Auto Leasing for Used Cars - Car Loan
Auto-Leasing for Used Cars
Riyad Bank Auto Leasing program gives you the opportunity to own your car with repayment periods up to 36 months and the option to own more than one car.
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Shariah-compliant
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Easy and flexible installment plans
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Available for Saudis and non-Saudis
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Available for salary transfer and non-salary transfer
More Information
Auto leasing for used cars allows you to lease the car of your choice though Shariah-compliant programs with easy and flexible installment plans.
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Comprehensive insurance coverage
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Financing period up to 3 years
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Available for the government sector, military sector, private sector and pensioners
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Possibility of delegating another driver
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Competitive profit margin
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Flexible last payment
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For Auto Leasing APR disclosure, click here
Auto Leasing for Saudis of Approved Companies:
For salary transferred customers:
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Should be 21 years old and above
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Minimum net salary SAR 4000
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No period of service required
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A letter from employer confirming the salary assignment to Riyad Bank
For non-salary transferred customers:
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Should be 21 years old and above
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Minimum net salary SAR 6000
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Minimum period of service 3 months
Auto Leasing for Non-Saudis of Approved Companies:
For salary transferred customers:
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The customer must be employee at governmental or private sector
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Should be 21 years old and above
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Minimum net salary SAR 4000
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Minimum period of service 3 months
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A letter from employer confirming the salary assignment to Riyad Bank
For non-salary transferred customers:
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The customer must be employee at governmental or private sector
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Should be 21 years old and above
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Minimum net salary SAR 8000
- Minimum period of service 3 months
Auto Leasing of Non-Approved Companies:
For salary transferred customers:
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Should be 21 years old and above
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Minimum net salary SAR 6000
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For Saudi and non-Saudi customers
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The customer must be employee at private sector
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Minimum period of service 3 months
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A letter from employer confirming the salary assignment to Riyad Bank
For non-salary transferred customers:
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Should be 21 years old and above
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Minimum net salary SAR 8000
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For Saudi and non-Saudi customers
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The customer must be employee at private sector
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Minimum period of service 3 months for Saudi
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Minimum period of service 6 months for non- Saudi
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For an initial approval, you can either visit a dealership sales consultant or visit one of our selected branches, or even call us on 800-124-2020.
Once you have the initial approval, you can provide the rest of the following documents:
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Salary certificate (less than two months old)
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A valid Saudi national ID / Iqama
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A completed lease application form
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A valid driving license
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3-month bank statement for your salary account (required if your salary will not be transferred to Riyad Bank)
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Salary transfer letter (in case of financing with salary transfer to Riyad Bank)
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Vehicle quotation (from a dealer approved by Riyad Bank)
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AlIssa auto: Nissan
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Petromin: Nissan
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AlJomaih auto: GMC, Chevrolet, Cadillac
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Universal Motors Agencies: GMC, Chevrolet
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AlJabr Automotive (KIA): Kia
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Abdullah Hashim Co Ltd.: Honda
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United Motors: Chrysler, Cherokee, Dodge
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Alesayi Motors: Mitsubishi
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Aljazirah Vehicles Agencies Co: Ford, Lincoln
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Almajdouie Motors: Hyundai, Genesis – eastern region
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Wallan Motors: Hyundai, Genesis – central region
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Mohamed Yousof Naghi Motors: Hyundai, Genesis, BMW
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Haji Husein Alireza and Co: Mazda
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Samaco automotive: Audi
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Ibrahim Al Jaffali and Bros Car Company: Mercedes Benz
List of Auto leasing program fees:
Description
Fees
Apply Online - Auto Leasing for Used Cars
Riyad Bank Auto Leasing program gives you the opportunity to own your car with repayment periods up to 36 months and the option to own more than one car.
