Regulations and Standards on Sale of Used Cars in UAE

The strategic positioning of UAE has made it a world leader in the used car market. Despite stringent regulations on the vehicle age, the market continues to thrive well. In the city of Dubai alone, the used car showrooms total to more than 200 exhibitions. This market has grown so much that the municipality of Dubai had to construct an AED 65 million multistory structure for vehicle parking in Al kahor. Current Government Regulations on Sale of Used Cars in UAE Various regulations have affected the development of the used car market. One of them is the legislation that banned the importation of cars more than 5 years of age, which slashed off a sizeable section of the market. In terms of documentation while purchasing, the only documents required are the delivery order, copy of the bill of lading, and the inspection report. Export documentation of used cars involves; An export declaration, which is approved by a licensed operator given mandate by the licensing agency. An export permit issued by an approved body.  An authentic sale invoice showing the quantity, description and the total value of the vehicles. Goods clearing declaration; The authorities of the UAE have made the process of resale of used cars in Dubai very friendly to businessmen thus promoting the success of the used vehicle business. Importance of Enforcing Regulations and Standards of Used Cars...

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