Just take a look at the Emirates Auction link I pasted above in another reply. You need local ID credentials to participate in the bidding. If you need any further help, let me know in private as we're probably getting too much off-topic and @Admin won't be happy 😱
fancy that LOTUS, Martin?
lol 😱rof/% ... then maybe this one for around €1.7k will be better 2014 Dodge Ram for sale in UAE | 171990 .. you can even load the moon rocks you find along the way!
I posted here the auction of a 2016 Lotus Evora for around €5K. These 'deep value' opportunities come and go and obviously aren't there all the time (it depends on the Courts and Police actions and there aren't that many 'crimes' happening there). Worth correcting two wrong assumptions you make in your post though:
possible for you to post it in short form? I wonder if it would make sense to buy such a cheap car if you live in a country where car costs 10 times what the average pay in Europe.
After reading the FAQ it seems anybody can take part, ID needed for register plate auctions, but not cars.
@Admin - Ok, it was a 2008 RR Phantom for around €25k. It had flat tyres and damage in the bodywork (it looked like from a big crash), plus the airbags had to be re-installed. My guess it was this was a son-of-an Arab who like to fly instead of run. Anyway, with a just a few tweaks (35-40K tops all-in price) you end up with a 400K-value gorgerous car. I've sonly seen this once, but I'm not glued to the screen to say whether there have been more of these, which could very possibly be.
I wouldn't recommend doing any bidding without an ID as you'll need to insert UAE plates in it, but it's up to you to try.
one should be table to tow the car without plates and just send it in what ever destination. I don t remember though if it is easy to be sold as a car or "spare parts"
If he spends anything over 10k it goes straight to IRS, if he spends over 5k near the financial system they keep a record. He seems crazy. If you evade taxes, just to go and spend the money on $80k car, you have defeated your own system. He will always fail forensic account and audit test of how his low income generated that car. The closest thing I can think he could do is to put it in a company name, buy it in a neighbouring country possibly used and work out payment plan with the owner to pay him $5k a month or something.
somehow for some people iphones are an asset. app developers for example 😀
