CarteaCar Loan Calculator

McLaren 540C 2018 3.8T Coupe Car Loan Calculator in UAE

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

select car *

car price (AED)*

down payment *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

AED 45,995

Down Payment

AED 136,500

Total Cost

AED 688,440

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1AED 45,995AED 505,945
2AED 45,995AED 459,950
3AED 45,995AED 413,955
4AED 45,995AED 367,960
5AED 45,995AED 321,965
6AED 45,995AED 275,970
7AED 45,995AED 229,975
8AED 45,995AED 183,980
9AED 45,995AED 137,985
10AED 45,995AED 91,990
11AED 45,995AED 45,995
12AED 45,995AED 0

Monthly Payment Composition

Interest: 495
Principal: 45500

McLaren 540C 2018 3.8T Coupe Car Loan Calculator FAQs in UAE

  • To obtain a car loan, you will need to apply through a bank or financial institution. You will typically need to provide identification, proof of income, and details about the vehicle.
  • Yes, taking out a loan can impact your credit score. If you make timely payments, it can improve your score, but missed payments can negatively affect it.
  • Consider the interest rate, loan term, monthly payments, and any fees associated with the loan. It's also important to check your credit score beforehand.
  • Interest rates for luxury car loans in the UAE typically range from 3% to 7% depending on the bank and your credit profile.
  • Many banks offer special promotions for luxury cars, including lower interest rates or flexible repayment plans. It's advisable to check with different banks for current offers.