What financing options are available for purchasing a Ferrari 812 GTS 2024 in KSA?

In KSA, you can explore various financing options such as bank loans, leasing options, or dealership financing. It's important to compare interest rates and terms across different banks.

How does taking a loan for a Ferrari affect my credit score?

Taking out a loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your credit score.

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

Key factors include your credit history, income level, loan amount, interest rates, and the loan term. Ensure you have all necessary documents ready before applying.

Are there any specific requirements for getting a loan for a luxury car like the Ferrari 812 GTS?

Yes, lenders may require a higher credit score, a larger down payment, and proof of income. Be prepared to provide additional documentation for luxury car financing.

What factors can influence the interest rate on a car loan in KSA?

Factors include your credit score, loan term, market interest rates, and the lender's policies. It's advisable to shop around for the best rates.

CarteaCar Loan Calculator

Ferrari 812 GTS 2024 6.5L V12 Car Loan Calculator in KSA

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

Monthly Payment

SAR 117,935

Down Payment

SAR 350,000

Total Cost

SAR 1,765,220

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 117,935	SAR 1,297,285
2	SAR 117,935	SAR 1,179,350
3	SAR 117,935	SAR 1,061,415
4	SAR 117,935	SAR 943,480
5	SAR 117,935	SAR 825,545
6	SAR 117,935	SAR 707,610
7	SAR 117,935	SAR 589,675
8	SAR 117,935	SAR 471,740
9	SAR 117,935	SAR 353,805
10	SAR 117,935	SAR 235,870
11	SAR 117,935	SAR 117,935
12	SAR 117,935	SAR 0

Monthly Payment Composition

Interest: 1269

Principal: 116666

Ferrari 812 GTS 2024 6.5L V12 Car Loan Calculator FAQs in KSA

In KSA, you can explore various financing options such as bank loans, leasing options, or dealership financing. It's important to compare interest rates and terms across different banks.
Taking out a loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your credit score.
Key factors include your credit history, income level, loan amount, interest rates, and the loan term. Ensure you have all necessary documents ready before applying.
Yes, lenders may require a higher credit score, a larger down payment, and proof of income. Be prepared to provide additional documentation for luxury car financing.
Factors include your credit score, loan term, market interest rates, and the lender's policies. It's advisable to shop around for the best rates.