Can I Finance a Kia with Bad Credit?

There are lots of factors that affect your loan terms and eligibility, with your credit score being one of the most important. While bad credit isn’t ideal, it isn’t always a dealbreaker. Kia Medford outlines your options when it comes to Kia bad credit financing.

Why Credit Matters

Lenders look at your credit before they consider you for a loan. If your score is low, that can make some lenders hesitant to extend a loan to you because they can’t be confident that you’ll repay your loan. This typically means that you’ll get fewer loan offers. You may not get a loan with the terms you want, and you’re likely to get a high interest rate as well, which can add significantly to your loan.

Improving Your Odds

Our team is committed to helping every buyer get into a car that they love. In fact, credit approval is our specialty. However, there are a few steps you can take to help. You can make a large down payment, which helps to establish your buying power, or consider adding a cosigner.

Consider a Subprime Auto Loan

Subprime auto loans are designed for buyers with bad credit, even if you don’t have a cosigner. Your credit score is determined based on a variety of factors, including your payment history, length of credit history, and usage. Then, our Kia professionals will design a payment plan for you, with your budget in mind. Not only can you get into a vehicle you love, but you can even build up your credit with on-time monthly payments.

Apply for Kia Financing in Medford, OR

Don’t be discouraged if you’re concerned about your credit. We still have options for you at Kia Medford. Stop in to apply for Kia financing and to take a test drive today!