Facts that has Revealed Exponential Growth of Used Car Market for Buy/Sale in Dubai

The used cars market and demand continues to grow rapidly. Any vehicle purchased after covering some mileage however little qualifies as a used car. Statistics have shown that used car sales outdo the new car sales by almost three times the value of the new cars. This is due to the strategic advantages that arise from the purchase and the use of used cars. Importance of used cars Affordability; the main advantage of used cars is their reduced price. Despite some of the used cars being almost new, they come at a much reduced price compared to a new car of the same model. If using the financing option for a new car, the financier will require at least a 10% down payment, followed by the high cost loan repayment for the same car using the monthly installments. Availability of various types and varieties to choose from .Virtually all makes of cars will be available for resale thereby making the process of selling used cars a successful venture. If the mileage has not gone very far i.e. around 2000 – 5000 kilometers then the appropriate clearances have already formed in the engine and the car is likely to achieve high performance. Provision of test runs on the car before purchase to ensure purchase of a good quality vehicle. The performance history can also be tracked before purchase. Cost savings...

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