Should You Choose to Lease a Car Rather Than Buying One
It requires a huge amount to make an addition of a brand-new car to the family, hence, you must consider all the options and choose wisely. Leasing a car is like renting an apartment. You need to pay out the amount in small installments and return the car when the agreement ends, without any stress of reselling. Leasing a car results in getting a new car every three to four years. However, when you purchase a car you are required to pay a large amount along with heavy sales taxes. But once you are done with paying, you have the ownership of the car, giving you the authority to do whatever you want to do.
There are many elements due to which it seems like renting a cheap car in Dubai from a reliable agency is a favorable option than buying one. Let's dig in deeper.
If you don't have an adequate amount of bank balance to buy a new car, have a fixed monthly income and a tight budget. In such a situation, you should choose to lease a car in Dubai, as you would be required to make lower monthly payments until the end of the contract.
If you cruise below 10,000 to 15,000 miles per year, then leasing is the right choice for you. In a lease contract, there is a fixed mileage that you can drive per year. If you exceed the mileage limit, then you have to pay the additional cost for every extra mile. However, you can increase the mileage limit in the contract by paying some extra amount.
You must lease a car if you are a person who loves to upgrade cars every few years. Leasing gives you access to the latest cars with up-to-date technology and security system. However, if you get an emotional attachment with a car and can't handover the car back to the dealer, then you should consider buying a car.
Leasing is not for you if you are a rough driver who is bound to get in an accident and get the car damaged. As per the leasing contract, you are asked to return the car in the same condition as it was given to you. Wear and tear fee are charged, it may come as a surprisingly hefty payment.
Either leasing or buying a car while residing in Dubai, it all depends upon you! Buying a car seems inexpensive in the long term, but in the short term, leasing a car will let you make some savings as many rental cars offer cheap cars Dubai rent. Consider your financial status, personal priority, and expectations from the car, before coming to any conclusion.