Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Automobile


When the time comes to purchase new cars in UAE, you have a plethora of choices available to you. This crucial decision can drastically modify your finances over the next few years.


Reputed car reseller companies such as CarSwitch are of great assistance in these matters. Let's weigh the pros and cons of purchasing a used car versus a brand new car.


Advantages of a Used Car

The biggest merit of purchasing a used vehicle is that you let the previous owner take the massive depreciation hit on the car. You might be able to sell your vehicle for nearly the same amount you paid for it in the near future. It's possible to still find good finance options through your local bank. Since you aren't losing much money on depreciation, you can probably score a zero interest loan that you'd take on a new vehicle.

When you purchase a used car, it's relatively easier to save up and pay cash. It is also possible to review the Consumer Reports and choose a variant that has been ranked on the top. 

Another merit is that depending on the variant, the insurance rates can be lower on a used vehicle as opposed to a new one.


Disadvantages of a Used Car

The biggest demerit of getting a used vehicle is that it may not be as dependable or you might have to spend more on repairs to maintain it. However, you do have the option of purchasing a Certified Pre-Owned car through credible companies like CarSwitch. As technology has evolved, vehicles have become more reliable and many models do not require repairs until they have done over 100,000 kilometres and are close to ten years in age. Additionally, you can sell it for a price very similar to what you purchased it for. You might want to set aside a little bit of funds each month to pay for car repairs that may arise.

Another disadvantage of purchasing a used car is that you might not get the colour or variant that you wanted. When looking for a used car, you need to be quite flexible and patient as you hunt for the right car.


Advantages of a New Car

The advantage of purchasing a new car is that you are getting a car that usually comes with the manufacturer's warranty. Most new vehicles will have very limited repairs in the first few years, so the prime focus is only on the maintenance of the vehicle. The auto dealership might also offer finance loans at a lower interest rate, which can reduce the total sum of interest you pay over the tenure of the loan.

Another advantage is that the new cars will be equipped with the latest technology, which means that you may find cars with lower emissions and a better gas mileage. You might be able to purchase a hybrid and reduce the amount spent on commutation each month.


Disadvantages of a New Car

The biggest demerit of getting a new car is that it loses value as soon as you drive it off the parking lot. A brand new car takes its biggest depreciation hit in two to three years. This usually means that you are throwing away a huge fortune that you will never see again. Financially, it is not smart to buy a new car unless you have money you are willing to lose.

Another demerit is if you purchase a car that is a new variant, there are chances of it being upgraded in a year or so. If you buy pre owned you can avoid that issue.


Everyone has to decide what the best option is for themselves. Regardless of what you decide you should ensure that buying the car won't put too much burden on your finances.  Not only do you have to pick the make and model of your car, it's also essential to decide if you want to buy new or used cars in UAE. You should also do ample research to make sure that the model you select is reliable and performs well.

Posted by : GoDubai Editorial Team
Viewed 2080 times
Posted on : Tuesday, August 6, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Express Auto Wash offers festive deals during Eid Al Adha
Next Story : Aston Martin Vantage Gt3 Clinches First Title at Brands Hatch
Email this article Print this article

Share this article with your friends and followers


Back to Top  
Most Viewed Press Release posted in the last 7 days
Inventive, Futuristic and Daring Translucent is a Distinguished Milestone for Police.
Introducing Lunette: A Tool to Empower Women
Show your Nanny some love and treat them to a Complimentary Haircut throughout A...
Corum Golden Bridge Titane DLC - black beauty for the man of style
Same Favourite Fragrance, New Innovative Products From the Ritual of Karma
Robinsons Showcases Malone Souliers' Stunning New Collection for Pre-Fall 19
Tazio Nuvolari Vanderbilt Cup
Aesop's Parsley Seed Skin Priming Regimen
Dubai Delivers on Tourist Volumes Again, With a Strong 8.36 Million Overnight Vi...
Marks & Spencer Unveils Its Autumn 2019 Kidswear Collection
GEMS Education students shine with excellent A-Level examination results
Ferragamo Urban - 2019 Fall/Winter Collection
Scafograf Black Sheep - unconventionally exceptional
Autumn / Winter 2019-20 Men's and Women's Sneakers Collection
Corum Admiral Legend 42-Icon ahead
Exceptional Playtime with Soundcore Vortex
GUESS - The Perfect Tote
Sandro: The Power Suit
The Nordic Hall of the Heros is Open for Business - Aston Martin Valkyrie and Va...
Al Ain Hospital doctors save young girl from 2.5 cm pin in her lungs
Hormann announces speed rolling shutter DD S6
Second Week of “Health & Tourism 2019” Campaign Witnesses Remarkable Participati...
Ralph Lauren Debuts “Wear Your Story” Denim Campaign
The future of photography and videography is in Canon's hands, with five 2019 EI...
Get 50 per cent off back-to-school essentials at Dragon Mart
Acclaimed Coin Collector to Pay Homage to UAE with Rare Coin Collection at ‘Year...
Jaguar I-pace: Redefining What It Means to Be a ‘CAR'
Forecasting Mesmerising Sea Views and Exotic Seafood at Gonu
Rock Chic Edit with GUESS
Modular Sofa's by Boconcept
Kachins Couture 5 Ways to Personalise Your Suit Style
Spare a thought for abandoned cats today – International Cat Day!
Sheikh Mohammed bin Rashid Centre for Islamic Culture launches a comprehensive e...
Dubai Tourism Partners With Ary to Invite Audiences to Discover the Emirate With...
Marks & Spencer Celebrates the Success of its First Ever Vegan-Friendly Line – P...
Desigual's Fall/ Winter 2019 Collection
Business Lunch With an African Twist
British Orchard Nursery collaborates with Department of Finance to open its 22nd...
Abu Dhabi Airports completes preparations for the return of Hajj pilgrims
Etisalat C&WS and Sparkle pioneer in enabling 5G Roaming Globally
Indian Film Actress Tamannaah Bhatia inaugurated 26th showroom of Malabar Gold &...
SriLankan Airlines welcomes free visa on arrival facility to 48 countries
Making History: the Aston Martin Db4 Gt Zagato Continuation Programme is Handcra...
Saxo Bank completes acquisition of BinckBank
Bentley Motors Celebrates Centenary at Monterey Car Week
Ajman Free Zone signs MoU with Dubai Insurance Company
G-SHOCK GA-2000 with Carbon Core Guard Complements New Urban Outdoor Lifestyle'
UK: The power of credit impulse at work
Ras Al Khaimah International Airport Announces New Foreign Exchange Partnership ...
Marks & Spencer Reveals Its Autumn 2019 Womenswear Collection