What is the car loan process for purchasing a 718 Cayman Style Edition (295 HP) A/T in the UAE?

The car loan process typically involves selecting a lender, submitting your application with necessary documents, receiving loan approval, and finalizing the loan agreement before purchasing the vehicle.

Will taking a car loan for a 718 Cayman Style Edition (295 HP) A/T affect my credit score?

Yes, taking a car loan can impact your credit score, as it involves a hard inquiry on your credit report. However, timely payments can help improve your score over time.

What should I consider before applying for a car loan for a 718 Cayman Style Edition (295 HP) A/T?

Consider your budget, interest rates, loan terms, your credit history, and the total cost of ownership, including insurance and maintenance.

What factors can affect the loan interest rate for a 718 Cayman Style Edition (295 HP) A/T?

Factors include your credit score, the loan term, the lender's policies, current market rates, and the vehicle's age and value.

Are there any specific documents required for a car loan application for a 718 Cayman Style Edition (295 HP) A/T?

Yes, you typically need to provide identification, proof of income, bank statements, and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

718 Cayman Style Edition (295 HP) A/T Car Loan Calculator in UAE

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

Monthly Payment

AED 19,355

Down Payment

AED 57,440

Total Cost

AED 289,700

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 19,355	AED 212,905
2	AED 19,355	AED 193,550
3	AED 19,355	AED 174,195
4	AED 19,355	AED 154,840
5	AED 19,355	AED 135,485
6	AED 19,355	AED 116,130
7	AED 19,355	AED 96,775
8	AED 19,355	AED 77,420
9	AED 19,355	AED 58,065
10	AED 19,355	AED 38,710
11	AED 19,355	AED 19,355
12	AED 19,355	AED 0

Monthly Payment Composition

Interest: 209

Principal: 19146

718 Cayman Style Edition (295 HP) A/T Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a lender, submitting your application with necessary documents, receiving loan approval, and finalizing the loan agreement before purchasing the vehicle.
Yes, taking a car loan can impact your credit score, as it involves a hard inquiry on your credit report. However, timely payments can help improve your score over time.
Consider your budget, interest rates, loan terms, your credit history, and the total cost of ownership, including insurance and maintenance.
Factors include your credit score, the loan term, the lender's policies, current market rates, and the vehicle's age and value.
Yes, you typically need to provide identification, proof of income, bank statements, and details about the vehicle you wish to purchase.