A no-haggle purchasing experience is made possible by the most competitive pricing. We are putting a lot of effort into growing our customer base because Lawrence Kia is one of the more recent dealerships in our community. Offering the most affordable price right away is the most effective strategy we are aware of for growing company consumer base.
In This Article...
What is the current financing rate for Kia?
Kia Financial Services and Cash-Back Promotions The 2022 Soul has 1.9 percent finance for four years, which is Kia’s best financing deal this month. Available with 2.9 percent finance for four years are the 2022 Kia K5 and Forte. The 2023 Stinger, Sorento, and Rio are all financed for four years at 3.49 percent.
Styling and Presence
Hyundai and Kia have extremely comparable vehicle lineups. Though it’s important to note that Hyundai has established a luxury branch named Genesis that largely addresses those gaps, Kia does provide a few vehicles that Hyundai doesn’t. Hyundai’s aesthetic is generally much more restrained and understated, with slender curves and unobtrusive round forms making up the majority of the design elements. However, compared to their Hyundai cousins, Kia vehicles have sportier style that gives them a more aggressive and dynamic appearance. In a similar vein, compared to the Hyundai model, Kia SUV vehicles have a more robust, off-road oriented look. In general, Hyundai automobiles are more likely to blend in with the crowd, but Kia styling is more angular and futuristic, designed to grab attention and make a statement.
Performance and Handling
Although Hyundai and Kia share platforms and drivetrains, we already established that each company maintains its own independent engineering divisions. This is significant because it enables individual ride and handling characteristics to be tuned for each brand of car. It’s risky to generalize given the large range of vehicles available, including hatchbacks, sedans, crossovers, and vans. In contrast, a comparable Hyundai vehicle is probably going to prioritize a smoother, but disconnected-feeling ride, whilst you will probably find that Kia vehicles provide more dynamic, engaging handling qualities. Both have advantages and disadvantages, but in our opinion, Kia automobiles’ special chassis tuning significantly increases fun.
Price and Value
Kia automobiles are typically less priced than their Hyundai counterparts. The comparable Hyundai Elantra starts at $19,850, while the Kia Forte starts at $17,890. Although the Forte is less priced, Kia didn’t scrimp on quality or features. Like Hyundai, Kia provides one of the best warranties in the industry, which is ten years and 100,000 miles. Both companies offer quality that is unmatched in the industry and stand behind their products. In the J.D. Power U.S. Vehicle Dependability Study*, Kia placed third for 2021, ahead of brands like Toyota, Chevrolet, and even Mercedes-Benz. Even Hyundai’s luxury division, Genesis, ended behind Kia. Only Porsche and Lexus were ranked higher among mass market brands in terms of quality than Kia. At the top of that list, Kia is, in our opinion, in good company. It’s also important to note that J.D. Power named the Kia Optima, Sorento, and Sportage as the top models in each of their respective classes.
The Kia Advantage
In conclusion, Kia cars offer greater value and better quality, with bolder style and a more dynamic driving experience, even though Kia and Hyundai offer comparable vehicles. Simply put, no matter what you value most in a car, Kia automobiles are better overall. Of course, it is ultimately up to you to decide. We recognize that purchasing a new car is a significant investment. We advise you to test drive both brands since we are certain that you will ultimately decide on a Kia. Any way you look at it, it’s unquestionably the better option. Please forgive me, Hyundai.
Is Kia a reliable SUV?
“For their designs, quality, and safety, Telluride, Sportage, and Sorento have all won accolades on a global scale.
Every Kia SUV has a unique character. The Sportage and Sorento are two well-liked and recognizable SUVs from Kia. The Telluride, Kia’s newest SUV, is praised for both its look and performance. The IIHS named the 2019 Sorento one of its Top Safety Picks. The IIHS selected the Sportage as one of the safest vehicles for the 2018 model year. Additionally, the 2020 Telluride won the top spot in all three categories.
It can be difficult to select the ideal SUV for your needs, those of your family, and your way of life. Asking oneself certain important questions can help you eliminate possibilities.
The Sportage has a stellar track record, having taken home all three internationally renowned design accolades in 2016, including the Good Design Award and the iF Design Award. It received a 5-star safety rating from the 2019 U.S. National Highway Traffic Safety Administration (NHTSA) and was ranked first in the Compact SUV segment by J.D. Power Initial Quality Study (IQS) and Vehicle Dependability Study. With more than 5.5 million vehicles sold worldwide, it was also one of the Top Safety Picks by IIHs (VDS). The Sportage was also chosen by AutoPacific as the 2017 Ideal Vehicle Award (IVA) Winner. It is a very adaptable SUV with a well-designed cabin, useful amenities, and a comfortable ride.
The Sorento received the highest safety rating from Insurance Institute for Highway Safety (IIHS), Top Safety Pick Plus (TSP+), in 2019 after receiving a 5-star rating from the U.S. National Highway Traffic Safety Administration (NHTSA). J.D. Power’s Initial Quality Study named it the winner of the midsize SUV class in 2018, and Strategic Vision named it the “Most Loved Vehicle” in the fiercely competitive midsize CUV segment in 2016. The Sorento is a highly capable infotainment system with exceptional ride comfort that has won accolades for its presentation and performance on a global scale. With over 5,000 vehicles sold each month and 3.28 million vehicles sold globally, it is a major contributor to Kia RV sales.
The Telluride won the top honors at various competitions. It beat out almost a dozen other SUVs to win the SUV category at the prestigious Texas Off-road Invitational in 2019, which was hosted by the Texas Motor Press Association. At the 25th annual Mudfest Outdoor Activity Vehicle of the Year event, held by the Northwest Automotive Press Association (NWAPA), the Telluride had been selected as the “mid- and the full-size CUV category winner. The Telluride also won the top spot in the Texas Auto Roundup after shocking everyone with its off-road prowess and a refined driving experience that outperformed several of the venerable cars.
Is dealer markup permitted by Kia?
There’s a significant probability that you’ll pay more than MSRP if you want to purchase a well-known vehicle like the Kia Telluride. Our most recent investigation revealed that dealers were marking up the three-row SUV from Kia by up to $10,000.
What should I anticipate paying for a 2021 Kia Telluride?
The starting price of the 2021 Kia Telluride is $31,990, which is approximately typical for the midsize SUV market. The cost of the Tellurides’ top trim level is $42,190.
Does Kia give a discount for loyalty?
Owners of registered Kia vehicles are eligible for the company’s Owner Loyalty Program. When you decide to either buy or lease a new Kia model, you can receive discounts ranging from $500 to $1500. The promotion is accessible at Alabama-based Kia dealerships if you reside there. If you’re unsure whether the local auto dealership participates in the Kia Owner Loyalty Program or not, you can contact or mail Auburn, Alabama new car dealers to find out if their Kia vehicles qualify for your loyalty discount.
This discount is not available on all Kia vehicles, and benefits of the Owner Loyalty Program are available on a few 2020 Kia models. These consist of the:
- Optima Kia
- Sportage, Kia
- Sorento Kia
- Hey Sedona,
You can either call Alabama Kia dealerships or other auto lots to determine if you qualify for the Loyalty Program or not. The only thing left to do is make your Kia payment if you meet the requirements and the new automobile you’ve chosen is among the models that qualify for the loyalty discount offered by Kia. You will then be the happy owner of a brand-new 2020 Kia vehicle. As a token of appreciation for your devotion to Kia, the amount you pay will be considerably less than what the majority of consumers would have to spend for that model on the car market.
Make sure you’ve spoken with your Alabama Kia vehicle dealer to learn everything you can about the loyalty program before you brand your purchase because the incentives you receive via your Kia Owner Loyalty Program depend on the make and model you select.
What credit score am I required to have to finance a Kia?
For its new, used, and certified pre-owned (CPO) automobiles, Kia Finance offers auto loans, as well as lease alternatives for new Kia vehicles. Auto finance is not provided by the manufacturer. If Kia approves your financing, you can only use the loan at a Kia dealer.
Buying a Kia
Purchases of new, used, and CPO Kia automobiles are all eligible for Kia auto loans. In our investigation, we discovered that the manufacturer routinely modifies APRs and provides incentives for brand-new vehicles. For select Kia models, borrowers may receive auto loan rates under 1.49 percent APR. Normally, loan periods can last up to 75 months.
According to our investigation, Kia frequently accepts borrowers with credit scores between 650 and 850. If your score is lower, it could be difficult for you to get financing or to get cheaper interest rates.
The minimal insurance needed by state law must be maintained on all vehicles financed by Kia. Your comprehensive and collision insurance deductible must be no more than $1,000. Additionally, Kia Finance America must be listed as the “loss payee” on your insurance policy.
Leasing a Kia
Kia provides lease lengths that range from 24 to 48 months. Leased Kia car owners have a variety of annual mileage restrictions to select from:
- 10,000 kilometers
- 12,000 miles
- 15,000 miles
- 18,000 miles
- 20,000 miles
- 25,000 miles
Our specialists calculated the monthly lease payment using the Kia payment calculator. Examples for several Kia models, lease lengths, and expected monthly payments are shown in the table below. These figures were derived using a $2,000 down payment and a credit score of 720.
Guaranteed asset protection (GAP) insurance is included with every lease via Kia Finance America. It pays the difference between what you still owe on your car loan and what your insurance company reimburses you after a total loss.
When your lease period is up, you have three options: buy your current car, lease a new one, or just return your leased car to the dealer.
What credit score is used by Kia?
Experian and fico are the two credit-checking organizations used by Kia Motor Finance to double-check a customer’s information and tally each other’s work. Consequently, they provide you your fico score based on the information supplied by Experian.
How does Kia finance loans work?
They will do a soft credit check rather than a hard one if you wish to buy or lease a car in installments, so it won’t effect your credit score. However, if you miss an installment, they will report it to their credit agency, which will lower your credit score.
The lowest credit score that Kia will take is 680, which is in the very good category, making it quite difficult to obtain financing for a Kia. As a result, you should have high moral standards and never skip a payment. When your credit score reaches 680, you will be qualified to purchase a Kia. Getting an automobile from a prestigious firm is difficult because of its status; this rule applies to numerous companies, including BMW and Audi. The maximum duration of the financial plan is 72 months, or 6 years. Additionally, if you have good credit, your interest rate may be zero percent.
As a result, in order to obtain your ideal car model from Kia Financial, you will need to have a strong credit score and a reliable source of income.
Simply fill out an application for financial services on the company’s website, including your bank information so they may verify your credit, and you will receive a response regarding the loan within two weeks or so.
What does the company see in a customer’s credit?
The following are a few of the considerations for determining an individual’s credit:
A credit report is a written record that contains information about a person’s financial, credit, and personal facts. Account number, terms, conditions, and your payment history, including the sums borrowed or taken out, were all used to start the account. The number of creditors who have sought your reports, court-ordered judgements, tax liens, and bankruptcies are all considered.
- When you are in need of a loan and in every element of your life, having a good credit score is crucial. The loan provider will first evaluate you based on your credit score. That report will determine the interest rates on your loans and the bank’s dealings with you.
What is Kia Motors’ finance?
This Kia dealership assists consumers with financing for either leasing or purchasing a new vehicle. You will benefit more if you have a solid credit score or a better profile because they have relevant plans with adequate amounts of time and interest. The approval rate for Kia Motors Finance is 98 percent, and you may apply online to save waiting in line at the dealership for paperwork to be processed.
With a lease, you can request a model for a specific period of time and pay the price in installments. You can then reapply to lease the same model or any other model after that.
This funding may be approved in a month, or it may be approved soonerin as little as two to three weeks.
Conclusion
Therefore, having a good credit score can benefit you in a variety of ways, such as lowering insurance rates and obtaining loans with no interest. Therefore, maintain a good grade because large corporations favor employees who are moral and will never forget to pay a bill so that the business is burdened. If your credit score has been poor for any reason, you can raise it in the near future thanks to one of the greatest companies in the industry that Mercedes uses for credit checking.