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MG RX8 2024 2.0T STD (AWD) Car Loan Calculator in KSA

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

Monthly Payment

SAR 7,633

Down Payment

SAR 22,653

Total Cost

SAR 114,249

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 7,633	SAR 83,963
2	SAR 7,633	SAR 76,330
3	SAR 7,633	SAR 68,697
4	SAR 7,633	SAR 61,064
5	SAR 7,633	SAR 53,431
6	SAR 7,633	SAR 45,798
7	SAR 7,633	SAR 38,165
8	SAR 7,633	SAR 30,532
9	SAR 7,633	SAR 22,899
10	SAR 7,633	SAR 15,266
11	SAR 7,633	SAR 7,633
12	SAR 7,633	SAR 0

Monthly Payment Composition

Interest: 83

Principal: 7550

MG RX8 2024 2.0T STD (AWD) Car Loan Calculator FAQs in KSA

The car loan process typically involves applying for the loan through a bank or financial institution, providing required documentation such as proof of income, identification, and details about the vehicle. After approval, you will need to sign a loan agreement and make the down payment.

Yes, taking a car loan can impact your credit score. Making timely payments can improve your score, while missed payments can lead to a decrease in your score.

Consider your credit history, the interest rate offered, the loan term, and how much of a down payment you can afford. Additionally, look at the total cost of the loan over its term.

To improve your chances, ensure your credit report is accurate, pay down existing debts, and have a stable source of income. A larger down payment can also help.

The potential risks include the possibility of high interest rates, the risk of defaulting on payments, which can harm your credit score, and the depreciation of the vehicle's value.