Cruising in the lively and vibrant streets of Dubai is a dream of many. The city’s luxurious lifestyle and rapidly growing economy offer endless opportunities for adventures.
Owning a car can be a significant expense, especially for tourists and expats. Now, that’s where leasing a car comes in. A smart, no deposits and cost-effective solution for styling off in the streets of Dubai. Discover multiple benefits of leasing a car in this article from ByRoad.
Car Leasing in Dubai
A quick car lease has benefited a lot of tourists. It’s a straightforward process with limited eligibility criteria. Additionally, you get a wide range of fleets to choose from that perfectly suit your budget.
The car rent in Dubai has a process includes the following:-
- Choosing a vehicle
- Negotiation
- Contract signing
- Taking possession of the car
- Making timely payments
Benefits of Leasing a Car in Dubai
So, what’s the benefit of leasing a car in Dubai? Let us dig deep and learn more about it:-
1. Lower Upfront Costs
Getting a new car can be very troublesome as it often requires a huge upfront cost. But, that’s where leasing a car becomes the next best and more affordable solution. It generally has a lower upfront cost that can easily help you get behind the wheel of your dream car.
You are practically leasing a car for a long term in Dubai for a set period (between 2-3 years). As a result, you are not required to pay the purchase price of the car. Only the following are required to pay:-
- Lower down payment
- First-month rent
- Registration and Insurance
2. Access To Newer Models
UAE’s tax-free import laws and lower fuel prices have made driving Lamborghini or Bentley more feasible. It has reduced the barriers to importing newer, latest, and top models to Dubai. Generally, people willing to lease a car get easy access to newer models every few years without any hassle.
Lease-seekers easily enjoy the features and benefits of the latest models, which are equipped with advanced technology and safety features. This is specifically tempting for those who enjoy driving high-end cars.
3. Flexibility and Freedom
Long Term Car Lease in Dubai offers unimaginable flexibility and freedom. It could be one of the greatest benefits of leasing a car for many tourists and expatriates. A car lease contract in Dubai offers several terms such as returning the car, extending the lease, purchasing at a predetermined price, and more.
It automatically allows individuals to adapt to their transportation needs as their circumstances change. People with irregular work schedules, lifestyle changes, and unorganized routines can get the most benefit from a car lease.
4. Warranty Coverage
Many might not know that most leases come with manufacturer warranties. Individuals can use them to cover maintenance and repair costs for the lease duration. People taking a car on a lease can enjoy peace of mind because they won’t need to make unexpected repair costs during their period. We would highly recommend considering cars that are still under warranty coverage to benefit from it.
5. Tax Benefits
Significant tax benefits are what you can expect from leasing a car in Dubai for both businesses and individuals. Making it an enticing option for those looking to save some dirhams. To claim tax benefits, make sure to have accurate records if possible consult a tax professional. Here are the tax benefits:-
For Businesses:-
- Businesses have the option to claim lease payments as a deductible expense, which reduces their taxable income and lowers tax liability.
- Can recover from Value Added Tax on lease payments.
- Business Car Leasing in Dubai, UAE does not depreciate as a result, it eliminates the need for businesses to claim depreciation as a tax expense.
For Individuals:-
- Interested individuals are not required to pay VAT on lease payments.
- They can claim a portion of their lease payments as a tax deduction. It further reduces their taxable income and lowers taxable liability.
6. Roadside Assistance
Roadside assistance is often included when leasing a car in Dubai. It is one of the best benefits of leasing a car in the city. This valuable service assists you when you need it the most. Even if they are not added, make sure to add them to your package. Some advantages of including roadside assistance in your package are the following:-
- 24/7 Customer Support
- Fuel Delivery
- Towing Service
- Lockout Service
- Battery Jump-Start
- Tire Changes
- Accident Assistance
Conclusion
Car lease in Dubai unfolds a world of freedom, flexibility, lifestyle, and more. Readers will know what’s the benefit of leasing a car by now. Additionally, tax benefits and insurance benefits can help you save extra dirhams.
So why wait? Explore the range of car leasing options today at Byroad and discover a new and smarter way to lease your dream car. You can also contact us on 800297623 for any query.
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