Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_1 like Mac OS X; en-us) AppleWebKit/532.9 (KHTML, like Gecko) Version/4.0.5 Mobile/8B117 Safari/6531.22.7)
Yes banks do categories cars for credit approval purpose depending depreciation and risk factor other than being a sports car or SUV, so they might place a sport car with SUV in the same category if they both depreciate faster for example.
Every bank is different but depending on their credit department and how desperate they are to finance a car, usually banks will concentrate on auto loans or auto finance(Islamic banks) until they meet their targets, that’s when they increase the interest or profit(Islamic banks) rates. Also assets and liabilities management is involved here, a bank can’t have too much lending with comparison with its borrowing, and there are other factors as well…
Meskovic
this is as far as i understand (correct me if i am wrong) a public forum, where people share ideas on how to make the bmw lifestyle better and more pleasurable and enjoyable..where we benefit from others mistakes and learn from our own ,share experiences..all in a common goal to make everything and everyone better, not the opposite.. do i need to remind everyone of all the laughs we had and how many times we shared food and shisha together..how many times we all stayed up late to fix anothers friend (brother) issues?? This is what makes a community, us, people..a common understanding and fellowship..respect
Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_1 like Mac OS X; en-us) AppleWebKit/532.9 (KHTML, like Gecko) Version/4.0.5 Mobile/8B117 Safari/6531.22.7)
Wirelessly posted (Mozilla/5.0 (iPhone; U; CPU iPhone OS 4_1 like Mac OS X; fr-fr) AppleWebKit/532.9 (KHTML, like Gecko) Version/4.0.5 Mobile/8B117 Safari/6531.22.7)
Originally posted by Ehssan
As far as i know is that used cars loans only 4 years max , new cars can get 5 years loan .. it has nothing to do with categories ...
what is the interest rate adcb is offering?
so what they are telling you is, cause its a 'sports car' you cannot get 5yr loan, only 4yrs?
is cost of the car exceeding 400k aed? i saw on adcb website(or some other uae bank) that the interest rate is more if price of car is above 400k and also loan period was one yr less if i remember correctly.
this is as far as i understand (correct me if i am wrong) a public forum, where people share ideas on how to make the bmw lifestyle better and more pleasurable and enjoyable..where we benefit from others mistakes and learn from our own ,share experiences..all in a common goal to make everything and everyone better, not the opposite.. do i need to remind everyone of all the laughs we had and how many times we shared food and shisha together..how many times we all stayed up late to fix anothers friend (brother) issues?? This is what makes a community, us, people..a common understanding and fellowship..respect
Comment