UAE used-car glossary
Private Sale
Also known as private party sale, individual-to-individual sale.
A private sale is a car transaction between two individuals without a dealer in the middle. Private sales typically net 8–12% more than a dealer trade-in for the seller, but require handling RTA paperwork, test drives, and payment security yourself. Cash, cleared bank transfer, or manager's cheque are the standard settlement methods.
Related terms
Trade-In
A trade-in is selling your used car back to a dealer as part of a new-car purchase.
Ownership Transfer
Ownership transfer is the official process of moving a vehicle from one registered owner to another at an RTA service centre.
Fair Market Value (FMV)
Fair market value is the price a willing buyer and willing seller would agree on for a vehicle in an open market, with neither party under pressure.
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