hosted by Dubai Police. Here you can find several abandoned luxury cars in Dubai. Once they are done with the bidding, the auction agents sell the car at a higher price through an online Dubai car auction. Below are the reputable agents that can help you find abandoned cars for sale.
dubizzle
People interested in buying abandoned cars from dubizzle car auction. The auction also features a range of abandoned supercars in Dubai.
If you are a car dealer, then register yourself for the car auction, bid at the highest price, pay it within 48 hours and take your vehicle home. If you are looking for a reasonable car while avoiding the entire process of buying abandoned cars, you can check some well maintained used cars in Dubai on dubizzle.Also, if you are planning to buy a car from the Dubai auction, then don’t forget to check its condition.
If you like the guide, stay tuned to the UAE’s leading auto blog for more.
