Car financing through a loan
Leasing-to-own with TakeAuto
Installment plans longer than 3 years
Lots of documents required
Check credit history and job certificates
Some banks don't operate according to Islamic standards
Approval rate is really low
If you can't make payments on the loan, there will be significant penalties and fines
Difficult for expats to obtain
Only 2 documents required — passport/ID and driving license
Credit history is not checking, no job certificates required
Same-day delivery is available (for cars in stock)
Our operating principles are 100% halal, including the leasing agreement
The overpayment is higher than the loan — due to us taking on ALL the risks
Limited leasing plans (maximum for 3 years)
Difference between leasing with buyout option and auto loan