What is the car loan process for purchasing a Kia Sportage 2024 1.6T-GDI LX2 (AWD) in KSA?

The car loan process typically involves selecting the vehicle, applying for a loan at a bank or financial institution, providing necessary documentation, and agreeing on the loan terms.

Will taking a loan for the Kia Sportage 2024 affect my credit score?

Yes, taking a loan can affect your credit score. It may improve your credit if you make timely payments, but missing payments can lower your score.

What factors should I consider when applying for a car loan for the Kia Sportage 2024?

Consider your credit history, income level, loan interest rates, repayment terms, and any fees associated with the loan.

What is the typical interest rate for car loans in KSA for the Kia Sportage 2024?

Interest rates for car loans in KSA can vary, but they typically range from 4% to 7% depending on the bank and your credit profile.

Are there any special promotions or offers for financing the Kia Sportage 2024 in KSA?

Yes, many banks and dealerships offer promotional financing rates or cash back deals for new car purchases. It's best to check with specific lenders for current offers.

CarteaCar Loan Calculator

Kia Sportage 2024 1.6T-GDI LX2 (AWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,138

Down Payment

SAR 24,150

Total Cost

SAR 121,806

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,138	SAR 89,518
2	SAR 8,138	SAR 81,380
3	SAR 8,138	SAR 73,242
4	SAR 8,138	SAR 65,104
5	SAR 8,138	SAR 56,966
6	SAR 8,138	SAR 48,828
7	SAR 8,138	SAR 40,690
8	SAR 8,138	SAR 32,552
9	SAR 8,138	SAR 24,414
10	SAR 8,138	SAR 16,276
11	SAR 8,138	SAR 8,138
12	SAR 8,138	SAR 0

Monthly Payment Composition

Interest: 89

Principal: 8049

Kia Sportage 2024 1.6T-GDI LX2 (AWD) Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for a loan at a bank or financial institution, providing necessary documentation, and agreeing on the loan terms.
Yes, taking a loan can affect your credit score. It may improve your credit if you make timely payments, but missing payments can lower your score.
Consider your credit history, income level, loan interest rates, repayment terms, and any fees associated with the loan.
Interest rates for car loans in KSA can vary, but they typically range from 4% to 7% depending on the bank and your credit profile.
Yes, many banks and dealerships offer promotional financing rates or cash back deals for new car purchases. It's best to check with specific lenders for current offers.