Question 1

What is the car installment service via CarsVid?

Accepted Answer

CarsVid's car installment service allows you to buy the car you want in comfortable monthly installments with flexible financing options to suit your budget without having to pay the full price at once.

Question 2

What documents are required to apply for financing for Saudis?

Accepted Answer

Required documents include a valid national ID copy, salary certificate, bank statement for the last three months, recent social insurance printout, valid driver's license, and car price offer.

Question 3

What documents are required to apply for financing for residents?

Accepted Answer

Residents need a valid residency copy, certified salary certificate, bank statement, valid driver's license, and car price offer.

Question 4

What are the car financing conditions?

Accepted Answer

Financing conditions include that the applicant must be Saudi or a resident, have a salary or steady income, and provide all required documents. Conditions vary by bank or financing entity, but CarsVid facilitates the procedures to be easy and fast.

Question 5

Can I buy a car without a down payment?

Accepted Answer

Yes, you can buy a car without a down payment in Saudi Arabia through CarsVid according to the financing plan that suits you.

Question 6

Can I get a car in installments without a guarantor?

Accepted Answer

Yes, you can get a car on an installment system without the need for a guarantor when dealing with CarsVid.

Question 7

Why should I choose to installment my car via CarsVid?

Accepted Answer

Because cars are rigorously inspected for more than 150 points to ensure their quality, and we also provide flexible financing offers, free warranty services for one year, videos showing the car's features and drawbacks, and fast delivery to your door.

Question 8

What is the lowest possible installment you can get?

Accepted Answer

You can get monthly installments starting from 500 Saudi Riyals, and the installment varies according to the car model and financing value.

Question 9

Can I receive the car immediately upon approval of the financing?

Accepted Answer

Yes, after completing all procedures and approvals, car delivery is arranged quickly to your door for a smooth and comfortable buying experience.

Question 10

Are all cars offered for installment reliable?

Accepted Answer

Yes, all cars undergo a comprehensive inspection of more than 150 points, with a detailed video provided showing all features and defects of the car before purchase, to ensure transparency and your peace of mind.

Question 11

How long does the financing application approval process take?

Accepted Answer

Usually, the application is reviewed and approved within one to two business days only, with direct communication from the CarsVid team to complete the procedures quickly.

Question 12

Are there additional fees for completing the financing?

Accepted Answer

No, CarsVid guarantees full transparency, and all fees are included within the contract, except for any additional choices such as additional insurance or accessories.

Question 13

What is the car financing calculator in CarsVid and how do I use it?

Accepted Answer

The car financing calculator is a tool that allows you to calculate the approximate monthly installment based on the car price, down payment, and final payment. Choose the car model and its duration, then set the budget to find out what suits you before applying.