which CAR is good to lease from the bank

muzhi Contributor

190POSTS

13 years ago

hi...
i am planning to get a car on bank lease. option available are

Toyota belta/yaris
nessan sunny
hyundai Accent

and any other car which fall in this range.聽 guide me whether its good to lease from the back here in saudi ,is there any offer in any bank these days , suggest me a good car, while leasing from the bank what should be noted as warrenty, insurance, and other thing like this.

i know there are many car experts here .

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RehabDoctor Serial expat

279POSTS

13 years ago

Toyota Corolla.

TheLegendLeads ViP

5763POSTS

13 years ago

Leasing a car from bank is never a good option. High interset rate and that also without having ownership in your name. It's better to get a cash loan from bank and get the car.

Anyways, this topic has been discussed many times. Please use google custom search box.

Lion R.E Serial expat

241POSTS

13 years ago

hello

check Rajhi Bank they have good offers.
here is the link: alrajhibank.com.sa/en/personal/car-finance/car-deals/pages/default.aspx

yaris is not good one in my opinion and those korean cars are not practical for long distances. corolla and sunny are good

best luck

muzhi Contributor

190POSTS

13 years ago

thanks loin.....

the bank lease is very costly i will go for 2nd hand less used car .sunny do not have market value in saudis.....
i have hear that Companies like budget bid their car's can you please guide me regarding that.

my budget is 25 to 30k and i am intrested in camry.

saimans Guest

0POSTS

13 years ago

muzhi wrote:
my budget is 25 to 30k and i am intrested in camry.

Very Difficult to get a camry in that budget range unless and untill its has been drifted and abused a lot. Though you can get a good bargain for Corolla in this range. Good Luck

muzhi Contributor

190POSTS

13 years ago

:-(

muzhi Contributor

190POSTS

13 years ago

there is a arabic car website for saudi arabia do you know that? kindly share.

pkmusd Serial expat

827POSTS

13 years ago

try arab national bank for leasing i believe they are offering 4% which is a very good rate.

For car go for Corolla, as you are expat hyundai will hurt you bi when you have to go out of kingdom

Johar New member

7POSTS

13 years ago

#10

Try

TheLegendLeads ViP

5763POSTS

13 years ago

#11

muzhi wrote:
...
i have hear that Companies like budget bid their car's can you please guide me regarding that.
...

Not a good idea @muzhi. They periodically sell out their ~~misused~~ abused refurbished ~~crap~~ cars

muzhi Contributor

190POSTS

13 years ago

#12

i dnt know why peoples give so much high prices of cars espacialy expatriates聽 on the expatriate.com.

if the price is 30K they will ask for 40k .

TheLegendLeads ViP

5763POSTS

13 years ago

#13

Bcoz the potential buyers always try to negotiate (no matter you tell them what), the sellers keeps the buffers in.

pkmusd Serial expat

827POSTS

13 years ago

#14

25 to 30K for a camry will be too ambitious unless you want a nightmare rather than a car which keeps bothering you often

try expatriates.com may b youre lucky to get a hot deal

Princess MA Active member

97POSTS

13 years ago

#15

about buying a car from rajhi bank, what happens in the case when u not yet finished paying off the installments and your work contract is terminated?
do you have to pay in some sort of penalty or fine?
my husband banks through rajhi, when he asked them this, they said they'll work out an amount if he happens to return the car before its been paid up
now how on earth does this work? what if the penalty is some exorbitant amount??
any advice??

TheLegendLeads ViP

5763POSTS

13 years ago

#16

Nop, I don't think they'll apply any penalties. They'll calculate a number based on the balance due minus the car current market value.

For example say, your balance left is 50,000
*The market value they estimate of the car: 30,000

They'll offer you pay ~20,000 to close the account.

ethar1 New member

4POSTS

13 years ago

#17

Toyota is the best,
keep away from nissan

muzhi Contributor

190POSTS

13 years ago

#18

i am looking to buy Mitsubishi lancer 2009 which clicked me .any one please guide me regarding its spare parts prices and availability and reliablity performance and also its resale value.

adnanhashmi Contributor

171POSTS

13 years ago

#19

TheLegendLeads wrote:
Leasing a car from bank is never a good option. High interset rate and that also without having ownership in your name. It's better to get a cash loan from bank and get the car.

Anyways, this topic has been discussed many times. Please use google custom search box.

Cash loan from bank...good option, but would you confirm if the interest rate will be low in this case?

TheLegendLeads ViP

5763POSTS

13 years ago

#20

Obviously Adnan,
Personal loans are 4-7% and car leasing strats from 8%. Also they add the total term car insurance in the capital before caculating the interest. So, interest on insurance is charged even.

Tip: Alinma has made very nice reputation through their competitive offers and service quality. Check them out.

saimans Guest

0POSTS

13 years ago

#21

adnanhashmi wrote:
TheLegendLeads wrote:
Leasing a car from bank is never a good option. High interset rate and that also without having ownership in your name. It's better to get a cash loan from bank and get the car.

Anyways, this topic has been discussed many times. Please use google custom search box.

Cash loan from bank...good option, but would you confirm if the interest rate will be low in this case?

Yes Adnan, Interest rates are very low against the cash loans. (I'm comparing it with my home country )

muzhi Contributor

190POSTS

13 years ago

#22

i am asking something else and you guys are replying some thing else.
i have asked that kinldy let me know i am going to buy a used car my rang is 15000 to 20000.also let me know that is it better to buy car from haraj.