topic Re: Kia Motor Finance in Auto Loans

Kia Motor Finance

Anonymous — Fri, 23 Jan 2015 06:54:34 GMT

Anyone know what bureau they pull?

Re: Kia Motor Finance

Creditaddict — Fri, 23 Jan 2015 22:48:14 GMT

@Anonymous wrote:
Anyone know what bureau they pull?

EX I believe

They are pretty easy but I found Infiniti to be even easier at least to get tier 1 but I think Kia will go more subprime scores.

Re: Kia Motor Finance

Anonymous — Sat, 24 Jan 2015 01:12:57 GMT

If I understand this correctly, they use hyundai finance and go primarily throught transunion...it probably varies by location. My local hyiundai deal in ca pulls transunion

Re: Kia Motor Finance

1GaDawg85 — Sun, 25 Jan 2015 06:08:40 GMT

It is TECHNICALLY Hyundai Motors Finance but they pull TU mostly. Willing to work with lower scores and decent interest rates

Re: Kia Motor Finance

Dj4Money — Tue, 27 Jan 2015 08:38:34 GMT

My Hyundai dealer said they couldn't get it through Hyundai, I wonder why? I am having trouble with Transunion, see my thread for details but many lenders can't access my credit file and CK says my file is too thin to show me now.

Re: Kia Motor Finance

RESgrignoli — Thu, 16 Apr 2015 21:05:42 GMT

When I ran the application "online" through Kia Motors Finance, they ran it through "TransUnion". I thought they would run it throiugh "Experian" since they seemed to imply that their credit score service that they provide for their finance customers is derived from Experian.....so I figured they'd use Experian for "determining" credit worthiness, as well.....but.....alas, it was TransUnion who they pulled.

And.....the Kia dealers here all confirm that they pull from TransUnion, as well.

Re: Kia Motor Finance

blackarsenic — Sun, 19 Apr 2015 00:48:22 GMT

Transunion in ny. Too bad leasing through hyundai/Kia requires at least a 690. Smh got denied

Re: Kia Motor Finance

Creditaddict — Sun, 19 Apr 2015 02:21:07 GMT

Not even 5% true!!!
Kia is easy financing, tied 1 might require 690 but they will approve leases into the 500's!!

Re: Kia Motor Finance

blackarsenic — Sun, 19 Apr 2015 22:27:51 GMT

they are the same as hyundai fianace and I got denied for a 2015 hyundai genesis lease with 654 credit.

Re: Kia Motor Finance

Creditaddict — Sun, 19 Apr 2015 23:18:26 GMT

@blackarsenic wrote:
they are the same as hyundai fianace and I got denied for a 2015 hyundai genesis lease with 654 credit.

they are the same but they are not the same.

it's like toyota and lexus...

kia is easier than hyundai

Re: Kia Motor Finance

blackarsenic — Mon, 20 Apr 2015 00:26:54 GMT

Wow really?

Re: Kia Motor Finance

Creditaddict — Mon, 20 Apr 2015 00:31:20 GMT

Really I think you should find I bigger dealership because I was approved with a 619 through Hyundai with income verification... I didn't end up buying anything at time but I think you found a dealership not looking to work!

Re: Kia Motor Finance

Creditaddict — Mon, 20 Apr 2015 00:31:53 GMT

I know of high 500's getting a Kia Optima lease

Re: Kia Motor Finance

blackarsenic — Mon, 20 Apr 2015 00:52:51 GMT

Was this a Hyundai lease or finance?

Re: Kia Motor Finance

Creditaddict — Mon, 20 Apr 2015 00:53:44 GMT

@blackarsenic wrote:
Was this a Hyundai lease or finance?

lease

Re: Kia Motor Finance

Dj4Money — Tue, 21 Apr 2015 02:43:35 GMT

Yes Hyundai will approve subprime as long as your not trying to buy a loaded K900, Santa Fe or Genesis Sedan...

I was approved but by then I had accepted the Gateway One offer. It was because Hyundai couldn't access my TU but then went to EX and was approved based on that, they just wanted some additional information.

Re: Kia Motor Finance

blackarsenic — Thu, 23 Apr 2015 00:50:53 GMT

So only base models?

Re: Kia Motor Finance

Dj4Money — Thu, 23 Apr 2015 21:29:47 GMT

My approved FICO EX score from Hyundai was 610 (peak was 641 before I started my car search). That was for a loaded Accent Sport, $17,745 MSRP. The loan/cost was $15,515....

So no it does not apply to only base models. My problem was Hyundai couldn't get access to my TU report and stated that in the letter. Obviously if you got a 620 score and want a Genesis Sedan, you will have to come up with a sizable down, when I didn't put anything down = 99.5% financed ($500 rebate).

Re: Kia Motor Finance

Ford725 — Fri, 15 May 2015 21:05:55 GMT

Does Kia/Hyundai finance use Auto Enhanced or regular Fico08 for approvals?