BantamRJV

Hello,

Forgive me but I'm new to this forum...

I am selling my car in Dubai via the usual channels (Dubizzle) and I've found someone to buy it. The catch is they need to get car finance...they've asked for a copy of my registration as well as my passport. Now I've rung up the bank he says are financing the loan and they say they don't require these documents.

Is this a scam? Any advise is welcome.

Thanks
BantamRJV

busybee2

their bank shouldnt require your identification you only need id etc when you are dealing with traffic dept.

fezzer

I think it's a knee-jerk reaction to everything in the ME. Copy of passport, Visa, No Objection letter etc. etc.

BantamRJV

yes but it's not me buying the car...i guess i've read too many horror stories about selling cars in the Dubai...I imagined the guy somehow taking a loan out in my name etc...can you imagine?!

I've asked him to confirm with the bank exactly what's required. Will tell all once the sale's completed/ I decide to sell to someone else!

Millhouse

TIP - the market is booming so accept cash only and tell any finance buyer to f-off. They will waste your time otherwise. Think about it, they would do it to you.

Jackwow

If you bought the car on finance make sure you have a letter from your bank stating that you have paid off the loan. Otherwise you'll be dissappointed when you go to the traffic department to exchange ownership.

BantamRJV

I own the car outright and never had finance...the latest is I'm waiting for the dude's finance man to call me for further details before issuing a manager's cheque...i'll give it one more day before putting the boot in I reckon.

NorthernLad

When I sold my car in the summer I refused to deal with people who needed finance, waited for a cash buyer.

One guy who was going to finance the car wanted me to take it to Dodge for checks, then do something with bank etc...

It just wasn't worth the hassle.

busybee2

and sometimes to get that letter can take a week or more.

NorthernLad

"I own the car outright and never had finance".

Get with the programme.