An intelligent answer would be that it depends on your stay. If you’re going to stay for a few months, there’s no point in buying a car. But if you’re staying longer, owning a car should be a good choice financially.
After settling in Dubai and getting your affairs in order, the next decision is whether to buy a car or get the cheapest rent a car in Karama Dubai. Some ex-pats advise renting a car during your stay, but is this financially beneficial? This article will compare both buying and renting a car in Dubai and leave the choice to you on which one you prefer.
Buying a Car in Dubai
There are various options available for ex-pats looking to buy a car in Dubai. Ex-pats mostly prefer Japanese and American models due to their high re-sale value and popularity among the ex-pats. You can find them at reasonable prices, certainly lower than in Europe and America, since there’s no tax on vehicles in Dubai.
German cars are also a great choice for those looking for a durable and high-quality option. You can also avail discounts and perks if you buy a vehicle during event periods.
One major con of buying a car is that you are solely responsible for the car’s upkeep. When the warranty expires, you must bear the cost of long-term car maintenance. The cost varies according to the car model and make. You will have to pay for registration, insurance, fuel, and maintenance. If you intend to purchase a new car, the registration process should be handled by the car dealer.
Renting a Car in Dubai
If you plan to stay in Dubai for a short period of time, renting a car may be a viable option. It saves you money on things like registration fees and maintenance. Most leasing companies provide free maintenance or the option of exchanging the vehicle if something goes wrong with it. Furthermore, some contracts include comprehensive insurance coverage.
It provides the same level of convenience as owning a car. You can drive wherever you want without having to worry about car insurance, damages, or depreciation losses. But with perks also come problems. Renting a car in Dubai can be quite expensive. This is why most expats prefer to buy a car rather than rent one. You also don’t have the option of customizing the vehicle to your liking.
In Dubai, renting a car costs about $24 per day. There are various car rental services in Dubai, each with its own set of rates and plans.