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A recent poll conducted by dubizzle Motors, one of the most renowned online markeplaces in the UAE for the purchase and sale of used cars reveals that most people would pay cash for a used car. Of the 1147 people who participated in the survey, 65 percent said that they were likely to pay cash for a used car while only 44 percent said that they would seek to finance the purchase of a used car through a bank.
68 percent of dubizzle Motors users were keen on buying a car in 2019, and of these, 90 percent preferred to buy a used car rather than a new car.
The poll which involved collecting responses from more than 1,100 dubizzle Motors users was conducted in January 2019 and revealed that less than half of the participants would use financing options to buy a used car.
More than half (55 percent) of those who wanted to buy a used car through dubizzle Motors were expatriates from the Indian subcontinent and this made them the largest audience for secondhand cars. The second biggest group (22 percent) comprised Arab expatriates and this was followed by Western expatriates at 18 percent and Emiratis at 5 percent. The poll also indicated that 44 percent of dubizzle Motors users intended to buy their first car in the UAE in 2019.
Commenting on the findings of the poll, Amr ElGabry, General Manager at dubizzle Motors said that as the largest motors marketplace in the UAE, dubizzle Motors serves as a convenient marketplace for browsers to buy and sell used cars. He said that the company’s survey data highlights the popularity of cash transactions amongst long-term UAE residents who want to buy a second-hand car on the dubizzle Motors platform.
Dubizzle Motors not only offers a wide range of car brands and models, but also offers many additional services which can ensure the quality of the car they are buying, like verified listings and car inspection services. The car inspection service comprises a comprehensive 240-point inspection so that buyers can purchase a used car with complete confidence and peace of mind.
Of the participants in the survey, 59% have been UAE residents for over 5 years, while 19 percent of the respondents have been UAE residents for 3 to 5 years. 16 percent of those who were seeking to buy used cars are new residents and have been in the UAE for a year or less, and 7 percent of car seekers have been UAE residents for 1 to 2 years.
dubizzle at any one time has over 32,000 live listings and this gives more options to car buyers to find just the right car that suits all their needs.
Manju Mathew, an MBA in marketing, completed publisher training courses from the Oxford Brookes University and New York University. She started with marketing and PR roles before moving on to her current position as a full time writer. Currently living in Dubai, her life as an expat has sharpened her observation skills and flair for writing. She enjoys writing about luxury cars like Ferrari, Lamborghini, etc even if she can only dream of owning them.
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