We are planning to move to Doha by mid of this year. Any idea of recent car prices and financing schemes for cars like BMW X3 / Volvo XC90 / VW Touareg / Volco V780 / Volvo S80 / Audi A6 / ...
where are you coming from? new cars here are significantly cheaper than Canada, the UK and Egypt. I would say they are probably cheaper here than anywhere in western europe too.
i bought a mazda 3 for about 17K USD (drive away). it would have been closer to 21-23K in Canada, before taxes, which would add at least another 3K.
where you get screwed here is financing. they calculate the interest on loans here in a way that i have never seen in canada (and which is probably illegal back home). they will tell you that they are charging you something relatively reasonable like 6 or 7%. BUT - they use the initial balance of your loan to calculate your interest payable over the full course of the loan (as opposed to correctly calculating your interest payable on the outstanding principle of your loan, which declines with each payment). the end result is that a 6-7% loan is actually 10-11% if you are taking a 4 year loan.
it's dirty and deceiptful IMHO, but all banks here do it.
___________________________________________
"Even a stopped clock gives the right time twice a day." Withnail & I
This is a good idea for comparison and for marketing purposes. If the dealers will give details of their promotions and the like, more QL readers will benefit from it.
Any QL member/reader connected with any Car Dealers are welcome, thus giving more advertising advantage and plus for their employer.
Qatar's winter months are brimming with unmissable experiences, from the AFC Asian Cup 2023 to the World Aquatics Championships Doha 2024 and a variety of outdoor adventures and cultural delights.
Fasten your seatbelts and get ready for a sweet escape into the world of budget-friendly Mango Sticky Rice that's sure to satisfy both your cravings and your budget!
Celebrate World Vegan Day with our list of vegan food outlets offering an array of delectable options, spanning from colorful salads to savory shawarma and indulgent desserts.
hi topoo,
where are you coming from? new cars here are significantly cheaper than Canada, the UK and Egypt. I would say they are probably cheaper here than anywhere in western europe too.
i bought a mazda 3 for about 17K USD (drive away). it would have been closer to 21-23K in Canada, before taxes, which would add at least another 3K.
where you get screwed here is financing. they calculate the interest on loans here in a way that i have never seen in canada (and which is probably illegal back home). they will tell you that they are charging you something relatively reasonable like 6 or 7%. BUT - they use the initial balance of your loan to calculate your interest payable over the full course of the loan (as opposed to correctly calculating your interest payable on the outstanding principle of your loan, which declines with each payment). the end result is that a 6-7% loan is actually 10-11% if you are taking a 4 year loan.
it's dirty and deceiptful IMHO, but all banks here do it.
___________________________________________
"Even a stopped clock gives the right time twice a day." Withnail & I
This is a good idea for comparison and for marketing purposes. If the dealers will give details of their promotions and the like, more QL readers will benefit from it.
Any QL member/reader connected with any Car Dealers are welcome, thus giving more advertising advantage and plus for their employer.