Can We Buy Abandoned Cars in Dubai?
Dubai is a hub for exotic, expensive, luxurious sports and vintage cars. Since the city is ranked highest in the world for the prevailing automotive industry, seeing such lavish vehicles on the streets of Dubai is a common phenomenon. You discover a wide selection of cars, from SUVs and Hatchbacks to spacious Sedans.
However, many cars are found abandoned in scrap yards, sold for a fraction of their original prices. According to Gulf News, around 2000 to 3000 vehicles get scrapped in Dubai yearly. Fortunately, potential buyers can find these cars at an affordable range in Dubai car auctions of abandoned vehicles. So, if you are interested in buying an abandoned car, we got you covered!
Here are all the details regarding abandoned cars in Dubai for sale, including where to find them and how to buy them.
What are Dubai’s abandoned cars?
You can witness people abandoning cars in Dubai on streets, airports and public parking lots. Almost all exotic and luxurious vehicles, including BMW, Bugatti, Ferrari and Audi, are abandoned yearly for various reasons, such as failure to pay debts or relocation.
Why are cars abandoned in Dubai?
In the UAE, Islamic law is still in place that highlights the repercussions for failing to pay car debts. To avoid the law, in the UAE, expats often flee the country and abandon their expensive cars, such as Corvettes, Ferraris, or Porsches. People who can no longer afford to pay down their car loans get rid of their vehicles that bite the dust for a few months before they are put in the police auctions.
Where do abandoned cars go in Dubai?
Municipal authority in Dubai seizes the vehicles as soon as they find those cars abandoned. Car owners are informed and given a 15-day warning time to claim their vehicle. The car is seized, and the owner has six months to claim it after completing all required paperwork. If no one shows up to claim the car in six months, the vehicle is auctioned off in Dubai at lower prices. Licensed car dealers purchase the cars from the auction and sell them to prospective customers.
Things to consider before buying a dumped car in Dubai
It is crucial to bid wisely in abandoned car auctions and consider the below things to make a good deal.
- First, inspect the car’s condition and all the parts before making any final payment.
- Examine the vehicle’s documents, including chassis number, traffic file, original Emirates ID and insurance agreement.
- Look at the vehicle’s VIN to learn about the vehicle’s accident history and other information.
- Take your time and check the available cars before bidding according to their value.
Process of buying abandoned cars in Dubai
It is common to spot abandoned cars in Dubai in different locations. Once Dubai police identifies these cars, they pick them up and auction them off to the dealers who bid the price reasonably. Once the dealers find the perfect customers, they assist buyers in purchasing the vehicle of their choice. Some reliable and authentic car auction agents in Dubai are Copart UAE Auctions LLC and Emirates Auctions LLC. You can visit their sites, search for a vehicle you want to buy and make a bid as the car is auctioned.
Who can buy abandoned supercars in Dubai?
Auctions for abandoned cars in Dubai are invitation-only events. When Dubai police announce abandoned car auctions, potential buyers must register with the police. You have to prove that you have enough money for the car deposit. Also, you have to undergo registration process before you receive an auction invitation.
Buying abandoned cars from a live auction
Registered car dealers can purchase a deserted car from the live auction. However, it is crucial to know that neither manufacturer nor the dealers ensure any guarantee on these vehicles. Here is a step-by-step process of buying an abandoned car from a live auction.
- All the attendees receive a booklet containing all the details on the cars that will be auctioned at the event.
- At the counter, each member must provide their Emirates ID and pay a deposit fee to register for the live auction.
- Each guest will get a bidding number.
- A panel of four to five people conducts the auction, and the car is sold to the highest bidder.
- The chosen one must pay the amount for an auctioned car within 48 hours after the auction.
Security deposit on abandoned cars
The security deposit is ideally 20% of your bidding limit. For example, if you have a buying limit of AED 100,000, your security deposit will be AED 20,000. You can pay the deposit via bank deposit or a credit card. The amount will be 100% of the bidding limit if the bidder wants to pay the amount by depositing a check.
Prices of Abandoned Cars in Dubai
The prices for dumped cars are relatively low compared to new or pre-owned vehicles. Many SUVs, Hatchbacks, Sedans or Vintage cars are sold at a fraction of their original value at the auction for abandoned cars. However, these vehicles may have some trivial flaws. That’s why getting the car inspected and serviced before finalizing the deal is critical.
Where to buy abandoned cars in Dubai
You can go through a list that includes the authentic car auction agents participating in the car auctions hosted by Dubai Police. Here you can spot different abandoned luxury cars in Dubai. Once they are done bidding, the auction agents sell the vehicle at a higher price through an online Dubai car auction.
This brings our guide on buying an abandoned car in Dubai to an end. Apart from purchasing a dumped car from an auto auction, you can visit our website at CARS24 and access the listing of used cars for sale in the UAE, ranging from luxurious sports cars to economical and affordable vehicles.
Can we buy abandoned cars in Dubai?
Yes. if no one claims an abandoned car in the next six months, it has to be auctioned and sold at low prices. You can approach a licensed car dealer who purchases a car from an auction and sells it to potential buyers. They can help you purchase the car and assist in a step-by-step process.
What happens to cars left in Dubai?
Any car found deserted in Dubai is impounded by the Dubai Municipal authority. Once impounded, the vehicle owner is given 15 days to come back and claim their car. The car is auctioned and sold in Dubai if they don't show up.
How much time is given in Dubai to the owners to claim their cars?
Once the dumped vehicle is impounded in Dubai, the owner is informed and given 15 days to claim their cars. Then the car is seized, and the owner has six months to claim it after completing all the paperwork.
How many abandoned cars are there in Dubai?
According to Gulf News, approximately 2,000 to 3,000 cars are found abandoned annually on Dubai’s streets, airports, and public parking lots.