Kia Motors Finance Review

Kia Motors Finance is offered by Kia Finance, a direct lender founded in 1989 and based in Irvine, CA. Kia Motors Finance is available in 50 states (and Washington, DC).

How much can you borrow via Kia finance?

Kia finance loan amounts start at $1,000 and go up to $200,000.

What APR does Kia finance offer on its car loans?

Kia finance offers a fixed APR car loan product that ranges from 0% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with Kia finance?

Kia finance has car loans with terms ranging from 12 to 72 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Kia finance charge an origination fee?

Yes, Kia finance may charge a loan origination fee.

Does Kia finance charge a late fee?

Yes, Kia finance charges borrowers with a late payment penatly fee

Does Kia finance charge prepayment fees?

Yes, Kia finance does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Kia finance loan?

Yes, you can. However, Kia finance charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.

What do you need to qualify for Kia Motors Finance?

Applicants with a credit score of at least 650 and up to 850 may be eligible for Kia Motors Finance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Kia Motors Finance does not have or does not disclose a minimum annual income eligibility requirement. Kia Motors Finance only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Kia Motors Finance. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Kia Motors Finance. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Recent pay stubs
• Proof of income
• Driver's license
• Government issued photo ID
• Proof of identity
• Proof of citizenship or residence permit
• U.S. tax identification number

Does Kia Motors Finance report your account activity to credit bureaus?

Yes, Kia Motors Finance reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.