Your car is one of the largest purchases you’ll make. In fact, after property, a new car is often the second-most valuable asset you have. The price of a new car makes it almost impossible for most people to buy it outright for cash, especially if you have a taste for the finer things in life. Even a pre-owned car can cost a lot of money. For example, a top-of-the-range 2019 Toyota Prado will set you back around AED 150,000. Unless you’ve had a lottery win, the chances are that you’ll want to buy your car on finance.
What options are available?
The easiest way to arrange car finance is through a dealership. As long as your credit history is good, you should be able to choose a car finance option that suits both your needs and your budget. At Automall, we offer finance through our partnerships with many of the leading banks in the UAE, as well as other financial providers. That means we can look around to get the best deal for you with competitive rates and flexible payment terms.
What about selling a car with outstanding finance?
If you want to sell your car privately, you'll need to ensure that all of the financial obligations have been met before you hand the keys over to the new owner. That could delay a sale and mean that you don't have the cash you need to put down on your next purchase.
However, if you sell your car to Automall, we’ll take care of all the finance arrangements for you, ensuring all obligations are fulfilled and that there are no outstanding payments. The cash balance we give you could then go towards your next car, reducing the amount of finance you need to complete the purchase. That cash booster could mean that you could afford to upgrade to a better model too, making the car of your dreams that much more achievable.
Flexible Finance Options
Our position as a preferred broker with many of the UAE's financial providers gives us a little extra influence when negotiating a more flexible finance option. Our team will never try and persuade you to take a package that's outside your limits, so you'll never feel pressurised or out of control. Simple monthly payments are taken via a direct debit system, so you always know exactly how much you're paying and when. And if you need to adjust those payments to either pay off your vehicle faster or spread the cost a little more, our team are always here to work with you to arrange the best deal.
With a hire purchase agreement from Automall, you pay a 20% down payment on your car. The outstanding amount is then paid off monthly, with applicable interest and fees included. Not only is this a straightforward way to buy your car, but it also adheres to Islamic principles.
Whether you want to buy a nippy Nissan for the daily commute or a luxurious Lexus for your business, a practical and robust Toyota Hilux or a sleek BMW, Automall has the right car at the right price. Browse our online collection today, or drop into your local showroom and chat with one of our team about finance options at Automall.