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5 Things to Keep in Mind When Buying a Luxury Car in Dubai

Personal_Finance / Motoring Sep 20, 2018 - 06:12 PM GMT

By: Justin_Weinger

Personal_Finance

Dubai is one of the posh cities where you would find luxury cars of various brands taking stroll on the lavish streets. Well, this can be quite exciting and also thought-provoking at the same time. What are the procedures that are required to buy a luxury car in Dubai and what are the things to be kept on mind when you are investing in a luxury car while you are in Dubai.


People buy luxury cars because of the following reasons:

  • Status quotient

Most of the people would love to invest in luxury cars because they want to match their lifestyle with their neighbors or colleagues. While some people incline towards luxury, some of them would want to show-off their status. This can be one of the major reasons for people to buy luxury cars along with Car Insurance Online Dubai.

  • Investment

Some of you looking to buy a car in Dubai as an investment, you would need a financial advisor’s help to get tax benefits. Buying luxury cars along with the Car Insurance Online Dubai can be one of the best ways to make an investment.

  • Technology

A few of them would fall for the technology used in the luxury cars. The design elements, the advanced technology, the color, the speed and the range of the cars can thrill a few people to a greater extent. This can be one of the driving factors for people to invest in luxury cars.

  • Brand

Some people would be extremely passionate about having a car of great luxury and of a very particular brand for various reasons. They could either be fanatic for the technology, the design or the cost of the cars which a brand would manufacture. Also, a few people would invest in the cars because of the speed and also the mileage it offers.

  • Passion

Passion can be one of the driving factors for people to end up buying a luxury car. Some people would simply want to add to their collection of cars and they do not mind investing in them. Hence, passion can make people invest in some of the world-class cars. Everyone is crazy for one or the other and the same implies to car collections as well.

Buying these luxury cars can be quite easy but the 5 Things to Keep in Mind When Buying a Luxury Car in Dubai is a must. We have listed them below for your benefits. Take a read through them and find out the importance of these 5 things all by yourself.

  • Cost on the insurance

The first and the foremost thing you need to know before owning any car in Dubai let alone the luxury cars is to have car insurance. Without your car being insured by some of the renowned car insurance companies by paying quite a huge amount you would not be allowed to take your beast outside. At times, be prepared to pay an annual premium on the insurance which is almost equivalent to the price of the car itself. 

  • Check for the Residual Value Rating

When you know and have access to the Residual Value Rating of the car you would be able to get a clear picture about the retention value, actual price and also the quality of the vehicle. When you have access to Residual Value Rating you would also gain insights about the vehicle’s consistency and durability.

  • Utility of the vehicle

When you are planning to invest in a luxury car along with Car Insurance Online Dubai, you need to first check the use of this vehicle? Dubai is surrounded with beautiful desert and you need to buy a car which not only enables you to zoom across the hi-tech streets but also fits into the desert drive as well.

When you are driving to work, you would certainly be using the smooth roads but over a weekend, it is very important to take your vehicle out on some wild drive. Hence, you need to always buy a vehicle which is suitable for the region where you are placed at. It has to meet all the requirements easily and should be the best of breed as well. This is one of the most important things which you should be checking when you are buying a luxury car in Dubai.

  • Warranty on the vehicle

When you have a luxury car with premium insurance you need to also ensure that there is an extended warranty on the service. You need to also make sure that the repairs and the maintenance cost are covered as part of the warranty. Also, remember to get a warranty for the aesthetics as well and this should include the protection against rust, powertrain of the car, re-paint cost etc. When you have an extended car warranty it can be quite useful to you.

  • Economical

It’s quite known that the fuel price in Dubai is way too cheaper when compared to the other parts of the world. But, that does not mean that you end up wasting it unnecessarily. As a luxury car owner, you should also be aware that these vehicles do consume more fuel than the ordinary vehicles. Hence, it becomes your responsibility to check for fuel economical cars with advanced technologies. These cars may be specific to certain brands hence, it is very important to do a thorough research on this aspect before you invest in the car of your choice.

Well, these are some of the things that have to be kept in mind when you are buying luxury cars in Dubai because investing in these cars is certainly not a matter of joke. Hence, before taking any hasty decisions you need to ensure to check for every single thing.

You need to have a thorough analysis done before choosing a luxury car of your choice. By checking all these things you would certainly be able to make the right choice.

By Justin Weinger

© 2018 Copyright Justin Weinger - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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