What are the financing options available for purchasing the Hongqi HS5 2024 2.0T Deluxe (AWD) in KSA?

In KSA, you can choose from various financing options such as bank loans, leasing, or in-house financing from the dealership. Each option has its own terms and conditions.

How do I apply for a car loan to purchase the Hongqi HS5 2024?

To apply for a car loan, you will need to gather necessary documents such as your ID, proof of income, and credit history. Then, visit a bank or financial institution to submit your application.

Will taking a loan for the Hongqi HS5 affect my credit score?

Yes, taking out a loan can impact your credit score. Timely payments can improve your score, while missed payments can lower it.

What should I consider before getting a car loan?

Consider your financial situation, interest rates, loan terms, and the total cost of the vehicle including insurance and maintenance before committing to a loan.

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

Factors that can influence the interest rate include your credit score, the amount of down payment, the loan term, and the lender’s policies.

CarteaCar Loan Calculator

Hongqi HS5 2024 2.0T Deluxe (AWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 10,102

Down Payment

SAR 29,980

Total Cost

SAR 151,204

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 10,102	SAR 111,122
2	SAR 10,102	SAR 101,020
3	SAR 10,102	SAR 90,918
4	SAR 10,102	SAR 80,816
5	SAR 10,102	SAR 70,714
6	SAR 10,102	SAR 60,612
7	SAR 10,102	SAR 50,510
8	SAR 10,102	SAR 40,408
9	SAR 10,102	SAR 30,306
10	SAR 10,102	SAR 20,204
11	SAR 10,102	SAR 10,102
12	SAR 10,102	SAR 0

Monthly Payment Composition

Interest: 109

Principal: 9993

Hongqi HS5 2024 2.0T Deluxe (AWD) Car Loan Calculator FAQs in KSA

In KSA, you can choose from various financing options such as bank loans, leasing, or in-house financing from the dealership. Each option has its own terms and conditions.
To apply for a car loan, you will need to gather necessary documents such as your ID, proof of income, and credit history. Then, visit a bank or financial institution to submit your application.
Yes, taking out a loan can impact your credit score. Timely payments can improve your score, while missed payments can lower it.
Consider your financial situation, interest rates, loan terms, and the total cost of the vehicle including insurance and maintenance before committing to a loan.
Factors that can influence the interest rate include your credit score, the amount of down payment, the loan term, and the lender’s policies.