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 >>


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 2983 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
Move Aside C-beauty, K-beauty and J-beauty - There's a New Trend in Town and It...
Autumn/Winter 19: Step out in the latest styles with City Centre Deira and City ...
Think LUNETTE for an earth-friendly period
Restoration by Parmigiani Fleurier -The Yusupov Egg
ACE launches its new and inspirational Outdoor collection
Chain Reaction
Dress for Diwali With the Rack by Kachins
Sandro Launches Evening Capsule Collection
‘A Gift of Gold' offers at Malabar Gold & Diamonds
Celebrate guilt-free shopping to your fullest!
VAIO returns to Middle Eastern in partnership with Nexstgo
Eighth World Championship title in all categories for Tissot Ambassador Marc Marquez
His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum Challenges the Cit...
Handbags and Gladrags
Unifonic empowers business to capitalize on instant messaging apps to engage wit...
A new model for the ladies enriches the Corum AC-One collection with luscious fe...
New Strategic Partnership with Hewlett Packard Enterprise to help accelerate Abu...
Saudi Arabia's Ministry of Energy highlights enhanced cybersecurity credentials ...
The S Hotel Al Barsha reveals five new food and beverage offerings
Hazzaa AlMansoori Undergoes Medical Experiments at Stars City as part of His Sci...
Saif bin Zayed unveils first floating Smart Police Station
Dubai Land Department welcomes Saudi Minister of Housing
Save the Children Jordan launches TREE program “Transforming Refugee Education t...
During a press conference to announce the completion of preparations of Summit t...
Sofas for Lavish Lounging from 2XL Furniture & Home Decor
Enjoy Smoother Skin with the current obsession from PMD - The Personal Microderm...
Team Abu Dhabi Stars Chase Double World Title Boost in China
Cambridge Assessment English witnesses a huge demand for OET (Occupational Engli...
Microsoft introduces team-empowering Surface Hub 2S to UAE market at GITEX Techn...
Energize & Refresh Your Skin With the Foreo Luna 2 for Men
Caparol Paints completes two decades of success, innovation and sustainability i...
GITEX hosts global AI expert, international CEOs and honours retail, smart city ...
Aquaplex with an eye on the future expansion of Specification sales, launches ne...
Leading public, private sector organisations line up to sponsor World Tolerance ...
Halloween Celebrations at Le Meridien Dubai Hotel and Conference Centre
Ajman Opens the Largest Private Academic Hospital in the Region
du, Nokia & SRTIP Sign a Strategic teaming Agreement to Bring Sharjah's Knowledg...
Dubai Cares unveils ground-breaking Early Childhood Development (ECD) solutions ...
Hazzaa AlMansoori reveals post flight details in a press conference
HE Hamad Obaid AlMansoori: Hazzaa has shown excellent health condition
Focus Softnet Launches its Artificial Intelligence Platform - AIFA at GITEX 2019
Hazzaa AlMansoori's return to the UAE is scheduled for Saturday 12th October
du, NXN, & TELUS Health Collaborate to Optimise the UAE Healthcare Sector
Nesma collaborates with Hytera for IoT-enabled mission critical communication te...
From Dubai Police's floating police station to Etisalat's Lazareth Flying Motorc...
Dubai's LIFEPharma signs historic agreement with Apotex Inc., the largest produc...
Alarming rise of breast cancer figures in UAE sees Bareen International Hospital...
UPS and SAP Exhibit Latest Collaboration on Sustainable Logistics Technology at ...
The Outerwear Edit
Nokia smartphone roll out of Android 10 begins: