The word is that second-hand cars have recently become very difficult to sell, and if you do get an offer, that prices are ridiculously low. There is, apparently, a glut of cars on the market due to lay-offs in the oil/gas industry.
We bought a new car 2 months after we arrived in Qatar. We spent 74,000QR (around £12,200 at the then exchange rate) on a base model Nissan Qashqai. Instead of buying, we could also have rented long-term or leased as many people do. Car rentals start around 1,500QR per month for a small hatch. A Nissan Qashqai like mine is listed at 3,295QR per month or £575 from one of Doha’s rental agencies.
We have always intended to stay in Qatar for at least 5 years. I have owned the Qashqai since December 2012. If we had rented a similar car I would have already paid out over 100,000QR. The longer we live here, the larger that cost will be.
Break-even point was after two years when I would have spent the same on rental as the original purchase, taking into account that I also have to pay for servicing and insurance… the difference is that I still have equity in the vehicle, even if it is slightly deflated by current over-supply.