Abu Dhabi, UAEWednesday 5 August 2020

Pocketful of Dirhams: Ramadan car deals - can you buy or sell a motor during Covid-19?

We analyse how this year's holy month offers translate into savings and whether buying a new car now is actually a good idea

Buying a new car during Ramadan is something many residents traditionally consider because it's a time when the market is flooded with lucrative deals.

From zero per cent interest rates on financing to offers of free maintenance, registrations or insurance and extended warranties, there are all kinds of ways dealers lure in customers during the holy month.

But buying a new car might not be a top priority for consumers this year, as many residents in the UAE are observing movement restrictions to curb the spread of coronavirus.

So how are car dealers adapting to this era of physical distancing? And if you do find an offer you like, how do you know if it really is a good deal?

Also, how do you test drive the car or actually purchase it?

Host Alice Haine, the personal finance editor of The National, is joined by Imad Hammad, the co-founder of second-hand car platform CarSwitch.com, who offers answers to these questions and discusses the challenges of buying and selling a car during the pandemic.

Listen to last week's episode on the investment outlook for stocks, bonds and gold

Updated: April 22, 2020 04:11 PM

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