Cars...

[Lostintranslation]

Gosh I know this is a dodgy topic but thought may as well try.

Hubby has decided he does not like it here (He is very used to UK/Europe unlike moi) and refuses to buy a new car here as he claims it is a depreciating asset and he doesnt want to lose any more money in Egypt (unexpected aspects of our move)

So my question is, would it be impossible to buy a used car or is renting/leasing a car for the next year or 2 an option.

Anyone have any experience that could help? I know all about the dodgy unreliable car traders...just wondering if it is impossible!

[Goddess]

Cars don't lose as much value as cars in the UK seem to, where you spend thousands and end up selling for hundreds after a few years. Cars of 10 years old are still able to bring in almost as much as brand new cars.

A good place to check out approximate used car values is AlWaseet.
http://www.ewaseet.com/index.php?country_id=EG

At least then you could have an idea of how much different makes of cars sell for, and could compare them to brand new ones by popping into a showroom.
No idea how much leasing costs - but would have thought it would still have been steep - and would in effect be even more money down the loo.
If you bought a car outright, either second hand or new - you'd still get a big lump of money back on selling it.

[Lostintranslation]

Thanks will check that out. I see what your saying butwhen we see the style of driving or the brand new BMWs with scratches or dents it hurts him lol (He is a very careful driver;)) his logic for having a used car is that we pay less overall and wont care about the state its in by the end...

[Ebikatsu]

You can buy used cars here easily but they are expensive, but don't depreciate so you won't lose much when you sell.

Why not just hire a driver. I take it your hubby is not Egyptian and mad then at driving

You know most ex pats have drivers. Very few actually drive themselves

[Glyphdoctor]

Cars depreciate? That doesn't happen here. Even a 1964 Volkwagen Beetle goes for 15000LE here. In the US you could get a newer model Mercedes for half that!

[LivinginLuxor]

I agree - there is really no second hand car market here. When I first let it be known that I wanted a car, I was offered a 10 year old Toyota Corolla for 50,000LE and when I had stopped laughing, the owner said "Well, I paid over 100,000 for it, so it's a fair price"!

[Glyphdoctor]

Now that has me laughing! I think probably in the long run that will change though with the reduction in tariffs on new cars especially and the increase in the number of cars on the market. 5 years ago you almost couldn't find a used car for less than 35k now you even see some for 10k or 15k so the prices have come down.

[Goddess]

Now that has me laughing! I think probably in the long run that will change though with the reduction in tariffs on new cars especially and the increase in the number of cars on the market. 5 years ago you almost couldn't find a used car for less than 35k now you even see some for 10k or 15k so the prices have come down.

I heard that the tariffs were supposed to be dropping drastically come January. Has anyone else heard this?

[Ebikatsu]

I think it's maybe more to do with the plan to get all the old cars off the roads.

Just opposite Hyperone up from the Police HQ is a huge compound with thousands upon thousands of old black and white taxi's all piled on top of each other. Maybe 3 or 4 high. You can see it from the road.

It seems they go there as part exchange for the new ones.

Anything over 20 years apparently will not be able to be re registered, so they are having to manufacture more cars and offer loans to the taxi drivers, so prices will come down I expect for normal cars.