LEXUS LM 500h Car Loan Calculator in KSA

The car loan process typically involves choosing a bank, submitting necessary documents, filling out an application, and awaiting approval. Once approved, you can finalize the purchase.

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

Consider your budget, interest rates, loan terms, and your ability to make monthly payments. Also, check if there are any hidden fees.

Factors include your credit score, the loan amount, loan duration, and the bank's policies. Economic conditions also play a role.

Yes, many banks and dealerships offer promotional financing rates, especially for new models. It's best to check with various banks for the latest offers.