Skip to content
Search

Latest Stories

Reasons to prefer Used Cars over New Cars

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.

More For You

Piyush Goyal

Piyush Goyal recalled that in February, Narendra Modi and Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025. (Photo: Getty Images)

Getty Images

Trade talks with US moving forward positively, says Indian minister Goyal

INDIA’s commerce and industry minister Piyush Goyal on Thursday said that negotiations on the proposed trade agreement between India and the United States, which began in March, are progressing in a positive atmosphere and both sides are satisfied with the discussions.

He recalled that in February, Indian prime minister Narendra Modi and US president Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025.

Keep ReadingShow less
Baiju Bhatt

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)

Baiju Bhatt named among youngest billionaires in US by Forbes

INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)
Getty Images

Economy shows no growth in July amid political turbulence

UK's ECONOMY showed no growth in July, according to official data released on Friday, adding to a difficult week for prime minister Keir Starmer’s government.

The Office for National Statistics (ONS) said gross domestic product was flat in July, following a 0.4 per cent rise in June.

Keep ReadingShow less
India’s IT sector

India’s $283 billion IT industry, which contributes more than 7 per cent to the country’s GDP, has for over three decades provided services to major clients including Apple, American Express, Cisco, Citigroup, FedEx and Home Depot.

iStock

India’s IT sector faces uncertainty as US proposes 25 per cent outsourcing tax

INDIA’s IT sector is facing uncertainty as US lawmakers consider a 25 per cent tax on companies using foreign outsourcing services.

Analysts and lawyers said the proposal has led to customers delaying or re-negotiating contracts, raising concerns in India, the world’s largest outsourcing hub.

Keep ReadingShow less
Rachel Reeves

'Our economy isn't broken, but it does feel stuck,' Reeves said, speaking alongside the release of a finance ministry report on business property taxation, known as rates.

Getty Images

Reeves signals possible changes to business property taxes ahead of budget

CHANCELLOR Rachel Reeves said on Thursday she is considering changes to business property taxes to support small firms looking to expand, as part of her plans to boost growth.

Reeves’ comments come ahead of her annual budget on November 26, at a time when concerns about possible tax rises and inflation are weighing on businesses and households.

Keep ReadingShow less