What is the loan process for purchasing a Toyota Avalon 2024 3.5L V6 XLE in KSA?

The loan process involves applying through a bank or financial institution, providing necessary documentation, and getting approval based on your creditworthiness.

Does taking a car loan affect my credit score?

Yes, taking a car loan can affect your credit score. Regular payments can improve your score, while missed payments can hurt it.

What are the common requirements for a car loan in KSA?

Common requirements include proof of income, residency, a valid ID, and a good credit history.

What factors can influence the interest rate of my car loan?

Factors include your credit score, loan term, down payment, and the lender's policies.

Are there any additional costs associated with car loans in KSA?

Yes, additional costs may include insurance, registration fees, and maintenance costs.

CarteaCar Loan Calculator

Toyota Avalon 2024 3.5L V6 XLE Car Loan Calculator in KSA

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

Monthly Payment

SAR 8,148

Down Payment

SAR 24,180

Total Cost

SAR 121,956

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 8,148	SAR 89,628
2	SAR 8,148	SAR 81,480
3	SAR 8,148	SAR 73,332
4	SAR 8,148	SAR 65,184
5	SAR 8,148	SAR 57,036
6	SAR 8,148	SAR 48,888
7	SAR 8,148	SAR 40,740
8	SAR 8,148	SAR 32,592
9	SAR 8,148	SAR 24,444
10	SAR 8,148	SAR 16,296
11	SAR 8,148	SAR 8,148
12	SAR 8,148	SAR 0

Monthly Payment Composition

Interest: 88

Principal: 8060

Toyota Avalon 2024 3.5L V6 XLE Car Loan Calculator FAQs in KSA

The loan process involves applying through a bank or financial institution, providing necessary documentation, and getting approval based on your creditworthiness.
Yes, taking a car loan can affect your credit score. Regular payments can improve your score, while missed payments can hurt it.
Common requirements include proof of income, residency, a valid ID, and a good credit history.
Factors include your credit score, loan term, down payment, and the lender's policies.
Yes, additional costs may include insurance, registration fees, and maintenance costs.