The country of first entry point shall collect the customs duties on consignments of goods and deposit them in the customs union accounts for the purposes of setoff for the benefit of the country of final destination within the GCC states upon presenting a proof of arrival of such consignments in that country.
Installment debt involves paying a certain amount each month over a predetermine period of time. An automobile loan is an installment debt. An interest rate is applied and paid out over say three to five years in most cases. Installment debt payments rarely change as most are fixed rate loans. However, the installment payment can be ignored if there are less than 10 months remaining, boosting borrowing power.
For example, on a $30,000 car, youâd finance the entire $30,000 purchase price with a car loan. With a car lease, you only pay the difference between the carâs price and what itâs expected to be worth at the end of the lease, which is a carâs residual value.So if the carâs residual value is 55 percent after three years, for example, that means the $30,000 car would be worth $16,500 at the end of the lease.Youâd make lease payments on the remaining $13,500 and not the full $30,000. If you only have a small down payment saved up, leasing may also be better for you.ost shoppers arenât able to pay cash for a new car, so youâll need to decide how youâre going to finance it. While many people take out a car loan, leasing a new car is simply another form of new-car financing.