What are the financing options available for purchasing a 2008 1.2T GT (155HP) in the UAE?

In the UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. Each option has different interest rates and terms.

How can I apply for a car loan for a 2008 1.2T GT (155HP) in the UAE?

To apply for a car loan, you need to visit a bank or financial institution, provide necessary documents such as your ID, salary certificate, and the vehicle details, and complete the application form.

Will taking a car loan affect my credit score in the UAE?

Yes, taking a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can harm it.

What factors should I consider when applying for a car loan for a 2008 1.2T GT (155HP)?

Consider factors such as interest rates, loan terms, your monthly budget, and additional fees or insurance requirements before applying.

What are the currency exchange rate influences on car loan repayments in the UAE?

Factors that influence exchange rates include inflation rates, interest rates, political stability, and economic performance. Fluctuations can affect loan repayments if they are in a foreign currency.

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2008 1.2T GT (155HP) Car Loan Calculator in UAE

To finance this car, you can first calculate the installment price in UAE

Monthly Payment

AED 6,733

Down Payment

AED 19,980

Total Cost

AED 100,776

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 6,733	AED 74,063
2	AED 6,733	AED 67,330
3	AED 6,733	AED 60,597
4	AED 6,733	AED 53,864
5	AED 6,733	AED 47,131
6	AED 6,733	AED 40,398
7	AED 6,733	AED 33,665
8	AED 6,733	AED 26,932
9	AED 6,733	AED 20,199
10	AED 6,733	AED 13,466
11	AED 6,733	AED 6,733
12	AED 6,733	AED 0

Monthly Payment Composition

Interest: 73

Principal: 6660

2008 1.2T GT (155HP) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as bank loans, dealership financing, or personal loans. Each option has different interest rates and terms.
To apply for a car loan, you need to visit a bank or financial institution, provide necessary documents such as your ID, salary certificate, and the vehicle details, and complete the application form.
Yes, taking a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can harm it.
Consider factors such as interest rates, loan terms, your monthly budget, and additional fees or insurance requirements before applying.
Factors that influence exchange rates include inflation rates, interest rates, political stability, and economic performance. Fluctuations can affect loan repayments if they are in a foreign currency.