Complete Guide To Import Abandoned Supercars From Dubai 

The second-hand market for every product has been huge and a lot of companies are conducting business out of it. But, what about those products that have been abandoned? Well, entrepreneurs do not like keeping stones unturned because everything that we see around us can be utilized for one thing or the other. This gives a new business opportunity for entrepreneurs and as well as potential customers to avail a new product or a service.

Purchasing abandoned cars is one great way to conduct business and as well as utilize them. Dubai is one of the countries that is famous for its luxurious lifestyle and of course, the cars that people drive there.

Supercars are not an unusual sight to see in this beautiful country which is why the number of abandoned cars in this country would be more as compared to most other developing nations. Let us see how one can import a supercar from Dubai. 

What Are Abandoned Supercars?

Abandoned supercars are nothing but owners of supercars leaving their cars behind and fleeing to another country. Owners whenever they face bankruptcy often leave their property and also their supercars behind and under the Sharia Law if the due amount is not paid then they could face jail time as well. 

A lot of people have abandoned their cars which is why the market for such cars especially in Dubai has become huge. People from different countries will have the option to purchase and import them to their home country for a certain amount. People who are unable to pay off their loans get rid of their vehicles and sooner or later the cars are put in the police auctions. 

Purchasing abandoned cars may not be a smooth process if you want to import it. There are certain procedures that you need to follow to make things legal for both countries. There could be a hefty amount that you could have to pay which you should know about. 

Why Are There So Many Abandoned Supercars In Dubai?

The main reason why there are many abandoned supercars in Dubai is because of the financial crisis. Dubai might be one of the costliest countries in the world but most people staying there are unable to maintain such a lavish lifestyle. Many entrepreneurs do go bankrupt thus unable to meet up with their expenses and loans which is why the rise of abandoned supercars in Dubai has increased. 

Dubai had become a graveyard for supercars during the Global Financial Crisis. Huge members of high-end motors were abandoned in the UEA as the owners could no longer afford repayments. Additionally, the strict laws of Dubai at that point in time saw people who failed to pay their loans were at risk of facing jail time.

How Can You Buy An Abandoned Supercar In Dubai?

Purchasing abandoned supercars has been made possible from Dubai. If you are an Indian and want to purchase one of your favorite supercars then you can purchase an abandoned one instead of buying a new one. This will reduce the cost and thus you can have yourself a decent-looking car for yourself. You would also have to import it as well. But, what is the procedure for purchasing a supercar from Dubai? 

If you are interested in buying such abandoned cars you would have to get in touch with authorized car auction agents of Dubai. You can do that by directly visiting their official website and on this website, you can bid for the car that you wish to purchase. Some of the reliable and authentic car auction agents in Dubai are Copart UAE, Auctions LLC, and Emirates Auction LLC. Visit their official websites to make a bid. 

Dubai Police will identify abandoned cars and then they will be auctioning them off. Those abandoned cars are auctioned off to those dealers who are able to bid appropriately. Once they are able to find the right owner then these dealers will work with them to buy a vehicle of their choice. 

The Process Of Importing an Abandoned Supercar

As mentioned earlier, Dubai Police will auction off abandoned supercars to potential dealers. It is then you can get in touch with these dealers to purchase your desired supercar. However, there is another way to purchase a supercar and that is through a live auction.

You can visit and attend any live auction car event and you can purchase your car but before you decide to import them you must know whether you are qualified to do that or not. 

There are certain conditions that need to be met before you can import your car from Dubai to India or any other country where you live. Being the owner of a supercar you need to have all the documents ready and permissions granted by the concerned authorities so that you can import your car. You should also be roadworthy and must have a roadworthiness certificate and a validity of at least 5 years. 

Additionally, there must be some amount of money that you would have to spend which you can confirm with the concerned authorities during the importing process. Before that, you need to check out the rules and regulations of your home country’s importing process. Let us look in detail at the process of importing an abandoned supercar from Dubai.

Registering With The Dubai Police

Registration with Dubai Police is a mandatory step before you set off to attend the live car auction. It is only if you register with them you will be invited to attend the private auction. Potential buyers must first register themselves with the Dubai Police first and demonstrate their financial ability to make a deposit. The registration process will take place before any invitations are sent out. 

Attending The Auction 

Once you have successfully registered and Dubai police find you a potential buyer then only you will be invited for private auctions that are held by dealers in Dubai. You can book tickets and make the necessary arrangements beforehand. If you have to make certain documentation in order then you need to do that before you set off for Dubai to make your supercar purchase. 

Paying For The Car

Now, you are in the auction arena and it is time for you to make the purchase. You need to be at the auction process in order to make your purchase. You can seek help from any of the trusted members of the auction if you want.

You can also discuss the mode of payment with the concerned authorities so that there is less time wasted to make things easier for both you and the dealer. Make the payment to the dealer and then you need to think about getting the car to your hometown. 

Importing The Car To Your Country

You must be ready to import your car to your home country. Before your arrival in Dubai, you should have made all the necessary arrangements for successfully importing your car. There might be certain payments, documentation, permissions, certifications, license, and signatures required before you import your car. Your car should also be eligible to meet the conditions for being imported. Check with the concerned authorities before your car is ready to be shipped to your country.

The Pros And Cons Of Importing An Abandoned Supercar

There are certain advantages and as well as disadvantages of buying an abandoned supercar from a foreign country like Dubai. Let us have a look at some of the advantages of purchasing an abandoned supercar from Dubai. 

Advantages

Cost Efficient 

Purchasing a new car would be much more costly than purchasing an abandoned one. This is one of the reasons why people do not want to purchase a new one but almost half of the amount goes for abandoned ones. 

Easy transfer of ownership

In a country like Dubai where there is maximum security the work process is smooth. People would not have to worry about documentation for the transfer of ownership. Concerned authorities take care of everything which makes the purchasing process simpler and easier. 

Varieties of Options

Just like there are several options for buying new supercars there is an option for buying abandoned cars as well. There are plenty of supercars for you to choose from under one roof. If you like a car you can go for it by purchasing them through live auction. 

Disadvantages

May require a lot of documentation 

One of the most frustrating things is going through several levels of documentation. This is only to make sure that you can legally purchase and import your vehicle to your home country. But to make that happen you may require to go through several levels of documentation. 

May Not be a cheap option

Now, with growing costs, there could be heavy imposition of taxes for importing supercars. This could be one of the greatest disadvantages of purchasing and importing cars. 

Risk of Damaged Car

Cars must be decent looking but who knows what would be the quality of the engine. It is possible that the previous owner may have replaced certain original parts which you may not know about. But, if you are purchasing from a country like Dubai then you may not have to fear these things. 

Conclusion

In the end, it all depends on the decision and investment that the buyer wants to make. If you have a good investment amount ready to purchase a supercar and then import it to your home country then Dubai would be the best country to purchase them.

Not only the cars would be sold at a cheaper rate you can easily make the purchase by buying through a live auction. You can find more information about purchasing abandoned supercars from the official website of authorized dealers in Dubai.