What are the financing options available for purchasing a Tesla Model X 2020 Long Range (AWD) in UAE?

In UAE, financing options for purchasing a Tesla Model X include bank loans, dealership financing, and leasing options. It's important to compare interest rates and terms from different lenders.

How can I apply for a car loan for the Tesla Model X in UAE?

You can apply for a car loan by visiting a bank or financial institution's website, filling out an application form, and submitting required documents such as proof of income, identification, and vehicle details.

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

Yes, applying for a car loan can impact your credit score. A hard inquiry is made when you apply, and timely payments can improve your score, while missed payments may harm it.

What should I consider before taking a loan for a Tesla Model X?

Consider factors such as the interest rate, loan term, monthly payment, your budget, and whether you can afford the total cost of ownership including insurance and maintenance.

What factors can affect the loan interest rate for Tesla Model X in UAE?

Factors include your credit score, loan amount, loan term, current market rates, and the lender's policies. A higher credit score usually results in a lower interest rate.

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Tesla Model X 2020 Long Range (AWD) Car Loan Calculator in UAE

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

Monthly Payment

AED 23,528

Down Payment

AED 69,825

Total Cost

AED 352,161

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 23,528	AED 258,808
2	AED 23,528	AED 235,280
3	AED 23,528	AED 211,752
4	AED 23,528	AED 188,224
5	AED 23,528	AED 164,696
6	AED 23,528	AED 141,168
7	AED 23,528	AED 117,640
8	AED 23,528	AED 94,112
9	AED 23,528	AED 70,584
10	AED 23,528	AED 47,056
11	AED 23,528	AED 23,528
12	AED 23,528	AED 0

Monthly Payment Composition

Interest: 253

Principal: 23275

Tesla Model X 2020 Long Range (AWD) Car Loan Calculator FAQs in UAE

In UAE, financing options for purchasing a Tesla Model X include bank loans, dealership financing, and leasing options. It's important to compare interest rates and terms from different lenders.
You can apply for a car loan by visiting a bank or financial institution's website, filling out an application form, and submitting required documents such as proof of income, identification, and vehicle details.
Yes, applying for a car loan can impact your credit score. A hard inquiry is made when you apply, and timely payments can improve your score, while missed payments may harm it.
Consider factors such as the interest rate, loan term, monthly payment, your budget, and whether you can afford the total cost of ownership including insurance and maintenance.
Factors include your credit score, loan amount, loan term, current market rates, and the lender's policies. A higher credit score usually results in a lower interest rate.