UAE monthly car rentals accelerate as drivers switch to leasing

(Al-Bawaba)- Car rental companies say more commuters are leasing cars on a monthly basis after changes to UAE lending rules made it harder to buy a vehicle.

A growing expatriate population and shortage of Japanese models have also been cited by rental companies as reasons for the increase in short-term leases.

Hertz, the world's largest car rental company, reported a 15 percent increase in rentals across the Emirates last month compared with June last year. Read more here…