What are the loan options available for purchasing a Rolls Royce Phantom 2020 6.75L Drophead Coupe in Bahrain?

In Bahrain, you can typically find both bank loans and dealership financing options for purchasing a Rolls Royce Phantom. It's advisable to compare interest rates and terms from different lenders.

How does taking a loan for a car affect my credit score in Bahrain?

Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can lower your score significantly.

What documents are required to apply for a car loan in Bahrain?

Generally, you will need to provide your ID, proof of income, bank statements, and details of the vehicle you wish to purchase.

What factors can influence the interest rate for my car loan?

Factors influencing the interest rate include your credit score, the loan amount, repayment term, and the lender's policies.

Is it better to get a loan from a bank or financing through the dealership for a Rolls Royce?

It depends on the interest rates and terms offered. Banks may provide lower rates, while dealerships might offer promotional financing. It's best to compare both options.

CarteaCar Loan Calculator

Rolls Royce Phantom 2020 6.75L Drophead Coupe Car Loan Calculator in BAHRAIN

To finance this car, you can first calculate the installment price in BAHRAIN

Monthly Payment

BHD 13,950

Down Payment

BHD 41,400

Total Cost

BHD 208,800

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	BHD 13,950	BHD 153,450
2	BHD 13,950	BHD 139,500
3	BHD 13,950	BHD 125,550
4	BHD 13,950	BHD 111,600
5	BHD 13,950	BHD 97,650
6	BHD 13,950	BHD 83,700
7	BHD 13,950	BHD 69,750
8	BHD 13,950	BHD 55,800
9	BHD 13,950	BHD 41,850
10	BHD 13,950	BHD 27,900
11	BHD 13,950	BHD 13,950
12	BHD 13,950	BHD 0

Monthly Payment Composition

Interest: 150

Principal: 13800

Rolls Royce Phantom 2020 6.75L Drophead Coupe Car Loan Calculator FAQs in Bahrain

In Bahrain, you can typically find both bank loans and dealership financing options for purchasing a Rolls Royce Phantom. It's advisable to compare interest rates and terms from different lenders.
Taking a car loan can affect your credit score positively if you make timely payments. However, missing payments can lower your score significantly.
Generally, you will need to provide your ID, proof of income, bank statements, and details of the vehicle you wish to purchase.
Factors influencing the interest rate include your credit score, the loan amount, repayment term, and the lender's policies.
It depends on the interest rates and terms offered. Banks may provide lower rates, while dealerships might offer promotional financing. It's best to compare both options.