How to Lease a Car in Saudi Arabia as an Expat

By Mohammed Ameen

Updated on:

Leasing a car in Saudi Arabia as an expatriate resident is a straightforward process, involving several key steps and requirements across different financial institutions. Whether you’re considering leasing for the first time or looking for the latest options, here’s a simplified guide based on the most current information.

Choosing a Vehicle and Obtaining a Quotation

First, select the car you wish to lease. If choosing a used vehicle, ensure it’s not older than three years. Obtain a quotation from the vehicle dealer or Marad for the selected vehicle​​.


Prepare all the required documents, which generally include:

  • Vehicle quotaion from a dealer.
  • A completed lease application form.
  • Salary Certificate from your employer, attested by the Chamber of Commerce.
  • Last 3 months Bank statements showing salary credits.
  • A valid Iqama (residence permit).
  • A valid Driving License issued in Saudi Arabia.
  • Copies of your passport.
  • Home rent agreement copy.
  • Recent Electricity Bill.
  • A location map of both your home and work.
  • National Address Registration Proof.
  • Copy of your ID from your home country​​. (Eg: Aadhaar card for Indians)

Application Process

Submit these documents to your financier. A representative may visit your workplace for verification. Upon approval, you’ll receive a confirmation, after which you can proceed with any down payment (if required) and complete the registration for the vehicle. The financier will provide a Driver’s Authorization Letter, which you can renew every three months until the lease is concluded and the vehicle is transferred to your name​​.

Financial Institutions and Their Offers

Various banks and financial companies offer auto leasing with diverse terms and benefits. For instance, Al Rajhi Bank provides options like Balloon Refinance, partial early payment, and the ability for additional driver inclusion without the need for salary transfer. Applicants can enjoy quick approvals, simple documentation, and the opportunity to consider additional provable income​​.

Riyad Bank offers a 50/50 Program allowing customers to pay half the vehicle’s price upfront and the remainder after two years, along with the finance profit and insurance. They cater to both Saudis and expatriates, with specific eligibility criteria based on salary, period of service, and whether the salary is transferred to Riyad Bank.

Car Lease Installment Calculator

Car Lease Installment Calculator

See: Top Ramadan Car Deals in KSA 2024: Your Ultimate Guide

Key Points to Remember

  • Ensure all your documents are in order, including a valid driving license and a salary certificate.
  • Understand the terms and conditions of the leasing agreement, including the tenure, monthly repayment amount, and any final balloon payment.
  • Consider the lease transfer options if you plan to change vehicles or leave the country.

By familiarizing yourself with these steps and requirements, you can manage the car leasing process in Saudi Arabia more confidently as an expatriate resident. Always consult with the financial institution or dealership directly for the most accurate and updated information regarding their leasing programs and offers.