What are the requirements for obtaining a car loan for the 718 Boxster Std 2.0L A/T in the UAE?

To obtain a car loan for the 718 Boxster Std 2.0L A/T in the UAE, you typically need to provide proof of income, a valid Emirates ID, and a good credit score.

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

Taking a car loan can impact your credit score positively if you make timely repayments. However, missing payments can negatively affect your score.

What factors affect the interest rate on my car loan for the 718 Boxster in the UAE?

The interest rate on your car loan can be influenced by your credit score, the loan amount, the term of the loan, and current market rates.

What documents do I need to submit when applying for a car loan for the 718 Boxster in the UAE?

You will need to submit documents such as your Emirates ID, salary certificates, bank statements, and sometimes a copy of the car's registration.

Can I pay off my car loan early for the 718 Boxster in the UAE without penalties?

Most banks in the UAE allow early repayment of car loans, but it's important to check if there are any penalties or fees associated with it.

CarteaCar Loan Calculator

718 Boxster Std 2.0L A/T Car Loan Calculator in UAE

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

Monthly Payment

AED 18,526

Down Payment

AED 54,980

Total Cost

AED 277,292

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 18,526	AED 203,786
2	AED 18,526	AED 185,260
3	AED 18,526	AED 166,734
4	AED 18,526	AED 148,208
5	AED 18,526	AED 129,682
6	AED 18,526	AED 111,156
7	AED 18,526	AED 92,630
8	AED 18,526	AED 74,104
9	AED 18,526	AED 55,578
10	AED 18,526	AED 37,052
11	AED 18,526	AED 18,526
12	AED 18,526	AED 0

Monthly Payment Composition

Interest: 200

Principal: 18326

718 Boxster Std 2.0L A/T Car Loan Calculator FAQs in UAE

To obtain a car loan for the 718 Boxster Std 2.0L A/T in the UAE, you typically need to provide proof of income, a valid Emirates ID, and a good credit score.
Taking a car loan can impact your credit score positively if you make timely repayments. However, missing payments can negatively affect your score.
The interest rate on your car loan can be influenced by your credit score, the loan amount, the term of the loan, and current market rates.
You will need to submit documents such as your Emirates ID, salary certificates, bank statements, and sometimes a copy of the car's registration.
Most banks in the UAE allow early repayment of car loans, but it's important to check if there are any penalties or fees associated with it.