Discussion
Quick question folks.
Selling my first car here in DXB and well the buyer who has paid a deposit is taking an age to gather the rest of the funds. Basically the RTA license expired at the start of May and the insurance expires start of June.
What options do I have when both expire? I believe I'm required to have 12 months insurance to get the car through the test and to be honest I don't want to re insure the car if I don't have to!
Any ideas or advice and does anyone know how much the fine is?
Kempus
Oh and buyer has paid 70% deposit but he's not getting the car until 100% payment is made.
Selling my first car here in DXB and well the buyer who has paid a deposit is taking an age to gather the rest of the funds. Basically the RTA license expired at the start of May and the insurance expires start of June.
What options do I have when both expire? I believe I'm required to have 12 months insurance to get the car through the test and to be honest I don't want to re insure the car if I don't have to!
Any ideas or advice and does anyone know how much the fine is?
Kempus
Oh and buyer has paid 70% deposit but he's not getting the car until 100% payment is made.
just written this once, bloody internet cut out!
there's 3 options:
1] you trailer the car to the tasjeel and do the needful. you will have to pay a small fine for going over the 30day grace period for re-registering but no insurance is required.
2] you insure the car and drive it to the tasjeel to do the needful. you raise the selling price accordingly and transfer the insurance to the buyer at the point of sale.
3] when the seller ponies up the rest of the cash, you remove the plates and go to the tasjeel. you surrender the plates, pay any rta fines owing and transfer the title to the seller. usual arrangement is that the seller pays the fee.
from here on the seller bears all responsibility to pass tasjeel. if you are nice you can pay his fees [again, this is usual the seller's courtesy] and any small jobs arising. this would be a handshake agreement, you aren't legally liable for anything.
assuming the car passes, the buyer has new plates issued and insures the car as normal.
you will find a lot of people will tell you that #3 isn't possible, even some of the hapless tasjeel 'workers'. i can confidently say that it is as this is exactly how i bought my jeep.
if he baulks at any of these suggestions, take a slice of his deposit to cover costs and hassle incurred, readvertise the car and learn a valuable lesson
there's 3 options:
1] you trailer the car to the tasjeel and do the needful. you will have to pay a small fine for going over the 30day grace period for re-registering but no insurance is required.
2] you insure the car and drive it to the tasjeel to do the needful. you raise the selling price accordingly and transfer the insurance to the buyer at the point of sale.
3] when the seller ponies up the rest of the cash, you remove the plates and go to the tasjeel. you surrender the plates, pay any rta fines owing and transfer the title to the seller. usual arrangement is that the seller pays the fee.
from here on the seller bears all responsibility to pass tasjeel. if you are nice you can pay his fees [again, this is usual the seller's courtesy] and any small jobs arising. this would be a handshake agreement, you aren't legally liable for anything.
assuming the car passes, the buyer has new plates issued and insures the car as normal.
you will find a lot of people will tell you that #3 isn't possible, even some of the hapless tasjeel 'workers'. i can confidently say that it is as this is exactly how i bought my jeep.
if he baulks at any of these suggestions, take a slice of his deposit to cover costs and hassle incurred, readvertise the car and learn a valuable lesson
Edited by shirt on Tuesday 28th May 15:45
Shirts option No 3 is called a 'Hiyaza' which basically means certificate of de-registration.
You can either have it de-registered and keep it in 1) your name or 2) transfer the ownership to someone else.
Either way, you have to go through the rigmarole of passing tests and re-registration again.
You can either have it de-registered and keep it in 1) your name or 2) transfer the ownership to someone else.
Either way, you have to go through the rigmarole of passing tests and re-registration again.
The fourth option would be to reinsure it with someone like RSA and then cancel the policy when the transfer has occurred.
RSA pro-rata the refund by day, so it shouldn't cost too much.
The only thing they need is a copy of the new registration card showing the new owner's details, but the petrol station at RTA Barsha charges 1 AED per copy, so that's not really a problem.
RSA pro-rata the refund by day, so it shouldn't cost too much.
The only thing they need is a copy of the new registration card showing the new owner's details, but the petrol station at RTA Barsha charges 1 AED per copy, so that's not really a problem.
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