What are the loan options available for purchasing a Tesla Model X 2020 P100D in UAE?

In the UAE, various banks offer car loans for purchasing a Tesla Model X 2020 P100D, typically ranging from 3 to 7 years with interest rates varying between 2.5% to 5%. It's best to compare offers from different banks.

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

You can apply for a car loan by visiting the bank's website or branch, providing necessary documents such as proof of income, identification, and details of the vehicle. Online applications are also commonly available.

Will taking out a loan for a Tesla Model X affect my credit score?

Yes, taking out a loan can impact your credit score. A new loan application may result in a hard inquiry which could temporarily lower your score. However, timely repayments can positively affect it over time.

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

Consider your financial situation, the total cost of the loan including interest, the terms and conditions of the loan, and ensure that your monthly payments fit within your budget.

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

Factors affecting the interest rate include your credit score, loan amount, loan term, and the bank's policies. Additionally, economic conditions and market rates may also play a role.

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Tesla Model X 2020 P100D 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 P100D Car Loan Calculator FAQs in UAE

In the UAE, various banks offer car loans for purchasing a Tesla Model X 2020 P100D, typically ranging from 3 to 7 years with interest rates varying between 2.5% to 5%. It's best to compare offers from different banks.
You can apply for a car loan by visiting the bank's website or branch, providing necessary documents such as proof of income, identification, and details of the vehicle. Online applications are also commonly available.
Yes, taking out a loan can impact your credit score. A new loan application may result in a hard inquiry which could temporarily lower your score. However, timely repayments can positively affect it over time.
Consider your financial situation, the total cost of the loan including interest, the terms and conditions of the loan, and ensure that your monthly payments fit within your budget.
Factors affecting the interest rate include your credit score, loan amount, loan term, and the bank's policies. Additionally, economic conditions and market rates may also play a role.