Porsche Panamera 2020 4S Car Loan Calculator in UAE

In the UAE, you can choose between several financing options such as bank loans, dealership financing, and leasing. Each option has its own benefits and terms, so it’s important to compare them.

Taking a loan to purchase a vehicle can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.

Consider your budget, the total cost of the loan (including interest rates), your credit score, and the loan term. It's also important to check for additional fees and insurance requirements.

Factors influencing your interest rate include your credit score, the loan term, the lender's policies, and current market conditions. A higher credit score typically leads to lower interest rates.

It depends on your financial situation and preferences. Buying may be better if you plan to keep the car long-term, while leasing can offer lower monthly payments and the option to drive a new car every few years.