Financing — Automobile

: Some lenders offer special lower rates for Electric Vehicles (EVs) or hybrids.

: New cars generally enjoy lower rates (starting around 2.15% flat). Used cars often have higher rates and shorter repayment tenures, especially if the vehicle is more than 5–7 years old . automobile financing

: Arranged through the showroom, this is convenient but can include higher administration fees or "balloon payments" (large lump sums due at the end of the term). Eligibility & Requirements (UAE) : Some lenders offer special lower rates for

Automobile financing allows you to purchase a vehicle by borrowing money from a lender and repaying it over a set period, typically between . In the UAE, lenders typically finance up to 80% of a car's value , requiring a minimum 20% down payment in cash. Core Financing Types : Arranged through the showroom, this is convenient