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Precautions before buying a car on mortgage in the UAE
I am going to purchase a used car in the UAE. I have found a nice car, but the owner says he has purchased it using a bank loan.
How can I check whether he has fully paid his loan before buying such a car?

HPL Yamalova & Plewka DMCC
7 May 2020, 06:49
Hello.
The car registration card will reflect whether the car is mortgaged or not.
If the seller bought the car with a car loan and not a personal loan, he will need a clearance from the bank to sell it.
You can also request the owner obtains a clearance letter from the bank, to maintain in your records.
For more options on moving forward, you can contact my firm.

Dr Amira Al Bastaki Advocates and Legal Consultants
10 May 2020, 09:58
You can request a bank certificate stating that he has paid the car loan.
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