What is the car loan process for purchasing the LS 350 Prestige 3.5L in UAE?

The car loan process typically involves selecting a lender, providing necessary documentation, applying for the loan, and awaiting approval. Once approved, you can finalize the purchase.

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

Yes, taking a car loan can impact your credit score. Timely payments can improve your score, while missed payments can have a negative effect.

What should I consider before applying for a car loan?

Consider your budget, interest rates, loan terms, and your ability to make monthly payments. Also, review the lender’s reputation.

What factors affect the interest rate on a car loan in UAE?

Factors include your credit score, the loan amount, the loan term, and the lender's policies. Economic conditions can also play a role.

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

Yes, there may be additional fees such as processing fees, insurance, and early repayment penalties. Always ask your lender for a complete breakdown.

CarteaCar Loan Calculator

LS 350 Prestige 3.5L (312 HP) Car Loan Calculator in UAE

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

Monthly Payment

AED 24,598

Down Payment

AED 73,000

Total Cost

AED 368,176

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 24,598	AED 270,578
2	AED 24,598	AED 245,980
3	AED 24,598	AED 221,382
4	AED 24,598	AED 196,784
5	AED 24,598	AED 172,186
6	AED 24,598	AED 147,588
7	AED 24,598	AED 122,990
8	AED 24,598	AED 98,392
9	AED 24,598	AED 73,794
10	AED 24,598	AED 49,196
11	AED 24,598	AED 24,598
12	AED 24,598	AED 0

Monthly Payment Composition

Interest: 265

Principal: 24333

LS 350 Prestige 3.5L (312 HP) Car Loan Calculator FAQs in UAE

The car loan process typically involves selecting a lender, providing necessary documentation, applying for the loan, and awaiting approval. Once approved, you can finalize the purchase.
Yes, taking a car loan can impact your credit score. Timely payments can improve your score, while missed payments can have a negative effect.
Consider your budget, interest rates, loan terms, and your ability to make monthly payments. Also, review the lender’s reputation.
Factors include your credit score, the loan amount, the loan term, and the lender's policies. Economic conditions can also play a role.
Yes, there may be additional fees such as processing fees, insurance, and early repayment penalties. Always ask your lender for a complete breakdown.