Two thirds of UAE residents would buy second-hand car in cash

Monday, 18 February 2019 19:12

Are you surprised that 65 per cent of UAE residents would pay in cash for a second-hand car?

That's according to a new poll by online portal dubizzle, which also found that just under half of the car buyers would choose to seek a bank loan.

UAE residents from the Indian subcontinent are the biggest second-hand vehicle seekers. The survey showed they accounted for 55 per cent of buyers, whilst 22 per cent were Arab expats and just under a fifth were Westerners.

Two-thirds of those asked said they were looking to get another car in 2019, with 90 per cent of those keen to purchase a used vehicle rather than a new one.

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