President overturns UAE old car ban
The soon-to-be-implemented rule banning 20-year-old cars in the Emirates was overturned today by none other than Sheikh Khalifa, president of the UAE. It is just as well, considering the economic problems that are setting in, and new car purchases are the first thing that went down.
The move will bring relief to those who can’t afford a car newer than ten years old. Of course, the ministry that came up with the law says that it has only been postponed, as they figure out how to implement this rule in a better way. Either way, values of hundreds of thousands of used cars approaching the 10-year mark have already hit the gutter.