How to Buy a Car on Installment in Dubai without Bank

Buying a car on finance requires a lot of research and some lengthy paperwork with a bank. If you are looking for a car on EMI, I can help you buy a used car on installment in Dubai without bank in a safe way.

There are some reliable platforms in UAE that offer used car deals with easy installment plans without involving any bank.

Buy a Car on Installment in Dubai without Bank

The offer to buy a car on installment in Dubai without bank is available for used cars only. The authorized car dealers sell the new cars with bank finance (car loan) or by full payment from the customer.

So, you have to find your dream car from the collection of old cars and choose a car that meets your needs. You must verify the seller and car condition before you decide to buy it. To help you get a suitable car with a good deal, I will provide a complete guideline here.

List of Used Car Dealers in Dubai

You have to find some reliable used car dealers in Dubai where you can go and choose your suitable car. There are two online platforms and several offline showrooms/stores that have a collection of used cars in Dubai, here are the details.

Online Platforms for Used Cars in Dubai:

• OpenSooq – ae.opensooq.com
• Dubi Cars – www.dubicars.com

Top 5 Showrooms/Stores for Used Cars in Dubai:

Car Dealer Name	Car Dealer Address
Linda Cars	Sheikh Zayed Road The One Tower, Podium 6, Office 01 – Dubai
Alba Cars	Al Asayel Street – Al Quoz – Al Quoz Industrial Area 1 – Dubai
Sell Your Motors	Deyaar Head Office Building – Office 112 – Al Barsha – Dubai
Kavak – Buy & Sell Used Cars	Inside the Parking Festival Plaza Mall – Level P1 – Jebel Ali – Dubai
RMA Motors Dubai	Showroom No.3, Speedex Center DIP 1, Dubai Investment Park 1, Dubai

Points to Check When You Buy a Used Car in Dubai

There are hundreds of used cars available for sale in Dubai. There is a huge market of used cars in Dubai and many people prefer to buy a used car to get a good deal in their budget.

Here I provide some key points that you should consider when buying a used car on installment in Dubai.

#1. Do Some Research:

To buy a used car in Dubai is more challenging than buying a new car. Moreover, you are looking for a car on installments without bank financing which is a bit more risky and complicated.

You must do some research online to find out the website portals that offer used car deals in Dubai. Extend your research by roaming around the Dubai City to find used car showrooms and shops to understand everything before you begin your search for a good car.

#2. Find Reliable Car Dealers:

You should be careful during online research, make sure that the car dealers you consider as good are genuine and reliable. It is important to find several reliable car dealers online as well as near your place in the range of a few kilometers.

#3. Find a Car in Budget:

You have to decide your budget or budget range and then look for a car in your budget. As you find a car online and at nearby showrooms, it is possible that you find around 4-5 cars that fit in your budget and your choice.

#4. Talk to the Car Dealer:

Once you select several cars, you must talk to each car dealer/seller directly. You must inform the dealer/seller that you want to buy the car on installment without any bank loan.

The dealer and car owner may offer you a good deal on your desired car(s). Some dealers or car owners may offer the car deal with 15-20 percent down payment, while others may offer the deal without any down payment.

You should check each car deal and then choose the car that offers the best deal as per your convenience.

#5. Check the Car Accident History:

Before you finalize a used car, you can request the seller (owner) to provide the history document of the car. The history paper contains details of accidents, damages and replaced parts of the car.

With help of chassis number of a car, you can check its Accident History online. The online accident inquiry service is available for free at MOI UAE Portal @www.moi.gov.ae and also at EVG Portal @www.evg.ae.

#6. Verify Car’s Ownership:

You must check and verify the car’s ownership card (document). You can ask the owner to show the original ownership card of the car you aim to buy. It can save you from a fraudulent car deal.

#7. Inspect the Car Condition:

You must inspect the car condition personally to notice dents, scratches, rust, color fading and others.

If you want to know the car inside out, you can hire a car technician who can inspect the car condition from inside. The technician can check the condition of the car engine, brakes, wheels, battery, fuel tank and other internal parts.

You should check the car odometer to know how many kilometers/miles the car has completed. You can also take a test drive to check the car condition and mileage.

Checking the car condition properly will make you more confident to take the decision to buy the car or reject the car based on the inspection results.

#8. Check for Pending Fines:

You can go to the RTA website or visit Dubai Police website to check fines online. You need to enter the car plate number to inquire about pending fines and penalties.

You can also visit a nearby police station and provide the car plate details to inquire about pending fines on the car you aim to buy.

If there are traffic fines on the car, you can talk to the car dealer & owner to settle fines before you buy it.

#9. Check Financing Terms & Conditions:

Before you buy the car, you must read the financing terms & conditions. You are buying a car on installment without bank yet you need to pay some extra money as a fee or interest or whatever the name it is given by the dealer/seller.

You must check all terms & conditions and ask the dealer if you have a doubt about any condition. Final the car deal only after you have complete knowledge about car finance, down payment, rate of interest, monthly fee (if any) and all terms & conditions.

Benefits of Buying a Used Car on Installment without Bank

When you buy a used car instead of a new car, you get many benefits including saving money. Here I am going to share the key benefits of buying a car on installment in Dubai without bank as under;

[I] No Lengthy Paperwork:

As the bank is not involved, you do not need to go through a lengthy paperwork to buy a car on installment. It does not mean that you can complete the buying process without documents.

You have to provide necessary documents to prove your identity & residency when buying the car. But the process would be smooth and simple unlike the bank financing documentation process.

[II] Flexible Tenure:

The car dealer offers a flexible tenure with different options like 5 years, 7 years, 10 years. At the time of buying the car, you can choose the tenure that fits your budget and your mind.

[III] Zero Down Payment:

Generally, the down payment to buy a car on installment in Dubai is 15 to 20 percent of the total cost of the car. The car dealer may offer you Zero Down Payment option on specific car models. So, you can get a used car without any down payment and pay the car price in affordable monthly installments.

[IV] Affordable EMI Option:

The EMI (installment) amount is based on the interest rate and repayment period/tenure. If you choose a longer tenure, the installment amount is low and affordable for you. So, you can choose the EMI option that is suitable for you.

[V] No Interest or Low Interest Charges:

The bank charges 2 to 7 percent interest on car loans. If you buy a used car on installment without bank, you can save the interest charges. If the car dealer charges some fee or interest, it will be still less than the interest charged by the bank.

So, these are the five key benefits that you enjoy when you buy a car on installment in Dubai without involving a bank.

Safety Tips to Buy a Used Car in Dubai

There is a risk when you decide to buy a used car in Dubai. You need to be careful about the car condition, ownership, pending fines and payment methods. Here I provide important safety tips that you should keep in mind when you buy a used car in Dubai.

Never Trust a Car Dealer Blindly

A car dealer can be honest or can hide some details to make the deal more impressive. Selling a used car helps the dealer to earn commission and if the dealer succeeds to sell a car with defects, s/he may earn more commission.

So, the point is that you must not trust a car dealer blindly. Do your own research, check the car condition, history, ownership and every small detail by yourself.

Avoid Unbelievable Deals

You may find some crazy deals like a high value car at low price or an unbelievable deal on new-like car. It is possible that a dealer or seller shows you a used luxury car at below market value to attract your attention.

You should avoid such tempting deals because there must be some problem either in the car or its documents otherwise why would anyone sell a good car at a lower price than its value?

Such crazy deals can be a scam and it is better to stay away from it.

Do Not Hurry

Some dealers may create unnecessary hurry to complete a car deal instantly. Such deals may have some hidden details about the car accident or other history.

If you find a great deal on car with a condition to complete the deal transaction in one hour or same day, you should skip that deal. Because it may seem perfect but it can be deceptive that can make you regret later.

You should find a car in good condition, check everything about it thoroughly and buy it only if it passes all tests with positive results.

Ask for Original Documents

When you find a car that meets your needs, ask for the original documents. You must check the car documents to get its ownership details.

By checking the original documents, you can verify that the car owner details are the same as given by the dealer. It means that the car is not stolen.

Double-Check the Accident History

You must check the accident history of the car with help of MOI UAE Portal and EVG Portal. If you check it by yourself, you can be 100% sure that the car never had an accident or get to know about its accidents and repairs history.

Refuse Wire Transfers

The electronic money transfer is easy and quick but it is equally dangerous. If you get a call to transfer money for the car deal, you should not trust it.

For your safety, I recommend you to pay the car down payment and installment by cash in-person and get the payment receipt as a proof. If you pay the car installment by cheque, give the cheque in the name of the car owner.

In this way, you should follow the safety tips given above to remain safe while buying a used car on installment in Dubai.

Conclusion:

To buy a used car with good condition, it is important to know the points to check, benefits and safety tips to get a car on installment in Dubai without bank.

I have explained everything about how you can find and purchase a used car on monthly installment in Dubai without involving a bank or getting a car loan from a bank.

For more queries, you can check the FAQs below or ask your query in the comment section.

FAQs