Turkish president says the move is also aimed at increasing the amount of humanitarian aid entering Gaza
mena6 hours ago
The two major investment decisions in most people's lives are when deciding to buy a house or a car. Although, most Dubai residents would argue to add school tuition to the list, this piece focuses on your next car. With increased reasons for car replaceability, many consumers opt for used cars due to their significant cost advantages. So, what are the key pointers on your next used car search?
First and foremost, you need to know what suits you best. You can narrow down to 2-3 picks by estimating your budget, shortlisting your favourite brands, marking your favourite features and then browsing through online reviews and statistics. The harder next step though is actually finding a car of your liking in the right condition and at the right price. The search here can include:
* Used car showrooms in Al Aweer in Dubai or Al Haraj in Sharjah offer a variety of vehicles. Although costing a premium, they help with the paperwork and offer buyers peace of mind of taking the car back to the showroom in case any issue arises after purchase.The next step is to arrange for payment. As 60 to 70 per cent of personal car purchases are done through bank financing, it is a top consideration for most car buyers. In the UAE, banks will typically require a 20 per cent down payment and extend an auto loan over a maximum of 5 years with per annum interest rates of 3 to 5 per cent, depending on the customer's profile. The good news is you do not need to stick to one bank as you are not required to deposit your monthly income into the specific bank you opt to take a loan from.
* Traditional online marketplaces where you have the advantage of buying directly from the seller and avoiding dealer premiums. However, there are no guarantees on the condition, so be sure to get the car inspected and refer to online sources for navigating the paperwork.
* Finally, a more recent sales model in the UAE are marketplaces for pre-inspected used cars. Here you still purchase direct from the owners to avoid dealer premiums but get company assists in handling the paperwork and all the cars are pre-inspected, with their results warrantied and shared online.
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