What is the car loan process for purchasing an Exeed LX 2024 1.5T Comfort in KSA?

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

Will taking out a car loan affect my credit score in KSA?

Yes, taking out a car loan can impact your credit score. It may improve your score if you make timely payments, but missed payments can significantly lower it.

What factors should I consider when applying for a car loan for the Exeed LX 2024?

Consider factors such as interest rates, loan tenure, monthly payment amounts, and any additional fees associated with the loan.

What are the common requirements for obtaining a car loan in KSA?

Common requirements include proof of income, employment verification, identity documents, and sometimes a down payment.

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

Factors include your credit score, the amount of the loan, the loan tenure, and the policies of the lending institution.

CarteaCar Loan Calculator

Exeed LX 2024 1.5T Comfort Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,510

Down Payment

SAR 19,320

Total Cost

SAR 97,440

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,510	SAR 71,610
2	SAR 6,510	SAR 65,100
3	SAR 6,510	SAR 58,590
4	SAR 6,510	SAR 52,080
5	SAR 6,510	SAR 45,570
6	SAR 6,510	SAR 39,060
7	SAR 6,510	SAR 32,550
8	SAR 6,510	SAR 26,040
9	SAR 6,510	SAR 19,530
10	SAR 6,510	SAR 13,020
11	SAR 6,510	SAR 6,510
12	SAR 6,510	SAR 0

Monthly Payment Composition

Interest: 70

Principal: 6440

Exeed LX 2024 1.5T Comfort Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for the loan through a bank or financial institution, providing necessary documentation, and then waiting for approval before finalizing the purchase.
Yes, taking out a car loan can impact your credit score. It may improve your score if you make timely payments, but missed payments can significantly lower it.
Consider factors such as interest rates, loan tenure, monthly payment amounts, and any additional fees associated with the loan.
Common requirements include proof of income, employment verification, identity documents, and sometimes a down payment.
Factors include your credit score, the amount of the loan, the loan tenure, and the policies of the lending institution.