What is the process for obtaining a car loan for a Volkswagen Arteon 2019 2.0 TSI Elegance (190 HP) in KSA?

To obtain a car loan, you typically need to provide personal identification, proof of income, and details about the vehicle. You can apply through a bank or financial institution, and they will evaluate your creditworthiness before approving the loan.

Will taking a car loan impact my credit score?

Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but late payments may harm it.

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

The interest rate on your car loan can be influenced by your credit score, the term of the loan, the amount of the down payment, and the lender's policies.

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

When applying for a car loan, be aware of the total cost of the loan, including interest rates and fees. Review the terms and conditions carefully.

Can I refinance my car loan later if I find a better rate?

Yes, you can refinance your car loan if you find a better interest rate. This may lower your monthly payments and save you money over time.

CarteaCar Loan Calculator

Volkswagen Arteon 2019 2.0 TSI Elegance (190 HP) Car Loan Calculator in KSA

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

Monthly Payment

SAR 9,017

Down Payment

SAR 26,760

Total Cost

SAR 134,964

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	SAR 9,017	SAR 99,187
2	SAR 9,017	SAR 90,170
3	SAR 9,017	SAR 81,153
4	SAR 9,017	SAR 72,136
5	SAR 9,017	SAR 63,119
6	SAR 9,017	SAR 54,102
7	SAR 9,017	SAR 45,085
8	SAR 9,017	SAR 36,068
9	SAR 9,017	SAR 27,051
10	SAR 9,017	SAR 18,034
11	SAR 9,017	SAR 9,017
12	SAR 9,017	SAR 0

Monthly Payment Composition

Interest: 98

Principal: 8919

Volkswagen Arteon 2019 2.0 TSI Elegance (190 HP) Car Loan Calculator FAQs in KSA

To obtain a car loan, you typically need to provide personal identification, proof of income, and details about the vehicle. You can apply through a bank or financial institution, and they will evaluate your creditworthiness before approving the loan.
Yes, taking a car loan can affect your credit score. If you make timely payments, it can improve your score, but late payments may harm it.
The interest rate on your car loan can be influenced by your credit score, the term of the loan, the amount of the down payment, and the lender's policies.
When applying for a car loan, be aware of the total cost of the loan, including interest rates and fees. Review the terms and conditions carefully.
Yes, you can refinance your car loan if you find a better interest rate. This may lower your monthly payments and save you money over time.