MG RX5 2024 1.5T DEL Car Loan Calculator in KUWAIT

There are typically two options:bank financing and dealership financing. Banks offer personal loans specifically for car purchases, while dealerships may have partnerships with banks to provide financing directly.

Taking a car loan can impact your credit score positively or negatively. Timely payments can improve your score, while missed payments can lower it. It's important to manage your payments responsibly.

Consider your budget, interest rates, loan terms, and your ability to make monthly payments. Additionally, check for any hidden fees or charges associated with the loan.

Factors include your credit score, the amount of the down payment, the loan term, and the lender's policies. Generally, a higher credit score can result in lower interest rates.

Yes, refinancing is possible. It may help you obtain a lower interest rate or reduce your monthly payments, but ensure that the terms are favorable compared to your current loan.