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Why UAE motorists are leasing out smaller cars khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.
Why UAE motorists prefer smaller cars to lease Waheed Abbas/Dubai Alamy Motorists looking to upgrade vehicle, budget-conscious consumers opting for leasing rather than owning a car Car leasing industry in the UAE is shifting gear slowly into recovery mode after a tough 2020 due to the outbreak of the pandemic with people increasingly opting for smaller vehicles. Industry executives say that motorists are increasingly opting for leasing rather than owning a car as it suits customers looking to upgrade to the latest models and also for the budget-conscious consumers. Kyle Gilliam, Sales and Marketing Director at Al Masaood Automobiles, says the auto leasing business has grown despite the unprecedented challenges this year and he is optimistic about the sector’s growth prospect in 2021. ....