Expedition 3.5L EcoBoost XLT Car Loan Calculator in UAE

The car loan process involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documentation, and signing the loan agreement after approval.

Yes, applying for a car loan can affect your credit score. A hard inquiry is made on your credit report, and timely payments can improve your score while missed payments can lower it.

Factors influencing car loan interest rates include your credit score, the loan amount, the loan term, the bank's policies, and the overall economic conditions.

Common documents required include a valid ID, proof of income, bank statements, a credit report, and details of the vehicle.

Some banks may charge prepayment penalties for paying off the loan early, while others may not. It's essential to check with your lender before signing the agreement.