No down payment car plans in Dubai, and what they cost

A plan with nothing at the start exists in Dubai, and it is not free. You pay for it every month. Here is the difference in real numbers, and what we do.

What "no down payment" means in Dubai

On a normal car loan in the UAE the bank asks for 20 percent of the price of the car before anything moves, plus a salary certificate and a credit bureau check. Some rent-to-own companies advertise nothing at the start. That is real, and you pay for it in the monthly figure: the company carries the whole price of the car, so the monthly payment is higher and the term is usually longer.

What we do, in plain numbers

We buy the exact car you choose. You pay from 10 percent of the price at the start, from AED 4,200 depending on the car, and that is what buys it. On most of the cars below this makes the monthly payment lower than it would be with nothing at the start, by up to 19 percent. There is no deposit on top, no joining fee and no administration charge.

We say this plainly because you will see "zero down payment" advertised elsewhere. Compare the monthly figure and the number of months, not the word on the banner.

Why no bank is involved either way

The car stays registered to the company that owns it until the plan is finished. That is the security. No bank, no credit bureau check, no salary certificate. At the end of the term the car transfers into your name.

What you actually need

Emirates ID, or a passport with a valid UAE visa.
A UAE driving licence.
A security cheque.
Proof that money comes in regularly. It does not have to be a salary transfer, and it does not have to go through a bank.
The payment at the start for the car you choose.

Cars and what each one costs to start

Peugeot 3008, AED 2,650 a month for 36 months, AED 4,900 at the start
Chevrolet Captiva, AED 2,850 a month for 24 months, AED 4,200 at the start
Jetour X70 Plus, AED 3,060 a month for 36 months, AED 6,150 at the start
KIA Sportage, AED 3,140 a month for 36 months, AED 6,650 at the start

See all the cars and the numbers

Questions people ask

Is there a deposit on top? +

No deposit on top. What you pay at the start goes into buying the car itself, and it is written into your contract.

Do I need to pay anything on the day I sign? +

Yes, the amount shown for the car you chose, and your first month. Nothing else, and nothing before the car is confirmed.

Is there a fee at the end? +

On some cars the plan simply ends and the car is transferred to you. On others there is a final payment. The exact amount is on the car page and in your contract before you sign.

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DriveToOwn is the rent-to-own car brand of Carborn Car Rental L.L.C, licensed in Dubai, trade licence 1144437. Showroom at Midtown Central, Majan, Shop 28, Dubai, open every day 10am to 8pm.