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.
However, car leasing requires a higher credit score compared to car loans, therefore, a lessee should know what the required credit score for a car lease is before leasing a car. The reason behind the higher credit score needed to lease a car is the nature of a car lease.For most financing companies, approving a car lease is seen as a higher risk than approving a car loan.any leasing agencies will require no down payments as well as lower interest rates for lessees with a credit score beyond 720. This is the best credit score needed to lease a car.