Dubai Car Allowance
Discussion
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....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?
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.
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.
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.
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