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## 2024 Chery Arrizo 5 — Lease Transfer Ad (Riyadh)
### What's Being Offered
This is **not a direct cash sale** — it's a **lease transfer (إحالة تمويل)**. The seller wants to hand over their existing SNB (Saudi National Bank) financing contract to a new buyer, who then takes over the remaining payments.
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### Financial Terms
Item Amount
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Cash Required (upfront) **7,000 SAR**
Monthly Instalment **835 SAR**
Balloon / Final Payment **13,800 SAR**
Mileage **40,000 km**
The 7,000 SAR cash goes to the current owner as compensation for 2 years of payments already made. The balloon payment of 13,800 SAR is likely due at the end of the lease term — typical in SNB Murabaha-style auto financing.
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### Car Condition
- **Single owner** since new
- **Like new** condition
- **No accidents, no repaint, all genuine (OEM) parts**
- 2 years of instalments already completed by the current owner — meaning the remaining term is likely 3 years (standard 5-year leases are common)
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### About the Car
The Chery Arrizo 5 is a Chinese compact sedan. It's powered by a 1.5-liter turbocharged engine paired with a CVT transmission, offering a balanced mix of power and fuel efficiency. Features include LED headlights, a large touchscreen infotainment system with Apple CarPlay and Android Auto, electronic stability control, multiple airbags, lane departure warning, and adaptive cruise control.
At 40,000 km on a 2024 model, the mileage is moderate — roughly consistent with ~2 years of typical city driving in Riyadh.
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### Process to Transfer
1. Arrange a viewing in Riyadh
2. Both parties go to SNB together to apply for the lease transfer
3. Upon bank approval, buyer pays 7,000 SAR cash and takes over monthly payments of 835 SAR
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### Required Documents (for bank approval)
- Valid Iqama (Residence Permit)
- Valid Driving License
- Salary Certificate
- Employment Letter
- Bank Statements (last 3–6 months)
This means the buyer **must be a salaried resident** — the bank will assess their creditworthiness before approving the transfer.
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### Key Considerations
- **Total cost to buyer**: 7,000 SAR upfront + remaining monthly payments + 13,800 SAR balloon at end
- The original new price of this model is around **39,000–51,000 SAR**, so the lease terms are reasonable
- The listing is for **serious buyers only**, with the car available for viewing anytime in Riyadh
- Contact is via **WhatsApp: +966 50 919 6670**
