What are the financing options available for purchasing a GMC Terrain 2024 1.5T SLE (FWD) in KSA?

In KSA, you can consider various financing options including traditional bank loans, leasing, and financing through dealerships. Each option has different terms and conditions.

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

Taking a car loan can impact your credit score positively if you make timely payments, but late payments or defaults can harm your credit score.

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

Before applying, consider your budget, the total cost of the loan, interest rates, repayment terms, and whether you can afford the monthly payments.

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

Factors include your credit score, loan amount, loan term, the type of vehicle, and the lender's policies.

Can I refinance my car loan in KSA if I find a better interest rate later?

Yes, you can refinance your car loan if you find a better interest rate, which can help lower your monthly payments.

CarteaCar Loan Calculator

GMC Terrain 2024 1.5T SLE (FWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,275

Down Payment

SAR 24,559

Total Cost

SAR 123,859

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,275	SAR 91,025
2	SAR 8,275	SAR 82,750
3	SAR 8,275	SAR 74,475
4	SAR 8,275	SAR 66,200
5	SAR 8,275	SAR 57,925
6	SAR 8,275	SAR 49,650
7	SAR 8,275	SAR 41,375
8	SAR 8,275	SAR 33,100
9	SAR 8,275	SAR 24,825
10	SAR 8,275	SAR 16,550
11	SAR 8,275	SAR 8,275
12	SAR 8,275	SAR 0

Monthly Payment Composition

Interest: 89

Principal: 8186

GMC Terrain 2024 1.5T SLE (FWD) Car Loan Calculator FAQs in KSA

In KSA, you can consider various financing options including traditional bank loans, leasing, and financing through dealerships. Each option has different terms and conditions.
Taking a car loan can impact your credit score positively if you make timely payments, but late payments or defaults can harm your credit score.
Before applying, consider your budget, the total cost of the loan, interest rates, repayment terms, and whether you can afford the monthly payments.
Factors include your credit score, loan amount, loan term, the type of vehicle, and the lender's policies.
Yes, you can refinance your car loan if you find a better interest rate, which can help lower your monthly payments.