Kia Financing October 2020

[w8rner]

1.9 is now up 66 months.
2.9 for 72 months.
3.9 up to 84 months.

Tier one credit rates. 720+

500 rebate still available at higher APR's

@StephenCantrelle Is the $500 rebate zip code or region specific? I’m not seeing it offered for dealers near me in the Southeast (GA specifically) or in Indiana?

 

[Mavrx]

My dealer just told me the offers are same as last month. Asked about the $500 but she has responded yet.

Quick question though, are you guys trying to haggle down the price at all or just accepting MSRP? I'm assuming we just accept MSRP

 

[DougSears]

My dealer just told me the offers are same as last month. Asked about the $500 but she has responded yet.

Quick question though, are you guys trying to haggle down the price at all or just accepting MSRP? I'm assuming we just accept MSRP

You can try and haggle but considering others are selling above by $5-$7k I would not expect much. You might remind them that documentation fees are fees for paying their clerical staff and that that is their responsibility???
Assume also that you agreed to place order at MSRP and so price was set then - just thinking?

 

[Katy_Tell]

You can try and haggle but considering others are selling above by $5-$7k I would not expect much. You might remind them that documentation fees are fees for paying their clerical staff and that that is their responsibility???
Assume also that you agreed to place order at MSRP and so price was set then - just thinking?

I agree.

I recently placed an order for mine. I was happy to finally find a dealership that was NOT charging a markup. These things are selling so hot right now, they don’t need to bother with negotiating.
Also, what is the point of saving a couple hundred on a processing fee when you are looking at 35-50K on a vehicle?

Now, with that said. If you have good credit, can put down a large down payment, and finance with Kia, You can walk away with that $500 rebate. I guess you could consider that as buying below MSRP.

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[Mavrx]

I agree.

I recently placed an order for mine. I was happy to finally find a dealership that was NOT charging a markup. These things are selling so hot right now, they don’t need to bother with negotiating.
Also, what is the point of saving a couple hundred on a processing fee when you are looking at 35-50K on a vehicle?

Now, with that said. If you have good credit, can put down a large down payment, and finance with Kia, You can walk away with that $500 rebate. I guess you could consider that as buying below MSRP.

I can't find any info on that $500 rebate, do you know where the details about that is located?

 

[Sybertron]

I can't find any info on that $500 rebate, do you know where the details about that is located?

I talked to my sales guy today and he did mention about $500 rebate offered on higher APR's.

 

[StephenCantrelle]

I can't find any info on that $500 rebate, do you know where the details about that is located?

Its a internal rebate.. not advertised.. never has been

 

[Mavrx]

I talked to my sales guy today and he did mention about $500 rebate offered on higher APR's.

which ones are the higher APRs? The 2.9% for 72 months?

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[Mavrx]

Its a internal rebate.. not advertised.. never has been

ooh that makes sense. So does that mean not all dealers offer it?

 

[DruKe]

There isn't a "you should take the rebate or loan percentage" golden rule. Use this calculator to figure it out.

https://www.cars.com/car-loan-rates/ - Click on the "Cash Back or Low Interest" tab.

 

[StephenCantrelle]

ooh that makes sense. So does that mean not all dealers offer it?

Its though Kia Motors Finance so all dealers have it... They may not bring it up but its available

 

[Sybertron]

which ones are the higher APRs? The 2.9% for 72 months?

Yes, I am not sure if they offer it for 1.9% for 66 months.

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[Stroff05]

Is November finance/inventive out yet? Kia.com still shows previous month.

 

[StephenCantrelle]

Is November finance/inventive out yet? Kia.com still shows previous month.

Same as last month

 

[Stroff05]

Same as last month

Thank you

 

[locorecto]

Its a internal rebate.. not advertised.. never has been

Sorry to bring back this old post but what is the APR being used for taking the $500 back instead of the lower rate. Let's say for 48 and 60 months

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[StephenCantrelle]

Sorry to bring back this old post but what is the APR being used for taking the $500 back instead of the lower rate. Let's say for 48 and 60 months

2.25 up to 66 months..(Credit over 760) dealer does have option to increase a point

 

[exp1orer]

@StephenCantrelle , Can you tell me if there is a finance rebate in effect right now, and do they change monthly? i.e. tomorrow is Feb 1st... Will it be different?

 

[TN Gal]

Here is what is on the Kia website as of this morning. Looks like it's not updated yet for the month of February. I'm no expert but there are some fine print that caught my eye as a customer and led to questions.

1. Quantities limited- Limits placed on dealers on how many customers or vehicles can get this deal?
2. Participating dealers- dealers aren't required to offer the deals?
3. Very well qualified buyers- what is the minimum FICO, annual income, etc for the financing.
4. Take delivery from retail stock- does this mean the special financing isn't available for ordered vehicles?

1.9-3.9% APR​

48-75 Months
for Qualified Customers

Quantities limited. Available only at participating Kia dealers. Contact your local Kia dealer for availability. 1.9% Annual Percentage Rate (APR) up to 48 months. $21.65 per month per $1000 financed at 48 months. 1.9% Annual Percentage Rate (APR) up to 60 months. $17.48 per month per $1000 financed at 60 months. 1.9% Annual Percentage Rate (APR) up to 66 months. $15.97 per month per $1000 financed at 66 months. 2.9% Annual Percentage Rate (APR) up to 72 months. $15.15 per month per $1000 financed at 72 months. 3.9% Annual Percentage Rate (APR) up to 75 months. $15.05 per month per $1000 financed at 75 months. APR financing available, subject to credit approval by Kia Motors Finance (KMF), through KMF, to very well qualified buyers and not available on balloon financing. Only a limited number of customers will qualify for advertised APR. No down payment required. Must take delivery from a participating dealer and from retail stock from 1/5/2021 to 2/1/2021. New vehicles only. This incentive is a limited time offer on eligible Kia vehicles and may not be combined with other special offers except where specified. Dealer contribution may vary and could affect actual monthly payment. See your participating Kia dealer for more details on these special offers. Finance contract must be signed and dated no later than 2/1/2021.

 

[KDBug]

Is 760 the credit score to get the lower interest rate financing?