Dubai has a robust and diverse automotive market which is gradually witnessing a shift towards the used cars sector. This is mainly as a result of the unique benefits that buyers enjoy when looking for used cars for sale in Dubai. It is also a reflection of the reliability and cost effectiveness of used cars against new ones. Although some buyers, especially new ones, are tempted to always go for new vehicles due to their latest features, it has been proven time and again that used cars offer several advantages especially when it comes to resale value, affordability, and long term reliability. Here, we are going to discuss how used cars often outperform new ones in Dubai’s automotive resale market.
- The economic advantages of choosing used cars in Dubai: Buying a car is often seen as a long term investment but that aim is sometimes defeated due to the steep depreciation of BMW Prices Dubai. On average, a new car loses over 20% of its value only in the first year of purchase and even more after. Therefore, if for any reason you decide to sell your new vehicle after buying it, even though you’re selling just a year later, you are bound to experience significant loss. However, being that used cars have already gone through the steepest part of their depreciation, they tend to have a more stable depreciation, making them a good investment in the long run especially for those who wish to resell or upgrade to a higher model.
- High demand and rapid turnover of used cars: Over 75% of people living in Dubai are not real citizens but expats from other countries who come here for work, business or tourism purposes. Most of these expats would rather buy second hand vehicles to avoid the significant cost and commitment associated with new ones as they know a used vehicle can be easily resold after some time without incurring much loss if any.
- Diverse selection of quality vehicles available: The used car market in Dubai is filled with high quality vehicles that have only been used for a few years by expats and still retain much of their original value, performance, and features. This gives you the privilege of buying a used car with the same quality of a new one without spending as much money as the first buyer.
- Luxury at a fraction of the price: Dubai has high affinity for luxury cars as they blend perfectly with the city’s luxurious nature. Although luxury cars are quite expensive hence and not very easy to purchase, with the rise of several used car markets like OneClickDrive, you can get a luxury vehicle for a fraction of its original price and enjoy its high end specifications, mileage and unmatched driving experience.
Conclusion
Investing in a used vehicle has proven to be a smarter decision than a new one especially if you are an expat in Dubai. This is because, as an expat, emergencies could arise when you need to cover urgent expenses, upgrade to a better vehicle, or prepare for a move out of the city and used cars offer the best resale value.
