Kia Finance FAQ – Everything You Need to Know

If you’re considering the purchase of an eye-catching performance vehicle that’s as engaging on the road as anything else available, then you might want to buy a Kia. But purchasing a car can be a complex process. Financing is one of the biggest parts of car buying, and it can seem overwhelming at times. This FAQ guide will help to provide some background on the Kia finance process, so it's easier to avoid getting lost while buying a Kia car.
 

Q: What is car financing?

A: Car financing is the most common way of utilizing auto loans to make purchasing a vehicle a viable option for more people. It involves several key aspects such as a down payment, loan terms, a credit score, and the interest rate.
 

Q: What is a down payment?

A: The down payment is the amount of cash paid at the time of purchase at such locations as a Florida Kia dealership. The rest of the purchase price will be deferred to later periodic payments, usually at monthly intervals.
 

Q: What are loan terms?

A: The loan term refers to the length or term of the loan. It’s usually expressed in months. For example, loan terms of 24, 36, or 42 months are common and mean that payments will be due each month for the next several years.
 

Q: What is a credit score?

A: Credit score is an important thing to consider when buying a Kia near me. This is a grade calculated by financial institutions — and available to all lenders — based on a person's past borrowing history. It affects both the loan amount available to that person as well as the interest rate offered by lenders.
 

Q: How does the interest rate affect car financing?

A: The interest rate is a percentage rate of the total amount of the loan, that’s added to each payment. A lower interest rate results in lower monthly payments on Kia cars.
 

Q: What are the benefits of using dealership financing?

A: Using the financing provided at our dealership makes things easier in several ways. Dealership financing is more streamlined and customizable and will always match the exact price of the purchase. You also get some of the best down payment and interest rate options and can trust a legacy of satisfied customers who’ve purchased from respected, certified Kia dealerships.
 
For a closer look, head to Hollywood Kia and see what the future could hold for you. Get behind the wheel of a Kia vehicle today!