Leasing a new car

Leasing a new car allows you to drive the latest models with the latest features without the commitment of long-term ownership. This option is perfect for individuals who prefer to upgrade their vehicles frequently and who value the peace of mind that comes with a warranty. Leasing also often requires lower monthly payments compared to buying a new car.

Also, our company has no restrictions on the mileage of a car on leasing.

Leasing a used car

Leasing a used car can be an appealing option for those looking for a more budget-friendly option. Used cars generally have lower monthly payments compared to new ones. Moreover, by leasing a used car, you have the opportunity to assess whether the specific make and model suit your needs before committing to a long-term ownership.

One of the disadvantages of leasing a used car is that you may encounter maintenance and repair costs associated with older vehicles. The warranty may be limited or expired, and you might be responsible for any damages or repairs, which can be a financial burden. Additionally, the selection of used cars available for lease may be more limited compared to new cars.

Main factors to consider

Several factors should be considered when deciding whether to lease-to-own a new or used car. Here are some key considerations:

1. Budget. Evaluate your financial situation and determine how much you can afford in terms of monthly lease payments, insurance, fuel, maintenance, and repair costs.

2. Depreciation. Consider how much value the car will lose over time. New cars generally depreciate faster, but this could vary depending on the make and model.

3. Lifestyle. Think about your lifestyle and how the car will fit into it. Consider the number of passengers you typically have, the type of driving you do, and any special requirements or preferences you may have.

4. Long-term plans. Consider your future and how long you intend to keep the vehicle. On the other hand, if you plan to keep the car for an extended period, leasing a used car could be more cost-effective.

Conclusion

Deciding between leasing-to-own a new or used car requires careful consideration of various factors. While new cars offer the latest features and peace of mind with a warranty, used cars provide a more budget-friendly option. Ultimately, the choice depends on your personal preferences, financial situation, and long-term plans. It is recommended to thoroughly research and compare the options available to make an informed decision that suits your needs best.

Advantages of leasing-to-own from TakeAuto:

— only 2 documents required — passport/ID and driving license;
— perfect for expats;
— credit history is not checking, no job certificates required;
— same-day delivery is available (for cars in stock);
— approval rate is 98%;
— our operating principles are 100% halal, including the leasing agreement;
— no fines or penalties.

Contact us for more information by phone +971 58 577 4111.