6 Important Things to Know About Car Financing at the Kia Dealer

If you are interested in getting approved for car financing, there are some things you should know before visiting your Kia dealer. Purchasing a vehicle doesn’t have to be stressful. Here are six important things you should know about financing a car.

6 Important Things to Know About Car Financing at the Kia Dealer

1. Your Credit Score

Before you start the process of trying to get financed for a new car, you should understand your credit score. Many services offer you a free credit report and you should consider getting access to your report before trying to get financed. Knowing this will help you and your dealer understand your options.

2. Less Than Perfect Credit Isn’t a Deal Breaker

Understand that you do not have to have a perfect credit score to get financed for a vehicle. Many things factor into your buying power when looking for a vehicle. Your income, credit score, and down payment will all be considered when you apply for financing. Your dealer will help you find the best option for your unique situation.

3. How Much You Want to Put Down

You should have an idea about how much you want to put down before you consider financing. The amount of money you can put down will help your dealer determine what your options are. If you have poor credit, you will be more likely to get approved for financing if you can put an adequate amount of money down.

4. Trade-In Value

If you have a vehicle you’re trading in, this will help you lower the cost of your car and make it easier for you to get financed. This might be especially helpful if you are having trouble coming up with all of your down payment. Therefore, don’t forget to consider your trade-in value when you consider financing your vehicle.

5. Your Budget

To help you consider the costs of ownership, your dealer offers a payment calculator that you can use to get an idea of how much your monthly payments might be. This will help you determine what kind of price you can afford while you are considering your options. Understand that you will want to include the cost of gas, insurance, and maintenance in your overall budget consideration. If you keep these things in mind, you will be well prepared to find a vehicle that fits your needs.

6. You Can Be Pre-Approved Online

You don’t have to head down to the dealership to start the process of getting financed for a new vehicle. You can apply online and get pre-approved very quickly and conveniently from the comfort of your own home. This might help you consider your options before you head to the dealership.

Now you have all the information you need to get financed for a vehicle. Contact us today at Crain Kia of Fort Smith and our finance team will be happy to assist you.

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