Most Common Kia Finance Mistakes to Avoid

Automotive financing is one of the most common methods of driving away from the Folsom Lake Kia showroom in a brand-new Kia model. However, it is important to navigate the Kia finance process carefully to avoid common pitfalls that can cost you time and money. Our experienced finance professionals share three mistakes to steer clear of.

Not Knowing Your Credit Score

Your credit score is one of the most important factors when it comes to Kia financing. It plays a large role in determining your loan terms and interest rate, so before you step foot in our dealership, make sure that you check your credit report and take note of any errors or issues. A higher credit score often leads to better financing options and lower monthly payments, so it can be worth it to take steps to improve your score.

Not Getting Pre-Approved

Getting pre-approved allows you to have a clear idea of your budget before even visiting our dealership to apply for financing. The pre-approval process is simple when you work with us, as all you need to do is fill out our online form with some contact and financing information. We’ll quickly get back to you with estimated approval amounts.

Focusing Only on the Monthly Payment

While the monthly payment is an important part of your loan, it’s not the only factor that you should consider. Focusing solely on a low monthly payment can lead you to a longer loan term where you pay more interest overall. Instead, focus on the total cost of the loan, including interest charges.