Abandoned Luxury Cars

Sep 16 2015

Abandoned Luxury Cars

Talking about First World Problems…

Australian cities suffer from traffic jams, crazy property prices and cities like Dubai have other problems: high end sports cars being abandoned and left to gather thick layers of dust at airport car parks and on the roadside across the city.

High end luxury cars including Porsches, Ferraris and Mercedes Benz have been abandoned on the streets of Dubai and Abu Dhabi and left at airport parking lots.

Owners affected by the effects of the global financial crises and plunging oil prices and inflated costs of living fleeing bankruptcy leaving their cars behind. Under Sharia law, the failure to pay back debt is a criminal offence with offenders facing the risk of prison.

Business Insider notes: “Many took out big loans to finance flashy cars to keep up with their peers. But when things slowed down they have struggled to make repayments and have fallen into debt. Foreigners and locals have been caught out alike.”

According to Gulf News, between 2000-3000 cars are abandoned every year in Dubai. A warning notice is first issued and if the owner fails to appear after 15 days the car is impounded and auctioned off for a fraction of their original price. Most impounded vehicles however are never reclaimed, with hundreds of cars auctioned off each year.

So why not bag a bargain on your next visit to Dubai?





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