Whether your business is new or you’ve been doing well in your industry for a long time, you may find that you need a vehicle for business meetings, trips, and so on. You won’t want to use your vehicle for such needs, so you need to figure out how to make sure you have a car for business activities.
Depending on which country your business is located in, you may have many options when it comes to finding a work vehicle. You may want to consider purchasing or consider leasing. Also in Dubai, many businessmen prefer another option – monthly car rental Dubai, which is much cheaper than renting a vehicle for a few days when you need to deal with business matters, attend meetings, and so on.
In the case of a rental, you can change cars at the end of the lease period. However, for many this option seems inconvenient, so they think about leasing. Other business leaders are considering purchasing an auto after all. All of these options have their advantages and disadvantages, and a lot depends on what kind of budget you have.
We will help you make the right choice by providing valuable information about both buying a business car and leasing it.
Things you need to think about
Whichever option you ultimately choose, you will need to pay. You need to think about what the down payments will be anyway. If you’re thinking about getting a new property for your business, the upfront cost will be much higher than if you were thinking about leasing. When choosing the second option, you will need to deposit the amount that will need to be paid every month. If you want the fees to be as small as possible, then you should choose a more budget-friendly car.
It is unlikely that you will be able to afford to buy an automobile without any loans unless you have a successful business. You will need to apply for a loan, but you should understand that if you need another loan in the future for other business needs, this may become a challenge.
However, for much less money you can choose a more luxurious vehicle if you choose the car lease option. In many countries of the world, especially in the United Arab Emirates, business leaders gravitate towards this option, since prices start from one and a half thousand dollars for premium cars if you sign a contract for a year. This is a less painful option for most companies.
When the car becomes your property, all responsibility falls on you. You need to maintain it regularly and do not forget to change wearing parts, change the oil, and so on.
With leasing, depending on which service you choose, you may find that the contract includes some maintenance. Sometimes firms can even provide some services for free. However, in case of serious damage, you may incur additional costs. In such cases, it is best to give preference to fresh vehicles, as this reduces the risk of serious breakdowns.
Number of miles you plan to drive
If you conclude that you need a business vehicle, then you already have an idea for what purposes you will need it. You will understand how many miles you will drive and how often you will use your auto.
When you choose to lease, depending on the length of your contract, it will include a clause about how many miles you can drive. If you exceed the specified quantity, you will be charged additionally. This is a good option, but only if you do not go on business trips often.
If this is not your case, then you should think about purchasing a vehicle for the company. No one will charge you extra for how many miles you drive.
This isn’t the easiest decision your business needs to make. However, if you have an idea of what budget you have, for what purposes you will use the vehicle, and also how often you will travel for work, then it will be much easier for you to decide whether you should buy a car or give preference to car lease for business. The main thing is that in the end, your car becomes a great investment and not a nightmare.
EVLAB Intros UAE’s First Electric Vehicle Marketplace App
EVLAB, the multi-brand electric vehicle start-up, has made adopting a sustainable lifestyle easier for drivers in the UAE with the launch of the EVLAB App, an all-in-one mobility app to rent, lease and host their EVs in the UAE with phase 2 to include buy and sell electric vehicles (EVs) available in the Middle East. EVLAB’s new one-stop marketplace app addresses a growing desire among consumers in the Middle East to make a switch to sustainable mobility solutions. Electric vehicle sales have seen rapid growth in the region, with an increase of 72 per cent during 2020 alone.
In line with the goals of COP28, EVLAB is committed to reducing CO2 emissions and fostering sustainable mobility in the Middle East, striving to play a pivotal role in catalyzing positive transformation. The new platform supports the UAE’s Net Zero 2050 strategic initiative, which is a national drive to achieve net-zero emissions and make the Emirates the first nation in the MENA region to do so. The app also complements other sustainability initiatives in the country, including the Dubai Green Mobility Strategy 2030, which has resulted in the installation of more than 1,000 public charging stations across the UAE.
The EVLAB App allows eco-conscious drivers to browse a unique collection of electric vehicle brands available in the Middle East and take advantage of EVLAB’s expertise to understand the benefits of electric vehicles and make a seamless transition to sustainable transportation. Drivers can consider short-term rentals, leasing or hosting their electric vehicles through a seamless and hassle-free user journey.
The booking process is straightforward with easy navigation using the rent, lease, host and chat tabs on the homepage. Users can filter options based on brand preferences and features, such as performance and range, to save time and effort in finding an electric vehicle that suits their requirements and budget. All the listed cars and their hosts are vetted to guarantee authenticity and quality of service by the owners. In phase 2, electric vehicle owners can also conveniently sell their vehicles on the platform with guidance from EVLAB’s experts at every step of the way.
“With the accelerated pace of climate change, the adoption and transition to e-mobility is inevitable. At EVLAB, our ongoing goal is to consistently reduce emissions, and we are proud to say that we have successfully saved a cumulative total of 76,174 kilograms of CO2 to date and will further reduce with the EVLAB app. The all-in-one EVLAB App complements our EVLAB website with a broader range of functionality and services to make the eco-mobility journey easier for drivers in the region. The app allows users to rent, lease and host their electric vehicles seamlessly in a safe and trusted marketplace. As battery technology is rapidly evolving, the range of electric vehicles today will become obsolete in two to three years, so this model of renting and leasing becomes more attractive than buying. Consumers will have the additional ease of choosing their preferred electric vehicle based on their budget and lifestyle by selecting from a variety of options, including performance, acceleration, range, and charging times,” said Kevin Chalhoub, CEO and Founder of EVLAB.
Hyundai Launches the All-Electric IONIQ Range
Hyundai Motor Middle East and Africa Headquarters unveiled its sustainability and electric mobility plans at a media event held at the SEE Institute in the Sustainable City, Dubai. The event featured the debut of Hyundai’s electric car range under the IONIQ sub-brand, showcasing the IONIQ 5 and IONIQ 6 models.
Bryan Park, Head of Hyundai Motor Company Middle East and Africa Headquarters, emphasized Hyundai’s commitment to humanity’s progress through pioneering electric technologies. He stated, “Today, we are proud to launch our sustainable strategy and our confident direction towards electric mobility, aligning with the ambitious plans of Middle East countries for emissions-free transportation.”
Suliman AlZaben, Director of Hyundai UAE, expressed pride in Hyundai UAE’s role in the electric revolution, highlighting the company’s dedication to providing environmentally friendly, innovative, and efficient transportation.
The event included a hands-on experience for attendees, enabling them to drive the IONIQ 5 and IONIQ 6 fully electric cars. The IONIQ 5, inspired by Hyundai’s ’45’ EV concept, boasts a unique exterior design, spacious interior, and sustainable features. Its 531-litre trunk space and eco-friendly materials, including recycled PET bottles, emphasize Hyundai’s commitment to sustainability.
The IONIQ 6 Electrified Streamliner, a new addition to the IONIQ lineup, was also introduced. With an estimated electric range of over 610 km, this model showcases Hyundai’s advanced technologies, personalized interior space, and fast charging capabilities.
IONIQ 6’s interior, leveraging the Electric-Global Modular Platform (E-GMP), prioritizes comfort with Dual Color Ambient Lighting, Relaxation Comfort Seats, and a customizable driving experience through the EV Performance Tune-up system. The vehicle supports both 400-V and 800-V charging infrastructures, allowing for an 18-minute charge from 10% to 80% with a 350-kW charger.
Notably, IONIQ 6 is the first Hyundai model to feature Over-the-Air (OTA) Software Updates, allowing drivers to enhance controllers for electric devices, autonomous driving, and more, ensuring a safer and more convenient driving experience. The advanced driver assistance systems, including Highway Driving Assist 2 and Smart Cruise Control, prioritize safety on the road.
Inter Emirates Motors Intros Four Electric Vehicles (EVs) From MG Motor
Inter Emirates Motors has announced the introduction of four innovative electric vehicles (EVs) from MG Motor, marking a significant stride in bolstering sustainable mobility across the United Arab Emirates. The introduction of MG4, MG Marvel R, The New MG ZS EV, and MG HS PHEV to the UAE market brings forth a suite of vehicles that seamlessly blend performance, efficiency, and eco-friendly technology, catering to a diverse range of consumer preferences and driving needs.
The recently launched MG4 is a compact electric hatchback that is set to redefine sustainable mobility in the United Arab Emirates. The MG4 Electric is not just a vehicle; it’s a statement on wheels, offering a Rear-Wheel Drive (RWD) design, ensuring optimal weight distribution and a nimble driving experience.
The MG4 is powered by an E-Motor that promises 180kW power and features 3-Level Energy Recovery, presenting a perfect amalgamation of performance and efficiency. With its sleek design, interactive ambient light with 64 colours, a 12-inch full virtual dashboard, and a 10-inch touchscreen, the MG4 is a testament to MG Motor’s commitment to providing technologically advanced vehicles without compromising on style or performance.
Mohamed Ali Khalfan Al Dhaheri, Managing Director of Inter Emirates Motors, stated, “The introduction of the MG4 to the UAE market marks a significant milestone for both Inter Emirates Motors and MG Motor. This vehicle is not only a testament to the innovative spirit of MG Motor but also aligns seamlessly with the UAE’s vision for sustainable and technologically advanced mobility solutions. We are incredibly excited to offer our customers not just the MG4, but three more vehicles that perfectly blend performance, technology, and sustainability.”
The MG Marvel R Electric, a mid-sized SUV, is equipped with a large module cell pack solution, ensuring a longer range and employs hair-pin winding technology in its electric motors, guaranteeing an efficient and powerful driving experience. The MG ZS EV, a practical and well-equipped small electric family car, introduces a new long-range version, offering an impressive range at an affordable price, making electric driving accessible to a wider audience.
Lastly, the MG HS PHEV combines the best of both worlds with its plug-in hybrid technology, offering various interior colour options, ambient light, a driving mode selection with a Super Sport button, and sport synthetic leather seats, ensuring a comfortable and dynamic driving experience.
These models are pivotal in aligning with the UAE’s vision towards sustainability and reducing carbon footprints. With the UAE’s robust infrastructure for EVs and a growing emphasis on adopting green vehicles, these models from MG Motor represent not only a luxurious and technologically advanced driving option but also a step towards eco-friendly mobility.
Hisham ElSahn, General Manager of Inter Emirates Motors, added, “The addition of the MG Marvel R, MG ZS EV, and MG HS PHEV to our portfolio underscores our dedication to providing diverse and sustainable mobility solutions. These models are equipped with cutting-edge technology and provide efficient, yet powerful performance, ensuring that our customers in the UAE experience the future of driving, today.”
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