All the rules changed since May 2011 by central bank (new circular), but you can do something smart by increasing the car value with 20% to cover the down payment of the bank then when the cheque issued for the beneficiary/vendor you can get back the 20% deference.
Call me if you need more information
Moe
050/ 7311805
Do What You Like...Like What You Do
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2005 Blue kJ
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Mohamed Marwan - Cell # 050/7311 805 Moe@ad4x4.com
moe wrote:All the rules changed since May 2011 by central bank (new circular), but you can do something smart by increasing the car value with 20% to cover the down payment of the bank then when the cheque issued for the beneficiary/vendor you can get back the 20% deference.
Call me if you need more information
Moe
050/ 7311805
This is what was tried to be done. Bun Standard Chartered did not get it accepted. Now Agency is trying trough other banks. Yet meanwhile im also trying to get some solution
Will give u call, maybe something is possible here.
pay the 20% down payment by credit card and get your loan from ADIB they will give the 1st 3months without instalment in this time you can pay for your credit card
Waleed Al-Sharaan Toyota PRADO VX 2005 B21717 +971-50-5446434waleed@ad4x4.com IF you haven't been to LIWA, then YOU haven't seen the DESERT yet...... Peace And Love, - - - - - Marshal