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Kuwait - Car loans

by Kuwait Authors last modified 2007-02-02 05:43

Vehicles may be purchased on a hire purchase basis, or you can arrange for a loan from the bank for the full amount.

In the case of a hire purchase arrangement, the dealer effectively sells the car to a finance house, to whom you are required to pay monthly installments.
A deposit is required.
Check whether the agreed amount for a new vehicle covers insurance, both third party and comprehensive.
To purchase a car in this way you will need to be in possession of a valid Civil ID, driving licence, have a copy of your rent agreement (to provide proof of your address) and have a letter from your employer confirming that you are employed and providing details of your salary. 


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