Car Installment Down Payment in Saudi Arabia: Minimum Requirements Explained

Syarah website offers a car purchase service with an installment system, allowing customers to choose the car that suits them from a wide range of types and models. The value of the first payment required to buy a car in installments in the Kingdom of Saudi Arabia starts from 600 Saudi Riyals. It is worth noting that this value may vary based on the type, model, and condition of the car, whether new or used. This diversity in the value of the first payment reflects the flexibility of payment that the site follows to meet the needs of different customers and enable them to easily and conveniently own the car they desire.

Finance your car with a first payment starting from 600 Saudi Riyals

Factors Affecting the Down Payment for Buying a Car on Installment

The factors affecting the value of the down payment for buying a car on installments include several factors:

1. Car condition (new or used): The first payment for buying a new car may be higher than for a used car of the same category and model.
2. Car brand, model, and manufacturing year: The financing conditions and the amounts required for the first payment may differ between different car brands, categories, and models.
3. Selected car category: The selected car category can affect the value of the first payment, as there may be categories requiring higher first payments due to the car’s own value.
4. Saudi or Gulf imports or imported from another region: There may be differences in the value of the first payment between cars based on the region they are imported from.
5. Bank or financing company conditions: Banks and financing companies vary in their conditions and requirements, which can affect the value of the required first payment.

How to Determine the Down Payment Value

To determine the value of the first payment when buying a car in installments, you can follow these steps:

1. Browse the cars for sale on the Syarah website: Start by browsing the available cars on the Syarah website. You can use filters to search for cars that suit your needs in terms of type, model, condition (new or used), and price.
2. Choose the car that meets your needs: Once you find your preferred car, click on it to view its details.
3. The value of the first and last payment with the installment period will be shown on the advertisement for the car you have chosen: When viewing the car details, you will find detailed information about the value of the first and last payment, as well as the monthly installment period.