Who doesn’t love to roam in different luxury cars? Seeing luxury cars on the roads of Dubai is common but the question is how do people afford luxury cars in the emirate.
Having a luxury car in Dubai is simple and affordable because the emirate has wonderful policies and clear roads. A tax-free paycheck, safe road conditions, and simple financing are just a few of the elements that help.
Why does Dubai have so many luxury cars?
Owning a Bugatti, Ferrari, Lamborghini, or Porsche may appear to be a pipe dream for some, but it is easier than you may think in Dubai. We’ll look at why there are so many luxury automobiles in the emirate and how so many individuals can afford them in this guide. Continue reading!
Used luxury cars are available
It goes without saying that the cost of a used luxury automobile is lower than that of a new one. In the UAE, brand new luxury automobiles are often pricey, and their value depreciates by 15% to 20% after the first year of ownership. As a result, individuals in Dubai may acquire old automobiles at a reasonable cost and alter them according to their demands and budget.
Abundant car rental options
You will be surprised to know that there are many high-end cars available for rent in Dubai quite easily. For example, it won’t be hard for you to find Lamborghini rental in Dubai packages. Other cars manufactured by top brands are also easily available.
Easily available car loans
In Dubai, how do people afford supercars? The solution is straightforward. The procedure of purchasing a premium vehicle is simple. Several banks in Dubai provide automobile loans with low-interest rates and a three to five-year payback term.
Insurance is reasonably cheap
In Dubai, third-party automobile insurance is required yet inexpensive. The UAE offers inexpensive insurance premiums when compared to other countries. A premium car’s insurance, on the other hand, maybe more expensive than that of a conventional SUV.
Taxes are cheap
In the UAE, there is currently no income tax, only 5% VAT is charged on certain items. As a result, you own all you earn. This is why people here have more purchasing power.
Easy to maintain
In Dubai, maintaining a luxury car is simple and inexpensive. Dubai’s decent roads and low insurance contribute to the simple maintenance. In addition, as an oil-producing country, Also, the emirate’s gasoline expenses are comparatively low, which is great news for luxury and sports vehicle owners. We all know that the majority of these vehicles are gas guzzlers. As a result, any situation in which a person may possess such a machine for a low cost of gasoline is always appreciated. In addition, Dubai is home to a slew of supercar garages dedicated just to premium vehicles. It’s always nice to buy a car knowing that there’s a mechanic on hand to fix any mechanical issues that emerge.
Abandoned luxury cars are found
Every year, over 3,000 supercars are abandoned by their owners in Dubai, and the Dubai Police auctions them off. The reasons for abandoning these automobiles might range from bankruptcy to impoundment to leaving the country. These abandoned automobiles are usually auctioned off to dealers, who sell them for a fraction of the price of new or used cars.
Good deals on cars
Unlike most other countries, where it seems like you have to pay an arm and a leg just to get inside a sports vehicle, Dubai has some really good luxury car bargains. Not only can you buy them at low prices compared to other nations, but there are also several automobile rental options in Dubai. When it comes to sports cars and luxury automobiles, renting is usually preferable since it gives you more alternatives while putting less financial strain on you. All insurance, service, and registration needs are met by car rentals in Dubai, so all you have to do is pay the rental money and drive away in your ideal automobile! Additionally, these deals are flexible.
Inexpensive fuel
When compared to other nations, the UAE’s petrol costs are likewise fairly reasonable. As a result, when individuals decide to buy supercars in Dubai, it is not a major consideration. You may also charge your electric car for free at DEWA electric charging stations if you have one.
Minimum risk of car theft
One of the main reasons for Dubai’s low auto theft and the crime rate is its strict regulations and procedures. As a result, residents of Dubai do not have to worry about their fancy automobiles being stolen or damaged.
Wrapping Up!
Now you know how many people in Dubai can afford a luxury car. Car enthusiasts who have dreamed of these vehicles their entire lives may achieve their dreams in Dubai by renting or purchasing a luxury vehicle. If you are opting for the latter choice, contact One Click Drive. It is one of the top-rated car rental agencies in the emirate.