The new program is designed to fulfil the desire of a certain segment of customers to allow them to drive away in their car of choice by placing a down payment of 50% upfront and an ownership payment (balloon payment) of 50% at the end of the lease period after 3 years to own the car.
Program Criteria
The table below summarizes AlAhli Lease Finance 50/50 program criteria
| Item | Description |
|---|---|
| Down Payment | 50% |
| Balloon Payment | 50% |
| Leasing Tenor | 3 Years |
| Salary Transfer | Does not require salary transfer |
| Minimum Transferred Income | 8,000 |
| Minimum Non-Transferred Income | 10,000 |
| Admin Fees | 0% |
Cars Brands Eligible for 50/50 Program
Example of Annual Percentage Rate
The table below and its numbers is an illustrative example only to show the annual percentage rate, which is dependent on four variables (Finance amount, profit rate, loan tenor and car price):
| Asset Type |
Finance Amount |
Maturity in Years |
APR |
Monthly Repayment Amount |
Residual Value |
|---|---|---|---|---|---|
| Car | 150,000 | 3 Years |
1.34% | 592 | 75,000 |
Disclaimers
• Offer duration is from 01/01/2025 until 31/03/2025
• The monthly installment does not include insurance and is added according to the applicant’s insurance record.
• The offer is for demonstration purpose only, customer may choose the desired down payment amount and design the monthly installment that suits his needs
• The car specifications are for advertising purposes, they may be different than those available in the dealer showroom as well as the published price
• The monthly installment was calculated based on the price of the car standard class
• Terms and conditions of the bank and the dealer are severally applied
