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

In KSA, you can choose between various financing options such as bank loans, dealership financing, and leasing. Each option has its benefits and terms, so it's best to compare them.

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

Taking a loan can impact your credit score depending on how you manage the payments. Timely payments can improve your score, while missed payments can lower it.

What documents are required to apply for a car loan for the Genesis GV70?

Typically, you'll need to provide proof of income, identification, bank statements, and information about the vehicle. Specific requirements may vary by lender.

What factors influence the interest rate for my car loan?

Factors such as your credit score, loan amount, loan term, and current market rates can all influence the interest rate offered by lenders.

Are there any hidden fees I should be aware of when taking out a car loan?

Yes, it's important to read the loan agreement carefully as there may be fees such as processing fees, early repayment penalties, or insurance requirements.

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Genesis GV70 2024 2.5T Prestige Car Loan Calculator in KSA

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

Monthly Payment

SAR 12,906

Down Payment

SAR 38,300

Total Cost

SAR 193,172

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 12,906	SAR 141,966
2	SAR 12,906	SAR 129,060
3	SAR 12,906	SAR 116,154
4	SAR 12,906	SAR 103,248
5	SAR 12,906	SAR 90,342
6	SAR 12,906	SAR 77,436
7	SAR 12,906	SAR 64,530
8	SAR 12,906	SAR 51,624
9	SAR 12,906	SAR 38,718
10	SAR 12,906	SAR 25,812
11	SAR 12,906	SAR 12,906
12	SAR 12,906	SAR 0

Monthly Payment Composition

Interest: 140

Principal: 12766

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

In KSA, you can choose between various financing options such as bank loans, dealership financing, and leasing. Each option has its benefits and terms, so it's best to compare them.
Taking a loan can impact your credit score depending on how you manage the payments. Timely payments can improve your score, while missed payments can lower it.
Typically, you'll need to provide proof of income, identification, bank statements, and information about the vehicle. Specific requirements may vary by lender.
Factors such as your credit score, loan amount, loan term, and current market rates can all influence the interest rate offered by lenders.
Yes, it's important to read the loan agreement carefully as there may be fees such as processing fees, early repayment penalties, or insurance requirements.