By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: Dubai banking major, Dubizzle aim to simplify used car buying
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
Used Car

Dubai banking major, Dubizzle aim to simplify used car buying

Loknath Das
Last updated: 2020/02/19 at 10:54 AM
By Loknath Das 3 Min Read
Share
SHARE

Dubai banking major, Dubizzle aim to simplify used car buying

Launched in partnership with Dubizzle, the classifieds platform in the UAE, the Autoswap solution will enable car owners looking to sell their vehicles to complete the transaction without having to settle their existing loans.

Emirates NBD, Dubai’s biggest bank, has launched Autoswap, a first-of-its-kind auto loan buyout product that provides a hassle-free financing solution for individuals seeking to buy used cars.

Launched in partnership with Dubizzle, the classifieds platform in the UAE, the Autoswap solution will enable car owners looking to sell their vehicles to complete the transaction without having to settle their existing loans.

Sellers with outstanding loans can opt for this solution by using SellerAssist, a premium service offered by dubizzle pro which manages the entire selling process on behalf of the owner to help find the right buyer at the right price.

While the second-hand market makes car ownership more accessible, many sellers have an outstanding loan on their current vehicle that has to be cleared before the transfer of ownership can take place.

Dubizzle estimates that one in four customers find it difficult to settle their outstanding loans leading to inability to make the sale.

Suvo Sarkar, senior executive vice president and group head – Retail Banking and Wealth Management, Emirates NBD said: “Autoswap will offer peace of mind to car owners seeking a convenient way to sell and transfer ownership of their vehicles to prospective buyers without the hassle of having to settle the loan amount first. We anticipate this will go a long way towards solving one of the common challenges that car sellers and buyers face and boost the pre-owned vehicle marketplace in the UAE.”

Matthew Davidson, head of Motors Services for Dubizzle, added: “Autoswap marks an expansion to the scope of the existing partnership between Emirates NBD and Dubizzle… This is fantastic news for the industry as not only does it add an additional layer of trust and convenience, but it also opens up the second-hand car market to more people.”

[“source=arabianbusiness”]

You Might Also Like

How to successfully apply to outstanding UK universities

Maruti Suzuki to Launch Multiple Electric Vehicle Models in India Starting in 2025

Read Car Reviews of the Week:

GATE 2022 Admit Card Expected Soon; Official Website, Steps To Download

KTM Duke 250 vs Bajaj Pulsar N250 Go Head to Head in a Drag Race

TAGGED: Aim, Banking, Buying, Car, Dubai, Dubizzle, Major, Simplify, to, Used
Loknath Das February 19, 2020
Share
Previous Article Hero Motocorp aims to become ‘future of mobility’, invests ₹10,000 crore in R&D
Next Article Thai court to decide fate of Thanathorn’s Future Forward Party

Calendar

September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Jun    

Latest Trending News

  • Step by Step in Selling Your Car Online June 19, 2023
  • Why Use BMW Km Stopper? April 28, 2023
  • Strategies to Attract Qualified Truck Drivers and Retain Them Long-Term March 28, 2023
  • Rent a McLaren for Your Next Luxury Trip March 2, 2023
  • Qualities of Handicap Vehicles For Sale December 10, 2022
  • Characteristics of Electric Road Bikes October 13, 2022
  • The Advantages of Digital Marketing October 12, 2022

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?