Ewald Automotive Group

Feb 25, 2023

Are you looking for a great deal on a new Kia? Look no further! At Ewald Auto, we want to ensure that our customers get the best vehicle at the best price. That’s why we offer unbeatable Kia Motor Finance specials and promotions on select models – so that you can drive away feeling confident about your purchase. With money-saving promotional rates, unlimited mileage warranties, trade-in offers and more, there has never been a better time to buy or lease from Kia than now. Read on to find out more about our current special offers before you buy your next Kia in Waukesha!

What credit score do I need to qualify for Kia’s financing incentives?

The credit score required to qualify for Kia Motor Credit’s financing incentives can vary depending on a few factors, including the specific financing offer and the lender providing the financing. In general, however, most lenders prefer to work with borrowers who have a credit score of 650 or higher.

A credit score of 650 or higher is generally considered “fair” or “good” credit, which indicates that the borrower has a history of making on-time payments and managing their credit responsibly. If you have a credit score below 650, you may still be able to qualify for financing, but you may not be eligible for the most favorable Kia finance deals and interest rates.

It’s worth noting that credit scores are not the only factor that lenders consider when evaluating a borrower’s creditworthiness. Other factors that may be taken into account include income, employment history, debt-to-income ratio, and the value of the vehicle being financed.

If you’re interested in financing a Kia vehicle, or a Kia lease deal, and want to know more about the credit requirements, it’s best to speak directly with our Kia dealership near you to get more information on the specific financing options and requirements available.

Is there a down payment required to qualify for Kia’s financing incentives?

The down payment required to qualify for Kia Motor Credit’s financing incentives can vary depending on a few factors, including the specific financing offer and the lender providing the financing. In general, however, most Kia financing offers will require a down payment of at least 10% of the purchase price of the vehicle.

The down payment is typically required to demonstrate that the borrower has some level of financial commitment to the purchase and to reduce the risk for the lender. A larger down payment may also help to reduce the monthly payment and the amount of interest paid over the life of the loan.

It’s worth noting that some Kia finance deals may allow for a lower down payment or even no down payment, but these offers may come with higher interest rates or other terms that may not be as favorable. Also, a larger down payment may also make it easier to qualify for financing or to get better interest rates.

What is the interest rate for Kia’s financing incentives?

The interest rate for Kia’s specials can vary depending on a few factors, including the specific financing offer, the lender providing the financing, and the borrower’s creditworthiness.

In general, Kia’s financing deals may offer interest rates that are lower than the average market rate for car loans. However, the interest rate you receive will depend on a variety of factors, such as your credit score, the length of the loan, and the size of your down payment.

Can I pre-qualify for Kia’s financing incentives before I visit the dealership?

Yes, it is possible to pre-qualify for Kia Motor Credit’s financing incentives before visiting our dealership. Our Kia dealership near you offers online pre-qualification tools that allow you to submit your basic information and receive a pre-qualification decision within minutes.

To pre-qualify for Kia’s lease deals and financing offers, you will need to provide some basic information about yourself, such as your name, address, income, and employment history. You may also need to provide information about the vehicle you are interested in, such as the make and model, and the estimated purchase price.

Once you submit your information, Ewald will review your application and determine whether you meet the basic requirements for financing. If you are pre-qualified, you will receive an estimate of the interest rate, loan amount, and monthly payment you may be eligible for.

Pre-qualifying for Kia Motor Finance can be a helpful way to get an idea of what financing options may be available to you before you visit our dealership. However, it’s important to keep in mind that pre-qualification is not a guarantee of financing, and you may still need to complete a full application and provide additional documentation before receiving final approval for a loan.