What are the requirements for obtaining a car loan for a Porsche Macan 2024 S in Saudi Arabia?

Typically, you will need to provide proof of income, a valid ID, and details about the vehicle. Some banks may also require a down payment.

How does a car loan impact my credit score in Saudi Arabia?

Taking out a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.

What factors affect the interest rate of a car loan in Saudi Arabia?

Factors include your credit history, the amount of the loan, the loan term, and the bank's current interest rates.

Can I refinance my car loan for a Porsche Macan 2024 S?

Yes, you can refinance your car loan if you find better terms or lower interest rates. It's best to compare offers from different banks.

What should I be aware of when applying for a car loan in Saudi Arabia?

Be aware of the total cost of the loan, including interest rates and fees. Also, understand the loan terms and your repayment schedule.

CarteaCar Loan Calculator

Porsche Macan 2024 S Car Loan Calculator in KSA

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

Monthly Payment

SAR 27,303

Down Payment

SAR 81,027

Total Cost

SAR 408,663

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 27,303	SAR 300,333
2	SAR 27,303	SAR 273,030
3	SAR 27,303	SAR 245,727
4	SAR 27,303	SAR 218,424
5	SAR 27,303	SAR 191,121
6	SAR 27,303	SAR 163,818
7	SAR 27,303	SAR 136,515
8	SAR 27,303	SAR 109,212
9	SAR 27,303	SAR 81,909
10	SAR 27,303	SAR 54,606
11	SAR 27,303	SAR 27,303
12	SAR 27,303	SAR 0

Monthly Payment Composition

Interest: 294

Principal: 27009

Porsche Macan 2024 S Car Loan Calculator FAQs in KSA

Typically, you will need to provide proof of income, a valid ID, and details about the vehicle. Some banks may also require a down payment.
Taking out a car loan can impact your credit score positively if you make timely payments. However, missing payments can negatively affect your score.
Factors include your credit history, the amount of the loan, the loan term, and the bank's current interest rates.
Yes, you can refinance your car loan if you find better terms or lower interest rates. It's best to compare offers from different banks.
Be aware of the total cost of the loan, including interest rates and fees. Also, understand the loan terms and your repayment schedule.