Saudi Car Finance Calculator Widget
Price a Saudi car finance or lease-to-own deal: down payment, an optional final (balloon) payment, upfront fees, the monthly instalment and total term cost - and how SAMA counts the balloon when it measures your debt burden.
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<iframe src="https://a2z.tools/embed/w/saudi-car-finance-calculator" title="Saudi Car Finance Calculator by A2Z Tools" width="100%" height="930" style="border:0;width:100%" loading="lazy" allow="clipboard-write"></iframe>
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<div data-a2z-widget="saudi-car-finance-calculator" data-height="930"></div> <script async src="https://a2z.tools/embed.js"></script>
Adds a small script (what it does) that sizes the widget to fit its content, loads it lazily and keeps it isolated from your page's CSS.
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How it works
Saudi car finance is usually a lease-to-own or murabaha contract with level monthly instalments and, often, a large final payment. The widget finds the instalment that, with the balloon paid at the end, repays the amount financed at the APR you enter: the balloon's present value is taken off the amount first, and the rest is spread over the term. A balloon lowers the monthly figure but raises the total term cost because more of the balance stays outstanding for longer. SAMA's Responsible Lending Principles treat vehicle finance as consumer finance, so the term may not exceed 60 months, and for the burden test unequal instalments are averaged: the balloon is spread across the months, which can push the counted obligation well above the advertised instalment. No SAMA cap on down payment or balloon was found, so neither is enforced. Upfront fees and insurance are added to the cash needed at signing, not to the rate.
Calculation method
- Financed = price - down payment
- Instalment = (financed - balloon / (1 + r)^n) x r / (1 - (1 + r)^-n), r = APR / 12
- Counted obligation (RLP 13(e)) = (instalment x n + balloon) / n
- Checks: term <= 60 months; salary deductions and burden limits
Worked examples
With a balloon
Inputs: Price SAR 112,000; down 12,000; balloon 30,000; APR 6%; 60 months
Result: About SAR 1,503 a month
Counted obligation about SAR 2,003 with the balloon averaged.
Without a balloon
Inputs: Same, no balloon
Result: About SAR 1,933 a month
An illustration at the rate you enter, not a finance offer. Lenders decide eligibility, rate, down payment and fees.
Limitations
- Insurance, registration and maintenance packages are only included if entered as fees.
- The separate lease and ownership values in a lease-to-own schedule are not split out.
- Lender rates are not shown; enter the APR from the offer.
Where publishers use it
- A car dealer's website showing instalments with and without a balloon
- An auto-finance comparison blog explaining lease-to-own costs
- A buyer checking whether a balloon deal fits SAMA's burden limits
- A fleet manager comparing ownership costs of sedans, pickups and SUVs for field staff
- A Riyadh buyer comparing a balloon lease with a plain murabaha
- A Dammam fleet manager pricing pickup trucks
Questions
What is the maximum car finance term in Saudi Arabia?
60 months. Vehicle finance is consumer finance under SAMA's Responsible Lending Principles, which cap the term at five years.
How does a balloon payment affect my debt burden?
SAMA counts unequal instalments at their monthly average. A SAR 30,000 final payment over 60 months adds SAR 500 a month to the obligation used in the burden test, even though the instalment you pay is lower.
Is there a minimum down payment for car finance in Saudi Arabia?
No SAMA rule sets one; lenders set their own. The widget accepts any down payment from zero.
What happens to the balloon payment at the end of a lease-to-own contract?
It falls due with the last instalment. Most customers either pay it in cash, refinance it with a fresh agreement, or return the vehicle where the contract allows; refinancing restarts term cost on the outstanding residual.
Rules and official sources
Every legal or regulatory figure this widget uses is listed here, with the official page it was read from. The widget reads them from A2Z's rule file for Saudi Arabia; when a rule changes, the widget changes with it.
| Rule | Official source | In force from | Last verified | Next review |
|---|---|---|---|---|
| Maximum consumer finance term Personal and vehicle finance may not exceed 5 years (60 months); real estate finance and credit cards are outside this limit (para 18). In force from 12 August 2018. |
Responsible Lending Principles for Individual Customers, Chapter IV Saudi Central Bank (SAMA Rulebook) - Para. 18 |
12 Aug 2018 | 7 Oct 2026 | 5 Apr 2027 |
| Income counted for debt burden Total monthly income = gross salary (or pension) + 50% of the monthly average of other periodic income evidenced over two years (para 14). Citizen Account and social security support are excluded; MoMAH/REDF housing support counts for real estate products only. A credit card counts at its minimum repayment; unequal instalments, including a final balloon payment, count at their monthly average (para 13). |
Responsible Lending Principles for Individual Customers, Chapter IV Saudi Central Bank (SAMA Rulebook) - Paras. 13 and 14 |
12 Aug 2018 | 7 Oct 2026 | 5 Apr 2027 |
| Instalments deducted from salary Instalments deducted from salary may not exceed 33.33% of gross salary for employees and 25% for retirees, in every income band. |
Responsible Lending Principles for Individual Customers, Chapter IV Saudi Central Bank (SAMA Rulebook) - Paras. 15(a), 16(a), 17(a) |
12 Aug 2018 | 7 Oct 2026 | 5 Apr 2027 |
| Debt burden limits by income band Income up to SAR 15,000: obligations other than home finance up to 45% of income; all obligations up to 55%, or 65% for Ministry of Housing / REDF support beneficiaries on home-finance products. Over SAR 15,000 and under 25,000: 45% and 65%. SAR 25,000 and above: only the salary-deduction limit is fixed; the total is set by the lender's policy. |
Responsible Lending Principles for Individual Customers, Chapter IV (amended by Circular 406940000001) Saudi Central Bank (SAMA Rulebook) - Paras. 15(b)-(c), 16(b)-(c), 17 |
12 Aug 2018 | 7 Oct 2026 | 5 Apr 2027 |
Sources
- Responsible Lending Principles for Individual Customers, Chapter IV - Saudi Central Bank (SAMA Rulebook) . Para. 18. Verified 2026-10-07.
Cite or recommend this tool
If you reference this tool in an article, course or documentation, these formats are ready to copy. They are optional - nothing is added to your site unless you paste it.
A2Z Tools Saudi Car Finance Calculator https://a2z.tools/embed/saudi-car-finance-calculator
<a href="https://a2z.tools/embed/saudi-car-finance-calculator">A2Z Tools Saudi Car Finance Calculator</a>
[A2Z Tools Saudi Car Finance Calculator](https://a2z.tools/embed/saudi-car-finance-calculator)
Saudi Car Finance Calculator by A2Z Tools - https://a2z.tools/embed/saudi-car-finance-calculator
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