What do you consider the most expensive thing to purchase other than home? You will definitely say it’s a car. People love to own cars, but it is not an easy deal to make, as new cars cost a fortune, so they need to think smartly before purchasing the car. They also have to manage their finances responsibly along with the installments of the vehicle. But thankfully you have another option to consider, which is buying an old or used car, to avoid the unnecessary expense.
Purchasing a new car will surely be expensive for your pocket but used cars come with a wide range of bargains where you find a fair deal. Having the ownership of a new car is associated with additional fees, subsequent costs, and depreciation. So, isn’t it better to spend on used cars? Also, sometimes owners of car sell their cars at a very low cost as they might be leaving UAE, for buyers looking for a great deal on second-hand cars this is a win-win situation. If you are confused between whether to buy a new car or looking for used cars for sale in UAE, then read the benefits of buying a used car before deciding it.
- Less Depreciation and Lower Price:
First thing is buying a new car will be heavy on your pocket. Secondly, once you buy a new car, from the very first day its value starts depreciating. This is why investing in a used car is a good deal. On the other hand, a used car can fit into your budget and you might get your desired luxury car at a very nominal price.
- Used Cars Comes with No Sales Tax:
Buying a new car means a heavy paying of sales tax. State laws put the sales tax on purchasing of a new car but there is no sales tax on buying of used cars. For instance, if you are going to deal in used cars for sale in UAE, then you have to pay no sales tax at all.
- Fewer Registration Fees:
The annual registration fee depends on the value of the car and the year of its model. The rate of the car falls with years.
- Extra Features on Lesser Price:
If you want any specific feature like a sunroof or navigation system in a used car then you’ll have to pay far less than the buyer of the new car.
- Lower Insurance Rate:
Insurance of vehicle is extremely important to provide a safeguard to the owner and the third party if any unfortunate thing happens both the owner & the third party will be benefitted by insurance claims. In the case of the car which has more value, the more money has to be spent on getting the insurance for the car. While the insurance of car can be done with a much lower rate in used cars.
Is it really worth to invest a lot in purchasing a new car, Think Again!
