You may want to buy a new or nearly new car in Saudi Arabia, but you are looking for an option that suits your budget without burdening you with a monthly installment that is difficult to maintain. This is where choosing an economical car that combines an affordable price, reasonable fuel consumption, and practicality for daily use becomes important.
At Carsvid, we have compiled a list of 10 economical cars available on installments, including the Suzuki Dzire, Hyundai Accent, Kia Pegas, Hyundai Grand i10, Changan Alsvin, Chery Arrizo 5, Changan Eado Plus, Suzuki Baleno, and Hyundai Elantra.
We ranked the options based on car prices, monthly installments, and their suitability for daily use, enabling you to compare and choose the car closest to your needs. Financing options are available for up to 60 months, with some cars eligible for financing without a down payment. The installment amount and final payment vary depending on the car, financing provider, and available offers.
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Best Economical Cars on Installments in Saudi Arabia
Below is a detailed explanation of the economical cars available on installments from Carsvid, along with their main specifications, approximate prices, and monthly installments:
Suzuki Dzire _ Monthly installment starts at SAR 642
The Suzuki Dzire is suitable for anyone looking for a small sedan with a low installment for commuting and daily trips. The 2024 GL trim costs approximately SAR 33,500, with a monthly installment starting at SAR 642. The car seats five passengers and has a 1.2-liter engine, with fuel consumption of approximately 21 km/l. Prices range from SAR 33,500 to SAR 48,000 depending on the trim and model, with flexible financing options of up to 60 months.
Browse Suzuki Dzire Installment Offers
Features
- Installments starting at SAR 642 in our listings
- Available in GL and GLX trims, with models from 2024 to 2026
- Compact sedan design that makes parking easier in cities
- A large number of listings allows comparison between multiple options
Hyundai Accent_ Monthly installment starts at SAR 891
The Hyundai Accent is a suitable choice for a small family seeking a modern model with a reasonable installment. The 2025 Fleet trim costs approximately SAR 46,500, with a monthly installment of SAR 891. It seats five passengers and has a 1.5-liter engine. Its fuel consumption is 18 km/l, and various flexible financing options are available for up to 60 months.
Browse Hyundai Accent Installment Offers
Note: These prices were listed at the time of writing and may vary from time to time. For the exact price, please follow price updates in the car listings on Carsvid.
Features
- Modern 2025 model with an SAR 891 installment
- Sedan with a trunk large enough for family luggage
- Hyundai is a widely represented brand in our listings
- Stable price in the listings we reviewed
Kia Pegas _ Monthly installment starts at SAR 652
The Kia Pegas is suitable for young people and limited-income earners looking for an economical sedan at a low price. The 2023 GL trim costs approximately SAR 34,000, with a monthly installment of SAR 652. It seats five passengers and has a 1.4-liter engine. Its fuel consumption is 17.8 km/l, making its installment one of the lowest among Kia cars, with flexible financing options of up to 60 months.
Browse Kia Pegas Installment Offers
Note: These prices were listed at the time of writing and may vary from time to time. For the exact price, please follow price updates in the car listings on Carsvid.
Features
- Monthly installment of SAR 652 in our listings
- Sedan from the Kia brand
- 2023 model priced at SAR 34,000
- Suitable for daily commuting within cities
Hyundai Grand i10 _ Monthly installment starts at SAR 546
The Hyundai Grand i10, a small hatchback, is suitable for city drivers who want to reduce running costs. The 2024 Standard trim costs approximately SAR 28,500, with a monthly installment of SAR 546. It seats five passengers and has a 1.2-liter engine. Its fuel consumption reaches 18 km/l, and flexible, varied financing options are available for up to 60 months.
Browse Hyundai Grand i10 Installment Offers
Note: These prices were listed at the time of writing and may vary from time to time. For the exact price, please follow price updates in the car listings on Carsvid.
Features
- Monthly installment of SAR 546
- 2024 model priced at SAR 28,500
- Small size makes parking and navigating traffic easier
- Hyundai is a well-known brand in the Saudi market
Changan Alsvin _ Monthly installment starts at SAR 661
The Changan Alsvin is suitable for anyone seeking a sedan with full equipment and a low monthly installment. The 2025 Full Option trim costs approximately SAR 22,500, with an installment starting at SAR 431. It seats five passengers and has a 1.5-liter engine. The car is available in several colors and equipment levels, and we have four listings for models from 2022 to 2026. The 2026 model has an installment of approximately SAR 661, with flexible financing options of up to 60 months.
Browse Changan Alsvin Installment Offers
Note: These prices were listed at the time of writing and may vary from time to time. For the exact price, please follow price updates in the car listings on Carsvid.
Features
- Full Option trim in all the listings we reviewed
- Installment starting at SAR 431
- Models from 2022 to 2026
- Sedan suitable for daily use
Chery Arrizo 5 _ Monthly installment starts at SAR 393
The Chery Arrizo 5 is a suitable choice for anyone prioritizing a low installment. The 2023 Comfort trim costs approximately SAR 20,500, with a monthly installment starting at SAR 393. It seats five passengers and has a 1.5-liter engine. Its fuel consumption is 17 km/l. This is the lowest available installment, while the price and installment vary according to the final payment and financing terms. Flexible financing options are available for up to 60 months.
Browse Chery Arrizo 5 Installment Offers
Note: These prices were listed at the time of writing and may vary from time to time. For the exact price, please follow price updates in the car listings on Carsvid.
Features
- Lowest installment shown in the list
- 2023 sedan model
- Low price suitable for limited budgets
- Listing with a video showing the vehicle’s condition
Changan Eado Plus _ Monthly installment starts at SAR 728
The Changan Eado Plus is suitable for anyone wanting more space than small cars with an installment under SAR 750. The 2023 Limited trim costs approximately SAR 38,000, with a monthly installment of SAR 728. It seats five passengers and has a 1.5-liter turbocharged engine. Its fuel consumption is 15.9 km/l. Carsvid offers four models priced between SAR 38,000 and SAR 61,000, with flexible financing options of up to 60 months.
Browse Changan Eado Plus Installment Offers
Note: These prices were listed at the time of writing and may vary from time to time. For the exact price, please follow price updates in the car listings on Carsvid.
Features
- Installment of SAR 728 for the 2023 Limited trim
- Models from 2023 to 2026
- Multiple trims (Limited, Trend, and Smart)
- Larger sedan than the small-car segment
Suzuki Baleno _ Monthly installment starts at SAR 891
The Suzuki Baleno is a practical hatchback for those who prefer a compact size with reasonable interior space. The 2024 GL trim costs approximately SAR 46,500, with a monthly installment of SAR 891. It seats five passengers and has a 1.5-liter engine. Its fuel consumption is 19 km/l. We have two listings priced at SAR 46,500 with an installment of SAR 891 and SAR 47,000 with an installment of SAR 901, with flexible financing options of up to 60 months.
Browse Suzuki Baleno Installment Offers
Note: These prices were listed at the time of writing and may vary from time to time. For the exact price, please follow price updates in the car listings on Carsvid.
Features
- Compact hatchback that is easy to drive in cities
- Installment of SAR 891 for the lowest-priced listing
- 2024 GL model
- Similar prices between the two available listings
Kia Picanto _ Monthly installment starts at SAR 910
The Kia Picanto is suitable for anyone wanting a small car with a modern model year and an installment below SAR 1,000. The 2026 mid-option trim costs approximately SAR 54,625, with a monthly installment of SAR 910. It seats five passengers and has a 1.2-liter engine. Its fuel consumption is 18.6 km/l. A 2027 full-option trim is also available for SAR 56,350 with an installment of SAR 939, with flexible financing options of up to 60 months.
Browse Kia Picanto Installment Offers
Note: These prices were listed at the time of writing and may vary from time to time. For the exact price, please follow price updates in the car listings on Carsvid.
Features
- Modern 2026 and 2027 models
- Two trims: mid-option and full-option
- Installment below SAR 1,000
- Small size suitable for the city
Hyundai Elantra _ Monthly installment starts at SAR 1,083
The Hyundai Elantra is the largest among the cars on the list and is suitable for a family wanting a larger sedan. The 2025 Smart trim costs approximately SAR 56,500, with a monthly installment of SAR 1,083. It seats five passengers and has a 2.0-liter engine. Its fuel consumption reaches 16.3 km/l. Available prices start at SAR 52,000 for the 2023 Fleet trim with an installment of SAR 997 and reach SAR 60,500 for the 2025 Fleet trim, with financing options of up to five years.
Browse Hyundai Elantra Installment Offers
Note: These prices were listed at the time of writing and may vary from time to time. For the exact price, please follow price updates in the car listings on Carsvid.
Features
- Four listings with Smart, GL, and Fleet trims
- Installment starting at SAR 997
- 2023 and 2025 models
- Wider sedan than the other cars on the list
How to Calculate the Monthly Installment
The monthly installment is determined by five factors: the car price, down payment, term, profit rate, and final payment. In our listings, the installment is approximately between 1.67% and 1.92% of the car price per month, depending on the car and financing program.
For example, the 2024 Dzire GL costs SAR 33,500 and has an installment of SAR 642. Multiplying the installment by 60 months gives a total of SAR 38,520. The difference from the cash price is SAR 5,020, or approximately 15%.
Criteria for Choosing an Economical Car
We selected the cars in this article according to several criteria suitable for all groups, as follows:
- Installment versus income: Keep the monthly installment within what you can afford after fixed obligations, rather than the maximum approved by the bank.
- Air conditioning and heat: Saudi summers put significant strain on the air conditioner, so test the cooling system in practice before buying.
- Distances: Those who travel on highways between cities need a comfortable car at high speeds, while those who drive within the city may find a small hatchback sufficient.
- Maintenance and spare parts: Ask about parts availability and service centers in your city, especially for newer brands in the market.
- Resale: A car that is easy to sell can reduce your installment costs later.
Which Car Should You Choose for Your Situation?
For daily commuting within the city
Choose a small hatchback such as the Grand i10 or Picanto. Their size makes parking and navigating traffic easier, and their installments are below SAR 950.
For a small family
The Accent or Eado Plus is more suitable, as both are sedans with larger trunks than hatchbacks.
For a first car with the lowest monthly commitment
Start with the Arrizo 5, Alsvin, or Grand i10, and check the final payment before signing.
For those traveling between cities
The Elantra or Eado Plus is more suitable, as the larger size means greater comfort on long roads.
For those wanting a modern model with a reasonable installment
The 2026 Picanto or 2025 Accent gives you a recent model year with an installment below SAR 950.
Benefits of Car Financing Through Carsvid
At Carsvid, we offer a flexible and convenient financing experience that makes owning your preferred car easy and free from financial complications, with the following exclusive benefits:
- Affordable down payment: The option to choose financing programs without a down payment for some models to suit your budget.
- No guarantor: Simplified approval procedures without requiring a guarantor.
- Comfortable monthly installments: Flexible repayment periods of up to 60 months with competitive monthly installments starting from low amounts.
- Smart financing calculator: The ability to estimate installments and accurately review financial details through the website before submitting an application.
- Approved banking partnerships: Close cooperation with leading banks and financing institutions in the Kingdom to speed up approvals.
Documents Required for Financing
Below are the documents required to submit an application for car financing through Carsvid, financing institutions, and partner banks in Saudi Arabia:
- National ID or residency: A copy of the national ID for citizens or valid residency permit for residents.
- Valid driving license: A copy of a valid driving license.
- Salary certificate: A recent salary certificate authenticated by the Chamber of Commerce for private-sector employees or issued by the employer for government employees, showing the job title, employment date, and net salary.
- Bank statement: An official bank statement for the last eight months showing salary deposits.
- National address: Proof of the approved national address through the SPL/Absher platform.
- Completion of the financing application: Complete the financing application through the Carsvid website or branch and specify the down payment and installment details.
Note: Some requirements or additional documents may vary according to the terms of the selected bank or financing company and the customer’s credit profile (SIMAH).
Frequently Asked Questions
What is the best economical car on installments in Saudi Arabia?
Our top recommendation is the Suzuki Dzire, with installments starting at SAR 642. If the lowest installment is the priority, consider the Arrizo 5 or Alsvin.
What is the lowest monthly installment for a new or nearly new car?
The lowest installment available from Carsvid is SAR 393 for a 2023 Chery Arrizo 5 Comfort, followed by SAR 431 for a 2025 Changan Alsvin Full Option. These figures are dated October 24, 2026, and vary according to the offer.
Can a car be financed without a down payment?
Yes, some programs offer a down payment starting at zero through Carsvid, but the terms vary according to the bank and financing institution. Check the final payment, as it may increase when there is no down payment.
Do I need a guarantor to finance a car?
According to the financing page on our website, you can obtain a car through installments without needing a guarantor when dealing with us. Final approval remains subject to the financing institution’s terms.
What is the approved financing term?
The financing term is approximately 60 months. However, the term varies according to the program and car, so we recommend using our financing calculator before applying.
Are the cars inspected?
Yes, all cars at Carsvid are inspected by specialized engineers across more than 200 points, with the option to receive a refund within 10 days.
Is an economical SUV available on installments?
The 2023 Kia Seltos LX, priced at SAR 59,000 with an installment of SAR 1,131, is the least expensive SUV available on installments.
In Summary
After reviewing the list of the cheapest economical cars on installments, we offer installments starting at SAR 393, with the highest being SAR 1,083 for the Hyundai Elantra. The Suzuki Dzire stands out as the best value according to our ranking because its installment is SAR 642. Most importantly, consider the final payment and financing terms, as they vary by financing institution.
Browse economical cars in the Carsvid listings and try the financing calculator before booking. Keep in mind that prices, installments, and financing approval vary according to the financing institution and available offers.
