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Planning to Buy a Car in Lebanon? Here’s Everything You Should Know About Loans

By June 4, 2025No Comments

Buying a new or used car in Lebanon has become easier with dedicated car loan options from leading banks. Whether you’re considering a new ride or a pre-owned vehicle, this guide breaks down key details from Bank Audi, Byblos Bank, and Bank of Beirut to help you choose the right financing solution.

🏎️ Bank Audi Car Loans

🔹 New Car Loan

  • Currency: USD

  • Interest Rate: 7%

  • Loan Period: Up to 5 years

  • Minimum Down Payment: 25%

  • Maximum Loan: 75% of car price (including insurance)

  • Eligible Car Models: 2018 and 2019

  • Insurance: All Risk or VIP (Free obligatory insurance 1st year)

  • File Fees: $150

  • APR Example:

    • Car price: $40,000

    • Down payment: $15,000

    • APR: 14.83%

🔹 Used Car Loan

  • Interest Rate: 8%

  • Loan Period: Up to 5 years

  • Minimum Down Payment: 25–30% based on car model year

  • Eligible Models:

    • 2013+ (25%)

    • 2009–2011 (30%)

    • 2006–2008 (30%, selected brands only)

  • APR Example:

    • Car price: $30,000

    • Down payment: $7,500

    • APR: 16.38%

Reference: Bank Audi New Car Loan
Bank Audi Used Car Loan

🚗 Byblos Bank Car Loans

🔹 New Car Loan

  • Currency: USD

  • Interest Rate: 6.9%

  • Loan Period: 1–5 years

  • Minimum Down Payment: 28%

  • Maximum Loan: 72% of car price

  • Eligibility:

    • Lebanese citizen under 64

    • 2+ years work experience

    • Minimum income: LBP 900,000 (single), LBP 1.2M (married)

  • APR Example:

    • Car price: $35,000

    • Down payment: $10,000

    • APR: 14.408%

🔹 Pre-Owned Car Loan

  • Same loan terms

  • APR Example:

    • Car price: $40,000

    • Down payment: $12,000

    • APR: 16.34%

Reference: New Car Loan
Pre-Owned Car Loan

🚙 Bank of Beirut (Sayarati)

🔹 For New & Used Cars

  • Currency: Fresh USD

  • Interest Rates:

    • New Cars: 7%

    • Used Cars (2014–2024): 8%

  • Loan Period: Up to 5 years

  • Max Loan: $50,000

  • Down Payment: Minimum 30%

  • APR Example:

    • New Cars: 14.69%

    • Used Cars: 15.69%

Reference: Sayarati Car Loan

📝 Required Documents (General)

  • Valid ID or passport

  • Driving license

  • Proof of income

  • Proof of residence

Whether you’re buying your first car or upgrading to a new one, understanding your car loan options is essential. Make sure to compare interest rates, APR, loan duration, and fees before committing.

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