Jun 27, 2017
Leasing A Car In Dubai
Leasing a car in Dubai
can seems like an attractive option because your monthly payments are generally much lower than if you buy. Also, at the end of the lease, you may choose to purchase the car, or you can simply return it to the dealer with no further commitment (after paying any applicable fees). Basically, leasing
allows you to drive a new car every few years, which can save substantially in repairs and maintenance.
Moreover, lease payments are so much cheaper than loan payments, since you would be essentially "renting" the vehicle. Lease payments go towards covering the car's depreciation during the period you are driving it, along with its taxes and other fees. On the other hand, loan payments are paying the car's entire purchase price, along with interest charges, fees and taxes. You may choose to lease if you need the lower payment, or if you simply prefer to drive newer cars with up-to-date features.
If you decide to return the car at the end of the lease, you do not have to worry about it any longer. It would be the dealer's responsibility to figure out how to resell it, which is especially useful if the vehicle has declined greatly in value. Since there are many variables that go into calculating a lease payment, the dealer has great flexibility in arranging a lease payment you can afford. However, you may have to put more money down or agree to a longer lease term.
Whereas, when it comes to renting a car, you should be aware that it should be for a short period of time. Facilities and offers on renting exist, especially during the low season when the renting range is low in Dubai. You can get a car, and benefit from it to cruise around all the locations in Dubai, and at the lowest possible rate.
As a conclusion, if you’re a tourist visiting a certain country for a specific period of time, or if you already own a car that’s being fixed for example and you need to get to your rides, then its preferable to rent a car. Whereas, if you’re planning to be up-to-date in a constant location, its much better if you consider leasing a car in Dubai