Used car financing:

As a part of the financing solutions provided by TAAJEER Finance Company through the financial leasing product that is in compliance with Islamic Sharia, the company offers its customers the possibility of financing used cars which are approved by accredited auto dealerships in the Kingdom, auto showrooms, and individuals in accordance with conditions that ensure the quality of service and suitability of the cars that will be financed.

Features:

• The possibility of financing for citizens and residents
• Fast approval
• Without salary transfer
• Without a sponsor or an identifier
• full insurance
• Ease of payment
• After-sales service
• The possibility of repayment up to 60 months

The conditions:

• Customer’s age starts from 21 years
• The monthly income starts from 4000 riyals
• The period of service for the government sector is not less than one month / 3 months for the private sector
• A valid license
• The car model should not exceed the last 3 models of the same year
• The car warrantee should not be less than two years

Requests:

• Filling out the application form
• A copy of the national identification card
• A copy of the license
• 3-month bank account statement
• A copy of the national address
• A copy of the social insurance | For the private sector
• A complete inspection of the car at the agency or approved workshops

Calculate finance

The prices shown are approximate prices and are subject to terms and conditions according to the credit policy of the financial leasing company and do not include the insurance value.

Examples of financial calculation

Example 1:

Asset type	Financed amount	Accrual in years	Financing ratio rate	The monthly installment amount	Residual value
Used	58,500	5 years	14%	1,143.00	16,250.00

Example 2:

Asset type	Financed amount	Accrual in years	Financing ratio rate	The monthly installment amount	Residual value
Used	54,000	5 years	14%	1,055.00	15,000

Example 3:

Asset type	Financed amount	Accrual in years	Financing ratio rate	The monthly installment amount	Residual value
Used	49,500	5 years	14%	967.00	13,750