What is the car loan for purchasing the LX600 Prestige 3.5L in KSA?

The car loan for purchasing the LX600 Prestige 3.5L in KSA is a financial service offered by banks that allows you to borrow money to buy the vehicle, which you will then repay over a specified period with interest.

How can I apply for a car loan for the LX600 Prestige 3.5L?

You can apply for a car loan by visiting your preferred bank, completing an application form, and providing necessary documents such as your income proof, identification, and details about the vehicle.

Will taking out a car loan affect my credit score?

Yes, taking out a car loan can affect your credit score. If you make timely payments, it can improve your score, but late payments can negatively impact it.

What should I pay attention to when applying for a car loan?

When applying for a car loan, pay attention to the interest rate, loan term, total repayment amount, and any additional fees or insurance requirements.

What factors influence the loan interest rate?

Factors influencing the loan interest rate include your credit score, the amount of down payment, the loan term, and the overall economic conditions.

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LX600 Prestige 3.5L Car Loan Calculator in KSA

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

Monthly Payment

SAR 35,092

Down Payment

SAR 104,142

Total Cost

SAR 525,246

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 35,092	SAR 386,012
2	SAR 35,092	SAR 350,920
3	SAR 35,092	SAR 315,828
4	SAR 35,092	SAR 280,736
5	SAR 35,092	SAR 245,644
6	SAR 35,092	SAR 210,552
7	SAR 35,092	SAR 175,460
8	SAR 35,092	SAR 140,368
9	SAR 35,092	SAR 105,276
10	SAR 35,092	SAR 70,184
11	SAR 35,092	SAR 35,092
12	SAR 35,092	SAR 0

Monthly Payment Composition

Interest: 378

Principal: 34714

LX600 Prestige 3.5L Car Loan Calculator FAQs in KSA

The car loan for purchasing the LX600 Prestige 3.5L in KSA is a financial service offered by banks that allows you to borrow money to buy the vehicle, which you will then repay over a specified period with interest.
You can apply for a car loan by visiting your preferred bank, completing an application form, and providing necessary documents such as your income proof, identification, and details about the vehicle.
Yes, taking out a car loan can affect your credit score. If you make timely payments, it can improve your score, but late payments can negatively impact it.
When applying for a car loan, pay attention to the interest rate, loan term, total repayment amount, and any additional fees or insurance requirements.
Factors influencing the loan interest rate include your credit score, the amount of down payment, the loan term, and the overall economic conditions.