Car on Installment in Riyadh: Flexible Payment Plans with Soum

“New car, new adventures, endless possibilities”

Are you thinking about buying a car? Just so you know, if you are thinking about paying in full, you might face financial challenges later. So what can you do? You can get a car on lease. But what does that mean?

It means that you can get a car and create a monthly payment plan, and you’ll pay a fixed amount on a certain date every month. Getting a car on installment in Riyadh is even easier as they have a lot of reliable services. 

One such service is Soum, and we’ll learn more about it on why you should choose it to get cars on installment in Riyadh. 

Why Choose Soum for Buying a Car on Installment in Riyadh?

If you are thinking about purchasing a car on Installment in Riyadh, Saudi Arabia, you should look for a platform that is secure and offers affordable vehicles. One such is Soum and here are a few reasons why you should choose it:

1. No Bank Credit History Required

High credit scores and long credit histories are usually required, which makes it harder for people to get a vehicle. However, you don’t need such things here. People who are self-employed or have low credit scores can still own a good second-hand car.

2. Quick and Easy Approval Process

You get instant loan approvals within 24 to 48 hours here in Soum. Banks take weeks to go through, and it can be frustrating, but with the help of this platform, you can purchase your vehicle without any unnecessary delays.

3. Flexible Payment Plans

Non-bank financing providers often offer customized payment plans based on your budget. Some even allow you to choose a payment structure that fits your monthly income.

4. No High Interest Rates or Hidden Fees

Hidden fees and high interest rates can be a bummer and can shake your financial health. However, Soum doesn’t charge you any such thing, as it aims to provide affordable choices.

5. Sharia-Compliant Financing Options

For those looking for Islamic finance solutions, several non-bank institutions provide Sharia-compliant car installment plans, ensuring you don’t pay interest but rather a pre-agreed fixed amount.

Why Do Many People Prefer Buying Cars on Installment in Riyadh?

Have you wondered why buying a car on a monthly payment basis has become so popular in Riyadh? Well, I’ll tell you why, just keep reading:

• Easier Payment Management: Paying for a car in full can cause a financial burden but paying in installments is easier and maintains your economic health as you pay it every month until it’s fully paid off.
• Access to High-End Cars: Financing plans make it easier for buyers to get high-end and luxury cars. 
• Flexible Payment Terms: Several services like Soum offer low monthly payments with adjustable terms, creating flexible payment methods. 
• Preserve Cash Flow: Keeping cash reserves intact while making small monthly payments ensures better financial malleability. 
• Immediate Ownership: Unlike traditional leasing, installment plans allow buyers to own the vehicle while paying over time. 

If you’re searching for a car on installment in Riyadh, you’ll find that Soum offers the most budget-friendly, transparent, and customer-focused options available. You can see in the infographic below why leasing a car is better than purchasing. 

How to Choose the Right Car Based on Your Budget and Needs?

When selecting a car on installment in Riyadh, it’s important to assess your fund and requirements carefully. Here are a few key steps to help you make the best decision:

1. Determine Your Budget

Your budget plays a crucial role, and you need to consider your financial situation and settle for an affordable option that you can pay monthly.

If you decide to get a car and its installment is more than you can afford, you’ll be under great pressure and your car will be taken away from you. In the worst case, legal actions will be taken against you.

2. Select the Right Car Type

• Sedans (e.g., Toyota Camry, Honda Accord) – Ideal for everyday use and family comfort.
• SUVs (e.g., used Nissan cars, Ford Explorer) – Perfect for long trips and off-road adventures.
• Compact Cars (e.g., Hyundai Accent, Kia Rio) – Affordable, fuel-efficient, and great for city driving.
• Luxury Cars (e.g., Mercedes-Benz C-Class, BMW 5 Series) – Suitable for those looking for prestige and high performance.

3. Compare Prices & Financing Options

Soum offers several prices for used cars in Riyadh, so compare all the different plans. If needed, look for zero or low-down payment options. 

Best Cars to Buy on Installment in Riyadh in 2025

I’ll be mentioning some of the high-grade installment cars that you can get in Riyadh in 2025:

 Toyota Camry (Best-Selling Sedan)

• Why Buy? The Toyota Camry is known for its reliability and fuel efficiency. It also fits in most of the budgets.

 Nissan Patrol (Best SUV for Off-Road & Family Use)

• Why Buy? Spacious, powerful, and perfect for Saudi terrain. If you want a family car that is spacious and powerful, the Nissan Patrol is probably the ultimate choice.

 Honda Accord (Best Mid-Range Sedan)

• Why Buy? For individuals who want a stylish design that has a great road presence along with premium features, the Honda Accord is exactly what you need. 

Mercedes-Benz C-Class (Best Luxury Car)

• Why Buy? Mercedes-Benz C Class offers high performance along with an elegant look. And its resale value is amazing.

 Ford Explorer (Best Family-Friendly SUV)

• Why Buy? Spacious interior, advanced safety features. If you want to ensure the safety of your family and want a spacious interior, the Ford Explorer emerges as the perfect family-friendly SUV.

PRO TIP
Don’t be shy with negotiation as it can help you get a reduced overall cost!

Essential Tips for Buying a Used Car on Installment in Riyadh

Keep the below-mentioned tips in mind if you want to make a smart and secure purchase:

1. Check the Vehicle’s History – Make sure to ask for a detailed report on previous ownership so you check if it is related to any legal issues and if it ever got into an accident. 
2. Compare Different Financing Plans – By comparing different financing plans, you can choose the most affordable payday loan option that fits perfectly in your monetary fund. 
3. Inspect the Car Thoroughly – Inspect the vehicle thoroughly with the help of a professional to check that everything is working properly. 
4. Understand the Terms & Conditions – Many people don’t read the payment details carefully and end up paying hidden fees. So, read it carefully before making any commitments.
5. Buy from a Trusted Platform – Platforms like Soum are trusted by many people, and they offer great plans. By buying from such services, you don’t have to worry about getting scammed or anything.

Buying a car on installment has become seamless in Riyadh thanks to services like Soum. So, if you are looking for a reliable vehicle that fits your fund, you know where you are going to find it. Avoid getting scammed and only opt for certified platforms. 

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