Buying a new Kia is extremely exciting, but before you can drive your dream car off the lot, you’ll have to sort out financing. At the Kia dealer, it’s very easy to get a lease or a loan, and you can apply online. To make sure you get the best deal, you should know your credit score, have a down payment in place, and ask the professionals at the dealership about how to finance a car.
3 Car Financing Tips
1. Credit Score
Your credit score is of vital importance because it determines what kinds of offers you’ll receive. It is a number that indicates to potential lenders whether you are trustworthy based on your history with loans. If you haven’t borrowed any money before, you may not have credit, and lenders won’t know whether you can be trusted. Similarly, people who have failed to pay off their debt in the past have a low score, and their interest rates will be higher.
There are several different credit scores, and you can check them online to find out where you stand. Although you’re likely to get better deals if you have excellent credit, your dealership can work with you to help you find financing. We’re happy to help you find a solution at our Kia dealership.
2. Down Payment
A great way to help reduce your monthly payment and therefore take pressure off your finances is to provide the dealership with a down payment. The more you pay upfront, the less you’ll have to finance. Experts recommend putting down at least 10-20% because this demonstrates to the lender that you are serious about your car purchase.
If you don’t have any money to spare, there’s no need to worry. You can trade in your old car for the new one. If you’ve taken good care of your previous Kia, it’s likely that it’s still worth a lot of money, which can be put towards your purchase.
3. Finance Professionals at the Kia Dealer
Sometimes, the financing process can be confusing, especially if you’ve experienced problems with your credit in the past or you’re a first-time car buyer. Here at DARCARS Kia of Frederick, we’re always happy to help. When you call or stop by, our finance team will speak to you about your situation and discuss how you can afford your dream car.
The professionals can help you figure out your optimal loan duration, which balances the total cost of the car with the monthly payment. That way, you can make sure that you’ll be able to meet your obligations without any problems, but you also won’t be paying too much for your new car.
Get Affordable Kia Financing in Frederick, MD Today
Financing your brand-new Kia is easy when you go through the dealership. To make sure you get the maximum value for your money, you should examine your credit score and come up with a down payment. If you need more assistance, the friendly finance professionals at the dealership are ready to help. Call us today at DARCARS Kia of Frederick in Frederick, MD and get started on your car financing.
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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.