topic Re: Kia financing question in Auto Loans

Kia financing question

killnfool — Sun, 16 Jun 2019 15:54:49 GMT

So I'm about to apply online for Kia financing. On the app, it's making me select a specific dealer. Does that mean that I can only use that dealer or will it approve me for a certain amount/terms and let me shop around at whatever Kia dealer I want?

Re: Kia financing question

settleordelete — Sun, 16 Jun 2019 19:57:05 GMT

You can select any dealer on their website and once approved you can take a printed copy of the approval to another one.

Re: Kia financing question

killnfool — Mon, 17 Jun 2019 00:17:21 GMT

Ok great. That's what I figured but just wanted to double check. I'll probably have to shop around to get the trim and options combo I want.

Re: Kia financing question

Appleman — Mon, 17 Jun 2019 01:58:15 GMT

Have you checked out the CapitalOne Navigator site to see if you qualify? They allow you to do Soft Pull qualification (hard pull needed for final approval). If the Kia dealer meets your needs great, but always good to have your own financing available.

Re: Kia financing question

killnfool — Mon, 17 Jun 2019 02:23:58 GMT

Yes, I have but the 0% APR and cash rebates Kia financing offers are the better way to go.

Re: Kia financing question

pinkandgrey — Mon, 17 Jun 2019 13:55:20 GMT

You should be good to go at any Kia dealer. Congrats on your future new Kia! I got a 2019 Rio a few months ago and I LOOOOOVE it! Exciting stuff....

Re: Kia financing question

killnfool — Mon, 17 Jun 2019 18:34:32 GMT

Well I submitted the app and was approved but it doesn't however list the APR and only defaulted to the base EX MSRP amount because the closest dealer only had base EX Niros in stock. It seems like trying to avoid haggling APRs at the dealer isn't going to happen now. Am I missing something? Will I have to reapply to get approved for an EX Premium or Advance Tech? The whole point of trying to apply online was to avoid a battle with the dealer finance guys.

Re: Kia financing question

settleordelete — Mon, 17 Jun 2019 22:30:35 GMT

I was approved by Hyundai (affiliate of KIA) last week. I took a printed copy of the preapproval to my local dealer to do a lease buyout or purchase another Santa Fe. Hyundai offered 8.9% for 60 months for the buyout but offered 0.9% for 60 and cash off for a new one listed at $42,000. I didn't take either offer. Instead, I used my bank financing to purchase my lease. You should be fine if you're buying a new KIA.

Re: Kia financing question

settleordelete — Mon, 17 Jun 2019 22:33:46 GMT

I did call my dealer (finance department)before I arrived to confirm what rates were available to me and my situation. But you know things can change once they get you there.

Good Luck.

Re: Kia financing question

killnfool — Mon, 17 Jun 2019 22:45:11 GMT

Yeah, it was just a real battle to just get the price close to what I wanted. The sales guy is really condescending and was really pushing his crappy 4.9% $2500 CB even when I said I had financing already (Capitol One). I'd much rather have the 0%apr and only $1000 CB or else just use the Cap One financing. I just know it'll be a battle to get that now, they'll pull shenanigans with rates, I thought applying online would avoid that.

Re: Kia financing question

Anonymous — Fri, 19 Jul 2019 02:36:34 GMT

I put in an online credit application with Kia Motors Finance last week. After it was completed it said “Your application is being reviewed and we will notify you at the email address you provided.” I have yet to receive an email or hear anything from Kia. I tried calling two different numbers and both times they said they couldn’t give me that information and I would have to contact my dealer. Does anyone know who I can contact to get the finalized credit application so I can bring it to any dealer I choose? Thanks

Re: Kia financing question

woodyman100 — Sat, 27 Jul 2019 03:05:56 GMT

@killnfool wrote:
Yeah, it was just a real battle to just get the price close to what I wanted. The sales guy is really condescending and was really pushing his crappy 4.9% $2500 CB even when I said I had financing already (Capitol One). I'd much rather have the 0%apr and only $1000 CB or else just use the Cap One financing. I just know it'll be a battle to get that now, they'll pull shenanigans with rates, I thought applying online would avoid that.

Applying through a car manufacturer is never the way to go to avoid confrontation.

Dealers make money by adding on points to the interest.

Banks and credit unions are where to go to save that hassle