Al Fahim Group to unveil auto leasing company

ABU DHABI — Abu Dhabi-based business conglomerate Al Fahim Group is launching an auto leasing company within next couple of weeks, a company official said.

By Staff Reporter

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Published: Mon 19 Jun 2006, 11:07 AM

Last updated: Sat 4 Apr 2015, 3:25 PM

"We can not disclose the details of the company at the moment. But the auto leasing company will focus on the tremendous financing opportunities available in the ever growing automobile sector of the country", Richard Siemicki CEO Al Fahim Group said while speaking to reporters, at the inauguration of company's new second hand car showroom. He said that Autorama showroom concept is first of its kind in the region, where automobile would be sold after 100 vehicle point inspection; verification that body or frame is not damaged; vehicle history report certificate is made available. "We will also issue one year warranty and after sales service to confirm that the car being sold is reliable", he said.

Siemicki said that at present customer purchase second hand cars on as and where basis, which brings so many problems with it also. "You never know whether the car is stolen, or the mileage is reversed which is a common handicap in this sort of business and the selling showroom will not take any responsibility of it," the CEO said.

He said that it is where role of Autorama showroom comes in, as it will carry out all necessary investigations and inspections for the customer for no extra charges.

Siemicki said that at present over 100,000 brand new automobiles are sold in the UAE market, while more or less same is the size of second-hand cars changing ownership, which speaks of the huge potential market for the new concept Al Fahim Group has introduced to get popularity among masses.

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