What are the loan terms for financing a Ford Ranger 2023 2.0T Double Cab (XLT) 4X4 in KSA?

Loan terms typically vary by lender, but you can expect terms ranging from 12 to 60 months with interest rates between 3% to 7% depending on your credit profile.

How do I apply for a car loan for the Ford Ranger 2023?

You can apply for a car loan online through your bank's website or by visiting a branch. You will need to provide personal information, income proof, and details about the vehicle.

Will taking out a loan affect my credit score?

Yes, taking out a loan can temporarily impact your credit score due to the hard inquiry made by the lender. However, timely payments can improve your score over time.

What factors can affect the interest rate on my car loan?

Factors influencing your interest rate include your credit score, loan term, down payment amount, and the vehicle's age and condition.

What should I consider before taking a car loan?

Consider your budget, the total cost of the loan including interest, your ability to make monthly payments, and whether you need gap insurance.

CarteaCar Loan Calculator

Ford Ranger 2023 2.0T Double Cab (XLT) 4X4 Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,475

Down Payment

SAR 25,151

Total Cost

SAR 126,851

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,475	SAR 93,225
2	SAR 8,475	SAR 84,750
3	SAR 8,475	SAR 76,275
4	SAR 8,475	SAR 67,800
5	SAR 8,475	SAR 59,325
6	SAR 8,475	SAR 50,850
7	SAR 8,475	SAR 42,375
8	SAR 8,475	SAR 33,900
9	SAR 8,475	SAR 25,425
10	SAR 8,475	SAR 16,950
11	SAR 8,475	SAR 8,475
12	SAR 8,475	SAR 0

Monthly Payment Composition

Interest: 92

Principal: 8383

Ford Ranger 2023 2.0T Double Cab (XLT) 4X4 Car Loan Calculator FAQs in KSA

Loan terms typically vary by lender, but you can expect terms ranging from 12 to 60 months with interest rates between 3% to 7% depending on your credit profile.
You can apply for a car loan online through your bank's website or by visiting a branch. You will need to provide personal information, income proof, and details about the vehicle.
Yes, taking out a loan can temporarily impact your credit score due to the hard inquiry made by the lender. However, timely payments can improve your score over time.
Factors influencing your interest rate include your credit score, loan term, down payment amount, and the vehicle's age and condition.
Consider your budget, the total cost of the loan including interest, your ability to make monthly payments, and whether you need gap insurance.