The Cost of Owning a Forthing Friday in the UAE
Published On, Sep 29, 2024 | By YaaraCars Team
The Forthing Friday is a well-rounded SUV that has made its mark in the UAE market with its practicality, modern features, and affordable pricing. Owning a car involves more than just paying the initial sticker price; it comes with various recurring expenses that every prospective owner should consider. In this blog post, we will break down the cost of owning a Forthing Friday in the UAE, including initial purchase, fuel, maintenance, insurance, and other related costs.
Initial Purchase Price
The Forthing Friday aims to lure SUV buyers with a stylish option in the UAE. The new car prices for Forthing Friday typically ranges between AED 145,000 and AED 155,000, depending on the trim level and optional features. For those looking to finance the vehicle, many dealerships and financial institutions in the UAE offer competitive finance deals. With a 20 percent down payment and a loan tenure of up to 5 years, monthly payments can range from AED 1,000 to AED 1,500, depending on the chosen financing terms. Evaluating different offers will help prospective buyers find the best deal for their budget.
Insurance Costs
In the UAE, car insurance is mandatory, and there are two primary types to consider: Third-Party Liability Insurance and Comprehensive Insurance.
Third-Party Liability Insurance: This is the minimum requirement by law in the UAE. It covers damages to other people’s property or injuries caused by your vehicle. For the Forthing Friday, the annual premium for third-party liability insurance is approximately AED 1,000 to AED 1,500.
Comprehensive Insurance: This type of insurance provides more extensive coverage, including damage to your own vehicle in case of accidents, fire, or theft, along with third-party liabilities. The cost of comprehensive insurance for a Forthing Friday is from AED 2,500 to AED 4,000 per year, depending on your driving history, age, and coverage options.
Fuel Costs
The Forthing Friday is equipped with an efficient electric motor, which makes it an economical choice for daily commutes and long drives. The vehicle is powered by an 85.9Kwh motor which offers a driving range of over 630 kilometres. Further, the vehicle offers L2+ level assistance system. The driving range can vary based on driving habits, traffic conditions, and whether the car is driven primarily on highways or in urban areas.
Maintenance and Servicing Costs
Regular maintenance and servicing are key to keeping the Forthing Friday in good working condition. Like all EV vehicles, the Forthing Friday has a recommended service schedule.
Major Service: A major service, which is required every 30,000 to 40,000 kilometers, involves more extensive checks and replacement of key components like brake pads. The cost for a major service can be between AED 1,200 to AED 1,800.
Many dealerships in the UAE also offer service packages when purchasing the car, which can help reduce long-term maintenance costs. Additionally, the Forthing Friday usually comes with a warranty of up to 5 years or 100,000 kilometres, covering many repairs during the warranty period.
Salik Tolls: If you frequently drive in and around Dubai, the Salik toll system will add to your monthly costs. The toll fees vary based on usage, but an average driver can expect to spend AED 100 to AED 200 per month on Salik charges.
Parking and Miscellaneous Costs: Depending on where you live or work, parking charges may also add to your monthly expenses. Many malls and public areas in the UAE have free parking, but residential areas or private parking spots might come with additional fees. It's also important to consider expenses like car washes and occasional part replacements, which can total around AED 500 to AED 1,000 annually.
Conclusion: Is the Forthing Friday Worth the Investment?
Owning a Forthing Friday in the UAE offers a mix of affordability, practicality, and modern features. When considering the total cost of ownership, including the initial purchase price, insurance, fuel, maintenance, and other expenses, the annual cost of owning a Forthing Friday can range from AED 15,000 to AED 20,000, depending on individual driving habits and the chosen insurance plan.
The Forthing Friday is a great option for those seeking an affordable SUV with good fuel efficiency and practical features. It is crucial to consider all ownership costs to ensure the vehicle fits your budget while providing value for your needs.