What are the main requirements for obtaining a car loan for the 718 Cayman S 2.5L A/T in UAE?

The main requirements typically include a valid residency visa, proof of income (such as salary slips), a good credit score, and sometimes a down payment.

Does taking a car loan affect my credit score in UAE?

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

What factors influence the interest rates on a car loan in UAE?

Factors include your credit score, the loan amount, the loan term, and the current market rates.

What is the typical loan tenure for financing a 718 Cayman S 2.5L A/T?

The typical loan tenure ranges from 1 to 5 years, depending on the lender's policies and your financial situation.

Are there any additional fees associated with obtaining a car loan in UAE?

Yes, there may be processing fees, insurance costs, and other administrative charges that you should be aware of.

CarteaCar Loan Calculator

718 Cayman S 2.5L A/T Car Loan Calculator in UAE

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

Monthly Payment

AED 20,225

Down Payment

AED 60,020

Total Cost

AED 302,720

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 20,225	AED 222,475
2	AED 20,225	AED 202,250
3	AED 20,225	AED 182,025
4	AED 20,225	AED 161,800
5	AED 20,225	AED 141,575
6	AED 20,225	AED 121,350
7	AED 20,225	AED 101,125
8	AED 20,225	AED 80,900
9	AED 20,225	AED 60,675
10	AED 20,225	AED 40,450
11	AED 20,225	AED 20,225
12	AED 20,225	AED 0

Monthly Payment Composition

Interest: 219

Principal: 20006

718 Cayman S 2.5L A/T Car Loan Calculator FAQs in UAE

The main requirements typically include a valid residency visa, proof of income (such as salary slips), a good credit score, and sometimes a down payment.
Yes, taking a car loan can affect your credit score. Timely payments can help improve it, while missed payments can decrease it.
Factors include your credit score, the loan amount, the loan term, and the current market rates.
The typical loan tenure ranges from 1 to 5 years, depending on the lender's policies and your financial situation.
Yes, there may be processing fees, insurance costs, and other administrative charges that you should be aware of.