QUOTE(ylashin @ Oct 12 2005, 14:36)
Hi Ashdal,
I am new to the forum. I am planning to buy a new car in the next month. I am very impressed about the specs you have worte about the VW pointer. But, there is something weird. Although the car seems to have a wonderful price/feature formula, i can not see much of it in Cairo streets

. Another issue, I will buy in installments, what is the best dealer I can buy from or they are all the same.
Thanks for sharing knowledge to guide the others
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Lashin..
I disagree with you about the Pointer lake of popularity, personally, I know 4 friends who bought it same time I was buying mine ( without prior agreement ! )
In the street I live, I can see 2 more Pointers ( red and silver ) beside my black one.
At work, I daily salute 3 Pointer ( gold, grey and silver ) parking beside mine

Besides, because of my job, I do many client visits daily, moving almost everywhere in Cairo, I used to see the Pointer and the Parati oftenly and they are getting more popular day by day.
As you said, the car is showing a nice price/specs formula... But it needs to have some guts for the Egyptian market to overcome the fear of German cars and their costy spare parts. ( People used to think about spare parts before buying the car because of the low quality cars introduced to the market to meet the price )
But you must keep in mind that you are riding a VW. German cars like VW, BMW, Mercedes...etc aren't like others, even if in spare parts. When you need to change a spare part you buy it once "relatively expensive" but you install it and forget it.
For the installements thing..
99% of installment dealers have CITI bank covering the deal, i.e 13% complex annual intrest of the total remaining amount. For example, if the remaining amount is 20K it becomes 20x1.13xnumber of years of installements
Personally, I don't recommend dealing with such high intrest rate because it elevates the car costs to a limit that makes u hate it after u finish the installements!

Also, some doubts about bank loans make me prefer to stay away from a car bought in a sinnful way! I don't want to die inside it! lol
However, if you insist for bank loans, go to Naser bank, the interest rate there averages to 7.5% and can stretch to 7 years.
The 1% not dealing with/like CITI bank is Contact Cars.
They buy cars then resell it to you with appropriate interest rate with reasonable guarentees presented from you.
I heard that some minor dealers/car agents follow the same way like Contact but you have to look for them yourself, I don't know any.
Hope I managed to help you...
By the way my name is Ashraf Adel or ashadel

-ashraf