Auto Lease Offer

Al Rajhi Bank is pleased to offer you the best car leasing offer for the car luxury brands

Apply Now via alrajhi bank app

Salary Transferred Customers to alrajhi bank

1. Down payment 0%.
2. Admin Fees 0%
3. Balloon Payment 45%
4. Term 60 Months.
5. Low Annual Percentage Rate (including insurance) starting from 4.55%.

Non-Salary Transferred Customers

1. Down payment 5%.
2. Admin Fees 0%
3. Balloon Payment 35%.
4. Term 60 Months.
5. Low Annual Percentage Rate (including insurance) starting from 9.87%.

Zero admin fees & Zero Down Payment offer includes the following Dealers: 

Brand	Agency
Hyundai	Al-Majdoue, Al-Wallan Saleh Cars Group Mohamed Yousuf Naghi Motors Co
FORD	Mohamed Yousuf Naghi Motors Co BALUBAID Auto Zone
Geely	Mohamed Yousuf Naghi Motors Co BALUBAID Auto Zone, Al-Wallan Saleh Cars Group
Cheery	Al-Yemni, BALUBAID Auto Zone Mohamed Yousuf Naghi Motors Co Saleh Cars Group
Nissan	Mohamed Yousuf Naghi Motors Co, BALUBAID Auto Zone Petromin
KIA	Mohamed Yousuf Naghi Motors Al-Jabr, BALUBAID Auto Zone Saleh Cars Group
GMC Chevrolet	Mohamed Yousuf Naghi Motors BALUBAID Auto Zone Universal Motors Agencies Company Ltd.
JAC	Mohamed Yousuf Naghi Motors Shuaa Al-Sharq
GAC	Mohamed Yousuf Naghi Motors Al-Jomahi Automotive Co.
BAIC – Maxus	Motor Gate Mohamed Yousuf Naghi Motors Saleh Cars Group
MG	Mohamed Yousuf Naghi Motors Saleh Cars Group Tajeer Group BALUBAID Auto Zone
Haval - Great Wall	Mohamed Yousuf Naghi Motors Saleh Cars Group BALUBAID Auto Zone
Jetour	Mohamed Yousuf Naghi Motors Saleh Cars Group
Changan	Mohamed Yousuf Naghi Motors, Al-Majdoue BALUBAID Auto Zone Mohamed Yousuf Naghi Motors
Suzuki	Najeeb Auto Mohamed Yousuf Naghi Motors BALUBAID Auto Zone
Mitsubishi	Mohamed Yousuf Naghi Motors, BALUBAID Auto Zone, Al-Esayi Motors
Mazda	BALUBAID Auto Zone Mohamed Yousuf Naghi Motors
TOYOTA	BALUBAID Auto Zone Mohamed Yousuf Naghi Motors,
Bestune	Tajeer Group
Peugeot	Al-Majdoue
HONGQI	Universal Motors Agencies Company Ltd.

 

Example 1 : Salary Transferred Customer

Asset Type	Loan/Finance Amount	Maturity in Years	APR	Monthly Repayment Amount	Residual Value
Car	100,000 SAR	5 years	4.55%	1192	45,000 SAR

Example 2 : Non salary transfer

Asset Type	Loan/Finance Amount	Down payment	Maturity in Years	APR	Monthly Repayment Amount	Residual Value
Car	100,000 SAR	5,000 SAR	5 years	9.87%	1514	35,000 SAR

Example 3 : Salary Transferred with different car price  

Asset Type	Loan/Finance Amount	Down payment	Maturity in Years	APR	Monthly Repayment Amount	Residual Value
Car	80000 SAR	5,000 SAR	5 years	4.55%	953	36,000 SAR

APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer

How to apply

1. Please visit your nearest Al Rajhi Bank branch, or visit any dealer’s showrooms.Or call 8001241222
2. Apply online via the website
3. Through alrajhi bank app

Terms and Conditions

1. Terms and conditions are applying
2. Offer is valid until 31 Dec. 2023

alrajhi bank is controlled and supervised by SAMA

Disclosure of Interest Rates on Financing and Saving

The Annual Percentage Rate (APR):

It is the discount rate at which the present value of all payments and installments that are due from the Borrower, representing the Total Amount Payable by the Borrower, equals the present value of all payments of the Amount of Financing available to the Borrower on the date on which the Financing amount or the first payment thereof is available to the Borrower.  

Illustration:

Asset Type	Loan/Finance Amount	Maturity in Years	APR	Monthly Repayment Amount	Residual Value
Car	100,000 SAR	5 years	4.55%	1192	45,000 SAR

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.

Finance Amount:

The contract stipulates the amount of financing you will receive in addition to the period of repayment of the installments, stating their value and the maturity date of these installments. The data also include the cost of obtaining funding in terms of knowing the fixed term cost rate and management fees.

Maturity In Years:

The duration of the contract agreed upon between the parties, which shall indicate the date and expiry of the contract with the parties with the terms of the contract.

Monthly repayment amount:

These payments are recognized in the contract, and the lessee is obliged to pay them on the due dates. The contract shall also include a schedule of repayment installments, in which the value of the asset's rent and the value of the right of ownership shall be shown separately, provided that the premium for any period shall not be less than the principal's rent for that period in the contract.

Residual Value:

The last payment is usually to 50% of the car price which you decide to pay at the end of the lease. It makes the monthly rentals that you pay less, but you have to be ready to make a large payment at the end of the lease