Buy or Rent a Car?
Apr 22nd 2008, 8:09 pm
#1
Forum Regular
Thread Starter
Joined: Apr 2008
Location: UK
Posts: 37
Buy or Rent a Car?
Moving to AD in July and working out a budget.
What car am I likely to get for say 2,500-3,000 AED per month on an annual rental agreement?
I may be brave enough to buy a car after a year - fancy an X5 - anyone got an ideas of cost (and over what term do banks usually spread the loan)?
Thanks
What car am I likely to get for say 2,500-3,000 AED per month on an annual rental agreement?
I may be brave enough to buy a car after a year - fancy an X5 - anyone got an ideas of cost (and over what term do banks usually spread the loan)?
Thanks
Apr 23rd 2008, 5:05 pm
#2
Forum Regular
Joined: Mar 2005
Location: Abu Dhabi
Posts: 200
Re: Buy or Rent a Car?
Moving to AD in July and working out a budget.
What car am I likely to get for say 2,500-3,000 AED per month on an annual rental agreement?
I may be brave enough to buy a car after a year - fancy an X5 - anyone got an ideas of cost (and over what term do banks usually spread the loan)?
Thanks
What car am I likely to get for say 2,500-3,000 AED per month on an annual rental agreement?
I may be brave enough to buy a car after a year - fancy an X5 - anyone got an ideas of cost (and over what term do banks usually spread the loan)?
Thanks
My boss just picked up a brand new 2008 X5 - I think around 350,000 Dhs direct from the dealer. No idea on finance.
Apr 23rd 2008, 6:04 pm
#3
Joined: Jan 2008
Posts: 1,343
Re: Buy or Rent a Car?
2,500 - 3000Dhs/month will get you a Mazda 6 or Toyota Camry from one of the big names (Hertz, Fast etc) on a yearly lease. That is fully maintained, insured etc, all you do is put fuel in it. My Jeep Grand Cherokee is 3,600/month on a two year lease with Hertz.
My boss just picked up a brand new 2008 X5 - I think around 350,000 Dhs direct from the dealer. No idea on finance.
My boss just picked up a brand new 2008 X5 - I think around 350,000 Dhs direct from the dealer. No idea on finance.
You could buy and run a Camry for a lot less than that!
Apr 23rd 2008, 8:53 pm
#5
BE Enthusiast
Joined: Feb 2008
Location: Dubai
Posts: 656
Re: Buy or Rent a Car?
2,500 - 3000Dhs/month will get you a Mazda 6 or Toyota Camry from one of the big names (Hertz, Fast etc) on a yearly lease. That is fully maintained, insured etc, all you do is put fuel in it. My Jeep Grand Cherokee is 3,600/month on a two year lease with Hertz.
My boss just picked up a brand new 2008 X5 - I think around 350,000 Dhs direct from the dealer. No idea on finance.
My boss just picked up a brand new 2008 X5 - I think around 350,000 Dhs direct from the dealer. No idea on finance.
