Hi everyone, it's a great blog indeed. Thanks to all for making it happy family.
Introduction:
Recently I joined a company in Riyadh (big name in power sector) as an engineer. Previously I have also worked with another giant in KSA. This time I need a decent vehicle to move on weekly basis to locations with 100km range. I shall relocate to Dammam soon. Most of my colleagues have accounts in SABB and Hollandi (company doesn't have any problem with transferring salary I see).
I have two options, like:
Car financing. This is actively available because 80%+ of my company employees have this option (via bank or like Abdul Latif Jameel)
Personal loan to buy second hand car (I can get enough salaries from hollandi as suggested by colleague more better option)
Also, I am more interested in buying SUV than sedan.
So keeping above input, which option should I go with? Also, any advise on buying SUV?
Thank you for your time and response!
D.