Buying a car is no doubt a good investment, however, one important question most car buyers are faced with is “should I go for new cars or second hand cars Dubai price”. To answer this question squarely, there are certain things we have to put into consideration when making this decision and in this article, we are going to look into them.
- Depreciation rate
- New cars: When you purchase a brand new car, you are most likely going to be in a loss of up to 20% only on the first year. This is because new cars depreciate at an extremely fast rate and start to lose most of their market value the moment it’s driven out of the parking lot.
- Used cars: As for used cars, they depreciate at a much slower rate because the initial depreciation has already been experienced by the initial buyer. This makes buying second hand cars in Dubai a much more reliable investment in terms of resale value.
- Cost of ownership:
- New cars: We all know that new cars are generally more expensive than their previously used counterparts. However, maintaining them is quite easy and cheap which offsets the cost of ownership in the long run.
- Used cars: Despite being cheaper, some used cars may incur serious maintenance and repair costs over the years especially if they have not been well maintained by their previous owners. You can avoid such issues by buying your second hand cars from very reliable suppliers, a lot of which can be found on OneClickDrive.
- Warranty and Insurance:
- New cars: Most new cars come with manufacturers warranties which may cover for repairs over the next few years. This may provide you peace of mind and also reduce cost on repairs.
- Used cars: If the used car is not very old, it might still be under its manufacturer’s warranty, however, this is not the case with very old cars. When a car has been used for quite a long period of time, the warranty and insurance starts to wear off. But the good thing is, old cars generally have lower insurance so it might not even cost much.
- Technology and latest features:
- New cars: If you want the latest features and technology, new cars are your best bet as many of the models produced today come with advanced tech features and driver assistance systems.
- Used cars Used cars, especially older versions are quite simple and straightforward with little high tech features. But this doesn’t even mean that when you buy a used car you have to compromise on luxury as many premium options have well-maintained, high end features.
Conclusion
Deciding whether to buy a new car prices UAE or opt for a used one is quite a challenging decision to make. However, with this guide you should be able to narrow it down to your preference. If you are looking for the latest features with less maintenance, a new car might be your best fit if you can afford the initial cost. But if you wish to save money on the initial cost and avoid rapid depreciation while doing so, then it’s best to buy a second hand car in Dubai.
