When you visit Executive Kia, we make it easy to find a new or pre-owned car that suits your driving needs. Once you’ve found that car, we also make it easy to finance it. Financing a vehicle can seem intimidating, but it doesn’t have to be. Our experts are ready to assist you at every stage of the Kia financing process.
Before you finance, it helps to know a few important terms. The first thing you need to know about is the down payment. This is the first payment you make on your vehicle. Most drivers aim for 20 percent of the car’s value. You can trade in an older vehicle if you want and put its value towards this initial payment.
Another term you need to know is APR. This is essentially the interest rate on your loan. The better your credit score, the lower rate you can qualify for. We do our best to help drivers of all credit levels in the Bristol, CT area buy the new or pre-owned Kia vehicle that they’ve had their eye on. We even make it easy to apply for financing on our website. You can get approved before you even walk into our dealership, which can save you a lot of time.
The last thing you should know is what a loan term is. This is how long you have to pay back your auto loan. This can vary from 12 months to 84 months. A longer loan term means lower monthly payments, but you’ll end up paying more in interest.
So if you’re shopping for a car and don’t want to worry about the financing process, talk to one of our local Kia dealers today. We’re ready to answer all of your questions. Come in for a test drive soon!