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.
On an $18,000 loan for a used car (roughly the average amount borrowed) at a 17.72% rate with a six-year repayment period (a typical duration), the monthly payment is $407.70, compared with $365.24 for the same loan on a new car with a 13.41% rate.redit analysts say used-car buyers tend to have poorer credit â which is why they end up paying more. Borrowers who signed up for a used-car loan in the second quarter had an average credit score of 660, versus an average score of 749 for new-car loans, according to Experian.