The Costs Involved In Owning a Car in the UAE
March 19, 2021
What Expenses Can You Expect as a Car Owner in UAE?
Comparing with other countries of the globe, buying a car in the UAE is somewhat cheaper and its fuel charges too are very low. There is lesser up upfront and monthly costs. However this cost may vary depending upon the make and model of the car you buy. For instance, if you buy new Toyota Corolla, it will cost you around $51000 per year inclusive the costs of maintenance, registration fees, fuel charges and insurance charges. The biggest plus of buying a car here is that all Car Parts in UAE are aplenty.
Owning a car is cherishing wish of every citizen. If you are living in the UAE, you are the luckiest. Its mesmerizing destinations have something for adrenaline junkies, history buffs, nature lovers and sport seekers. Cars of every hue are on the roads of the UAE and all car parts are available here aplenty. It is the scenic paradise included in the visitor’s itinerary. It goes without saying that owning a car is a sort of proud as well as need. Can anyone think of living in the vast stretches of the UAE without a car? Certainly answer will be no. you cannot carry out your day to day personal and business deals without a car.
How to Proceed With Car Buying In The UAE?
For buying, mostly people like to know about the procedure a cost of buying a car. It is repeatedly asked by the customers about the budget involved in it. The first thing in this context is that you must have a visa of the UAE to buy a car. Furthermore there should be a driver license with you. If you are not having a driving license, you will go to the police station and explain the reasons of getting a car and seeking the permission. Expats should be very careful in buying a car and fulfill all the desired requirements.
Cost Breakup for a Car in The UAE
In the UAE, you will find many new and used car dealerships for buying a car. As new expats are consistently coming to the UAE due to alluring policies for professionals and businessmen, the private car sellers are increasing obviously. Surely, fuel charges are not too high here and keeping a car does not dig deep into your pocket.
You have to have done the maximum research before making final deal of a car. You should go through the service history of a car, you intend to buy. Accompany some expert with you. Always buy car with Gulf specs for comfortable and affordable maintenance of air conditioning, gearbox cooling and engine maintenance.
In so far as the cost involved in owning a car in the UAE, this cost various form make and model as prices are associated with the facilities provided and luxuries there in. However, on the average, you have to incur AED- 85,000 for a brand new car. Other expenses are involved on its maintenance like fuel AED 1.71 per litre and recurring costs of licensing and registration (year) is AED 500. Likewise insurance cost of year is AED 2400. It should also be born in mind that if you are expat, then you may need to sale this car anytime. But you will never get its price of anew but this price will be depreciated by 20%. Maintenance cost also includes the cost of Auto Spare Parts which is no doubt an absolute must have for you.
Ascertain To Get Best Car Deal
Needless to say that most liked models of cars are a little bit pricier than the others. But if you are not a novice buyer, then can convince the dealers for giving you one year service warranty and insurance. But more often than not, expats are not familiar these deals and remain deprived of such convincing facilities for lowering price deal. To boost this car deal, dealers have certain bank on their network and extend their expertise of car financing for your car deal.
It should be kept in mind that bouncing cheque is a heinous crime in the UAE. So you must be very careful in this regard. Always make care to have purchase within the available budget. Better to have your own research of bank financing and get information from your own bank, may be you get better package from it.
In so far as depreciate rates in the UAE are concerned, these vary from 20% to 30%. You should never expect to sell now this car close to the price of purchase. The best way to avoid uncertainties in this context is that you must be familiar with the depreciation rules. You can discuss before making a purchase with some of your good friends. In this way you can get good deal of information from them. Focus always on best make and model cars whose used spare parts are easily available.
Make Sure You Have Sufficient Car Financing
You must adhere to some basic rules before going towards car purchase. First of all have proper research to choose the best make and model of your choice. In this way you can compare and contrast the prices. Then see the dealers list working in your vicinities. Compare also this private dealership list. Ascertain the finance availability and if needed get the services of some bank. After purchasing the car, the important task is to get it registered and insured. And if you are buying a used car, then a buying certificate must be had. Now you can have a terrific ride with purchased car with all ease and comfort.
There is no denying that Car Buying is hugely an expensive financial commitment. So everyone pays a specific heed towards this important task so as to save his hard earned money. Expats have to pass through some strict procedure to own a car. No doubt public transport is available in the UAE but it does not cut your mustard completely. This results into dire need of a car. Beware of potential scams also.