The UAE houses some of the richest men in the world From established businessmen to wealthy Arab princes, they have all invested in properties here. With the accumulation of real estate properties, luxury cars, owning expensive brands, and much more, they own enormous amounts of wealth.
The UAE marketplace is amongst the best ones in the world in nearly every category. However, since the pandemic, scenarios have significantly evolved. There are many industries that have suffered a serious blow, while some have flourished across the emirate. The Automobile Industry is amongst the latter!
Here’s a look at how pre-owned cars have become a more suitable option for consumers:
It Saves You Money
With the pandemic in place and inflation rising, car prices have escalated quickly. When rich people can still afford to buy brand new luxury cars, things might be different for middle-income people. In such scenarios, pre-owned cars become a better option.
According to a survey conducted, used cars are almost 50% cheaper than buying a brand new car. These are also able to save you some financing options and a lot easier to switch from one car to another. Consumers buying used cars tend to switch more than the ones buying brand new cars.
Depreciation Has Already Started
The moment you purchase a car and drive off, depreciation starts. With every passing week, month, and year, the depreciation continues and prices keep on falling. When buying a used car, the bulk of its depreciation has already happened, thereby reducing its price worth.
In addition to this, when a new model enters the car market, prices change too. Consumers tend to buy used cars that are few models behind, the bulk of depreciation paid off, and less price. The car continues to perform well but the price value becomes more affordable.
Reduced Customization Costs
Buying a new car means paying for the price of the car and the additional costs that come along. These include the title and registration costs, sales tax, dealer fees, warranties and maintenance charges, and much more. However, with a pre-owned car, you will skip the hassle of paying all these costs as they have already been paid off.
In addition to this, used cars still have part of their warranties in place. This will save you from the trouble of paying the car technicians, the repair and maintenance costs that can occur during car use.
These can apparently look like chunks of amount, but when accumulated, can become a big sum. With a pre-owned car, these amounts will also add to your savings.
Quality- At An Affordable Price
Some pre-owned cars are certified, thus offering the promised quality at a much affordable price. Certified cars have been inspected, refurbished and certified by the manufacturer or the concerned authority. These have extended warranties, special financing and other such benefits. together, these all bring more paybacks than a new car.
Therefore, when buying a car, one should try to look beyond the visible attractions. Durability, longevity and other benefits contribute to making your choice more real and sustainable.
