What are the financing options available for purchasing the Genesis GV70 2024 2.5T Premium in KSA?

In KSA, you can typically choose from various financing options such as bank loans, dealership financing, and leasing. Each option may have different terms and conditions.

How does taking out a loan for the Genesis GV70 affect my credit score?

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

What documents do I need to apply for a car loan for the Genesis GV70?

Typically, you will need identification, proof of income, bank statements, and possibly a credit report to apply for a car loan.

What are the interest rates for car loans in KSA for the Genesis GV70?

Interest rates for car loans can vary depending on the bank and your credit profile, but they typically range from 2% to 6%.

What factors can affect my loan approval for the Genesis GV70?

Factors that can affect loan approval include your credit score, income level, employment stability, and the loan amount requested.

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Genesis GV70 2024 2.5T Premium Car Loan Calculator in KSA

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

Monthly Payment

SAR 14,850

Down Payment

SAR 44,070

Total Cost

SAR 222,270

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 14,850	SAR 163,350
2	SAR 14,850	SAR 148,500
3	SAR 14,850	SAR 133,650
4	SAR 14,850	SAR 118,800
5	SAR 14,850	SAR 103,950
6	SAR 14,850	SAR 89,100
7	SAR 14,850	SAR 74,250
8	SAR 14,850	SAR 59,400
9	SAR 14,850	SAR 44,550
10	SAR 14,850	SAR 29,700
11	SAR 14,850	SAR 14,850
12	SAR 14,850	SAR 0

Monthly Payment Composition

Interest: 160

Principal: 14690

Genesis GV70 2024 2.5T Premium Car Loan Calculator FAQs in KSA

In KSA, you can typically choose from various financing options such as bank loans, dealership financing, and leasing. Each option may have different terms and conditions.
Taking out a loan can impact your credit score positively if you make timely payments. However, missing payments can lower your score.
Typically, you will need identification, proof of income, bank statements, and possibly a credit report to apply for a car loan.
Interest rates for car loans can vary depending on the bank and your credit profile, but they typically range from 2% to 6%.
Factors that can affect loan approval include your credit score, income level, employment stability, and the loan amount requested.