What are the loan options available for purchasing a Genesis GV70 2022 2.5T Prestige in KSA?

In KSA, you can usually choose between conventional auto loans, Islamic financing options, and leasing agreements to purchase a Genesis GV70 2022 2.5T Prestige.

How does taking a car loan affect my credit score in KSA?

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

What should I consider before applying for a car loan for Genesis GV70 2022 2.5T Prestige?

Consider your budget, interest rates, loan terms, and your monthly repayment capacity before applying for a car loan.

What factors can affect the interest rate on my car loan for Genesis GV70 2022 2.5T Prestige?

Factors that can affect the interest rate include your credit score, the loan amount, the loan term, and the lender's policies.

Is it possible to refinance my car loan after purchasing the Genesis GV70 2022 2.5T Prestige?

Yes, refinancing your car loan is possible if you find better rates or terms. However, consider the fees and penalties associated with refinancing.

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Genesis GV70 2022 2.5T Prestige Car Loan Calculator in KSA

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

Monthly Payment

SAR 15,650

Down Payment

SAR 46,445

Total Cost

SAR 234,245

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 15,650	SAR 172,150
2	SAR 15,650	SAR 156,500
3	SAR 15,650	SAR 140,850
4	SAR 15,650	SAR 125,200
5	SAR 15,650	SAR 109,550
6	SAR 15,650	SAR 93,900
7	SAR 15,650	SAR 78,250
8	SAR 15,650	SAR 62,600
9	SAR 15,650	SAR 46,950
10	SAR 15,650	SAR 31,300
11	SAR 15,650	SAR 15,650
12	SAR 15,650	SAR 0

Monthly Payment Composition

Interest: 169

Principal: 15481

Genesis GV70 2022 2.5T Prestige Car Loan Calculator FAQs in KSA

In KSA, you can usually choose between conventional auto loans, Islamic financing options, and leasing agreements to purchase a Genesis GV70 2022 2.5T Prestige.
Taking a car loan can impact your credit score positively if you make timely payments, but missing payments can negatively affect your credit score.
Consider your budget, interest rates, loan terms, and your monthly repayment capacity before applying for a car loan.
Factors that can affect the interest rate include your credit score, the loan amount, the loan term, and the lender's policies.
Yes, refinancing your car loan is possible if you find better rates or terms. However, consider the fees and penalties associated with refinancing.