The best car installment company in Saudi Arabia

What's the best car installment company? If you're thinking about buying a car but don't have enough money at the moment, we have a solution. You can go to one of the car installment companies spread throughout the Kingdom or to one of the approved banks.

You must compete with each other to offer the best possible deals to attract customers today. We will tell you about the most famous of these companies and how to contact them to benefit from their services and offers through this article. Stay tuned.

The best car installment company in Saudi Arabia

There are many of the best installment companies. Cars In Saudi Arabia, we will present it to you below:

1. Abdul Latif Jameel Finance

Abdul Latif Jameel Finance Company, formerly known as United Installment Sales Company, is one of the most well-known and best car installment companies in the Kingdom of Saudi Arabia. It is also a subsidiary of the Abdul Latif Jameel Group.

Established in 1979, this company will provide installment services for Toyota, Lexus and Daihatsu cars. The company also works on a lease-to-own system to benefit from it. It also offers installment cars from the best brands in the Kingdom of Saudi Arabia and the most famous brands for their reliability. You can contact us on the number

800244 2211: TEL

2. Saudi Installment House

Go to Dar Al Taqseet Saudi Arabia, which offers many of the best premium car installments. This is because it features Sharia-approved loans with loan amounts up to 500,000 Saudi riyals, with competitive profit margins and capabilities.

A repayment period of up to 60 months, and a maximum loan term of 3 years, with the possibility of financing used cars for a period of up to two years. To benefit from the company's services and offers, you can contact us at 920001850.TEL

3. Easy installments

Al Yusr Auto Installment is one of the best car installment companies. It is part of the Abdul Latif Alissa Holding Group and was ranked 11th among the top 100 fastest-growing companies in Saudi Arabia.

We offer installment services with a flexible down payment so you can benefit from an easy and enjoyable car installment program. You can contact me.

4. Installment store

One of the oldest car installment companies, founded in 1413 AH, it has become a well-known financial outlet for offering various vehicles on installments. It has branches in Dammam, Makkah Al-Mukarramah, and Taif. We also offer installment services for new and used vehicles in Riyadh.

Installment services for residential properties, with easy and convenient installment plans for up to 48 months with no down payment, depending on the customer's ability and circumstances. Commercial financing is in accordance with Islamic Sharia. You can contact us to benefit from the company's services and offers.

Tel: 14626006

Requirements for car installment companies

Before purchasing a car in Saudi Arabia on installments, you should be aware of the most important rules and conditions imposed on both the buyer and the dealer. These conditions are:

First, the contract contains detailed information about both parties to the contract, a full description of the vehicle and its value, the amount to be paid upfront, the remaining deferred amounts, the amount and number of installments to be paid, the monthly payment dates, and any additional information required there. Once the terms and requirements are agreed upon, two original copies of this contract will be issued, one copy to be delivered to the seller and the buyer.
Second, the vehicle must be delivered to the buyer if agreed upon by both parties, according to specific conditions. This condition is set at the time of sale and includes the delivery of all vehicles, accessories, and everything else needed to use the vehicle.
Third, the seller and buyer must agree on a specific payment system and method, such as depositing the car installments into a bank account designated by the seller. This account information will be the reference for the contracting parties. The seller must obtain an advance payment representing the value of the car sold.
Fourth, the seller is not entitled to administrative fees and commissions exceeding 1% of the vehicle's value, according to applicable regulations and rules. This percentage is subject to change by the Minister of Investment depending on market conditions.
Fifth: The contract may be terminated if the buyer fails to pay the installments specified in the contract’s terms and conditions. The seller has the right to require payment of the vehicle’s price in full, or to waive the contract by the buyer after the seller’s approval, as specified in the regulations.
Sixth, written permission must be obtained from the buyer to review the buyer's credit history, verify credit behavior and ability to pay the car installments, and record this in the loan file. The buyer is obligated to pay the agreed price, including the mortgage and guarantee.

Installment House Company in Saudi Arabia

The Saudi Installment House Company is one of the best installment companies. It is also known that its prices are suitable for all government, private, and military sectors.

At the new Saudi Installment House Company, visitors can order any car on installments and contact a company employee directly through the following numbers:

Company number is TEL: 92000185

Get the car of your dreams with the car loan program from the Saudi Finance Company. Our car financing is a purely Islamic product that allows you to finance your new car at a fixed profit rate.

Loan function

Sharia Board approval.
Loan amount up to 500,000 Saudi Riyals.
Competitive profit margins.
5% down payment.
Without salary transfer.
Used car financing (up to 2 years).
Financing up to 3 years.
Instant approval up to 60 months.

Loan conditions

The monthly income should not be less than 10,000 riyals.
The customer must be at least 20 years old and under 65 years old at the end of the loan.
The length of service in the current job must be at least 3 months for the government and semi-government sectors and at least 6 months for the private sector.
Commitment period is between 6 months and 60 months.

Required documents

Pricing of vehicles to be financed.
A recent salary referral letter certified by the Chamber of Commerce for the private sector.
A copy of the ID card or residence card
Payroll for the last 3 months.
Original electricity bill (landlord) or lease agreement (tenant).
Residence and work plan.
A copy of a valid driving license.

Buying a car in Morocco in installments without interest

Car companies offer a range of incentives to customers wishing to purchase a car in Morocco on installments, the most important of which is free car loans.

Car loans are a convenient and easy way to purchase a new or used car. A car loan can be very useful and even necessary if you want to buy a car but don't have the necessary funds.

A car loan is a consumer loan given to a person (or company) who wants to purchase a new or used car. Since there is no amount of money required for such purchases, these people need money and seek financial assistance from financial institutions.

This bank pays the seller on behalf of the buyer, who in turn repays the amount due monthly in installments, to which interest is added. In short, consumer car loans allow you to purchase a car and choose the loan term, from 12 months to several years. This type of loan can also be used to finance motorcycles. The basic elements of a car loan are the same for all car companies.

insurance

Disability or Death Insurance: In the event of your death or inability to repay the loan, the bank or financial institution cannot take the car from you or your heirs, as the insurance company will pay the remaining amount of the loan.

Comprehensive car insurance: If an accident renders your car unusable, the insurance company will pay the loan balance.

File cost

In most cases, ranging from AED 3,000 to AED 4,000, this amount is divided over the loan term and these costs are forwarded to the financial institution providing the loan.

The documents required to purchase a car on installments in Morocco depend on the type of profession you practice.

Employees and companies

A copy of the national ID card, residence certificate, electricity bill, phone bill, check or account number

Bank statement for the last 3 months, payslips for the last 3 months, salary certificate.

Required documents for self-employed individuals: A copy of the national ID card, residence certificate, electricity/telephone bill, check or account number, bank statement for the last 3 months, professional card, or a copy of the commercial register.

Documents required for contractors: copy of national ID, residence certificate, electricity bill, telephone bill, check or account number, bank statement for the last 3 months, certified copy of commercial register.

How do I get a car in installments from Abdul Latif Jameel?

You must choose a vehicle before applying for a subsidized loan.
Calculate your financing options Use our tool to determine your financing options and find out which type of car is right for you.
Prepare the necessary documents.
Apply for a loan.
Send this request to Abdul Latif United Finance Company.

How do I get a car without transferring my salary?

Non-salaried clients: A valid driver's license, a detailed salary cover letter signed and certified by the Chamber of Commerce, and a bank statement for the last three months showing salary balances, certified by the Social Insurance Agency.