Abuja: When buying a used luxury car in Dubai, understanding the necessary paperwork is crucial. Documents such as the Emirates ID, Mulkiya, RTA clearance, and bank clearance letters are vital, particularly for expats and those purchasing high-performance vehicles like the Chevrolet Corvette.
According to News Agency of Nigeria, while the allure of luxury cars like a sleek BMW 7 Series or a powerful Range Rover is strong, the process involves more than just making a payment. Proper documentation ensures the legality and safety of the transaction, preventing issues like ownership transfer delays, unexpected fines, or discovering a car is still under finance.
The paperwork required by Dubai’s Roads and Transport Authority (RTA) is non-negotiable. Each vehicle has a digital footprint tied to fines and registration history, and the documentation ensures the car is debt-free, roadworthy, and legally transferable. Missing any documents can lead to liabilities transferring to the new owner.
Essential documents include the Emirates ID for proof of identity and residency, a valid UAE driving license, and the Mulkiya, which details the car’s specifications and ownership. Car insurance is mandatory, with luxury cars often having higher premiums. The RTA clearance certificate confirms no outstanding fines, and a bank clearance letter is required if the car was financed.
The ownership transfer process involves a technical inspection, clearing fines and loans, purchasing insurance, and both parties visiting the RTA Happiness Center to finalize the transfer. The entire process can be completed in a day if all paperwork is in order.
For example, purchasing a used Chevrolet Corvette in Dubai requires extra attention to paperwork due to potential higher fines and stricter financing terms. Verified sellers can be found on platforms like OneClickDrive, ensuring transparent transactions.
Before completing the purchase, ensure all necessary documents are in order, including the Emirates ID, driving license, Mulkiya, insurance, and clearance certificates. Only then should you proceed with driving away in your new luxury car.