I am looking to transfer the lease for a 2024 MG5.
The monthly installment is 740; 25 months have already been paid, and the final balloon payment is 20,000.
I am transferring the lease due to a mortgage payment and other financial obligations.
No transfer fee is required.
The total outstanding balance is 37,000.
The car is in excellent condition.
I am offering a 4,000 Riyal discount for a cash settlement, bringing the total cost to you down to 33,000.
Reason for transfer:
Al-Baik (the financing company) refused to grant me new financing due to high financial obligations; unfortunately, they counted the final balloon payment as a liability in my SIMAH credit report, which inflated my total debt obligations. Honestly, if I could find any other way out, I wouldn't be giving up the car, as it is a very practical vehicle.
