Drive Your Dream Car With Flexible Auto-Leasing for New Cars

Riyad Bank Auto Leasing program gives you the opportunity to own your car with repayment periods up to 60 months and the option to transfer ownership during the leasing period through early settlement.

• Exclusive offers for Riyad Bank customers
• Possibility of transferring the lease to another customer (Ihlal)
• Possibility of adding a second driver (first degree relative)

For Auto Leasing APR disclosure, click here

Auto leasing for Saudis of approved companies:

• Should be 18 years old and above
• Minimum net salary S..R 4000
• A one month period of service required
• A letter from employer confirming the salary assignment to Riyad Bank

For non-salary transferred customers:

• Should be 18 years old and above
• Minimum net salary S..R 5000 for employee at governmental sector
• Minimum net salary S..R 5500 for employee at private sector
• Minimum period of service 3 months

Auto leasing for non-Saudis of approved companies:

For salary transferred customers:

• The customer must be employee at governmental or private sector
• Should be 18 years old and above
• Minimum net salary S..R 6000
• Minimum period of service 3 months
• A letter from employer confirming the salary assignment to Riyad Bank
   

For non-salary transferred customers:

• The customer must be employee at governmental or private sector
• Should be 18 years old and above
• Minimum net salary S..R 7000
• Minimum period of service 3 months

Auto leasing of non-approved companies:

For salary transferred customers:

• Should be 18 years old and above
• Minimum net salary S..R 6000
• For Saudi and non-Saudi customers
• Minimum period of service 6 months
• A letter from employer confirming the salary assignment to Riyad Bank
   

For non-salary transferred customers:

• Should be 18 years old and above
• Minimum net salary S..R 8000 For Saudi customers
• Minimum net salary S..R 10000 For non-Saudi customers
• Minimum period of service 6 months for Saudi
• Minimum period of service 6 months for non- Saudi

For an initial approval, you can either visit a dealership sales consultant, visit the nearest Riyad Bank branch, or call us on 800-124-2020.

Once you have the initial approval, you can provide the rest of the following documents:

• Salary certificate (less than two months old)
• A valid Saudi national ID / Iqama
• A completed lease application form
• A valid driving license
• 3-month bank statement for your salary account (required if your salary will not be transferred to Riyad Bank)
• Salary transfer letter (in case of financing with salary transfer to Riyad Bank)
• Vehicle quotation (from a dealer approved by Riyad Bank)