Buying a car comes with high upfront costs. Ravindranath K / The National
Buying a car comes with high upfront costs. Ravindranath K / The National
Buying a car comes with high upfront costs. Ravindranath K / The National
Buying a car comes with high upfront costs. Ravindranath K / The National


Why renting a car offers more financial benefits than buying one


Soham Shah
  • English
  • Arabic

February 20, 2025

This year, owning a car is not the default option for many. With costs related to car ownership rocketing globally, an increasing number of people across the UAE are discovering the financial benefits of opting for a car on demand instead.

Vehicle subscription not only saves you money but also offers flexibility and access to modern, high-tech vehicles without the long-term commitment. Here’s why opting for a car subscription makes more sense than buying a vehicle in 2025.

Save money upfront

When you buy a car, the upfront costs can be staggering. But if you opt for a car subscription plan, you are essentially driving a car worth Dh100,000 ($27,229) for only Dh1,500. That’s because vehicle subscription requires far less initial investment – this gives you the financial freedom to use your funds for other priorities.

No long-term financial ties

Owning a car means committing to years of monthly payments, insurance premiums and maintenance bills. It can feel like you’re financially tied down. Vehicle subscription offers the opposite – pay for the car only when you need it. This is especially valuable if you don’t rely on a car every day or travel often. This allows you to scale your needs up or down without the burden of long-term financial commitments.

Avoid depreciation costs

Depreciation is one of the biggest hidden costs of owning a car. In the UAE, a new car can lose up to 30 per cent of its value in the first year alone. So, a car that costs Dh100,000 could lose Dh30,000 in only 12 months. When you opt for a subscription model, you don’t have to worry about this. You can enjoy the use of a new vehicle without worrying about its resale value down the road.

No surprise maintenance bills

Owning a car means dealing with maintenance and repairs, both expected and unexpected. Regular costs including oil changes and tyre replacements add up over time and, if something breaks down, the repair bills can be steep. When you opt for vehicle subscription, you won’t be hit with those additional expenses or stress over breakdowns.

Simplified insurance costs

Car insurance can be a complex, unpredictable expense. Your premiums fluctuate based on the car model, your driving history and even where you live. The average vehicle insurance has gone up by between 10 per cent and 12 per cent year on year. With a car subscription, insurance is often included in the rental fee or is available as an affordable add-on. This means you can drive without the headaches of shopping around for the best rates or dealing with claims.

Flexibility and convenience

Subscriptions allow you to switch vehicles when needed, ensuring you’re never locked into a long-term commitment and making it a highly cost-effective and convenient option for those seeking mobility on their terms.

No registration or licensing fees

Another financial advantage of vehicle subscription is that you avoid the hassle of registration and licensing. In the UAE, car owners need to renew their registration annually, which can incur additional costs and paperwork. Car subscription platforms take care of all the formalities, freeing you from the administrative burden and the associated fees.

The bottom line

With the rising costs of vehicle ownership and related complexities, car subscription is quickly becoming a more practical and affordable choice in 2025. Whether you're looking to avoid depreciation losses, save on maintenance or simply enjoy the freedom to choose your ride based on your needs, renting offers a smart alternative to traditional car ownership in the UAE.

Why renting or leasing a vehicle may not be for you

High mileage for long-distance travel: If you frequently travel long distances and your monthly travel exceeds about 6,430km, rental or subscription services may not be suitable.

Long-term ownership: Renting, leasing or subscribing to a vehicle becomes costly if you plan to keep it for more than four years.

Soham Shah is founder and chief executive of SelfDrive Mobility

The%20Mother%20
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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Hoopla%3Cbr%3E%3Cstrong%3EDate%20started%3A%20%3C%2Fstrong%3EMarch%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Jacqueline%20Perrottet%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2010%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%3Cbr%3E%3Cstrong%3EInvestment%20required%3A%3C%2Fstrong%3E%20%24500%2C000%3C%2Fp%3E%0A
Eyasses squad

Charlie Preston (captain) – goal shooter/ goalkeeper (Dubai College)

Arushi Holt (vice-captain) – wing defence / centre (Jumeriah English Speaking School)  

Olivia Petricola (vice-captain) – centre / wing attack (Dubai English Speaking College)

Isabel Affley – goalkeeper / goal defence (Dubai English Speaking College)

Jemma Eley – goal attack / wing attack (Dubai College)

Alana Farrell-Morton – centre / wing / defence / wing attack (Nord Anglia International School)

Molly Fuller – goal attack / wing attack (Dubai College)

Caitlin Gowdy – goal defence / wing defence (Dubai English Speaking College)

Noorulain Hussain – goal defence / wing defence (Dubai College)

Zahra Hussain-Gillani – goal defence / goalkeeper (British School Al Khubairat)

Claire Janssen – goal shooter / goal attack (Jumeriah English Speaking School)         

Eliza Petricola – wing attack / centre (Dubai English Speaking College)

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

COMPANY%20PROFILE
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The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

UAE%20FIXTURES
%3Cp%3EWednesday%2019%20April%20%E2%80%93%20UAE%20v%20Kuwait%3Cbr%3EFriday%2021%20April%20%E2%80%93%20UAE%20v%20Hong%20Kong%3Cbr%3ESunday%2023%20April%20%E2%80%93%20UAE%20v%20Singapore%3Cbr%3EWednesday%2026%20April%20%E2%80%93%20UAE%20v%20Bahrain%3Cbr%3ESaturday%2029%20April%20%E2%80%93%20Semi-finals%3Cbr%3ESunday%2030%20April%20%E2%80%93%20Third%20position%20match%3Cbr%3EMonday%201%20May%20%E2%80%93%20Final%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
How to report a beggar

Abu Dhabi – Call 999 or 8002626 (Aman Service)

Dubai – Call 800243

Sharjah – Call 065632222

Ras Al Khaimah - Call 072053372

Ajman – Call 067401616

Umm Al Quwain – Call 999

Fujairah - Call 092051100 or 092224411

Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

The years Ramadan fell in May

1987

1954

1921

1888

The years Ramadan fell in May

1987

1954

1921

1888

The years Ramadan fell in May

1987

1954

1921

1888

THE BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

Euro 2020

Group A: Italy, Switzerland, Wales, Turkey 

Group B: Belgium, Russia, Denmark, Finland

Group C: Netherlands, Ukraine, Austria, 
Georgia/Kosovo/Belarus/North Macedonia

Group D: England, Croatia, Czech Republic, 
Scotland/Israel/Norway/Serbia

Group E: Spain, Poland, Sweden, 
N.Ireland/Bosnia/Slovakia/Ireland

Group F: Germany, France, Portugal, 
Iceland/Romania/Bulgaria/Hungary

The%20specs
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War and the virus
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Afro%20salons
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Updated: February 20, 2025, 4:00 AM`