any idea of car rates??

georgejose
By georgejose

Hi any idea, how much a brand new 1st end car will cost me and if i am taking a loan, how much i have to pay per month to the bank?
m planning 2 buy either Honda CRV or Nissan Murano.

By jeaux90• 28 Mar 2011 13:58
jeaux90

No, you can change jobs within qatar, your new company will provide a letter so you can keep the loan at repayment agreed originally.

I am leaving Qatar soon and am going to transfer the bank loan I have for my car to the next buyer as long as they are eligable for the loan. You can do this no problem.

I have a Toureg V8 if you are interested :)

By georgejose• 28 Mar 2011 13:41
georgejose

thanks express for the info.... so just in case i am changing my job b4 5ys, do i need 2 pay the entire amount to the bank b4 joining a new company???

By s_isale• 27 Mar 2011 06:52
s_isale

cant he just pickup a phone and call the relevant agencies and get the rates? That wouldnt take up much time isnt it?

By anonymous• 27 Mar 2011 05:45
Rating: 5/5
anonymous

Car loan rates are usually "Flat" the average/normal bank rates are between 4.5 to 6% (promos excluded) So if you are buying a car (eg. CRV - QAR.100,000/-) on a 5 year loan @ 5%; add 2.5% - 3% Processing fee + 25% interest + first year insurance say 5% ... your total to pay bank is 100,000+2500+25000+5000 i.e., 132,000 therefore monthly instalment would be 132,000/60 = QAR.2,208/- and it could vary slightly depending on the grace period you choose or bank offers for the first repayment. You can get the same terms from car dealer's inhouse financing (if bankloan doesnt work) but the rate could be 7.5-8.5%

Good luck

By nadec2005• 27 Mar 2011 00:14
Rating: 4/5
nadec2005

you have to pay atleast 10,000qr more if you buy car over loan.

the loan also depends on you salary. the bank will cut min. 1500qr per month and that also depends on how many years you want to pay loan, 3/5.

better contact with any showroom person.

By anonymous• 26 Mar 2011 23:38
anonymous

Oh my, didn't think of that. Surely 2 hours is way too much time to spend on buying a car.

By Wadi Arte• 26 Mar 2011 23:33
Wadi Arte

These are two different brands; does this mean hes going to have to go to both these showrooms? That'll be about two hours...to buy a car?

By anonymous• 26 Mar 2011 22:56
anonymous

Did you ever consider visiting a showroom to know the prices?

Some people do that and they tell me it works.

By Hawk10• 26 Mar 2011 22:50
Rating: 3/5
Hawk10

Better spare only one hour of your schedule and visit any Show Room, you will sure come to know the latest prices and they will guide you for the bank installments also.

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