FINANCE · Finance
The process begins with choosing the car and determining its price, then we issue you an official quote from the showroom. You submit the offer with your documents to the bank, and the bank studies your income, current obligations, and credit history to determine the financing amount, repayment period, and monthly installment value. After approval, the bank transfers the amount to the showroom and you receive your car.
If you prefer Islamic financing, you can apply through Islamic banks and windows that adopt formulas such as Murabaha or Ijarah Muntahia Bittamleek. We prepare the same documents and price offer for you, and the bank is the one who determines the formula, cost and conditions.
You can reduce the financing amount by replacing your current car. We evaluate the car according to the year of manufacture, mileage, and general condition, and deduct its value from the price of the new car, so the value of the monthly installment is reduced.
Financing is subject to bank approval and terms. We help you apply and do not guarantee approval.
no. We help you in preparing the file and submission only, and the approval and its conditions are up to the bank - according to the conditions and the bank’s approval.
Commercial financing is based on an interest-bearing loan, while Islamic financing is based on formulas such as Murabaha or Ijara. Details of each formula and its cost are determined by the bank's policy.
Mostly: ID card or passport with residency, driving license, bank statement and salary certificate, in addition to the price quote from the showroom. Final list by bank.
Yes, your current car can be evaluated and its value calculated as part of the deal, and the value is subject to the inspection and condition of the car.
