Today’s topic is Buying Abandoned Luxury Cars In Dubai. Obviously, you can find a great deal of abandoned supercars in dubai-related content online. The proliferation of online platforms has streamlined our access to information.
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7 Tips to Buying Abandoned Luxury Cars In Dubai | buying abandoned luxury cars in dubai
- As an Emirates citizen, you can try to register directly. Still, these are invitation-only events, which won’t be simple, even for a native. There are also no guarantees or warranties when buying these vehicles, so it’s a good idea to do a background check first. Still, the range of options is quite diverse as there are around 3000 cars abandoned every year in Dubai. On the other hand, keep in mind that having your new supercar shipped to the US might not be cheap — but if you have the budget for a Ferrari or a Lambo, shipping costs might be the least of your worries. - Source: Internet
- Once an abandoned car has been impounded, the law gives 15 days for owners to claim it after paying a fine. Exceeding the 15-day deadline would send the car to auction at a bargain. Sometimes, Dubai Police Force would also take the liberty to claim these supercars and convert them into police cruisers/patrol cars. - Source: Internet
- The police frequently auctions abandoned cars in Dubai. However, as a foreigner, you can only bid by registering with some of the auction agents. Once you register, go to their website, look through the cars on offer, and prepare for the live auction. - Source: Internet
- Eventually, these abandoned cars are towed and taken into the scrapyard. With supercars and luxury cars often abandoned, they made Dubai one of the world’s wealthiest scrapyards. You would find multiple Mercedes-AMGs, Porsches, Ferraris, and even Bentleys just left by their owners, which is pretty common. In fact, someone even ditched his 1 of 400 Ferrari Enzo and left it to rot in the dust. - Source: Internet
- Expensive cars, such as Corvettes, Ferraris and Porsches are regularly abandoned at airport parking lots in Dubai. The cars belong to expats or citizens who can no longer afford to pay down their car loans. Islamic law is still in place in the United Arab Emirates, and failing to pay one’s debt is a criminal offence that can result in jail time. To avoid getting in trouble with the law, many people flee the country and abandon their cars. The cars collect dust for a few months before they are sold at police auctions. - Source: Internet
- Dubai is famous for its abandoned supercar phenomenon. According to Gulf News, the number of abandoned cars in Dubai is no shorter than 2,000 to 3,000 yearly. These cars are simply ditched by their owners on the street, in parking lots, or in the desert. - Source: Internet
- The story behind the abandoned supercars of Dubai may have been interesting, but it’s worth noting that nowadays, Dubai has renewed its laws and is giving negotiation rights for late debt payments risking jail time. Laws passed in 2016 now protect people in the event of bankruptcy. But even so, dumping cars in the desert and fleeing off the country still seems to be a thing. - Source: Internet
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