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What is the Difference Between Car Leasing and Renting?

What is the Difference Between Car Leasing and Renting?

Leasing and renting are two popular options if you’re considering alternatives to buying a car. Although they may seem similar initially, each has unique features tailored to different needs. Here’s an overview to help you understand their key differences and determine which option suits you best.  To further explore the difference between leasing and financing, click here.

Overview

Leasing involves a long-term agreement where you use the car for a fixed period, usually 1 to 2 years, and pay monthly instalments. At the end of the lease,

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Which New Car can you Own for Under AED 1,000/Month in the UAE?

Which New Car can you Own for Under AED 1,000/Month in the UAE?

Owning a brand-new car is a dream for many, but affordability becomes a key concern with rising expenses. Car financing offers a solution, enabling buyers to spread payments over manageable instalments. In the UAE, where car ownership is often essential, financing can make owning a new vehicle a realistic goal, even for as little as AED 1,000/month. For those exploring their options, it’s worth understanding the difference between car financing and leasing—learn more about it here.

What is Car Financing?

Car financing is purchasing a vehicle through a loan or lease arrangement.

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