Dubai Car Allowance

[micawrx]

Hello

I am moving to Dubai soon and will receive a car allowance of $866 a month (3180 AED)

Two cars are required at some point.

What can I get 4x4 wise? No idea what that will get me?

How should I finance?

Got a Disco 4 at the moment in UK and would have another.

Thanks in advance

[K50 DEL]

given that the usual deals are around 2000 AED a month for a boggo Pug 207, I'm assuming that you're happy for your 3180 to cover just the 4x4 and the other vehicle will be on you?

If not, I think you'll struggle to be honest.

[micawrx]

Yes, just the 4x4.

...but I have spotted a few C63 AMG's second hand

How much of a loan would that get over 3 years do you think out there?

[After_Shock]

micawrx said:

Yes, just the 4x4.

...but I have spotted a few C63 AMG's second hand

How much of a loan would that get over 3 years do you think out there?

Should be able to borrow about 100k AED with that budget over 36 months, however you will need 20% deposit on anything new (yes its possible to get around but with you being new to the country the banks wont be overly keen on it) and you will need 3 months worth of pay slips before you can borrow anything car finance wise.

[Hitch78]

Depending upon who you work for and their relationship with their bank you can generally borrow whatever you want. I was offered a loan of 100% of my annual salary and housing allowance by HSBC two weeks after arriving - right at the peak of the credit crunch!

Many people here take car loans over five years to keep the payments low - you just need 20% upfront due to a new law that came in last year.

[oilydan]

I used to have a 6.0 litre Lumina SS (2010) for 3500 but that was due to high kms, IIRC on a 20k per year deal it was 2500 dhs...

[After_Shock]

Hitch78 said:

Depending upon who you work for and their relationship with their bank you can generally borrow whatever you want. I was offered a loan of 100% of my annual salary and housing allowance by HSBC two weeks after arriving - right at the peak of the credit crunch!

Who you work for does have a big impact as you say.

Although ive not had the experience with anyone who has 'just'árrived yet that the banks will lend money to, may well have changed a touch over the years since the crunch. The requirement for 3 salary transfers to your account is a minimum so 4 months ish wait till can get a car loan.

[micawrx]

Thanks for your help...

Will have to wait a few months for the mrs' car... and ill go second hand...

Ta!