Due to increasing affordability of cars among the younger workforce and hassles of public transportation, UAE’s automotive sector is recording a steady growth of 10 per cent per year – a figure which is much higher than in other global markets. This means each year more and more people will be buying cars for the first time.
Since purchasing a car is one of the biggest investments, considerable knowledge and experience are required to be successful. This article provides 8 useful tips for first time car buyers.
New or old?
Before you set out to look for available options, you need to decide whether to buy a new or an old car. This can be done by identifying precisely what your needs are. If you require a sedan essentially for getting to the office and back home, then a well-maintained used car is a good option. If it’s otherwise, such as the entire family using it for various purposes, then a new car will be more reliable.
The best time to buy
Ramadan is usually considered the best month in UAE (and also other Middle Eastern countries) to purchase a car because all dealers come out with lots of attractive offers. Take advantage of these deals and you will be able to cut down a major portion of your budget. Since Ramadan is already gone, check out local dealers to find out what’s in store for you. Recently, auto dealers in UAE are offering plenty of deals and prizes.
Determine your budget
Determining a budget is essential to narrowing down your search to fewer cars. However, the budget is usually a rough estimate because a car often costs much more than it is tagged for, especially when you are buying it for the first time.
Financing woes
First time buyers usually don’t have the capital to purchase a new car in cash and mostly rely on loans. Do a search on Motoraty and talk to reputable banks to find a good deal. Remember, you are usually required to establish your stable disposable income and job security to qualify for a long-term loan.
These are some of the car loans in UAE.
Use internet for your good
Internet today is one of the best places to thoroughly read about cars and know the pros and cons of every model. Prop up your laptop whenever you are free and browse Motoraty to look for cars you are most interested in. We list all the cars along with their reviews for your convenience.
Get a used car inspected
Booking an appointment with a local mechanic is a great idea because mechanics are more capable of providing detailed examination on safety, mechanical and overall condition of the car. First time buyers usually have very little information about vehicles, so this should be one of their first priorities.
Brace yourself for extra expenses
Car buying is not just about paying the price once (or monthly, in case of instalments) but any vehicle brings with it a lot of expenses. Fuel expenditure aside, there will be insurance fees, maintenance costs, road taxes and many other unexpected charges arising out of nowhere.
Buying a reliable car with better fuel economy can help you cut down on these extra expenses.
Don’t rush
Car buying is a business nobody will recommend you to rush through. Take your time visiting dealers, researching online and calculating honestly if you can manage your household budget after it’s inducted with a car.
People suggest men to approach a car as they would approach a stranger woman they find attractive. That careful and hesitant attitude works great with the car business!
Happy buying first time car buyers!