Nesbah GuideEnter the car price and both offer terms, then compare the instalment, total cost and ownership in one minute.
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These are annual flat rates on initial principal, not APR. Do not enter APR in these fields.
Based on your numbers: personal finance costs less overall by SAR 21,000.00, while the lease instalment is lower by SAR 716.67.
The car is in your name from day one
The provider owns the car until title transfer
The final payment lowers the instalment, but remains due at the end of the contract.
Comparison note: the default compares third-party personal cover with comprehensive lease cover. Part of the total gap buys different insurance protection; it is not pure finance saving.
Formula: initial principal × annual flat rate × months ÷ 12. Compare a real offer using APR, total payable and its written payment schedule.
The car is yours from day one when bought with cash personal finance not secured on it.
The provider owns it until title-transfer conditions are met.
Choose third-party or comprehensive cover; statutory minimum motor cover still applies.
Comprehensive cover is required throughout and its cost enters the total; premiums may change annually.
No provider authorisation is needed; border, licence, registration and insurance rules still apply.
Provider authorisation is needed; countries, duration and fees depend on the contract.
Sell the owned, unencumbered car normally; the debt continues unless settled separately.
Request settlement and title transfer or approved novation; fees or a settlement shortfall may apply.
It depends on rates, term, payments, insurance and fees. Compare the total paid in your two offers, not the car instalment alone.
The upfront payment reduces the financed amount. The final payment defers part of repayment and lowers the monthly instalment, but remains due at the end.
Yes. Comprehensive insurance is required throughout a finance lease, and its cost enters the total under the contract.
With personal finance, you act as owner subject to normal legal requirements. With a finance lease—also commonly called lease-to-own—you must contact the provider for settlement or title transfer and for travel authorisation.
This content is general education, not financial advice or a recommendation of any product or provider. Terms and regulations change; always rely on the written terms from the relevant provider.