Financing terms

This page explains how financing (instalments) works when you buy a car from KAYANAK Cars. By using the financing calculator or sending a financing request you agree to these terms.

Who provides the financing

• KAYANAK Cars is not a finance provider and does not lend money. Our role is to offer the car and help you apply.
• Financing is provided by partner banks and finance companies licensed in the Kingdom of Saudi Arabia.
• The financing contract is between you and the finance provider. That contract governs your relationship with them, and KAYANAK is not a party to it.

How the instalment is calculated

• Down payment: not less than the minimum share of the car price shown in the calculator. You may pay more.
• Financed amount: the car price minus the down payment.
• Financing profit: a fixed yearly percentage of the financed amount for each year of the financing period, as shown in the calculator.
• Monthly instalment: the financed amount plus its profit, divided equally over the months of the financing period.
• Financing period: in years, within the periods offered in the calculator.

The figures are estimates

• Everything the calculator shows is an estimate for illustration. It is not a binding offer and not an approval.
• The final amounts, profit rate, annual percentage rate and fees are set by the finance provider's contract.
• The estimate does not include comprehensive insurance, administrative fees or any government fees that may apply.
• The minimum down payment, the profit rate and the available periods may change at any time. A change does not affect a contract signed before it.

Requesting financing and approval

1. Choose the car, then the down payment and the financing period in the calculator.
2. Send the financing request with your name and mobile number.
3. The KAYANAK team contacts you to confirm the request and explain the steps.
4. The finance provider reviews your application and asks for the documents it needs, such as your ID and proof of income.
5. On approval you sign the contract with the finance provider, and we arrange delivery of the car.

Sending a request does not mean it is approved. Approval is the finance provider's decision alone, by its own criteria. It may decline the request or offer different terms.

Reserving the car and the price

• A financing request does not reserve the car. It may be sold to another customer before your application is complete, unless a reservation is agreed with our team.
• The price on the car's page is the one that applies at the time of the request. It may change before the contract is signed.

Your data

• We use the details in your financing request (name, mobile number, car, down payment, period) to contact you and process the request.
• We share your details with a finance provider only to review your application, and only with your consent.
• See the Privacy Policy for details.

Early settlement and late payment

Early settlement, late payment and cancellation are governed by the finance provider's contract and the Saudi Central Bank's rules. Read the contract carefully before you sign.

Contact and complaints

For any question or complaint about a financing request, contact us through the Contact page or at [email protected]. Complaints about the financing contract itself go to the finance provider.

Governing law

These terms are governed by the laws of the Kingdom of Saudi Arabia. If the Arabic and English texts differ, the Arabic text prevails.