Dubai is one of the top tourist destinations and a good choice among expatriates looking for a new place to live in. It is known for its high standard of living, lavish lifestyle of its residents, world-class architecture, incredible entertainment, enormous shopping malls, immaculate resorts and lastly, its mind-blowing range of luxury cars for motorists to enjoy.
Residents and visitors can indulge their most outrageous desire for the latest luxury car models by looking for used luxury car dealers, high-end cars for sale, or even second-hand luxury cars here at the most progressive, expensive city in the gulf. With subsidized fuel prices and well-organized traffic law, you can consider purchasing that dream car of yours.
Question is, how to finance a car in Dubai and what are the options available for you? Let us break down several options for you to consider.
First, secure a car loan. This is probably the most convenient and obvious choice to finance a car. To do this, you must first understand how car loans work in the UAE. Each bank has its own requirements and criteria on approving a car loan, so make sure to inquire from your chosen banks and know your options. Keep in mind that you also have to consider the interest rate and your credit score.
The second option is leasing. This is very practical and the best choice especially if you don’t intend to stay in the country for too long, or if you are a businessman who just visits the UAE from time to time. It will also save you from hefty down payments, insurance, and registration. You just have to be wary of some maintenance cost that goes with leasing agreements. If you’re up for this, you can visit a trusted car rental franchises and set up either a short or long-term lease up to 36 months.
Lastly, if you have enough savings or funds, go get your dream car in cash. This is still your best bet if you are residing here and cautious of bank loans and interests that come with it.
The Elite Cars have both brand new and pre-owned luxury cars for sale for you to check out. They ensure extensive quality testing on pre-owned cars that they have available. Their knowledgeable and multilingual sales team can also assist you in acquiring your dream luxury car from start to finish. With flexible finance plans, insurance options, registration support, up to 5 years of warranty and up to 4 years of service contract, plus the top vehicle brands at attractive prices, you’ll surely get the best value for your money.
Visit The Elite Cars showrooms in Dubai and Abu Dhabi and don’t miss out on amazing deals for your dream luxury drive.