What are the financing options available for purchasing a Tesla Model X 2021 Long Range (AWD) in the UAE?

In the UAE, you can choose from various financing options including bank loans, dealer financing, and personal loans. Most banks offer competitive rates for car loans.

How do I apply for a car loan for the Tesla Model X 2021 Long Range (AWD)?

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

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

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

What should I be aware of when taking a car loan in the UAE?

Be aware of the interest rates, loan terms, and any additional fees. It's important to read the fine print and understand the total cost of the loan.

What factors can influence the interest rate for my car loan?

Factors include your credit score, the loan amount, the loan term, and the bank's current rates. A higher credit score generally leads to a lower interest rate.

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Tesla Model X 2021 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 2021 Long Range (AWD) Car Loan Calculator FAQs in UAE

In the UAE, you can choose from various financing options including bank loans, dealer financing, and personal loans. Most banks offer competitive rates for car loans.
To apply for a car loan, you typically need to provide your identification documents, 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 temporarily due to the hard inquiry, but making timely payments can improve it over time.
Be aware of the interest rates, loan terms, and any additional fees. It's important to read the fine print and understand the total cost of the loan.
Factors include your credit score, the loan amount, the loan term, and the bank's current rates. A higher credit score generally leads to a lower interest rate.