Ramadan in the UAE: Car Buyers Choose 0% Financing and Free Insurance
As Ramadan approaches, car buyers in the UAE are benefiting from attractive offers from dealers, including 0% financing for up to five years and multi-year free insurance.
This trend has emerged as dealers enhance their promotions to attract new customers.
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The aggressive financing options allow buyers to select their preferred models and pay in interest-free installments.
Many dealers are also minimizing down payment requirements, making it easier for customers to purchase vehicles.
Industry experts report that the average duration for these financing offers is approximately 4.8 years, complemented by extended service warranties.
With motor insurance premiums having risen by 15%-35% over the past year, the inclusion of free insurance is a significant draw for potential buyers.
While discounts are still available, the preference for financing deals is evident, with a 60:40 split favoring 0% financing over direct cash discounts.
As dealerships cater to the needs of cautious consumers, these offers promise substantial savings during the festive season.
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