Ready for a new Kia? Then it’s time to drop by your Kia dealer to learn about all of your financing options. For many car buyers, getting an auto loan through a dealership is a faster and more affordable way to purchase a new vehicle. From quick credit approval to flexible loan terms, your dealership has your back.
Five Benefits of Buying Your Car at Your Waco Kia Dealer
1. Loans for All Cars
Unlike some financial institutions, your local dealership will offer auto loans for all new, pre-owned, and used Kias. This is a key benefit for buyers who want to strike a good deal at the dealership, but who can’t afford to buy a car with cash. Buying a pre-owned or used car can be one way to save money at the dealership since these vehicles are sold at a discount.
2. All Borrowers Can Apply
All borrowers can apply for financing through Kia’s captive lender, Kia Motors Finance. In general, your credit score will determine if a bank or credit union will approve your auto loan application, which is why borrowers who have bad or recovering credit often struggle to get a traditional auto loan. Kia Motors Finance, on the other hand, works with borrowers who have poor or bad credit.
3. Flexible Loan Terms
Kia auto loan terms are also very flexible for car buyers. Loan terms typically range between 24 and 72 months, although your dealership may offer 84-month finance deals during promotional periods. The finance team at your dealership will assess your financial situation and put together the best loan package for your budget. You may be able to negotiate with the finance team to lower your monthly payment.
4. Low Interest Rates
A major benefit of financing your vehicle through your dealership is the low interest rate. Other lenders offer interest rates between 6.44% and 14.18% for new cars, and 9.06% and 21.38% for used cars. Kia Motors Finance, on the other hand, often offers auto loans with a very low APR. Sometimes, Kia even offers interest rates as low as 0.00% during promotional periods. Certain models may even have a 3.49% APR.
5. Easy Online Application
Your local dealership makes it easy to get pre-approved for a loan with an online application. For this application, you will need to provide contact information, employment information, income estimations, and your social security number. From there, the dealership will check your credit score and find a competitive interest rate for your auto loan. Plus, when you submit your auto loan application, you won’t need to pay an application fee.
Buying a new car usually means you will need to find an auto loan. To make your car buying process easier, you can apply for an auto loan at your dealership – even if you have poor credit. Visit University Kia to explore your finance options today.
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Warranties include 10-year/100,000-mile powertrain and 5-year/60,000-mile basic. All warranties and roadside assistance are limited. See retailer for warranty details.
Warranties include 10-year/100,000-mile powertrain and 5-year/60,000-mile basic. All warranties and roadside assistance are limited. See retailer for warranty details.