UAE Survey Reveals Shift in Car Buying Habits

Are you planning to get a new car soon? Will you be buying or leasing? Or are you not sure yet? A recent survey by Audi Abu Dhabi and Al Ain reveals a growing inclination towards leasing options, with 85% of respondents familiar with leasing as a form of vehicle ownership. This trend was particularly pronounced among higher-income demographics earning above AED 40,000 per month (97%), with nearly 4 in 10 expressing a preference for leasing to meet their short-term needs.

Respondents inclined towards leasing highlight various factors influencing their decision: 16% opted for leasing due to their short-term usage requirements, 20% favour leasing for financial flexibility while exploring high-end EVs and luxury vehicles, and 21% prefer leasing to avoid high down payments and enjoy fixed monthly payments, eliminating concerns about fluctuating interest rates.

Despite the interest in leasing, 57% of respondents still prefer car ownership, citing long-term ownership benefits and the ability to sell the car later, with 25% of respondents believing they will be able to sell the car for a good price, making buying a more attractive option for them.

To cater to this growing interest, Audi Abu Dhabi and Al Ain has introduced attractive leasing offers on a range of models. For more information, contact Audi Ali & Sons or visit www.audi-abudhabi.com.

Conducted in conjunction with YouGov, the survey polled over 1,000 UAE residents aged 18-50 years.