Owning a New Car in Dubai as an Expat


OWNING A NEW CAR IN DUBAI AS AN EXPAT

Among the UAE people it has become a trend when it comes to owning a car in Dubai. There has been great hike in the evolution of cars in this oil-rich country due to the cheaper rates compared to US and UK. When comes to petrol it is highly subsidized and vehicle servicing is easier and affordable.
Expats who own a car are usually tent to purchase an exotic model than what they prefer for daily use. Whether to use it as normal ride or sake of its brand, luxury or passion, owing a car in UAE is most convenient on the roads.

Which car to buy?

Answer to this question is mostly personal and it will vary from person to person, it may vary from their income levels and their lifestyle.
In Dubai, 4x4s are most popularly seen on the roads. Most people find SUVs the best to drive in UAE. These cars have high driving positions, safe when it comes to sudden unfortunate crash, and it is perfect to have a ride on sands specially in the UAE. These cars are ideal when it comes to driving on beach or desert sands to load your car and set yourself on an adventure.
On the other side it takes lots of space to park, it consumes lot of petrol compared to other sedan vehicles. Takes longer time to stop when it’s in high speed, it also need higher driving position and needs extra care when packing up.
Sedan (small vehicles) on the other hand, is the most comfortable and contributes very well in flamboyant car culture in Dubai. If you are thinking of normal cars you need to think “wild” that you may never dream of. If can provide extra bit of money then your option for cars is unlimited: you could go for Dodge charger the most powerful car, the ford mustang, beautiful Mercedes coupe or the corvette the fastest of all and the list is incredible.

Things to consider before buying your new car

If you are planning to buy your new set of wheel here are some things you need to think before buying your dream car:

1.Resale value: The resale value of the car reputation defers from the local market value of the car. Most of the expats change their car several times during their stay in Dubai, this has to be considered. There are several car companies which are well known in Dubai they are Toyota, BMW, Honda, Nissan, Porsche and Ford these car company values fluctuate sometimes they hold their value for some period of time and will re-sell for their competitive price.

2.Good deals to shop around: Even though the car companies are pricier, most of the car dealers persuade to give best deals which include service warranty periods (100,000 km worth of servicing or 3years deal etc). Insurance package for several years and more .There are lots of dealers in Dubai so you can get promotions or offers for what you are looking at or close to what you are in search of.

3.Why not got the older model: The same car you’re looking at, on popular brands, buying a older model can fetch you an awesome deals compared to the latest once coming up. Instead of searching for new unsold cars why not just a year older car. You may be able to find better deal on slightly older car instead of grabbing the new car and it may cost you less.

4.Car dealers: According to the Sole Agency law of UAE stipulates that there must be one dealer for a car manufacturer, If your heart is set for a particular car, deal with the same manufacturer for any issues like warranty issues. If you choose to get your car servicing done from elsewhere but it will negate warranty. The above mention law will be applicable so different dealer will have varied automobile manufacturers.

5.Financing for your car: Most of us get loan to buy a car you have always dreamt of but if you are lucky enough you will be able to afford a car on cash payment. But of the people take loan and own a car. There are two different types of loans available: bank loan which means bank owns the car until the loan amount is paid off. The other one is personal loan means you own the car, it has higher interest rate than a car loan which will be obtained through some car dealers who work with particular banks to obtain help. Your bank will mention and provide you with better loan options, do little homework on your financing options.

6.Documents required for buying a car
The valid documents required to buy a car in Dubai are a UAE residence visa, valid driving license, passport and valid insurance document. If car`s financial details are through bank or loan company, salary certificate or letter from your employer and detailed bank statements are also required.

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