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Comparison: Buying a Car vs Renting a Car

Life feels so much more comfortable when you have a car by your side. Taxis and other forms of public transport are quite expensive and can easily burn a hole in your pocket. Whether you are a tourist staying for a few days or a resident of this city, having a car is a necessity. People often find it difficult to decide whether they should purchase or rent a car in Dubai. Tourists always find it convenient to hire a car, but locals and expats get confused. Here are a few pros and cons of both options which will help you make a more informed decision.

How to Make a Right Choice between Buying and Renting a Car in Dubai

Installments and Down Payments

You need a huge sum of money in order to buy a car. It depends on your savings whether you can purchase a decent vehicle or not. If you do not have enough money for a down payment, you will not be able to get a good vehicle. Rental car companies in Dubai offer even luxury vehicles for affordable daily and monthly rates. A Ferrari 488 for 3000 AED per day is not too expensive, is it?

Variety of Options

You will get plenty of options when you hire a car in Dubai. There are several companies that offer luxury vehicles, SUVs, compact automobiles and economic cars for rent. This option is not available when you decide to buy a vehicle of your own. Moreover, you cannot upgrade the model easily as it takes a lot of money to buy a new car.

Time Limitation

Monthly car rental services are the best option when you have to stay for a few weeks or months. It is a waste of money if you purchase a car for 3-4-month period. You can easily rent a car of your dreams for this time period without spending a hefty amount.

Pros and Cons Buying a Car vs Renting a Car in Dubai

Additional Charges

You have to pay several extra charges such as registration fees, maintenance cost, and insurance coverage when you purchase a vehicle. All these things are covered by car rental companies when you hire from them. This will help you to save a huge sum of money in the long-run.

Devaluation

When you purchase an automobile, you have to bear the extra cost of depreciation. The latest model of your favorite brand will be of lesser value after one or two years. However, you can drive the upgraded model and change it whenever you want if you choose a car rental option.

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