Car installment exhibitions without a bank in Jeddah 2023 Buying a car may be one of the biggest investments that a person makes in his life after buying a house, and in this fast-paced world it may be difficult to manage personal and professional life without a means of transportation, as it is a tool to shorten many problems, and there is no doubt that obtaining a car requires a head Money, and it will not stand in the way of a lot when money is not available, as there are loans and supportive financial institutions. Therefore, in this article, we learn about car installment exhibitions without a bank in Jeddah 2023.

Advantages of car installments without a bank in Jeddah 2023

In light of the rapid development that the country is witnessing, there has become an urgent need for the availability of the car, whether as an investment project or for public transportation, but the obsession with obtaining the installment system through the bank remains an obstacle in front of them, especially with the impossible conditions, and despite that, there are many exhibitions available to obtain a car without Banking and convenient installments, and at these points we learn about the most important advantages of car installments without a bank in Jeddah 2023:

• It’s easy to complete car installment transactions in less than 24 hours.
• With the opportunity to pay installments for any car, regardless of its price and type.
• Also, the profit margin is low compared to the Murabaha rate charged from leasing financing and obtaining a car from the bank.
• The administrative fee is only 1% on car installments.
• Giving customers all information about the possibility of advance payment of installments.
• With the need to specify the time period for the installments owed by the customer, and this matter is due to the type and price of the car with an increase in the profit margin.
• With the availability of the feature of deducting the monthly installment from the bank to which the customer transfers the monthly salary.
• The financing calculator is often used on the official websites of car installment exhibitions to see the monthly installments and the financing period.
• Likewise, the possibility of using finance offices to install a car with a down payment to reduce the profit margin.

See also: The cost of a car inspection project

Car installment exhibitions without a bank in Jeddah 2023

There are many showrooms in the Kingdom of Saudi Arabia operating according to the convenient installment system, as well as without paying a pre-installment and most importantly without bank dealings, but it requires signing conditions that satisfy both parties while preserving and maintaining rights. We explain below the most important car installment showrooms without a bank in Jeddah 2023 :

Exhibition name	the address	Working hours	Telephone number
Al Naggar Car Showroom	Saud Al-Faisal, Al-Faisaliah, Jeddah 23442	Daily 10 am to 1 pm and from 2 pm to 7 pm and closed on Friday	+966 920029838
Also, Al Yousr Showroom for Cars	Al Jawharah District, Al Jawharah District, 4306, Jeddah 22417	Daily from 9:30 am to 11 pm, including Friday	–
Gulf Motor Show	Al-Rajhi ATM, next to Al-Maarad Street, Jeddah, Saudi Arabia	Daily from 9 am to 9 pm and on Friday from 4:30 pm to 8:30 pm	+966 920002140
Also, Abdul Latif Jameel Motors Showroom	Al-Hamdaniya District, Al-Hamdaniya District, Jeddah 23761	Every day except Friday from 12:00 am until 4:00 pm and from 8:00 pm until 12:00 pm	+966 800 244 4400
Al Yusr Showroom for car leasing and financing	Saud Al-Faisal, Al-Faisaliah, Jeddah 23441	Daily from 8:30 am to 4:30 pm and closed on Fridays, Saturdays and Sundays	+966 8001160711
Also, Al Ghazi Car Showroom	Al-Jawhara, Jeddah 22417	Daily from 9 am to 1 pm and from 4 pm to 9 pm except Friday from 4 pm to 9 pm	+966554230153
Auto Star Showroom	Medina Road, Al Salamah, Jeddah 23525	Daily from 9 am to 9 pm every day except Friday, a holiday	+966 920006191
It is also an autozone exhibition in Al-Bayd for cars	4326 King Abdullah Road, Al Naseem, 6055, Jeddah 23236 4326	Daily from 8:30 am to 8:30 pm every day except Friday is a holiday	+966 800 760 6000
Abdul Latif Jameel Center for Used Cars	6507 Madinah Al Munawwarah Road, Al Bawadi District, Jeddah 23531 2396, Jeddah 23531, Saudi Arabia	Daily from 9:00 am to 1:00 pm and from 4:30 pm to 9:00 pm, except for Friday, a holiday	966565850035+
Also, Aljomaih Auto Show	Kilo 9, Medina Road, Al Faisaliah, Jeddah 23442	Daily from 8:00 am to 1:00 pm and from 4:30 pm to 9:00 pm, except for Friday, a holiday	9668007525252

See also: used car prices in Kuwait, all types

Conditions for car installments from exhibitions

The Kingdom is witnessing great interest from car enthusiasts due to it being the largest market in the Middle East, as well as various showrooms that compete in order to obtain the satisfaction of the largest number of customers, so it provides the service of obtaining a car in installments, but with specific conditions, we explain the following the most prominent installment conditions Cars from the show:

• It is required to bring a copy of the national identity or the permanent residence number of the customer in the car installment contract without a bank.
• With the account statement of the customer’s salary with the entity known by the exhibition.
• Note that the minimum salary of a customer is 4,000 Saudi riyals in the government sector, while the minimum salary of a customer is 6,000 Saudi riyals for employees in the private sector.
• Requires approval of the profit margin stipulated in the contract on car installments.
• One of the terms of the agreement is that the period of employment of the customer with government agencies is not less than one month and not less than 6 months with the private sector without any interruption.
• The customer’s salary type and transfer to a bank in the Saudi banking sector must be specified.

See also: Hybrid car prices in Saudi Arabia 2023

Car installment fees without a bank

Determining the fees is often due to the company to be dealt with, as well as determining the type of car and its value, but some of the standards common to all exhibitions that are organized by the responsible authorities by the state must be adhered to, otherwise it is the result of procedural dealings with the company, and we explain below the installment fees The car without a bank:

• It is required to pay a fixed and specific administrative fee for all car installment showrooms of 1%, in compliance with provisions and Islamic law.
• Note that no other fees apply to installments or the purchase of cars on the installment system.
• Regarding the profit margin, it is determined according to the showroom, as the specific profit margins differ based on several factors related to the car model and its price.

The best car installment company in Saudi Arabia

There are many companies operating on the installment system in the Kingdom of Saudi Arabia, and this has led to an intensification of competition between them, so part of them launch facilities and offers, as well as discounts in the case of cash payment, and in the case of installments, it is in large installments and in a comfortable installment with the provision of all means upon payment Below, we review the best car installment companies in Saudi Arabia:

Saudi Installment House Company

• It offers financing of up to 500,000 Saudi riyals, with a competitive profit margin
• The possibility of repayment up to sixty years with a down payment of up to 5% without salary transfer.
• The maximum financing period is three years, with the possibility of financing used cars for up to two years.
• It also gives instant approval with the possibility of repayment up to 60 months.

Al Yusr Installment Company

• It is characterized by providing comfortable and easy car installment programs and installment service with flexible or no down payment and installments up to five years.
• Most importantly, it provides the service without the need for a guarantor, with full car insurance throughout the period of the installment contract.

Osoul Modern Finance Company

• It offers many financing services for cars of all kinds, with convenient installments
• With the availability of financing services for machinery, equipment and electronic devices in addition to financing buildings.

Abdul Latif Jameel for installment and leasing

• The company provides car installment services for Toyota, Lexus and Daihatsu
• It also offers home appliances installment services from Toshiba and Felico, among others.
• The company also operates on a lease-to-own system.

Car installment exhibitions without Riyad Bank

When taking car installments without a bank, the customer must choose the appropriate system for him, as companies offer the customer several options, perhaps the most prominent of which is the car installment system without a bank with a down payment, where the customer is provided with a bank account number in order to transfer the value of the first cash payment from the price The car to him, and we mention the following car installment exhibitions without Riyad Bank:

• Where is the selection car showroom, address (Sheikh Abdul Rahman bin Abdul Latif bin Abdul Rahman – Al-Manar – Riyadh)
• As well as the Central Motor Show, the address (Al-Manar – Riyadh).
• As Al-Amar Gallery, address (Wadi Al-Dawasir Street – Al-Qadisiyah – Riyadh)
• Also, the new Al-Shifa Car Showroom, address (Al-Khalil bin Ahmed Al-Marwa – Riyadh).

Cancellation of the car installment contract without a bank

In the event that the customer fails to pay the monthly installments for a period previously agreed upon in the installment contract, then the seller has the right to terminate the contract with the obligation of the customer to pay all the late installments, and also in the event that the customer waives the contract by mutual consent between him and the seller, the contract becomes invalid and thus ends. of the contract specified between the parties.

Car installment exhibitions without a bank in Jeddah 2023