What is the car loan process for purchasing a Genesis GV80 2021 2.5T Prestige in KSA?

The car loan process generally involves selecting the vehicle, applying for a loan with a bank or financial institution, submitting required documentation, and then signing the loan agreement.

Will taking a car loan affect my credit score in KSA?

Yes, taking a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can lower it.

What should I consider before applying for a car loan for the Genesis GV80 in KSA?

Consider your budget, the total cost of the loan including interest rates, your repayment capacity, and the terms and conditions of the loan.

What factors can influence the interest rate for my car loan in KSA?

Factors include your credit score, the length of the loan, the amount financed, and the current economic conditions.

Are there any special promotions or offers for financing a Genesis GV80 in KSA?

Yes, many banks and dealerships often provide promotional rates or offers for financing specific models, including the Genesis GV80.

CarteaCar Loan Calculator

Genesis GV80 2021 2.5T Prestige Car Loan Calculator in KSA

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

Monthly Payment

SAR 19,409

Down Payment

SAR 57,600

Total Cost

SAR 290,508

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 19,409	SAR 213,499
2	SAR 19,409	SAR 194,090
3	SAR 19,409	SAR 174,681
4	SAR 19,409	SAR 155,272
5	SAR 19,409	SAR 135,863
6	SAR 19,409	SAR 116,454
7	SAR 19,409	SAR 97,045
8	SAR 19,409	SAR 77,636
9	SAR 19,409	SAR 58,227
10	SAR 19,409	SAR 38,818
11	SAR 19,409	SAR 19,409
12	SAR 19,409	SAR 0

Monthly Payment Composition

Interest: 209

Principal: 19200

Genesis GV80 2021 2.5T Prestige Car Loan Calculator FAQs in KSA

The car loan process generally involves selecting the vehicle, applying for a loan with a bank or financial institution, submitting required documentation, and then signing the loan agreement.
Yes, taking a car loan can affect your credit score. Timely repayments can improve your score, while missed payments can lower it.
Consider your budget, the total cost of the loan including interest rates, your repayment capacity, and the terms and conditions of the loan.
Factors include your credit score, the length of the loan, the amount financed, and the current economic conditions.
Yes, many banks and dealerships often provide promotional rates or offers for financing specific models, including the Genesis GV80.