What are the loan options available for purchasing a Tesla Model S 2020 Performance (AWD) in the UAE?

In the UAE, you can choose from various loan options such as traditional bank loans, dealership financing, and Islamic financing. Each option has different terms and interest rates.

How do I apply for a car loan for a Tesla Model S 2020 Performance (AWD)?

To apply for a car loan, you typically need to provide your identification, proof of income, and details about the vehicle. You can apply online or visit a bank branch.

Will taking out a loan for my Tesla Model S 2020 Performance (AWD) affect my credit score?

Yes, taking out a loan can affect your credit score. It may lower your score initially due to the hard inquiry, but timely payments can improve your score over time.

What should I consider before taking out a car loan for a Tesla Model S 2020 Performance (AWD)?

Before taking out a loan, consider the interest rate, loan term, monthly payments, total cost of the loan, and your budget to ensure you can afford it.

What factors can affect the interest rate on my car loan for a Tesla Model S 2020 Performance (AWD)?

Factors that can affect the interest rate include your credit score, the loan amount, the length of the loan, and prevailing market rates.

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Tesla Model S 2020 Performance (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 29,174

Down Payment

AED 86,580

Total Cost

AED 436,668

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 29,174	AED 320,914
2	AED 29,174	AED 291,740
3	AED 29,174	AED 262,566
4	AED 29,174	AED 233,392
5	AED 29,174	AED 204,218
6	AED 29,174	AED 175,044
7	AED 29,174	AED 145,870
8	AED 29,174	AED 116,696
9	AED 29,174	AED 87,522
10	AED 29,174	AED 58,348
11	AED 29,174	AED 29,174
12	AED 29,174	AED 0

Monthly Payment Composition

Interest: 314

Principal: 28860

Tesla Model S 2020 Performance (AWD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various loan options such as traditional bank loans, dealership financing, and Islamic financing. Each option has different terms and interest rates.
To apply for a car loan, you typically need to provide your identification, proof of income, and details about the vehicle. You can apply online or visit a bank branch.
Yes, taking out a loan can affect your credit score. It may lower your score initially due to the hard inquiry, but timely payments can improve your score over time.
Before taking out a loan, consider the interest rate, loan term, monthly payments, total cost of the loan, and your budget to ensure you can afford it.
Factors that can affect the interest rate include your credit score, the loan amount, the length of the loan, and prevailing market rates.