Qatar Used Car Market Flourishes

After the summer holidays the demand of used cars in Qatar has enhanced and the prices take a height too. That increasing demand has certainly given a boost to the used cars market of Qatar. The used cars dealers said that the large size American and Japanese both cars in a big demand because numerous Qatari families are planning to go to perform Hajj by road. Qatar government also enhanced the salaries of government employees and it is expected a more boost in the used car market.

Secondly the increasing prices of new cars, particularly all new cars belonging from Japan are forcing the new potential customers to go for used cars instead of buying new cars. Many car dealers and showrooms have developed the separate place and section for selling out the used cars.

If we compare Saudi Arabia with Qatar on the grounds of new cars, it seems that Qatar is more expensive than Saudi Arabia. Before the ban imposed by the Saudi Government on the importation of more than 5 years old cars, the Qatar used cars market used to attract the Saudi Arabians due to low prices and high quality. On the other hand some tough rules by banks for issuing loans for vehicles also have badly hit the market.

Many financial institutions have offered many attractive loan offers as the banks have done difficult criteria for getting a loan. In Qatar many people rely on loans to purchase a car. On the other hand used car prices are getting high to due to increasing demand.