How much deposit do I need to buy a car in Namibia?
A ten percent deposit, 30 percent balloon payment, repayment period of 60 months with the option of a three months repayment holiday.
Which bank is best for car loan in Namibia?
WesBank is the largest provider of vehicles in finance for the purchase of vehicles in Namibia. Vehicle finance can be arranged through any FNB branch.
What do I need to buy a car in Namibia?
A few requirements to buy a new car (with bank financing) is essentially that you must have bank account. You must have a valid Namibian Driver’s license. You need to have good credit (not on some sort of blacklist) and you need to be employed permanently (at least for the last six months).
How much does it cost to ship a car to Namibia?
Typical Shipping Prices – How Much Does It Cost? South Africa is one of the most expensive areas of the world to ship a car and Namibia is no exception. Most vehicles shipped to the area from the U.S. cost between $3,000 and $7,000 to transport.
What should be the monthly salary to buy a car?
Keep your car payment to 10% of your salary, including EMIs and insurance expenses. Longer the loan term, greater the interest you pay. At 11 %, the 20/4/10 rule indirectly limits your car budget to about 4 months of your salary. That’s lesser than if you had not taken a loan.
What salary should I have to buy a car?
Remember the thumb rule: Always remember the thumb rule of not spending more than half of your annual income on a new car. For instance, if an individual earns Rs 10 lakh per annum, the ideal budget for the vehicle would be Rs. 5 lakhs
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You need to be employed permanently (at least for the last six months).