What is the auto loan process for purchasing a Sonata 2.0 Base HEV in KSA?

The auto loan process typically involves choosing a lender, submitting an application, providing necessary documents, and waiting for approval before finalizing the purchase.

Will taking an auto loan for a Sonata 2.0 Base HEV affect my credit score?

Yes, taking an auto loan can impact your credit score. If you make timely payments, it can improve your score; however, missing payments may lower it.

What should I be aware of when applying for an auto loan in KSA?

Be aware of the interest rates, loan terms, additional fees, and your ability to repay the loan before applying.

What factors influence the auto loan interest rates in KSA?

Interest rates can be influenced by your credit score, the loan term, the lender's policies, and current market conditions.

Can I refinance my auto loan for a Sonata 2.0 Base HEV in KSA?

Yes, you can refinance your auto loan if you find better terms or lower interest rates, which can help reduce your monthly payments.

CarteaCar Loan Calculator

Sonata 2.0 Base HEV Car Loan Calculator in KSA

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

Monthly Payment

SAR 6,878

Down Payment

SAR 20,412

Total Cost

SAR 102,948

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 6,878	SAR 75,658
2	SAR 6,878	SAR 68,780
3	SAR 6,878	SAR 61,902
4	SAR 6,878	SAR 55,024
5	SAR 6,878	SAR 48,146
6	SAR 6,878	SAR 41,268
7	SAR 6,878	SAR 34,390
8	SAR 6,878	SAR 27,512
9	SAR 6,878	SAR 20,634
10	SAR 6,878	SAR 13,756
11	SAR 6,878	SAR 6,878
12	SAR 6,878	SAR 0

Monthly Payment Composition

Interest: 75

Principal: 6803

Sonata 2.0 Base HEV Car Loan Calculator FAQs in KSA

The auto loan process typically involves choosing a lender, submitting an application, providing necessary documents, and waiting for approval before finalizing the purchase.
Yes, taking an auto loan can impact your credit score. If you make timely payments, it can improve your score; however, missing payments may lower it.
Be aware of the interest rates, loan terms, additional fees, and your ability to repay the loan before applying.
Interest rates can be influenced by your credit score, the loan term, the lender's policies, and current market conditions.
Yes, you can refinance your auto loan if you find better terms or lower interest rates, which can help reduce your monthly payments.