What are the loan options available for purchasing a Jeep Compass 2020 2.4L Trailhawk (4x4) in KSA?

In KSA, you can choose from various loan options such as conventional auto loans, Islamic financing, and leasing. It's advisable to compare different banks to find the best rates.

How do I apply for a car loan for the Jeep Compass in KSA?

To apply for a car loan, you typically need to provide identification, proof of income, and details about the vehicle. You can start the application process online or by visiting a bank branch.

Will taking out a car loan affect my credit score?

Yes, taking out a car loan will impact your credit score, especially if you miss payments. It's important to keep up with your payments to maintain a good credit score.

What factors should I consider when getting a car loan in KSA?

Consider the interest rate, loan term, your budget, and the total cost of the vehicle. It's also wise to check for any additional fees or penalties.

What can affect the interest rates on my car loan?

Interest rates can be influenced by your credit score, the loan amount, the term length, and the bank's current policies. Market conditions also play a role.

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Jeep Compass 2020 2.4L Trailhawk (4x4) Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,006

Down Payment

SAR 20,790

Total Cost

SAR 104,862

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,006	SAR 77,066
2	SAR 7,006	SAR 70,060
3	SAR 7,006	SAR 63,054
4	SAR 7,006	SAR 56,048
5	SAR 7,006	SAR 49,042
6	SAR 7,006	SAR 42,036
7	SAR 7,006	SAR 35,030
8	SAR 7,006	SAR 28,024
9	SAR 7,006	SAR 21,018
10	SAR 7,006	SAR 14,012
11	SAR 7,006	SAR 7,006
12	SAR 7,006	SAR 0

Monthly Payment Composition

Interest: 76

Principal: 6930

Jeep Compass 2020 2.4L Trailhawk (4x4) Car Loan Calculator FAQs in KSA

In KSA, you can choose from various loan options such as conventional auto loans, Islamic financing, and leasing. It's advisable to compare different banks to find the best rates.
To apply for a car loan, you typically need to provide identification, proof of income, and details about the vehicle. You can start the application process online or by visiting a bank branch.
Yes, taking out a car loan will impact your credit score, especially if you miss payments. It's important to keep up with your payments to maintain a good credit score.
Consider the interest rate, loan term, your budget, and the total cost of the vehicle. It's also wise to check for any additional fees or penalties.
Interest rates can be influenced by your credit score, the loan amount, the term length, and the bank's current policies. Market conditions also play a role.