Buying a car in KSA

Member since 16 February 2013

Mohamed_415Member09 March 2013 23:22:19

I need to buy a car in Jeddah. I have a two-year contract with the bank that hired me. I don't know what to do, buy a brand new car or buy a used car? I was thinking if I buy brand new, I can sell the car when I leave Jeddah in two years. Do cars in KSA generally have a good re-sale value? Or am I better off just buying a used car since I am only staying for a couple of years?

ahmadaq Serial expat

Member since 27 November 2012

ahmadaqSerial expat10 March 2013 04:47:59

556

Hi,

If you are here for only two years then a second hand car will be a better option. Cars in Saudi will lose around 15% of their purchasing value the second you drive them out of the dealership store, and after the first 1000 Km added to their mileage meter they will lose around 30-40% of their original value depending on the car maker/model. Then it will drop by around 5-10% yearly.

The best cars for re-sale value are Toyota, Honda, and then American cars like Chevy and Ford.

For other cars like Hondai and Kia the first year drop can go up to 50% or even more of the original value.
The easiest cars to resell are the Toyotas followed by Honda and Chevrolet.

Cheers,

Beakersful Contributor

Member since 13 January 2013

BeakersfulContributor10 March 2013 09:57:47

161

Lease to Own puts about 50% on the price of a new car.聽 I doubt you'd want to buy a car more than 3-4 years old (mechanical issues) Toyota Yaris is cheap with cheap parts and reliable.聽 Stick t black or white for resale value too.

Mohamed_415 Member

Member since 16 February 2013

Mohamed_415Member10 March 2013 12:38:26

Thanks for the feedback guys.

I was thinking 4x4, after all this is Saudi Arabia . I heard people drive like maniacs in Jeddah so driving around in a small Yaris is a health hazard, no?

How much will a reliable, used Toyota cost?