Car Auction in Dubai : Super cars, Police cars, and all you need to know
The UAE has long since been considered a centerpiece for motor car related exploits and enthusiasts both. It is home to an enormous number of luxury cars, high value cars and classic cars. From the wealthy class to the Dubai police to the car dealerships, there are many stakeholders responsible for the volume of these vehicles in Dubai. While there are many reasons and explanations for this amassing of vehicles, another venture that has been gathering interest of late is the car bidding activities of the car auction in Dubai and Sharjah.
Dubai car auctions are an exciting and thrilling opportunity to own these magnificent cars at a fantastic price. As is the case with any auction, the highest bidder will lay claim to the vehicle that is auctioned. These auctions are a common occurrence in Dubai and Sharjah. There are several types of these car auctions taking place in Dubai and Sharjah. The following are several of them,
- Dubai used car auction
- Dubai police car auction
- Dubai abandoned and salvaged car auction
Whether you are a first timer or a frequent bidder at these auctions, These article will provide a thorough report on how a Dubai car auction proceeds and how you are able to participate.
Dubai used car auction
These car auctions, organised by the Government of UAE, provide the bidders with used cars of various ranges, from supercars to classic cars to family vehicles. At times, they also offer vehicles with different specs, such as US, Japanese and GCC car specs. These auctions function as a normal auction does and the car goes to the highest bidder. It is very popular in Dubai and Sharjah and happens quite often.
Dubai police car auction
Another widely popular car auction among the car bidders of Dubai and Sharjah are the police car auctions. They are conducted by the police, a state owned organisation. These vehicles also have a wide variety as they are mostly confiscated vehicles from all parts of the UAE. If the owner fails to pay the dues or collect the vehicle on time, it will be notified to them that they’re vehicle would be auctioned. This provides a great chance for normal citizens to obtain a high value vehicle for a lower price. You also don’t need an invitation to attend this auction and they are generally advertised through newspapers and such.
Dubai abandoned and salvaged car auctions
Another type of auction usually conducted by the Dubai police are the abandoned and salvaged car auctions. While they may have some faults in certain vehicles, they are generally in a good condition. These auctions might not have high performance and classic cars regularly, however they provide the opportunity for people to own a vehicle for a very low price. These auctions are very popular among car enthusiasts and restorers. It is also quite a common occurrence in mainly Dubai and Sharjah to abandon vehicles when the costs involved are unbearable, so there are a high number of these types of abandoned vehicles.
Just like for the police car auctions, You don’t require an invitation to participate in these auctions and are notified to the public through newspapers and such
How Dubai Car auctions function
Never been to a car auction before? Not to worry, we will provide you with everything you need to know to prepare for a car auction.
The first thing you need to know is that only the government can conduct car auctions in the UAE. They have regular car auctions through the RTA, Emirates Auction and Emirates Transport. They issue invitations and you are required to possess one inorder to participate in a car auction. You are also required to fill a registration form and provide several documents such as your Emirates ID upon entry.
You will then be given an identification number along with a leaflet with information about the vehicles in the auction. You can use this identification number in-order to bid for cars that you are interested in, once the base value of the car is announced. The car will be awarded to the highest bidder. The payment for the bided value of the car must be cleared within 48 hours. It is also important to note that these auction cars have no warranty.
Modes of Car Auction in Dubai
There are two ways a Dubai car auction would operate. They are, as a live auction or an online auction.
Live auctions are physical auctions that are happening in Dubai, usually in a closed hall. The vehicles are on display outside in an open space and can be seen through glass. The auction will be happening inside. You are required to have an invitation from the government to participate in this auction. They operate as any other auction would be, with the bidders and registering, paying a fee and being able to make bids on the auctioned vehicles.
Most auction houses have websites and it is in these websites that the car bidding will occur. You can view the car that you require and make a bid through the website itself. Online auctions are not conducted by the government. Instead, it is organised by individuals or private companies. This provides opportunities for business between the people and has caused car bidding to be a highly popular endeavor.
Tips on making the most out of a Car Auction
Punctuality is an important asset when it comes to car bidding. Arriving on time and examining the vehicles in display will provide you a sense of which cars to bid for and which cars to avoid. It also helps if you know the actual market values of the cars being auctioned. This aids in making sure that you don’t make a bid that is economically not feasible. It is also not a wise strategy to get stuck on only one particular car and bid very high on it. Instead, having a few options and bidding moderate amounts in each is a wiser and more economical strategy.