BUYING OR SELLING?

A good deal isn't always the lowest price, review the history and condition of the car and make sure you're not going to be stuck fixing damages

Review the CarSwitch inspection to save you time in the search, but ask for a comprehensive inspection at the RTA before transfer to ensure condition hasn't changed

When buying a car, you'll need to get an insurance policy before you transfer ownership so research options in advance to get the best price

Did you know older models might higher interest rates when financing through a bank?

Ask CarSwitch for help in financing as you'll likely get a better rate and we can arrange the valuation certificate for you

Banks require 3 months bank statements to approve your loan, so if you just changed jobs you'll need to wait a bit

Negotiate your finance rates, processing fee and early payment penalty with your bank when financing a car as these may be negotiable!

3 main watch outs when buying a car, accidents, GCC specs, and tire / brake condition - all available in the CarSwitch inspection report!

If you're clearing a seller's loan, make sure you have a signed Seller Agreement to avoid any risks! (CarSwitch can get you one)

Don't ever pay the seller before the transfer of ownership, even if you're getting the car at a bargain

When buying a car with warranty, check with the dealer if it is valid AND transferrable

Bank financing is up to a maximum of 60 months, and is shorter for older cars

The minimum loan value for which banks are willing to finance is generally around AED 25,000

Your used car loan cannot be greater than half your salary less existing liabilities

When financing a car, all banks require a valuation certificate from an authorised valuator to confirm the value of the car - CarSwitch can help

If you're buying a car with a service contract, confirm with the agency it is indeed transferrable!

Every car on CarSwitch is from a private seller, but we've inspected every one and put the results online so you save your time! All free

Clear your loan in advance, and make sure you`ve received the RTA SMS that`s it done as Banks may miss notifying RTA

If your CarSwitch inspection score is below 4.0, you car may fail the RTA inspection and so consider getting minor repairs done

If your tires are older than 4 years, or brakes worn out, get them changed before transfer as the car will fail RTA inspection

When transferring your car at the RTA, don`t forget to bring your Emirates ID and Car Mulkiya

Did you know you can hold on to your license plate number when selling your car? The RTA can hold them just for you for 3 months

Your asking price will determine how long it takes to sell your car, get it done right by checking carswitch.com/carvaluator

Never accept a personal cheque to sell your car, it might bounce! Cash, or manager`s cheque, is king

Check if your insurance policy is refundable, you might get some money back once you complete the sale

Don`t forget to get a copy of the new registration card after sale, you`ll need it to cancel your insurance

If the value of your car is less than 10 times what you`re paying for collision or comprehensive insurance then the coverage isn`t a good deal.

Keep your service records! It`s critical to getting a better price when selling your car, extended warranty is another big plus for buyers

Can`t clear your loan? CarSwitch can get you a Seller Agreement (500 AED) so a buyer clears your loan for you

Only the registered owner can sell a car, if they`re not available a valid and attested Power of Attorney required

Seller Agreement trumps a Power of Attorney, as the former cannot be cancelled

Don`t forget to clear outstanding fines before transfer, some violations will require an in person visit to clear

After transfer, don`t forget to remove the Salik Tag. Salik won`t refund the balance though :(

Verify your service contract and warranty are actually transferrable to a new owner before placing your ad

If never kept service history receipts, you can ask your service center for a summary statement of your visits

Your insurance policy can be expanded to cover specific, or all, GCC countries in case you`re a frequent traveller

Never agree to a buyer paying you in installments, ask them to apply for bank financing so you get paid in full up-front

If you`re registering the car in another Emirate you`ll likely need to transport it on a flat-bed truck which will cost AED +200 depending on the distance

If you`re transfering a car from Abu Dhabi you can get Export plates valid for 3 days