A drop in car sales after the UAE Central Bank's tightening of auto financing regulations has forced car manufacturers to come up with offers to bring buyers back into the fold.
Al Futtaim Motors has got around the regulations by offering a lower down payments on certain models, and allowing buyers to pay the money back over 24 months.
"Within the Central Bank's guidelines, we've created the low down payment by putting the rest of the price into the monthly payment instalments," said Simon Frith, Managing Director at Al Futtaim Motors.
In accordance with the Central Bank's policy, Al Futtaim has created the low down payment by spreading the rest of the 20 per cent in the instalment charges without charging interest fees on the amount.
