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Kia Motors Financing Options Explained
Do you want to find the best finance options for a new Kia? Check out this page here!
There is nothing more exciting than shopping for a brand new Kia car, but that excitement is often tempered when it comes time to pay.
While it’s a smart idea to secure financing before you shop, so that you know exactly what you have to spend, the majority of people simply don’t do it that way.
Most would sooner go shopping for the car that best fits their needs first, followed by the act of securing financing.
If you are looking at new car Kia financing solutions, you may find that the dealership would sooner have you go through them, as this then allows them to throw in discounts and specials they may not be so keen to deliver otherwise.
Not only do they go into detail about the best ways to get into the Kia car you want within budget, they also offer great information, as well as a number of fantastic tools that will help you decide what type of car works best for your specific needs and budget.
If you don’t have the time to go through all of that right now, let us give you a little rundown of what you can expect when going for new car Kia financing.
You have a couple of different options when it comes to getting a new car, with buying or leasing your choices.
We will talk more about leasing options in a moment, but for now, let’s focus on a standard auto loan.
As mentioned earlier, you may have already secured financing so that you know how much you can afford to spend on a new car, but what if something better catches you eye, or you want a higher trim level of the new Kia Soul?
The Kia dealership will try and work within your budget to get you exactly what you want, which may come in the form of discounts and rebates, which is something else we will discuss.
If you are someone that likes a new car every few years, leasing may well be the way to go.
The benefits of leasing include having a lower monthly payment, which could means a nicer car fitting into your budget, and getting that new car after a few years.
Kia even offers a single pay lease option, which comes with no monthly payments and paying only for the period of time you have the car.
This is a perfect commercial lease option.
New Car Rebates And Incentives
These are things that are generally offered by the company and which are available at every official Kia dealership across the country.
When a new or refreshed model is released, Kia might dangle a little rebate or incentive carrot in front of you to try and persuade you to get behind the wheel of that specific model.
Rebates can fall anywhere in the $500 to $1,500 range, and are usually taken off the MSRP of the vehicle, making it that much more affordable.
Financing special offers and deals
You will traditionally find that deals on financing and such will vary from dealership to dealership.
This is particularly true if they are trying to persuade you to finance the car through theirs or Kia’s own financing, as opposed to your bank. You will often find that your first 2 or 3 months of ownership are free or at a reduced rate to help you offset the cost at the start.
Some auto stores may also add such things as a free upgrade (up to a certain dollar value) or a set number of free oil changes or maintenance check-ups.
It’s a competitive market out there, and dealerships are often willing to go that extra mile to get you the best deal.
This is why comparison shopping between all the Kia dealerships in your area is a good idea, as one may be willing to offer a deal that the others won’t.
Auto Finance Calculator
This is an absolutely invaluable tool that you need to take advantage of before you go shopping for a new Kia car.
Better yet, there are two different ways you can use this calculator to help you plan ahead.
The first option is the payment calculator, which essentially help you calculate how much you will be paying each month based on a number of factors.
Entering in the price of the car, interest rate, money down, and the term length will let you know exactly what you can expect to pay each month.
The budget calculator works on the same principle, albeit in reverse.
Here, you put in how much you want to pay each month, as well as interest rate, length of term, down-payment, etc., and you are given the cost of the car that you can afford to buy based on that criteria.
Both are great tools that can help you negotiate a price that fits your budget.
Financing credit score
There are a number of factors that go into how much a lender will be willing to extend to your for a car loan.
One of the biggest factors is your credit score, with a good score potentially landing you in a much better vehicle.
While there really isn’t a bad car in the Kia line-up, you still want to make sure that you get the one that is truly ideal for your individual situation.
In order to make sure that you get all the financing you need, it’s important to make sure that your credit score remains high. The easiest way to do that is to pay all of your bills on time each and every month.
If you can manage that for an extended period, you will have a much better chance of getting the exact vehicle you want.