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How to finance a Kia

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Returning customers and servicemembers may even be eligible for cash back.

You’ve probably spotted at least a dozen Kia Souls or Fortes zooming around town — and for good reason. The popular Korean car brand ranked number five in dependability according to a 2018 JD Power study. If you’re interested in getting behind the wheel of one of these reliable cars, you have a few financing options to choose from. And you may be able to score a discount if you’re a servicemember or current Kia owner.
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    How can I finance a Kia?

    When you’re looking to buy a new or used Kia, comparing your financing offers first can help you score a better deal. The cheapest way to go is likely taking out a car loan from an online lender, bank or credit union. Filling out preapproval forms with several lenders can give you an idea of what terms you may qualify for to help you find the lowest rate. Another option is comparing personal loan offers. However, rates will likely be higher since your loan won’t be secured by the car you’re buying.

    If you’re looking for the financing option with the fastest turnaround, then going directly through an authorized Kia dealer is likely your best bet. Though you can usually secure financing and drive your new car home the same day, you often end up paying more in interest than you would by taking out a car loan from an outside lender. Here are your two options when applying through Kia Motors Finance (KMF):

    • Financing through KMF. Kia allows you to apply for credit to buy a new or used car through one of its licensed dealers. This comes with a few added benefits, like access to your FICO score and less hassle compared to shopping around at different lenders. In the past, Kia has offered deals like 0% APR financing for five years on the 2018 Optima and $4,000 cash back on the 2018 Sedona.*
    • Leasing through KMF. Leasing allows you to switch up your Kia every few years to ensure you always have the latest bells and whistles. While KMF leasing offers will vary depending on where you live, past promotions include leasing the 2019 Soul for $199 a month for three years and $1,999 due at signing.*

    Local dealerships may offer their own special deals as well. As with all loans, the exact rates and terms you qualify for will depend on your credit and financial situation.

    *Rates as of November 30, 2018.

    Compare car loans for financing a Kia

    Rates last updated December 11th, 2018

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    Unfortunately, none of the personal loan providers offer loans for that credit score. If you are in urgent need of a small loan, you might want to consider a short term loan.
    Name Product Product Description Min. Credit Score Term of Loan Requirements
    car.Loan.com Car Loans
    Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
    300
    Varies by lender
    Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
    Auto Credit Express Car Loans
    Get connected with an auto lender near you, even if you have bad credit.
    300
    Typically 3 to 6 years
    Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
    LightStream Auto Loans
    Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
    Good to excellent credit
    Flexible terms
    Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
    RateGenius Auto Loan Refinance
    Connect with a network of over 150 lenders to refinance your car loan.
    510
    Varies
    Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
    LendingClub Auto Refinancing
    Lower your monthly car payments and save on interest through a fast and easy online application process.
    Fair or better credit
    Minimum of 2 years
    Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
    MotoRefi Car Loan Refinancing
    A car loan connection service for borrowers looking to refinance.
    525
    1–6 years
    Must have an income of at least $2,000/month and have a vehicle with less than 100,000 miles.
    LendingTree Auto Loans
    Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
    Good to excellent credit
    Typically 1 to 7 years
    Must be a US citizen and 18+ years old. Must have good to excellent credit.

    Compare up to 4 providers

    Does Kia have any car-buyer programs or special discounts?

    Yes, Kia offers special cashback deals and low-APR promotions to:

    • US military servicemembers, reservists, retirees and their spouses.
    • Residents of Alabama, Georgia and Florida whose cars were damaged by Hurricane Michael.
    • Car owners whose vehicles were damaged by the California wildfires during November 2018.
    • Returning customers who currently lease or own a Kia model.
    • Well-qualified buyers interested in a certified preowned Kia.

    What will a new Kia cost me?

    The total cost of your new Kia will depend as much on the manufacturer suggested retail price (MSRP) as your negotiating skills. Below are the starting prices for Kia’s latest models.

    2019 Kia modelStarting MSRPBuildCity/highway MPG
    Rio$15,300Sedan28/37
    Soul$16,490Hatchback26/31
    Forte$17,690Sedan31/41
    Optima$22,900Sedan27/37
    Niro$23,490Hatchback52/49
    Sportage$23,750SUV23/30
    Sorento$25,990SUV22/29
    Sedona$26,990Minivan18/24
    Stinger$32,900Sedan22/29
    Cadenza$32,900Sedan20/27
    K900$59,900Sedan18/25

    How much you actually end up paying will vary based on where you live, what promotions you qualify for and your haggling skills. Since these are the costs of Kia’s brand-new models, you’ll likely be able to score a lower price on a used model.

    Compare car insurance rates for driving a Kia

    Does a new Kia come with a warranty?

    Yes, all 2008 and newer Kias come with its industry-leading warranties, including:

    • 10-year, 100,000-mile limited powertrain warranty.
    • Five-year, 60,000-mile limited basic warranty.
    • Five-year, 100,000-mile antiperforation warranty.
    • Five-year, 60,000-mile roadside assistance warranty.

    Bottom line

    Kia’s budget-friendly prices, industry-leading warranties and award-winning reliability ratings make it a popular choice for car buyers. You have a few different financing options to consider — from traditional car loans to applying directly through Kia. And depending on if you’re a servicemember or have been affected by recent natural disasters, you may be able to get a special deal.

    To learn more about the car-buying process and compare lenders, check out our guide to car loans.

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    Kellye Guinan

    Kellye Guinan is a writer and editor with finder.com and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

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