Imagine cruising the roads of the United Arab Emirates (UAE) in a luxury car that didn’t cost you a fortune or finding a reliable vehicle that perfectly fits your budget. If that sounds like a dream, just wait until you finish reading this article and turn it into reality.
If you’re wondering how to buy a car in the UAE without breaking the bank, you’re in the right place. This guide will help you drive your money further with insider strategies you can apply to maximize value when purchasing a used vehicle.
The UAE Used Car Market: A Quick Background
The used car market in the UAE is booming. In 2021 alone, it was valued at a staggering USD 20.03 billion, and it’s only expected to keep growing.
There’s a good reason why so many people are jumping on the secondhand car bandwagon. With such a large expat population in the UAE, many folks prefer going for pre-owned cars. It just makes sense if you’re only planning to stick around for a little while or when you want to score some serious savings without sacrificing quality.
How to Get More Value for Your Money When Buying Used Cars
Getting ready to sign on the dotted line? Take a moment to read the following tips so you can drive your money further:
1. Conduct a Vehicle History Check
Before diving headfirst into purchasing a used car, you must first conduct a thorough vehicle history check.
The vehicle’s history plays a significant role in determining its value and reliability. By uncovering any past accidents or damages, you can make an informed decision about whether the car is worth the investment.
When you uncover critical information about its past, including any accidents, damages, or potential issues, you can avoid a problematic vehicle and steer clear of future headaches and expenses.
In the UAE, you can perform a vehicle history check through various government sources and online platforms. You’ll need the chassis number or Vehicle Identification Number (VIN) to get this information from the following websites:
Ministry of Interior (MOI): Input the chassis number into the MOI website. If there’s an accident history, the website will show you the location, date, time and report number of the incident.
Emirates Vehicle Gate (EVG): You can easily check a vehicle’s accident history through the EVG. The vehicle’s accident history report will give you the specific details of the accident, such as time, location and cause.
The Abu Dhabi Police: Use the chassis number to view a car’s background via the “Vehicle Accidents Inquiry” in their e-services portal.
Roads and Transport Authority (RTA): If you reside in Dubai, you can use a service offered by the RTA called the “Technical Vehicle Status Certificate.” Here, you can get a certificate indicating the used vehicle’s status, which covers the vehicle’s condition, history, and insurance.
2. Set a Budget
Setting a realistic budget is paramount when buying a used car in the UAE. Your budget should be based on your personal financial situation, taking into account factors like the following:
Monthly income
Expenses
Savings goals
Aim to keep your monthly car payment below 10 percent of your take-home pay to avoid financial strain.
Also, you should know that used car prices can vary depending on the vehicle’s age, make, model, and condition. Research average price ranges for different types of cars to determine a budget that aligns with your needs and preferences.
And don’t forget to factor in additional costs like fuel, insurance, and maintenance to get a comprehensive view of your overall expenses.
3. Choose the Right Seller
When it comes to maximizing the value you get, who you buy the car from is as crucial as the vehicle itself.
Explore different seller options, including dealerships, private sellers, and online platforms. Each option has its pros and cons, so weigh them carefully based on your preferences and priorities.
Research sellers thoroughly to identify reputable ones with positive reviews and ratings. Look for indicators of credibility and customer satisfaction, such as testimonials from previous buyers.
As much as possible, choose sellers who prioritize transparency in pricing and transactions. Avoid dealerships or sellers who engage in deceptive practices or withhold essential information about the vehicle’s history or condition.
It will also be best to buy from sellers with stellar after-sales support services, such as maintenance, repairs, and warranties. Seek out those with comprehensive support and assistance throughout the ownership experience.
4. Inspect the Vehicle
Before finalizing your purchase, be sure to inspect the vehicle thoroughly. Here are the things you should look for during the inspection process:
Exterior: Watch out for any signs of damage, rust, or mismatched paint, which could indicate previous repairs or accidents.
Interior: Inspect the interior for cleanliness, functionality, and signs of wear and tear. Test features like the air conditioning, audio system, and electronic components to ensure they’re in working order.
Engine and Mechanical Components: Examine the engine for leaks, unusual noises, or warning signs that could indicate mechanical issues. Test drive the car to verify its performance and handling on the road.
Tires and Suspension: Check the tires for wear and tear, uneven tread, or alignment issues. Inspect the suspension system for signs of malfunction or damage.
Vehicle Specifications: Confirm the vehicle’s specifications, including its production year, trim level, and optional features, to ensure they match the seller’s description.
Consider taling to a trusted mechanic to perform a professional inspection for added peace of mind.
5. Learn to Negotiate a Better Deal
Negotiating the price of a used car can help you get a better deal and save money. To get a better deal, try these tips for effective negotiation:
Research the car’s market value and compare prices from different sellers. Armed with this information, you’ll better understand a fair price range to negotiate from.
Leverage any issues or discrepancies found during the inspection process as leverage during negotiations. Point out any necessary repairs or maintenance tasks that may affect the car’s value and use them to negotiate a lower price.
Be assertive but respectful during the negotiation process. Clearly communicate your budget, expectations, and priorities to the seller, and don’t be afraid to walk away if the terms aren’t favorable.
Drive Your Money Further
Conduct thorough checks, set a realistic budget, choose reputable sellers, inspect diligently, and negotiate wisely. With these insights, you can maximize value and make a confident purchase that drives your money further.
