What are the financing options available for purchasing the LX Flagship 1.6T in the UAE?

In the UAE, you can choose from various financing options such as bank loans, dealership financing, or leasing. Each option has its own terms and conditions.

How does taking a loan for the LX Flagship 1.6T affect my credit score?

Taking a loan can affect your credit score positively or negatively depending on your repayment history. Timely payments can improve your score, while missed payments can decrease it.

What should I consider when applying for a car loan for the LX Flagship 1.6T?

You should consider the interest rate, loan term, monthly payments, and any additional fees. It's also important to check your credit score beforehand.

What factors influence the interest rate for a car loan in the UAE?

Factors influencing the interest rate include your credit score, the duration of the loan, the bank's policies, and current market conditions.

Is it possible to get a loan for the LX Flagship 1.6T if I am a foreigner in the UAE?

Yes, many banks in the UAE offer car loans to foreigners, but you may need to provide additional documentation, such as proof of income and residency.

CarteaCar Loan Calculator

LX Flagship 1.6T Car Loan Calculator in UAE

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

Monthly Payment

AED 7,076

Down Payment

AED 21,000

Total Cost

AED 105,912

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 7,076	AED 77,836
2	AED 7,076	AED 70,760
3	AED 7,076	AED 63,684
4	AED 7,076	AED 56,608
5	AED 7,076	AED 49,532
6	AED 7,076	AED 42,456
7	AED 7,076	AED 35,380
8	AED 7,076	AED 28,304
9	AED 7,076	AED 21,228
10	AED 7,076	AED 14,152
11	AED 7,076	AED 7,076
12	AED 7,076	AED 0

Monthly Payment Composition

Interest: 77

Principal: 6999

LX Flagship 1.6T Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options such as bank loans, dealership financing, or leasing. Each option has its own terms and conditions.
Taking a loan can affect your credit score positively or negatively depending on your repayment history. Timely payments can improve your score, while missed payments can decrease it.
You should consider the interest rate, loan term, monthly payments, and any additional fees. It's also important to check your credit score beforehand.
Factors influencing the interest rate include your credit score, the duration of the loan, the bank's policies, and current market conditions.
Yes, many banks in the UAE offer car loans to foreigners, but you may need to provide additional documentation, such as proof of income and residency.