Depending on where you live in the world, buying a car can be a daunting process or simply checking boxes at the dealership. In Dubai, most residents are opting for the lease-and-sell model to own a car without having to pay upfront costs. This doesn’t mean that it’s not possible to save money and buy your own vehicle. There are ways to save on tax and choose the best deal when buying a car in Dubai. You just need to know where to look for information and how best to negotiate as well as plan ahead for what you need from your next car.
How to buy a car in Dubai: Don’t forget to haggle
In Dubai, one of the most important tips when buying a car is to haggle as it’s simply expected. Even if you’ve decided to lease your car, you can still haggle on price. There are often a number of price tags on the car, depending on what the salesman decides to put there. You’ll find that in most cases, there is room to make the price lower. This can be done by simply saying another price or simply waiting for the salesman to come back to you with another price. Haggling is not simply done on the price of the car; it can be done on the services the dealership offers. Some of the most common extras offered include the car’s insurance and maintenance plan. While these services can be helpful, they come with a hefty price tag. Before you sign the dotted line, make sure you’re not being charged for services you don’t need.
How to buy a car in Dubai: Research your car of choice
When buying a car, you should make sure you’re choosing a model that will last. Because you’ll be making payments on the car, you’ll need to make sure the model is reliable enough to not break down. You should also take into account the Dubai weather and the different conditions your car will be subjected to. Once you’ve found a few models that you’d like to consider, you can use Dubai’s automotive website to compare the differences between each model. Make sure you don’t rule out used cars as they can provide many of the same features as new cars at a much cheaper price.
How to buy a car in Dubai: Check what taxes are included in the price
In Dubai, there are a number of taxes that are added to the price of a car. One of these is the car registration fee, which is $37.33 per year. You’ll also be responsible for paying annual car insurance, which will be a minimum of $400 per year. Depending on how much coverage you need, you may find that paying the minimum insurance is not enough to cover your car if something were to happen. There are also a number of other taxes and fees that need to be factored into the price of your car. These include the sales tax, which is around 10% and the Dubai customs fee, which is $300 on average for a new car. Make sure you know what these taxes are and what they’re for so you know exactly how much your car will cost you.
How to buy a car in Dubai: Find out how much you can pay in cash up front
If you’ve decided to buy your car outright, you may be wondering how much cash you should put down. You should put down at least 25% of the total price of the car in cash if you want a decent interest rate when financing your car. If you don’t have the cash up front, you can finance the car and make monthly payments that will be added to the car’s value. This will mean that you’ll be paying more in the long run, but it’s the only option if you don’t have cash to put down. Most dealerships will let you finance the car for up to 10 years on an interest rate of 7.5%. The higher the down payment, the lower the interest rate will be.
Buying a car can be a daunting experience, but it doesn’t have to be. Make sure you know exactly what you want from your next car. You can then use this list of tips to make sure you get the best deal possible and make the experience as easy as possible.
Car buying specialists are your best bet when you want to sell your car fast for a fair price. At Sell Your Motors we pride ourselves for being transparent and completing the whole car buying process in only 30 minutes!