Where can I buy bank repossessed cars in the UAE?

At Marhaba Auctions' live auctions inside Souq Al Haraj, Sharjah, held in partnership with Osool every Monday, Wednesday and Friday at 5:00 PM. You can also bid online from anywhere in the UAE.

Are repossessed cars cheaper at auction?

Yes. Because they are sold to recover finance value, repossessed and lease-return cars often sell well below showroom prices, with no dealer markup on top.

Can I inspect a repossessed car before bidding?

Yes. Walk in any day from 10:00 AM to 10:00 PM to inspect vehicles at the Souq Al Haraj yard and review condition, mileage and history before you bid.

How do I register to bid on repossessed cars?

Registration is free. Sign up at marhabaauctions.com with your Emirates ID or passport, or register in person at the Souq Al Haraj branch.

Bank Repossessed Cars UAE | Marhaba Auctions

Q: What are bank repossessed cars?

Bank repossessed cars are vehicles returned to or reclaimed by banks and finance companies, then sold at auction to recover their value. Lease-return cars are vehicles handed back at the end of a finance or lease agreement.

Bank Repossessed Cars Auction in UAE

Bank repossessed cars are vehicles reclaimed by lenders when finance payments stop, then sold at auction to recover value. Marhaba Auctions offers these alongside ex-government fleet and corporate fleet returns, at up to 30–50% below market — often in good condition.

Watch live auctions now or browse the calendar.

What Are Bank Repossessed Cars?

They are vehicles repossessed by a bank or financier due to unpaid finance installments, then listed for auction. They are frequently well-maintained and attractively priced.

Why Buy from Marhaba?

Prices far below traditional showrooms.
Transparent condition reports and inspection — browse all vehicles.
Live and online bidding across 6 branches.
Free registration.

Auction Schedule – 6 Branches, 7 Days a Week

View all locations:

Souq Al Haraj – Sharjah: Monday, Wednesday & Friday at 5:00 PM.
Ind. Area 12 – Sharjah: Saturday, Monday & Wednesday at 6:30 PM.
Main Branch (Ind. Area 2) – Sharjah: Sunday, Tuesday & Thursday at 4:30 PM.
Al Sajaa – Sharjah: Friday & Sunday at 7:00 PM.
Oman Branch: Sunday at 6:00 PM.

Auctions run at Souq Al Haraj with Osool, the Sharjah Government-affiliated entity.

How to Bid

Register free online or in person.
Browse the calendar and inspect vehicles.
Bid live or online.
Win, pay and collect on-site.

Bank Auction Cars in Dubai and Sharjah – What to Expect

Banks and finance companies consign repossessed vehicles to Marhaba Auctions because we reach the largest bidder base in the UAE. For buyers this means cars that are usually 1–5 years old, often with service history, clear title once the finance is settled, and no dealer margin – the starting bid reflects the bank's settlement figure, not a showroom price. Bank lots are flagged on the lot page and appear at every session across our Sharjah branches – see the daily Sharjah auction schedule. Dubai buyers can inspect in Sharjah or bid from home via the Dubai car auction page and online bidding. Looking for a cheaper starting point? Browse cars under AED 10,000.

Bank Repossessed Cars at UAE Auction

Common questions

What are bank repossessed cars?