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UAE sets deposit refund rules for dealers
- United Arab Emirates: Tuesday, October 23 - 2012 at 00:54
The UAE economy ministry has said car buyers in the country can recover funds deposited for purchase of cars within three months if car dealer fails to meet his commitment about deliver, Emirates 24-7 has reported. Consumers can also recover their deposit if the dealer breaches the agreement about the vehicle's specifications, in case of death, or bank's refusal to finance the vehicle, said Dr Hashim Al Nuaimi, director of the Consumer Protection Department at the ministry.
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