Every individual wants to own a car as a status symbol. Buying a car and managing your finances well is a difficult task. While buying a car, there are various choices available with the buyer, which model of the car to buy, whether he/she should by a new car or buy an old car. This important decision can have a great impact on your finances.
The new car gets an overpriced sticker on it, various amount of costs, depreciation and the cost of EMIs which makes it an expensive choice. On the other hand, used car helps in eliminating the various irrelevant costs and less amount of depreciation will be borne by the owner. One can easily SELL USED CAR DUBAI, as there is so much of craze among the people to own a car and have a feel of luxury.
Various advantages of buying an old car are as follows:
Less depreciation and lower price tag:New car loses a large amount in its value just after driving it off the showroom. The original buyer would lose that amount as a depreciation where as the second buyer can save the same amount. You can buy a used luxury car for much lesser amount.
Saving amount of sales tax:Buying a new car attracts sales tax, where as buying an old car whether from a dealer or the original owner helps in saving the amount of sales tax. You should not underestimate the small amount of savings.
Lower registration fees:Registration fees on a new car is more as compared to used car. The amount of registration fees falls after the 3 years and then levels off after 5 years.
Add-on features for zero cost:New car buyers get add-ons for a lesser cost from the after- market, as car dealers charge heavy for these. But these add-ons do not add any value at the time of resale of car. While buying used car you get these add-ons without paying any extra amount. Some extra add-ons that you want in your car, you can get them added in used car at lower price.
Negotiable:You cannot negotiate much with the dealers selling new cars, they add a lot of fees and charges. There is a large negotiation available with the used car owners or dealers selling used cars, they do not add any irrelevant costs and fees, as charged while buying new cars.
Condition:You can get used car in perfect shape from the pre-owned certified used cars and from manufacturer’s dealership, as they have inspected the vehicle and have fixed all the problems of the car and made it scratch free. They also offer you with extended warranties which further insure you against any mechanical problems you may face in future.
All the above benefits you can get by buying a used car and can save your hard-earned money by eliminating the heavy registration fees. There is availability of BEST USED CARS FOR SALE IN DUBAI which can help you in saving your money.
UK life sciences sector contributed £17.6bn GVA in 2021 and supports 126,000 high-skilled jobs.
Inward life sciences FDI fell by 58 per cent from £1,897m in 2021 to £795m in 2023.
Experts warn NHS underinvestment and NICE pricing rules are deterring innovation and patient access.
Investment gap
Britain is seeking to attract new pharmaceutical investment as part of its plan to strengthen the life sciences sector, Chancellor Rachel Reeves said during meetings in Washington this week. “We do need to make sure that we are an attractive place for pharmaceuticals, and that includes on pricing, but in return for that, we want to see more investment flow to Britain,” Reeves told reporters.
Recent ABPI report, ‘Creating the conditions for investment and growth’, The UK’s pharmaceutical industry is integral to both the country’s health and growth missions, contributing £17.6 billion in direct gross value added (GVA) annually and supporting 126,000 high-skilled jobs across the nation. It also invests more in research and development (R&D) than any other sector. Yet inward life sciences foreign direct investment (FDI) fell by 58per cent, from £1,897 million in 2021 to £795 million in 2023, while pharmaceutical R&D investment in the UK lagged behind global growth trends, costing an estimated £1.3 billion in lost investment in 2023 alone.
Richard Torbett, ABPI Chief Executive, noted “The UK can lead globally in medicines and vaccines, unlocking billions in R&D investment and improving patient access but only if barriers are removed and innovation rewarded.”
The UK invests just 9% of healthcare spending in medicines, compared with 17% in Spain, and only 37% of new medicines are made fully available for their licensed indications, compared to 90% in Germany.
Expert reviews
Shailesh Solanki, executive editor of Pharmacy Business, pointed that “The government’s own review shows the sector is underfunded by about £2 billion per year. To make transformation a reality, this gap must be closed with clear plans for investment in people, premises and technology.”
The National Institute for Health and Care Excellence (NICE) cost-effectiveness threshold £20,000 to £30,000 per Quality-Adjusted Life Year (QALY) — has remained unchanged for over two decades, delaying or deterring new medicine launches. Raising it is viewed as vital to attracting foreign investment, expanding patient access, and maintaining the UK’s global standing in life sciences.
Guy Oliver, General Manager for Bristol Myers Squibb UK and Ireland, noted that " the current VPAG rate is leaving UK patients behind other countries, forcing cuts to NHS partnerships, clinical trials, and workforce despite government growth ambitions".
Reeves’ push for reform, supported by the ABPI’s Competitiveness Framework, underlines Britain’s intent to stay a leading hub for pharmaceutical innovation while ensuring NHS patients will gain faster access to new treatments.
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