Robbies

I've done some searching, and know the process for me to sell;

- clear finance and get NOC (immediately) and clearance certificate (5-7 days) from my bank
- go to RTA with the buyer to do the transfer.

Only uncertainty I have is that the buyer is taking an auto finance loan from his bank.

Both he and I spoke to the bank today (Abu Dhabi Islamic Bank) who have stated that both the buyer and I need to go to a branch to sign the relevant paper work. I then get a LPO (local purchase order?) and a signed & stamped letter from bank stating cheque is available in 3 days for collection.

However, both the bank and the buyer say that once these docs are signed, we can go ahead with the transfer at RTA.

So, I sell the car and get payment for it 3 days after?

Is this the case, or am I missing something? I have never sold a car without cleared funds in my account.

Cheers