What is the car loan process for purchasing the e-2008 GT Turbo in KSA?

The car loan process typically involves selecting a dealership, applying for the loan through a bank or financial institution, providing necessary documents, and then securing approval before finalizing the purchase.

Will taking out a loan for the e-2008 GT Turbo affect my credit score?

Yes, taking out a loan will affect your credit score. A new loan can lower your score slightly initially, but consistent payments will improve it over time.

What are the key factors to consider when applying for a car loan?

Consider the interest rates, loan terms, your financial situation, and any fees associated with the loan. It's also important to compare offers from different lenders.

What factors can influence the loan interest rates in KSA?

Factors include the central bank's rates, inflation, your credit score, and the overall economic conditions in KSA.

Are there any specific documents required for a car loan application in KSA?

Yes, typically you will need to provide identification, proof of income, bank statements, and details about the vehicle you wish to purchase.

CarteaCar Loan Calculator

e-2008 GT Turbo Car Loan Calculator in KSA

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

Monthly Payment

SAR 13,570

Down Payment

SAR 40,270

Total Cost

SAR 203,110

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 13,570	SAR 149,270
2	SAR 13,570	SAR 135,700
3	SAR 13,570	SAR 122,130
4	SAR 13,570	SAR 108,560
5	SAR 13,570	SAR 94,990
6	SAR 13,570	SAR 81,420
7	SAR 13,570	SAR 67,850
8	SAR 13,570	SAR 54,280
9	SAR 13,570	SAR 40,710
10	SAR 13,570	SAR 27,140
11	SAR 13,570	SAR 13,570
12	SAR 13,570	SAR 0

Monthly Payment Composition

Interest: 147

Principal: 13423

e-2008 GT Turbo Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting a dealership, applying for the loan through a bank or financial institution, providing necessary documents, and then securing approval before finalizing the purchase.
Yes, taking out a loan will affect your credit score. A new loan can lower your score slightly initially, but consistent payments will improve it over time.
Consider the interest rates, loan terms, your financial situation, and any fees associated with the loan. It's also important to compare offers from different lenders.
Factors include the central bank's rates, inflation, your credit score, and the overall economic conditions in KSA.
Yes, typically you will need to provide identification, proof of income, bank statements, and details about the vehicle you wish to purchase.