Resources for Auto Finance in Dubai
Automotives in Dubai have recently taken off, with the market showing few signs of slowdown and virtually no sign of a negative downturn due to the recent population explosion, many individuals have found themselves needing vehicles. According to the Dubai Informer, only 1 in 3 residents in Dubai currently own a vehicle of some type. This begs the question, what options are available concerning auto finance in Dubai? With a recent surge in local and world-based distributors of automotive products in Dubai, auto finance in Dubai has become a serious concern. What options are available concerning auto finance in Dubai, and what are the costs?
One of the world’s largest carriers, HSBC, is alive and well in the United Arab Eremites. Considered by many to be a standard dealer of finance, HSBC is often used due to their familiarity and global recognition. Others dislike them due to their impersonal nature (this however, is a matter of opinion). Many residents of Dubai own SUV’s and those typically run more than the standard small car, and HSBC has been known when looking at auto finance in Dubai for being able to foot the bill concerning larger loans. This has opened the door for many with standard credit to drive some above-standard vehicles.
Another locally based distributor of auto finance in Dubai is Diamondlease. A subsidiary of Al Habtoor, they specialize in new and used vehicles and are recognized by many dealers in the UAE as well as throughout the Middle East. Being a local company, they are usually more inclined to work with you concerning your payments and schedules.
There are others of course. When looking for auto finance in Dubai, there is the standard list of world distributors such as Citibank and Union National Bank, but there is also the Abu Dhabi Commercial Bank and the National Bank of Dubai. In truth, you have many options when looking for auto finance in Dubai. The choice, thankfully, is up to you.
