Q: Are second-hand cars cheaper?

Second-hand cars are almost always cheaper than first-hand , but several factors must be evaluated prior to purchase. Available data indicate that new cars in Dubai depreciate at a rate of around 20% within the first year, and 15% to 20% more for every year after.

Question 1

How much does it cost to buy a car in Dubai?

Accepted Answer

The cost of buying a car in the city averages around AED85,000 for a new car, in addition to registration fees of approximately AED400 or more.

Question 2

How much does car insurance cost?

Accepted Answer

Car insurance costs vary depending on the car and insurance provider, but typically start around AED2,400.

Question 3

Are second-hand cars cheaper?

Accepted Answer

Second-hand cars are almost always cheaper than first-hand, but several factors must be evaluated prior to purchase. Available data indicate that new cars in Dubai depreciate at a rate of around 20% within the first year, and 15% to 20% more for every year after.

Question 4

Can I get a bank offer or loan to buy a car in Dubai?

Accepted Answer

Getting a car using a bank loan is a popular option in Dubai. Most banks will finance 80% of the car’s value, and payment options differ based on bank, car model and year, and the age of the car if it is used. Banks may require the applicant to prove a minimum salary for a certain period of time to provide approval.

Driving in Dubai: a comprehensive guide