Investing in a used car rather than a new one is a prudent decision given that you will be spending much less on it while also avoiding the steep initial depreciation in its value. While the most obvious benefit of investing in a used cars in the UAE is saving money, buying a used car also has other benefits and we introduce you to a few below.
Why buying a used car in the UAE is a prudent decision
1. Lower depreciation rate
Used cars depreciate slower than new cars. The value of a new car depreciates by 20% as soon as it leaves the showroom and continues to depreciate further for the first two years. This means that if you plan to sell your car two years after you buy it you will receive a much lower price. There will be a big difference between the amount you paid for your vehicle and the amount you receive on its sale. However, when you sell a pre-owned car, you get a price much closer to what you paid.
2. You can own a luxury car at lower prices
Buying a used car is extremely cost-effective. A used car may just be a couple of years old, But you will be able to buy it at a much lower price than when it was new. This is because of the rapid depreciation factor for new cars that we discussed in the previous point. Besides, private sellers may want to sell their cars quickly to relocate elsewhere and you may be able to negotiate and get such vehicles at a much cheaper price.
3. Wide variety of choice
The pre-owned cars is huge with a wide variety of options and choices in brands and models. Due to the high demand for used cars, numerous private sellers and manufacturers are meeting the supply needs.
4. Reliability of used cars
Used cars in the UAE are extremely reliable due to the rigorous inspections and tests the car has to go through before being sold. The UAE government too has strict regulations regarding the sale of used cars. Besides it is possible to buy a used car with a service contract and an extended warranty which are extremely beneficial when repairs and replacements are required.
5. Reduce the possibility of buying a defective used car
Due to easy access to car history reports, buyers can purchase a used car in the UAE without having to worry about defects or damage that the vehicle may have. Besides, if the used car you buy has a warranty in place you will also get access to its service and repairs history. Checking the service history of a vehicle is not difficult. With the vehicle’s VIN, you can find its history online on the official Ministry of Interior website or EVG website in the UAE.
We have just mentioned a few of the benefits Of buying a used car in the UAE.
Ensure you perform adequate research, check the car well, and take it for a test drive before finalizing your used car purchase in the UAE.
AUTO LEVEL: A RELIABLE USED CAR DEALERSHIP IN THE UAE
We are Auto Level, UAE’s reliable and renowned new and used car dealership. You can buy both GCC and non-GCC cars from us. Our cars are extremely reliable Due to the many tests and inspections carried out by our professional technicians. We have all the necessary paperwork ready for our used cars. If you plan to used vehicle avail of our hassle-free car buying experience. Just give us a call at 80053835 to schedule your test drive today!