User



Celebrating 3 Years of Qatar Living


Who's online

There are currently 174 users and 1981 guests online.

Online users

  • mata hari
  • aquesha
  • Alexa
  • dark_knight_begins
  • Adorman

Recent comments




Home › Answers › Investment and Finance

ALTERNATE FINANCE OPTIONS FOR CARS

ALTERNATE FINANCE OPTIONS FOR CARS

My collegue wants to buy a car through car loan. He already has a personal loan in his name. So the bank people said that he cannot have another loan to his name. He earns much more than what they show in his salary certificate through overtime and incentives.

from where can he get a car loan?

what are the other option he has? what about companies like first finance etc?
mufy's picture
Answer this Question
Posted in:
By mufy
Sun, 07/09/2008 - 1:58pm

Answers

VBProgrammer's picture
VBProgrammer
 

IF it is possible to re-apply a loan (money) from the bank, then that would be the practical solution to that problem and pay the car in cash. I mean, if you have 100,000 loan in the bank, you reloan for another 100,000 in the same name, i think the bank will grant that for as long as your salary can afford.

THen you have option to buy slightly used cars. if that's ur option, i am selling my Mitsubishi Lancer GLX-2007 model, very well maintened, no accident, 22,000km mileange, fully loaded and atuomatic, alloy mugs, excellent condition, effective and valid car insurance. Im selling it for only QR 47,000. This is the best car buying option so far.

Answered on Sun, 07/09/2008 - 2:37pm
If you like this answer
give it a thumbs up.
0
 
 
NB's picture
NB
 

I think you can go for a loan transfer in this case. If you wish I can give you the Doha bank agent's phone number to contact. I am selling a 2 months old vehicle as I am leaving. Please check my ad on this post, http://www.qatarlivi...

The EMi of the amount is pretty less. If you need the Doha Bank agent's ph#, PM me, I will try to help you.

Hope this helps!
Answered on Sun, 07/09/2008 - 2:43pm
If you like this answer
give it a thumbs up.
0
 
 
Join the Qatar Living Community

Events

Add to iCalendar
more
Qatar Living Cars Classifieds
Qatar Living Events Listings
Qatar Living Classifieds

Poll

Do you agree : "This House believes that Gulf Arabs value profit over people"
Yes
79%
No
9%
No more than other countries do
13%
Total votes: 228
Qatar Living is an online community for everyone living in or interested in the State of Qatar. All trademarks and copyrights on this page are owned by their respective owners. Comments are owned by the Poster. The views reflected by members on this site are their own and do not necessarily reflect those of Qatar Living. Qatar Living is not responsible for any material submitted to the site. Any material posted is not endorsed, reviewed or approved by the Website Owner.