Where can I buy a used car in installments? What are the conditions for installments of cars from showrooms in Saudi Arabia? Many individuals are looking to buy used cars or to pay cars in installments if they are unable to buy new cars, and we will display a group of showrooms and companies that provide this type in the following presentation.
Where can I buy a used car in installments?
Buying cars in installments in the Kingdom of Saudi Arabia is one of the most prominent concerns of many citizens and residents who cannot buy new cars due to the high prices. There are many places from which one can obtain a car in installments, the most prominent of which are the following:
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1- Used cars in cheap installments from Al Rajhi
You can get a car in installments from Al Rajhi Bank in order to answer the question of how to buy a used car in installments in a simple way.
- Click on the Finance tab.
- The application form appears.
- Fill out the form data completely and make sure it is correct.
- The data is consistent with the data recorded in the official documents of the applicant for the purchase.
- Choosing the car before submitting his application and calculating financing options.
- Preparing the required documents.
2- Used cars on installments Abdul Latif Jameel
Abdul Latif Jameel Company provides many used cars in the Kingdom according to a set of conditions, which are as follows:
- Be an employee in government sectors in the Kingdom of Saudi Arabia.
- The monthly salary is not less than 3000 Saudi riyals.
- The period of work should not be less than 3 months in the private sector, and not less than 30 days in a government sector.
- Enjoy the benefits of leasing financing in installments without the need for a guarantor.
- Adherence to the company’s specific conditions, including credit history.
- Availability of required documents.
- The applicant must be at least 18 years old.
- The ID must be valid and the car must not be obtained.
- Submitting the installment request electronically saves time and effort for the customer.
3- Al-Yusr Installment Company in Saudi Arabia
One of the companies that provides the latest cars with suitable benefits for sectors, whether affiliated with the government, private sectors, or military sectors. It is an essential branch of Abdul Latif Al-Issa Holding. It helps facilitate procedures for customers, by paying an advance and providing installments that may reach 60 months..
4- Saudi Installment House Company
It is one of the most famous installment companies in the Kingdom of Saudi Arabia. It provides appropriate interest rates for sectors in the Kingdom and grants financing approved by the Sharia Board, up to an amount of 500,000 Saudi riyals, repayment over 60 months, a down payment of up to 5%, and no salary transfer required..
Conditions for car installments from showrooms in Saudi Arabia
There are several general conditions for installments in the Kingdom of Saudi Arabia for cars, which are as follows:
- The existence of a contract between the seller and the buyer that includes the points related to the buying and selling process, including the car specifications, the price of the car, the method of payment and the specified period for payment.
- Receiving the car after ratifying the contract as a buyer.
- Set a full payment term for the price of the car.
- The first payment must be agreed upon.
- The exhibition’s administrative percentage should not exceed 1%.
- It is necessary to conduct a credit history check from the seller to the buyer to ensure its reliability.
- A mandatory amount added to car insurance against theft or damage, estimated at approximately 3% or 4%, to be paid as part of the down payment.
- Terms related to both parties by agreement between the seller and the buyer.
Conditions for installments of used cars
In the case of installment terms for used cars, the following conditions must be met:
- There is a proportion between the customer’s salary and the price of the car.
- Proportion between the purchase salary of approximately 2,000 Saudi riyals for public sector employees.
- The employee’s income in the private sector must increase by 3,500 Saudi riyals.
- He continues to work for 3 months in the private sector, and one month in the public sector.
Documents required to buy a car in installments in Saudi Arabia
It is necessary to bring several official documents in the case of car installments, which are represented in the following points:
- A copy of the identity card for citizens of Saudi Arabia, and a copy of the residency permit for residents of the Kingdom and expatriates.
- A valid driving license.
- A proof document issued by the client’s employer.
- Proof of residence document.
- A completed car installment application form.
- A document proving the value of the applicant’s monthly salary issued by his employer
Many car companies and showrooms in the Kingdom of Saudi Arabia provide offers and discounts on used cars according to many conditions, providing everything the customer needs in a unique way.
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2023-12-10 19:00:01
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