Car Loan

bcolumbian
By bcolumbian

With a 2000 QAR transportation allowance per month, how much total loan can I take out to buy a car?

Also, what would the terms be?

Any help is appreciated.

By bcolumbian• 16 Jan 2012 09:09
bcolumbian

Thank you guys! I'm doing some research before I can get one...my net will be 15000 QAR.

By Lucky Luciano• 16 Jan 2012 08:59
Rating: 2/5
Lucky Luciano

Maximum loan will be 50% of your pay including car alowance.

By boer• 16 Jan 2012 06:53
Rating: 5/5
boer

then you will be able to buy a car of approx QR 100 000. You would need a 20% deposit plus insurance which is a total of about QR 24 500 down. But as per qlrues the bank will assess you on available net pay - i.e. gross salary minus rent, school fees and reasonable living expenses.

By qlrues• 16 Jan 2012 06:49
qlrues

depends on your net pay, not transportation allowance.

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