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Toyota Corolla 2024
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Toyota COROLLA 2024 1.5 XLI EXE 4X2 1.5 PETROL SEDAN 4Dr CVT
Vehicle Price
71600
SAR
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Calculations below are based on a monthly income of 10,000 SAR.

Period

60 Months
APR

Annual Percentage Rate (APR) is a number that represents the total yearly cost of borrowing money, expressed as a percentage of the principal loan amount.

18.65 %

Monthly Payment

1,385 SAR

Issue Expense

697 SAR

Down Payment

0 SAR
Total Vat

Issue Expense Vat: 104 SR Selling Price Vat: 10,451 SR Insurance Premium Vat: 1,490 SR

12,046 SAR 15%

Residual Payment

27,870 SAR 39%

Total Cost + VAT

123,713 SAR


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Vehicle Leasing Finance Calculation

Your monthly payment should be 40% of your net monthly income or less. Net monthly income is the monthly income withholds deductions.

Period in Month
VAT Payment Type

Financial Leasing is a method of paying for the use of a vehicle over a specified period of time. It typically starts at minimum of 12 months and provides a different procedure for termination or vehicle swapping.

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Frequently Asked Questions

Does the financial leasing contract comply with Shariah principles?

ALJ United Finance commenced Shariah compliant lease program since 1994. Our services and products are constantly scrutinized and vetted by Shariah Board. For more information, you may check the Shariah Board Approval of our Lease to own product using the following link Shariah Board.
 

What is leasing?

A contract under which the Company retains the leased asset (ownership of the car) until the end of the contract and the payment of all staggered lease payments. The Guest has the right to use the car in exchange for agreed monthly lease payments to the Company. The Guest is entitled to own the car after paying of all payments and all the terms of the contract which includes the Residual Value, or the Guest can return the car to the Company at the end of the lease term if he does not wish to own it.
 

Can I take the vehicle outside the Kingdom during the lease term?

Yes , Terms and Conditions apply.