second hand car prices
I am new here and new to the idea of cars being sold second-hand on the basis of the buyer “taking over the loan.” In my experience elsewhere, bank loans are very personal things between bank and customer and cannot be assigned to others.
Quite apart from that however, the concept of selling a car on the basis of taking over the loan, implies that the loan reflects the value of the car. Maybe it did on “day one,” but after day one cars do not depreciate on a “straight line” basis. Depreciation is MUCH higher when a car is new. In places like the UK, even if a car is ONE DAY old, you might expect a discount of 10% on the new price. In the first year depreciation may be 30%. The more prestigious the car, the higher and faster the depreciation will be.
I have seen people trying to sell cars of maybe 6 months old on a “take over the loan” basis. The seller has maybe paid 6 installments of 2,000 R. So this 6 month old car is being discounted by just 12,000R or maybe only 8 or 9 %, and the seller has had the use of a brand new car for 6 months for just 6 x 2,000R. He could not have hired the same car for that price! Of course if you can get it….good luck to you! Cars are by no means a bad price in Doha, but those wanting to sell on the above basis are being unrealistic I think.
