What are the requirements for obtaining a car loan for the BMW X6 2024 xDrive40i M Sport in KSA?

To obtain a car loan for the BMW X6 2024, you typically need to provide proof of income, identification, a good credit score, and possibly a down payment.

How does taking a car loan affect my credit score in KSA?

Taking a car loan can initially lower your credit score due to the hard inquiry, but if you make timely payments, it can improve your credit score over time.

What should I consider before applying for a BMW X6 car loan?

Before applying, consider your budget, the interest rates offered, loan terms, and whether you can afford the monthly payments.

What factors affect the interest rate for a car loan in KSA?

Factors that affect the interest rate include your credit score, loan term, the lender’s policies, and the overall economic conditions.

Can I refinance my car loan for the BMW X6 later on?

Yes, you can refinance your car loan later if you find a better interest rate or want to change the loan terms.

CarteaCar Loan Calculator

BMW X6 2024 xDrive40i M Sport Car Loan Calculator in KSA

To finance this car, you can first calculate the installment price in KSA

Monthly Payment

SAR 30,874

Down Payment

SAR 91,625

Total Cost

SAR 462,113

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 30,874	SAR 339,614
2	SAR 30,874	SAR 308,740
3	SAR 30,874	SAR 277,866
4	SAR 30,874	SAR 246,992
5	SAR 30,874	SAR 216,118
6	SAR 30,874	SAR 185,244
7	SAR 30,874	SAR 154,370
8	SAR 30,874	SAR 123,496
9	SAR 30,874	SAR 92,622
10	SAR 30,874	SAR 61,748
11	SAR 30,874	SAR 30,874
12	SAR 30,874	SAR 0

Monthly Payment Composition

Interest: 333

Principal: 30541

BMW X6 2024 xDrive40i M Sport Car Loan Calculator FAQs in KSA

To obtain a car loan for the BMW X6 2024, you typically need to provide proof of income, identification, a good credit score, and possibly a down payment.
Taking a car loan can initially lower your credit score due to the hard inquiry, but if you make timely payments, it can improve your credit score over time.
Before applying, consider your budget, the interest rates offered, loan terms, and whether you can afford the monthly payments.
Factors that affect the interest rate include your credit score, loan term, the lender’s policies, and the overall economic conditions.
Yes, you can refinance your car loan later if you find a better interest rate or want to change the loan terms.