Does Credit Matter When Applying for Kia Financing
When it comes to the Kia finance process, Sansone Kia has your back. We make it easy to pick out the right car at the right price for your budget, and we offer the financing tools and resources that will help you find the right terms every time. We’re also sharing all you need to know about financing and your credit score, so come down to our Woodbridge, NJ Kia dealership to get started.
How Does My Credit Score Affect My Financing Options?
Your credit score actually plays a big role in what financing terms and options are available to you. It tells the lender how reliable you are to lend money to, and how quickly you’ll be able to pay it back. For that reason, drivers with higher credit scores typically have access to more favorable terms when picking out new or pre-owned cars.
Can I Still Finance With Lower Credit?
Don’t worry if you don’t have a perfect credit score. You’ll still have many different financing options at your disposal, though you might see higher interest rates or shorter term lengths if your score is lower.
The one thing you do want to keeping mind when financing a Kia vehicle is leasing. In order to lease a new Kia car, you typically need a very high credit score, which isn’t a requirement when you buy.
How Can I Raise My Credit Score?
By raising your credit score, you become eligible for better financing terms and options. To start, you want to try to get your credit usage below 30% of your total available credit. You can do this by reducing the amount of usage, or by increasing your credit limit, so speak to your credit team about getting a larger credit limit. You can also raise your credit score by avoiding hard credit checks and always paying your bills on time.
Learn About Kia Financing in Woodbridge, NJ
No matter what your Kia financing needs may be, Sansone Kia is here to help. Visit our dealership to explore your financing and leasing options, and to take home the new or pre-owned vehicle you like best with support from our team today.
Warranties include 10-year/100,000-mile powertrain and 5-year/60,000-mile basic. All warranties and roadside assistance are limited. See retailer for warranty details.
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