How To sell a car in dubai And Be Sure To Get The Money ? Beállítások

[bining]

Hi all,

Finally I have sold my car ( I mean I hope so )

The case is, that I have agreed to sell the car to a man, that does not have all the money in cash. So he need to borrow some money from a finance company, and now they have agreed to borrow him some money, so that he can buy the car.

The problem as I see it is, that I have been informed by the finance company to go to their office and sign papers with them about transferring the name in the Tabian Rot ( the blue book of the car ) from my name to their name. Then go on to the government office that takes care of this registration and make the transfer.

Then I will get the money from them the next day.

I do not feel good about this, since, - when the name in the book is that of the finance company, they are the owner of the car, and, - at that time I have no paper from them that they will pay me the next day, I just have to believe them, they say, this is the way we do our paperwork !

I need some advice from you about this, because this way of doing the transaction seems very risky to me.

Advice apreciated !

[Guest_danielhowell_*]

Same as when you sell a house at the land office. Sign the transfer documents when you have ALL the money either in cash or cashiers cheque or a mixture of both in your hand not before.

I would never deal with anyone that told me to come back the next day to collect the money. 'Er sorry Fred is out', or 'The person that signs the cheques is not here', or more likely 'We are a little over extended right now can you wait for your money for a week or two', (month or two) (year or two).

[Guest_joselcollin_*]

maybe if you name the finance company it would make it easier. eg is it a shop house type place or is it a Bank. but i do agree with Rimmer that you should be receiving a Bankers Chq at the same time as the transfer. it sounds like the company aRE NOT SURE THAT THE TRANSFER WILL BE OK. is the car in a falangs name or Thai.

[Guest_AidenLogan_*]

Rimmer,

I have the same opinion, and I did not make this arrangement, my wife did, since she is thai. But I have not agreed to do it this way and I am quite sure I will not, because, - the longer I stay in Thailand the less I trust people when it comes to business and money.

So I think you are right:

"ALL the money either in cash or cashiers cheque or a mixture of both in your hand not before."

That will be the way to do it, unfortunately the finance company insists to do it their way, so probably I will have to find another buyer, but at least I still have the car

[bining]

Rimmer,

I have the same opinion, and I did not make this arrangement, my wife did, since she is thai. But I have not agreed to do it this way and I am quite sure I will not, because, - the longer I stay in Thailand the less I trust people when it comes to business and money.

So I think you are right:

"ALL the money either in cash or cashiers cheque or a mixture of both in your hand not before."

That will be the way to do it, unfortunately the finance company insists to do it their way, so probably I will have to find another buyer, but at least I still have the car

Hi Allan,

The finance company is a bank too as far as I know, the name is Thanachart ( maybe not correct spelled )

The car is in my name, and I am a foreigner.

[Guest_Vendég_*]

maybe if you name the finance company it would make it easier. eg is it a shop house type place or is it a Bank. but i do agree with Rimmer that you should be receiving a Bankers Chq at the same time as the transfer. it sounds like the company aRE NOT SURE THAT THE TRANSFER WILL BE OK. is the car in a falangs name or Thai.

You as the seller only need to sign the papers and the blue book in their presence, the money should be there for you collect at signing. The new owner should do the transfer of the registration at the DMV or alternately give them a 1000 baht do it. Do not sign any paper without the money up front. I have sold two vehicles and that is the way I was advised to do it.

Good luck.

[Guest_coppermineclock_*]

Thanachart are a relatively new bank. i would get the customer service number and give them a call. certainly it should be no problem if you have all the correct paperwork. sounds like the guys at the bank have never done this type of transaction. a falang selling a car thats in his name. and are covering themselves. but yer i still would not do it.

give you an idea how crazy they are. i just brought a 2nd hand truck, got the finance through SCB and i had to sign blank documents because the details are put in later. luckily every thing is correct but shit i would NEVER do that back in the UK, got told by the girlfriend that its normal here. same thing happened when i signed my new work contract. but i at least got the boss to write the salary on it .

[beneathftr]

It's their way, they do so. They wil never pay you money up front. Forget it. But there should be no problem with the named finance company. But you'll not get the money the next day, only after the transfer in the ministry of transportation is done. Usually between 3 days or a week. That's normal. As I said they do only this way. This way or no sales. More details here cash your car UAE

[bining]

It's their way, they do so. They wil never pay you money up front. Forget it. But there should be no problem with the named finance company. But you'll not get the money the next day, only after the transfer in the ministry of transportation is done. Usually between 3 days or a week. That's normal. As I said they do only this way. This way or no sales. More details here cash your car UAE

I just talked to the finance company, and they said that when we sign the papers on monday for transfer of the name of the car they will give me a document saying that I will be paid in full the day after. You think, they will not give me the money the next day, but if they promise me that in writing ? Well, I don´t really know what to believe in this matter ?

[Guest_derision_*]

I just bought a car that was still under finance, i paid 90% of the amount cash to be able to take the car with me the same day, and we signed a "buy/sale document" that i believe is a official document.

This document/contract said that i was to pay the rest of the amount when the finance was cleared.

But you should be able to get the amount that the buyer pay in cash the same day, because he can't get finance for the whole amount, normally 20/30% cash