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Car Lease in the UAE

Car leasing is a contractual agreement between a consumer and a dealership that grants the right to use a vehicle for a specified period. Instead of full ownership, car leasing is more akin to a long-term rental with an option for purchase. Lease terms typically run for two or three years, but shorter or longer terms may be available.

Monthly lease payments are often lower than monthly loan payments. When you lease, you're essentially paying for the use of the vehicle over a defined period, not its full purchase price.

While lower monthly payments can be attractive, the perception that buying a car seems more expensive is primarily due to the higher monthly amounts. When you purchase a car, you become its full owner after paying off the loan, and you can potentially recoup some of the costs by selling or trading it.

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What sets long-term car rentals apart from leasing?

Advantages of Leasing

How to Lease a Car in Dubai?

What sets long-term car rentals apart from leasing?

Long-term car rental and monthly payment leasing are two distinct approaches to vehicle usage, each with its own unique characteristics and terms.

Long-term car rental, as the name implies, involves renting a car for an extended period, often spanning several months or even a year. It's important to note that this does not entail purchasing the car at the end of the rental period. When opting for long-term rental, you pay a monthly rental fee for using the vehicle, but the ownership remains with the company or individual who provided the car for rent. Long-term rental typically includes insurance and maintenance within the rental fee, making it a convenient choice.

On the other hand, monthly payment leasing involves purchasing a car with an initial down payment, followed by regular monthly payments. The leasing period usually ranges from a few months to 36 months. During this period, you become the full owner of the vehicle, but you continue to make the predetermined monthly payments. At the end of the leasing term, you typically have the option to buy the car by paying its residual value, thereby becoming its rightful owner.

The key distinction between long-term car rental and leasing lies in the fact that with long-term rental, you do not acquire or own the car, whereas leasing allows you to purchase the vehicle and potentially become its full owner when the leasing term concludes. The choice between these options depends on your specific needs and preferences regarding vehicle usage.

Advantages of Leasing

Convenience and Flexibility. Leasing, with its well-calculated monthly payments, offers convenience for individuals who may not have the means to purchase a car outright. It is also beneficial for business owners who prefer not to allocate a significant portion of their company's budget upfront. Leasing allows for the gradual distribution of the car's purchase amount over several months, making monthly payments manageable.
Deferred Ownership. Unlike long-term rentals, leasing implies eventual ownership of the car once the contract ends. You can acquire the vehicle by paying its residual value at the conclusion of the lease, becoming the full owner. Takeauto provides transparent contract terms with no hidden fees or charges.
Minimal Documentation. Traditional car purchases often involve extensive documentation and may require a strong credit history when seeking a loan. Leasing with Takeauto, however, only requires a valid passport and a driver's license, without the need for income verification. Acquiring a car on favorable terms is straightforward and hassle-free.
Extensive Vehicle Selection. Takeauto offers a wide range of vehicles to choose from. If you're unsure about your preferences, our specialists can assist you in finding the perfect car to meet your needs. You can lease any car with us that is no older than 2021.
No Mileage Restrictions. Unlike long-term rentals, Takeauto imposes no mileage restrictions. You can use the car as much as you need without incurring additional fees or penalties for late payments, distinguishing us favorably from other leasing companies.

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, and here are the general steps to follow:

Choose a Reputable Leasing Company. Start by researching and selecting a reputable car leasing company in Dubai, one with a solid track record, transparent terms, and a broad selection of vehicles.
Select Your Car. Once you've chosen a leasing company, browse their inventory and select the car you wish to lease. Consider factors like the make, model, size, and features that align with your preferences and requirements.
Review the Lease Agreement. Thoroughly review the lease agreement, including the terms and conditions, payment structure, and any associated fees. Ensure you understand all the details before signing.
Provide Required Documents. Typically, you'll need to provide documents such as a valid passport and driver's license.
Pay Upfront Costs. Be prepared to cover upfront costs, including the initial month's lease payment, as specified in the agreement.
Drive Your Leased Car. Once all formalities are completed and payments are made, you'll receive the keys to your leased car.
Purchase the Vehicle. At the conclusion of the lease term, you have the option to purchase the vehicle by paying its residual value.

Car leasing with Takeauto in Dubai offers a convenient and flexible solution for both residents and visitors, allowing them to enjoy the benefits of owning a car with manageable monthly payments and the potential for ownership without hidden fees and charges. When choosing our leasing company, you can access a wide range of vehicles and flexible terms that cater to your specific needs.

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