Lease to own cars, also known as rent to own cars is a service from car rental companies in UAE, where you can rent a car for a period of 1-3 years and the car will be registered in your name at the end of the 2-year lease period. Mostly the cars available are used cars, but not very old, usually in 1-2 year old cars.
This is especially useful for people who rent cars and do not wish to go for a bank loan to buy a car outright. Some people may not have sufficient salaries to take a loan, but are already renting a car. In such cases, rent to own cars can help in getting ownership of the car while renting it.
Some of the car rental companies that offer lease to own cars in Dubai are:
The terms of lease to own cars differ with each company. But the basics remain the same:
- Make a down payment, sign the lease documents and drive the car
- Complete the lease payments as per the contract (1,2 or 3 years)
- Register the car in your name
Below table shows the latest price list for Lease to Own cars from Quick Lease.
MODEL | 2 YEARS PRICE | DOWN-PAYMENT | MONTHLY INSTALLMENTS | INSURANCE 4.5% | PAI | VMD | REGISTRATION | SALIK TAG | SECURITY DEPOSIT | TOTAL |
---|---|---|---|---|---|---|---|---|---|---|
FIESTA 2015 | 36800 | 3680 | 1380 | 1656 | 240 | 720 | 690 | 50 | 1500 | 9916 |
PICANTO 2017 | 40400 | 4040 | 1515 | 1818 | 240 | 720 | 690 | 50 | 1500 | 10573 |
SENTRA 2016 | 41600 | 4160 | 1560 | 1872 | 240 | 720 | 690 | 50 | 1500 | 10792 |
ECOSPORT 2015 | 44000 | 4400 | 1650 | 1980 | 240 | 720 | 690 | 50 | 1500 | 11230 |
YARIS HATCHBACK 2017 | 48800 | 4880 | 1830 | 2196 | 240 | 720 | 690 | 50 | 1500 | 12106 |
COROLLA 2016 | 50000 | 5000 | 1875 | 2250 | 240 | 720 | 690 | 50 | 1500 | 12325 |
SPARK 2019 | 51200 | 5120 | 1920 | 2304 | 240 | 720 | 690 | 50 | 1500 | 12544 |
MAZDA 3 2016 | 51200 | 5120 | 1920 | 2304 | 240 | 720 | 690 | 50 | 1500 | 12544 |
YARIS SEDAN 2017 | 51200 | 5120 | 1920 | 2304 | 240 | 720 | 690 | 50 | 1500 | 12544 |
SONATA 2016 | 53600 | 5360 | 2010 | 2412 | 240 | 720 | 690 | 50 | 1500 | 12982 |
SUNNY 2017 | 53600 | 5360 | 2010 | 2412 | 240 | 720 | 690 | 50 | 1500 | 12982 |
FUSION 2015 | 56000 | 5600 | 2100 | 2520 | 240 | 720 | 690 | 50 | 1500 | 13420 |
MAZDA 3 2017 | 56000 | 5600 | 2100 | 2520 | 240 | 720 | 690 | 50 | 1500 | 13420 |
SENTRA SV 2017 | 56000 | 5600 | 2100 | 2520 | 240 | 720 | 690 | 50 | 1500 | 13420 |
SUNNY 2018 | 58400 | 5840 | 2190 | 2628 | 240 | 720 | 690 | 50 | 1500 | 13858 |
MICRA 2019 | 59600 | 5960 | 2235 | 2682 | 240 | 720 | 690 | 50 | 1500 | 14077 |
SPORTAGE 2016 | 62000 | 6200 | 2325 | 2790 | 240 | 720 | 690 | 50 | 1500 | 14515 |
ACCENT 2019 | 63200 | 6320 | 2370 | 2844 | 240 | 720 | 690 | 50 | 1500 | 14734 |
MAZDA 3 2018 | 64400 | 6440 | 2415 | 2898 | 240 | 720 | 690 | 50 | 1500 | 14953 |
SUNNY 2019 | 64400 | 6440 | 2415 | 2898 | 240 | 720 | 690 | 50 | 1500 | 14953 |
MAZDA 6 2017 | 68000 | 6800 | 2550 | 3060 | 240 | 720 | 690 | 50 | 1500 | 15610 |
MAZDA CX3 2018 | 68000 | 6800 | 2550 | 3060 | 240 | 720 | 690 | 50 | 1500 | 15610 |
TUCSON 2016 | 70400 | 7040 | 2640 | 3168 | 240 | 720 | 690 | 50 | 1500 | 16048 |
KICKS 2018 | 72800 | 7280 | 2730 | 3276 | 240 | 720 | 690 | 50 | 1500 | 16486 |
SPORTAGE 2017 | 74000 | 7400 | 2775 | 3330 | 240 | 720 | 690 | 50 | 1500 | 16705 |
MAZDA 3 2019 | 74000 | 7400 | 2775 | 3330 | 240 | 720 | 690 | 50 | 1500 | 16705 |
ELANTRA 2019 | 75200 | 7520 | 2820 | 3384 | 240 | 720 | 690 | 50 | 1500 | 16924 |
CRETA 2019 | 76400 | 7640 | 2865 | 3438 | 240 | 720 | 690 | 50 | 1500 | 17143 |
MAZDA 6 2018 | 77600 | 7760 | 2910 | 3492 | 240 | 720 | 690 | 50 | 1500 | 17362 |
KICKS 2018 FULL OPTION | 77600 | 7760 | 2910 | 3492 | 240 | 720 | 690 | 50 | 1500 | 17362 |
FORD EXPLORER 2015 | 80000 | 8000 | 3000 | 3600 | 240 | 720 | 690 | 50 | 1500 | 17800 |
TUCSON 2018 | 80000 | 8000 | 3000 | 3600 | 240 | 720 | 690 | 50 | 1500 | 17800 |
SPORTAGE 2018 | 80000 | 8000 | 3000 | 3600 | 240 | 720 | 690 | 50 | 1500 | 17800 |
MAZDA CX5 2017 | 86000 | 8600 | 3225 | 3870 | 240 | 720 | 690 | 50 | 1500 | 18895 |
SONATA 2019 | 95600 | 9560 | 3585 | 4302 | 240 | 720 | 690 | 50 | 1500 | 20647 |
TUCSON 2019 | 96800 | 9680 | 3630 | 4356 | 240 | 720 | 690 | 50 | 1500 | 20866 |
CAYENNE GTS 2018 | 320000 | 32000 | 12000 | 14400 | 240 | 720 | 690 | 50 | 1500 | 61600 |