What is the car loan process for purchasing a Rolls Royce Phantom 2018 6.75L Extended Wheelbase in KSA?

The car loan process typically involves selecting the vehicle, applying for financing through a bank or financial institution, providing necessary documentation, and then completing the purchase once approved.

Will taking out a loan for a Rolls Royce Phantom affect my credit score?

Yes, taking out a loan can affect your credit score. It may initially lower your score due to a hard inquiry, but timely payments can improve your score over time.

What are the key factors to consider when applying for a car loan in KSA?

Key factors include your credit score, the loan amount, interest rates, loan terms, and monthly repayment capacity.

What documents are required for a car loan application in KSA?

Typically, you will need to provide identification, proof of income, bank statements, and details about the car you wish to purchase.

What factors influence the loan interest rates for a Rolls Royce Phantom in KSA?

Factors include your credit history, current market rates, the loan duration, and the lender's policies.

CarteaCar Loan Calculator

Rolls Royce Phantom 2018 6.75L Extended Wheelbase Car Loan Calculator in KSA

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

Monthly Payment

SAR 168,478

Down Payment

SAR 500,000

Total Cost

SAR 2,521,736

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 168,478	SAR 1,853,258
2	SAR 168,478	SAR 1,684,780
3	SAR 168,478	SAR 1,516,302
4	SAR 168,478	SAR 1,347,824
5	SAR 168,478	SAR 1,179,346
6	SAR 168,478	SAR 1,010,868
7	SAR 168,478	SAR 842,390
8	SAR 168,478	SAR 673,912
9	SAR 168,478	SAR 505,434
10	SAR 168,478	SAR 336,956
11	SAR 168,478	SAR 168,478
12	SAR 168,478	SAR 0

Monthly Payment Composition

Interest: 1812

Principal: 166666

Rolls Royce Phantom 2018 6.75L Extended Wheelbase Car Loan Calculator FAQs in KSA

The car loan process typically involves selecting the vehicle, applying for financing through a bank or financial institution, providing necessary documentation, and then completing the purchase once approved.
Yes, taking out a loan can affect your credit score. It may initially lower your score due to a hard inquiry, but timely payments can improve your score over time.
Key factors include your credit score, the loan amount, interest rates, loan terms, and monthly repayment capacity.
Typically, you will need to provide identification, proof of income, bank statements, and details about the car you wish to purchase.
Factors include your credit history, current market rates, the loan duration, and the lender's policies.