Used Car or New Car: Decide whether you want to buy a pre-owned car or a brand new car. There is an equal number of pros and cons in both cases.
- New cars are provided on high benefits like several packages and free maintenance vouchers whereas on a used car, these additional benefits might have expired long back.
- New cars are definitely a peace of mind as they are unused, there are no chances of sudden breakdowns for the first few years.
- You can get a used car for affordable rates. Even though dealers provide offers on new cars, the final price would be high when compared to the pre owned cars. There are few used car showrooms as well to purchase pre owned cars where the rates can be negotiated.
- Be it an used car or new car, financing is not an issue in UAE. There are several banks providing car loan options for used and new cars if the documents are perfect.
Purpose of purchase: Note the purpose of purchase. Are you going to use it frequently or occasionally? How long are you going to drive per day? If you are going to use it frequently for a long or short distance then consider the one that gives good mileage and doesn’t cost you much on the fuel.
Family size: If you are part of a small family with 1-4 members then a 5 seater would be efficient. If you are more than 5 members then definitely you need to consider an SUV.
Do proper research about Auto Loans in UAE and consider all the aspects then you will be clear about your choices