What is the car loan process for purchasing a Changan CS85 2024 2.0T GDI Premium in KSA?

The car loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documents, and then signing the loan agreement after approval.

Will taking a loan to buy a Changan CS85 affect my credit score?

Yes, taking a loan can impact your credit score as it reflects your credit utilization and repayment history. Timely payments can improve your score, while missed payments can harm it.

What factors should I consider before applying for a car loan in KSA?

Consider factors such as your credit score, interest rates, loan terms, monthly payments, and whether the loan fits your budget.

What are the common interest rates for car loans in KSA?

Interest rates for car loans in KSA typically range from 3% to 7%, depending on the lender and your credit profile.

What documents are required to apply for a car loan in KSA?

Common documents required include your national ID, proof of income, bank statements, and information about the vehicle to be financed.

CarteaCar Loan Calculator

Changan CS85 2024 2.0T GDI Premium Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,750

Down Payment

SAR 23,000

Total Cost

SAR 116,000

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,750	SAR 85,250
2	SAR 7,750	SAR 77,500
3	SAR 7,750	SAR 69,750
4	SAR 7,750	SAR 62,000
5	SAR 7,750	SAR 54,250
6	SAR 7,750	SAR 46,500
7	SAR 7,750	SAR 38,750
8	SAR 7,750	SAR 31,000
9	SAR 7,750	SAR 23,250
10	SAR 7,750	SAR 15,500
11	SAR 7,750	SAR 7,750
12	SAR 7,750	SAR 0

Monthly Payment Composition

Interest: 84

Principal: 7666

Changan CS85 2024 2.0T GDI Premium Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for a loan through a bank or financial institution, providing necessary documents, and then signing the loan agreement after approval.
Yes, taking a loan can impact your credit score as it reflects your credit utilization and repayment history. Timely payments can improve your score, while missed payments can harm it.
Consider factors such as your credit score, interest rates, loan terms, monthly payments, and whether the loan fits your budget.
Interest rates for car loans in KSA typically range from 3% to 7%, depending on the lender and your credit profile.
Common documents required include your national ID, proof of income, bank statements, and information about the vehicle to be financed.