Home Business & Finance 5 Reasons Why Renting a Car is More Affordable Than Owning One

5 Reasons Why Renting a Car is More Affordable Than Owning One

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DUBAI: Dubai is buzzing with energy this time of year, with the high tourist season in full swing. The city expects an influx of millions of visitors seeking convenience and comfort in their commutes. Renting a car during your stay—or even as a short-term resident—can make life much easier.

Yango Drive offers a simple and hassle-free way to rent cars, offering a wide range catering to various needs. Whether you’re here for business, leisure, or both, renting a car is emerging as the go-to choice for smart travellers. Here’s why renting beats owning a car in affordability and practicality.

  1. Buying a Car vs Renting
    Owning a car in Dubai isn’t just about the purchase price—it comes with a lot of extra costs. Take a Toyota Corolla as an example: buying one new for AED 71,900 means a 20% down payment (AED 14,180) plus monthly installments of AED 980 for five years. Add on comprehensive insurance (AED 3,000–4,000 annually), registration fees, and maintenance costs, and you’re looking at over AED 20,800 annually, excluding the initial down payment.
    Renting with Yango Drive starts at just AED 50 per day for the basic rental. Additional services like maintenance, insurance, and convenient pick-ups and drop-offs are available to enhance your experience. For visitors and residents alike, renting allows you to enjoy the benefits of car ownership without draining your wallet, making it an ideal option for those seeking financial flexibility.
  2. No Worries About Depreciation
    New cars lose 20–30% of their value in the first year alone, with an additional 10–15% drop annually thereafter. Every year after that, the value keeps dropping, which can feel like throwing money away when you decide to sell. Add unexpected repair costs to the equation, and car ownership can become a heavy burden.
    Renting eliminates these concerns entirely. There’s no need to worry about declining resale value, maintenance costs, or major repairs. Rental platforms handle these aspects, ensuring you enjoy a well-maintained vehicle at a fraction of the cost of ownership. 
  3. Flexibility for Changing Needs
    One of the best things about renting is how easily drivers can switch cars to suit their lifestyles. Need an SUV for a weekend desert adventure or a sleek sedan for business meetings? Renting provides that flexibility. Platforms let you choose from a wide range of vehicles, which you can switch between too, so you always have the right car for the occasion.
    This adaptability is particularly appealing for expatriates, digital nomads, and seasonal residents who frequently travel or have evolving needs. Car ownership, in contrast, ties you to a single vehicle for years. Upgrading comes with additional financial commitments and logistical hurdles. With rentals, you enjoy the freedom to match your car choice to your lifestyle, ensuring convenience without long-term obligations.
  4. A More Sustainable Choice
    We all want to make choices that are better for the planet, and renting a car can help. Renting a car can be a more sustainable choice, reducing the number of vehicles on the road, fuel consumption and promoting resource sharing.
    The car rental model encourages efficient car use, lowering carbon emissions by maximizing vehicle utilization. This approach not only aligns with global sustainability goals but also supports UAE’s vision of reducing environmental impact. Choosing to rent contributes to a greener future while meeting transportation needs.
  5. Hassle-Free Convenience
    Owning a car means dealing with registration renewals, maintenance schedules, and unexpected repairs. These tasks demand time and effort, detracting from the joy of driving. Renting eliminates these hassles. Rental platforms handle all the administrative and maintenance work, allowing you to focus on enjoying your journey.
    Whether you need a car for a few days or a few weeks, renting lets you focus on what matters without worrying about maintenance or paperwork. The process is quick and seamless, with free pick-ups and drop-offs adding to the convenience.
    Move around Dubai smarter
    Renting a car offers a blend of affordability, flexibility, and sustainability that car ownership simply can’t match. Whether you’re a visitor enjoying Dubai’s iconic attractions or a resident seeking an easier way to commute, renting is the smarter, more economical choice.  It’s an effortless way to stay mobile in a fast-paced city like Dubai. With Yango Drive, you can explore Dubai on your terms—without the stress and costs of car ownership.

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