How to use it
Enter the car price, the down payment and final payment as percentages, the term in months and the flat profit rate. You’ll see the installment, the total you pay and the APR.
Example
A 100,000 SAR car, 10% down, a 30% final payment, 60 months at 4% flat:
| With final payment | Without | |
|---|---|---|
| Monthly installment | 1,300 | 1,800 |
| Final payment | 30,000 | 0 |
| Total profit | 18,000 | 18,000 |
| APR | 5.81% | 7.42% |
The final payment makes each month cheaper, but the total profit is the same, and you need 30,000 SAR at the end, or to refinance or return the car if your contract allows.
Before you sign
- Compare offers by APR, not the flat rate.
- Ask what happens at the end: can you pay the final amount in installments, or return the car?
- Check insurance, which is usually required and paid separately.
For personal loans, try the loan calculator.