Another sign of imminent departure... selling the car. One of the problems with expat life is timing the appropriate moment to sell your veh...
Another sign of imminent departure... selling the car.
One of the problems with expat life is timing the appropriate moment to sell your vehicle. Too early, and you are doing a lot of walking. Too late, and you are at the mercy of car resellers out to make a buck on your desperation. We have had mixed results in the past. In Germany, our sad Volkswagen hatchback was in serious need of repairs. The engine would just die if we drove further than 100 km. Rain was a hazard as the floorboard was rotted and water would spray into the passenger side when we drove through a puddle. On our last day in Germany, we drove it to a junk yard and paid the owner to take the car off our hands.
In Malaysia, we had a beautiful Ford van. With two young kids we were reluctant to part with it and didn't put it up for sale in the newspaper until a month before our departure. As the days ticked by we got more and more nervous about selling it. In the last week, we finally got an offer that was far less than expected, but we had to take it.
During the turn-down in the economy in 2008 and 2009, the Emirates were swamped with abandoned cars as departing expats were unable to sell their cars for enough to cover the loan on the vehicle. It was a good time to buy a used car (large supply), but it was a good time to buy a new car as they were heavily discounted to compete. That was when we bought our new Toyota Fortuner.
Now a new transition to Kathmandu. Again we waited, perhaps too long we worried, to put the car up for sale. We talked about it over dinner at Vasco's,
then I started the process by taking the car through the car wash next to our apartment. It was one of those that you drive into, the machine moves around you and out pops a clean vehicle. However, the machine was broken. It kept doing the soap cycle over and over, but not the rinse, which inspired this picture from the inside:
Finally I got hosed. Not a fortuitous beginning.
The Arab world has a great online sales site called Dubizzle.com. The site covers most of North Africa and the Middle East.
It turns out I didn't have to worry about finding a buyer. Early Saturday morning I put up the ad on Dubizzle, then we drove to Ikea for shopping. Shortly after arriving at the store, the calls starting coming in. "What is your last price?" -"My price is firm". Soon I was getting calls every five minutes, but not at my asking price. Finally, as we were in the kitchen section, I told a caller I was getting lots of calls. He said, in very broken English that he would buy it at full price and be in Abu Dhabi tomorrow. His name was Abu Ali. That's when I noticed he was calling from Saudi Arabia.
We completed our shopping trip with a late lunch at the Meat Company near the Grand Mosque. The temperature was perfect and we were alone on the patio for most of the meal.
The calls kept coming, including more calls from Mr. Ali,
"Is it damaged?" "Is it working?"
"No, it's in perfect shape." It was!
The next day Mr. Ali flew to Sharjah and took a 200 km taxi ride to meet me and Haris that evening. Haris is the school's driver and can speak Arabic. I drove the three of us through a rare rain shower to a garage across town where they could inspect the car for hidden damage. All along the journey I was expecting a car to come fish tailing into my beautiful car. Didn't happen, but it was stressful.
The shop's owner was from Damascus, so the four of us talked about war, times that were, and things lost forever. The car was deemed in perfect shape.
Early the next morning, I drove Mr. Ali and Haris through rush hour to the vehicle inspection/DMV. The process should only have taken an hour:
Turns out I needed a clearance letter from the bank even though the loan had been paid off ages ago. We drove back into town to the bank.
Bank assistant: "No problem, it will only take seven days."
Me: "Mr. Ali traveled from Riyadh to buy the car today." -Note: that is like flying from Denver to LA to buy a car.
Bank assistant:: "Come back tomorrow."
Me: "How about 1pm today?"
Bank assistant:: "I will call you at 1pm today."
At 12:30 I went back to the bank and sat in the lobby and stared at the bank assistant with a smile of encouragement on my face. By 1pm the tension of my facial muscles was giving me a headache. 1:15pm, bank was beginning to close. Windows were darkened. Finally I saw a paper move from his desk to another desk, then another and finally back to his desk.
Bank assistant: "You have your paper."
I again picked-up Haris and Mr. Ali for the trip to the DMV. Transactions were finished, and by 4pm Mr. Ali was happily driving back home to Riyadh, Haris had his commission, and I was a little richer for the experience.
One of the problems with expat life is timing the appropriate moment to sell your vehicle. Too early, and you are doing a lot of walking. Too late, and you are at the mercy of car resellers out to make a buck on your desperation. We have had mixed results in the past. In Germany, our sad Volkswagen hatchback was in serious need of repairs. The engine would just die if we drove further than 100 km. Rain was a hazard as the floorboard was rotted and water would spray into the passenger side when we drove through a puddle. On our last day in Germany, we drove it to a junk yard and paid the owner to take the car off our hands.
In Malaysia, we had a beautiful Ford van. With two young kids we were reluctant to part with it and didn't put it up for sale in the newspaper until a month before our departure. As the days ticked by we got more and more nervous about selling it. In the last week, we finally got an offer that was far less than expected, but we had to take it.
During the turn-down in the economy in 2008 and 2009, the Emirates were swamped with abandoned cars as departing expats were unable to sell their cars for enough to cover the loan on the vehicle. It was a good time to buy a used car (large supply), but it was a good time to buy a new car as they were heavily discounted to compete. That was when we bought our new Toyota Fortuner.
Now a new transition to Kathmandu. Again we waited, perhaps too long we worried, to put the car up for sale. We talked about it over dinner at Vasco's,
then I started the process by taking the car through the car wash next to our apartment. It was one of those that you drive into, the machine moves around you and out pops a clean vehicle. However, the machine was broken. It kept doing the soap cycle over and over, but not the rinse, which inspired this picture from the inside:
Finally I got hosed. Not a fortuitous beginning.
The Arab world has a great online sales site called Dubizzle.com. The site covers most of North Africa and the Middle East.
It turns out I didn't have to worry about finding a buyer. Early Saturday morning I put up the ad on Dubizzle, then we drove to Ikea for shopping. Shortly after arriving at the store, the calls starting coming in. "What is your last price?" -"My price is firm". Soon I was getting calls every five minutes, but not at my asking price. Finally, as we were in the kitchen section, I told a caller I was getting lots of calls. He said, in very broken English that he would buy it at full price and be in Abu Dhabi tomorrow. His name was Abu Ali. That's when I noticed he was calling from Saudi Arabia.
We completed our shopping trip with a late lunch at the Meat Company near the Grand Mosque. The temperature was perfect and we were alone on the patio for most of the meal.
The calls kept coming, including more calls from Mr. Ali,
"Is it damaged?" "Is it working?"
"No, it's in perfect shape." It was!
The next day Mr. Ali flew to Sharjah and took a 200 km taxi ride to meet me and Haris that evening. Haris is the school's driver and can speak Arabic. I drove the three of us through a rare rain shower to a garage across town where they could inspect the car for hidden damage. All along the journey I was expecting a car to come fish tailing into my beautiful car. Didn't happen, but it was stressful.
The shop's owner was from Damascus, so the four of us talked about war, times that were, and things lost forever. The car was deemed in perfect shape.
Early the next morning, I drove Mr. Ali and Haris through rush hour to the vehicle inspection/DMV. The process should only have taken an hour:
- Inspection - Good! Check!
- Temporary Insurance for Mr. Ali? - Check!
- No traffic fines - Check!
- Vehicle Loan Clearance Letter from the bank - WHATTTT!
Turns out I needed a clearance letter from the bank even though the loan had been paid off ages ago. We drove back into town to the bank.
Bank assistant: "No problem, it will only take seven days."
Me: "Mr. Ali traveled from Riyadh to buy the car today." -Note: that is like flying from Denver to LA to buy a car.
Bank assistant:: "Come back tomorrow."
Me: "How about 1pm today?"
Bank assistant:: "I will call you at 1pm today."
At 12:30 I went back to the bank and sat in the lobby and stared at the bank assistant with a smile of encouragement on my face. By 1pm the tension of my facial muscles was giving me a headache. 1:15pm, bank was beginning to close. Windows were darkened. Finally I saw a paper move from his desk to another desk, then another and finally back to his desk.
Bank assistant: "You have your paper."
I again picked-up Haris and Mr. Ali for the trip to the DMV. Transactions were finished, and by 4pm Mr. Ali was happily driving back home to Riyadh, Haris had his commission, and I was a little richer for the experience.
Life is an adventure, your's more than most... :)
ReplyDeleteMy last few car sales have been so tame in comparison.