How to lease a car for cheap?

Fill out the form and we will contact you

Car Lease in the UAE

The preference between leasing and buying a new car often depends on your priorities. Some drivers make their choice based on financial considerations, seeking the most economical solution at the moment, while others prefer the advantages of ownership.

Before making a decision, it is important to understand the key differences between leasing and buying a car.

Key takeaways:

Leasing a car means effectively renting it for a specific and limited period. After leasing, you have the option to purchase the car at its residual value. With Takeauto, you can rest assured there are no hidden fees, commissions, or penalties for late payments.
Buying a car makes you its full owner.
The benefits of leasing typically include lower initial costs, reduced monthly payments compared to buying, and no concerns about resale.
Buying a car provides the advantages of complete ownership, full control over mileage, and a clear understanding of long-term costs.

Content

Leasing or buying a car: what's the difference?

Advantages and disadvantages of car leasing

How to lease a car in Dubai?

Leasing or buying a car: what's the difference?

When you lease a car, you pay for the right to use it for a specific period, typically 12, 24 or 36 months, although longer leases may also be available. At the end of the lease term, you purchase the car at the residual value, becoming its full owner.

Buying a car provides you with immediate ownership rights. You become the full owner if you pay in cash or after repaying a loan if you finance the purchase. You have complete control over all aspects of the car and the right to keep it, trade it, sell it, or gift it to someone else.

Advantages and disadvantages of car leasing

Advantages:

Reduced Monthly Expenses. Lease payments are typically lower than monthly loan payments when buying a new car. The size of these payments depends on the following factors:
Sale Price. Negotiated with the dealer, just as when purchasing a car.
Lease Term. The number of months you agree to rent the car.
Residual Value. The estimated value of the car at the end of the lease term, considering depreciation.
Lease Fee. A fixed amount, similar to interest in a loan.
New Car Every Few Years. At the end of each lease, you can enjoy a new car and have access to the latest advancements in automotive technology.
Easy Purchase at Lease End. You have the option to buy the car at the end of the lease term at its residual value.

Disadvantages:

Lack of Ownership Rights. While the car is under lease, it belongs to the leasing company. You only gain full ownership rights when you choose to purchase it at the end of the lease term.
Limited Control. During the lease agreement, you cannot sell or trade the car, and you are obligated to make monthly payments.

Hyundai sonata

FOR 24 MONTHS

Initial fee

Per month from:

Redemption payment:

1000

4.016

15.500

AED

AED MONTHLY

AED

GET A CAR

How to lease a car in Dubai?

Leasing a car in Dubai is a straightforward process. Here are the general steps to follow when leasing a car in the city:

Choose a reputable leasing company. Start by researching and selecting a reputable car leasing company in Dubai. Look for a company with a good track record, transparent terms, and a wide selection of vehicles.
Select your car. Once you've chosen a leasing company, browse their inventory and choose the car you want to lease. Consider factors such as the make, model, size, and features that suit your needs.
Review the lease agreement. Carefully examine the lease agreement, including the terms, payment structure, and any additional fees. Ensure that you fully understand all the details before signing. Please note that at Takeauto, there are no hidden fees or penalties. All payments are fixed and are disclosed in advance in the contract.
Provide required documents. You'll typically need to provide some documents, such as a valid passport, driver's license.
Pay any upfront costs. Be prepared to pay any upfront costs, such as the first month's lease payment, as specified in the agreement.
Drive your leased car. Once all formalities are complete and payments are made, you'll receive the keys to your leased car.
Purchase the vehicle. At the end of the lease term, you should purchase it by paying the residual value.

Car leasing in Dubai is an excellent choice for residents and visitors who want to enjoy the convenience of a car with comfortable monthly payments and a purchase without hidden fees and charges. With the right leasing company, you can benefit from a wide selection of cars and flexible terms that suit your needs. Takeauto company offers the best car leasing conditions, no hidden fees or charges, flexible terms, and excellent service.

Still have questions?

Fill out the feedback form and our manager will contact you