Dubais abandoned cars.

[ZenOps]

http://www.news.com.au/travel/travel...-1227425315006

Its starting to go parabolic now with oil at $40. Arab emirates are completely different from the US style of bankruptcy. In the Arab Emirates, you just run out on your debts instead of risking debtors prison (you basically have no recourse, as there are no bankruptcy laws, as its pretty much 100% you are going to jail for not repaying debts)

In the US, you stretch out your debts for as long as possible in the hopes that they will print more money, or in the case of student debt - just write it off as necessary under Christianity in debt Jubilee years.

Technically, under the UAE laws, Donald Trump would not be running for president, he would absolutely be in prison. In many ways, Sharia law is much more ultracapitalist than the current quite forgivingly socialist US economic policy.

"Under Sharia law, the failure to pay back debt is a criminal offence with offenders facing the risk of prison.

The UAE has no bankruptcy laws so there is no protection should you fail to meet your car repayments, pay off your credit card or default on your mortgage.

The result means that expats and locals are ditching their expensive cars to avoid jail time, often with the keys still left in the ignition. It was reported in 2011 that a $2 million rare Ferrari Enzo was even found abandoned in the airport parking lot by police."

[jabjab]

What would stop someone from claiming an abandoned car in Dubai and lets say bringing it over to Canada?

[NoPulp]

On the bottom of one of the pictures it says that cars are impounded before being auctioned off at low prices.

I suppose it would just take time and money to import them to canada?

[Zhao Kan]

he says 'claiming' though. That sounds like he wants one for free. So I'd answer theft laws? And because you are not a local, your punishment will be far more severe.

That fundamentalist racist hellhole is one place I have no interest in visiting.

[roopi]

Isn't this same story reported every year? Basically the same article from 2012:

http://www.businessinsider.com/heres...the-uae-2012-9

[civic_stylez]

It cant be too difficult. When I worked for Ferrari, we saw a lot of cars that had came over from Dubai. Airboxes full of sand and Arabic writing on the plates and mirrors. The shipping would be the big one.

[jabjab]

Originally posted by Zhao Kan
he says 'claiming' though. That sounds like he wants one for free. So I'd answer theft laws? And because you are not a local, your punishment will be far more severe.

That fundamentalist racist hellhole is one place I have no interest in visiting.

Well nothing is free. By claiming I mean legally obtaining the car through some means such as the auction. Does it matter to be foreigner kind of thing?

[01RedDX]

.