Imagine having so much money you can afford to just ditch your $1.65 million Ferrari Enzo, or abandon your $100k BMW, Porsche or Range rover? CoolMaterial.com reports on the state of thousands of abandoned luxury cars, left to rot...in the desert.
Sure, Dubai isn't considered the definition of financial restraint. It's very much a "go big or go home" mentality when it comes to extravagant material things. From skyscrapers to luxury cars, the bigger and more expensive, the better. There are approximately 2.1 million people living in Dubai.
In one year over 3,000 luxury vehicles were abandoned in Dubai. In ONE year!
[W]hen expats fled the nation to escape debts after the economy crashed. One such vehicle was a limited edition Ferrari Enzo, worth more than $1.65 million. Others include $100K Range Rovers, Porches, BMWs and Mercedes.Photographs show them covered in dust and sand, sometimes haphazardly protected with tarps. Under Sharia law, non-payment of debt is a criminal offense, and foreigners have been prevented from leaving the Emirates for missing a single credit card payment or bouncing a check. But according to Business Insider, it's not just expats fleeing financial repercussions. Locals bought cars they couldn't afford, and then struggled to make the payments. On the plus side, bargain hunters have gotten some insane deals on the cars when they're re-sold at rock-bottom prices at police auctions.